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this post was submitted on 01 Jul 2024
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It makes me sad because they act like a god damn cult with their memes and rhetoric. They keep huffing copium and saying the stock will definitely go to the moon this time. It's illogical. It's just gambling at this point among hardcore GME redditors. I haven't looked at the reddit in at least a year, so idk what it's like now.
Makes me sad to see people fixating on some financial event from the Covid era, and deluding themselves into thinking this retail stock is gonna make them rich with no effort.
Why does it make me sad? It's the same feeling as when I see old people spending their retirement in a casino, feeding a slot machine.
Thanks for following up and sharing this; sincerely. There's not enough of this kind of emotive sharing with Gamestop. I agree that a lot of the 'movement' borders on being cult like in the blindly following kind of way.
I touch base on reddit monthly or so to keep tabs because the same thing you find sad, I find absolutely fascinating. All the dynamics at play...from shifts in sentiment, conspiracy-style interlopers, systemic corruption to the highest levels of bureaucracy, and sometimes actual information about the mechanics lubricating the movement of stocks and money.
I've been told I'm an emotionless rock though, so it might account for our differing perspectives on how people spend money.