Reading the BBBY thread on Wall Street bets is really grim.
I’m not sure what it looked like last night, but they’re straight up delusional this morning. “Cohen selling is a good thing!” Or “he’s putting all of his profits into the company!”
I feel a little bad that I am laughing at regular folks but JFC, how do you get that delusional that you believe in a stock because you read a random internet tweet or post? I mean it’s one thing to get a tip and invest but to be so damn invested that you protect it like it’s your baby?
Honest question, what were these delusional people doing before COVID, WSB and Robinhood made them retail investors? Where was there money going? I mean has the hard seltzer market, celebrity infatuation, drug trade and/or gambling markets dropped off hugely? These reactions remind me of addiction level behavior.
To be honest, it's a little hard to read this and how this is so funny to you. Look - people invest for a lot of reasons. Personally I think it's good that people are coming out of their comfort level and at least trying. Some people will make money, and some people will learn the hard way. I'm in the same boat - I am hardly a savvy investor and I've lost some money because I didn't understand as much as I do now. I've learned and trying to get better.
But to take pleasure in seeing people lose their savings is not cool, in my opinion, especially since you keep harping on it every time this happens.
Ok, I think you are taking this way too seriously. It’s a big damn leap from laughing at BBBY investors handing their money to billionaire types and taking pleasure in people losing their life savings. You can slide off that high horse there, trying to paint me as some evil guy.
To be honest, I have from day 1 been absolutely a voice of reason against investing in these types of run down bad companies and have gotten flack from people who like Dodds so TBH FU for insinuating that I’m a bad person. Investing comes with risks so if you aren’t willing to understand that when I have been a proponent of listing out why I think GME, AMC and others are bad companies to invest in and get quick rich schemes rarely work.
We are on a FBGs forum, I’m not taking anything super serious. If people are investing their life savings in Bed Bath & Beyond after their most recent earnings reports, then that’s their fault because there are plenty of people like me spouting actual statistics which are knocked and ignored. Retail investing is so focused on bankruptcies and stock sales as if they are good things. I’ve stayed my warnings so oh well if I laugh at Ryan Cohen bilking millions from the people who put him on a pedestal because of frogs and ice cream while ignoring their declining sales and CFO turnover and NFTs tanking.
I’m actually talking about the legend not the company. So funny how one of the most famous/iconic characters is now not the first thing you think of with his name. Robinhood the dude who stole from the rich to give to the poor.
I just figured that scheister company was up to something again.
