Every thread about WSB has comments like this, pretending that tons of stupid kids haven't made fortunes rolling the dice on meme stocks. You ignore or misunderstand what's going on at your own peril.
There are something like 3 million subscribers to WSB. How many people are really making that kind of money on meme stocks?
Where have you been? TSLA was one of the biggest meme stocks and WSB won big.
I hear the hype. I see a few big winners, but there are a lot of people piling on that don’t know the first thing about why prices go up and down.
So what?
If the argument is everyone’s making bank on these meme stonks and it turns out to only be a tiny fraction of the user base that are ending in the black, the argument isn’t very well founded.
You can make that argument about literally any retail investing. Of course it's a gamble, it's right in the title. Wall Street Bets.
You are simultaneously deriding those skeptical of WSB while telling off my skepticism by saying “of course they’re rubes!”
Some of them are really intelligent investors who know what they're doing, and some others are jumping on the bandwagon and don't really understand what's going on.