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by kminehart
1930 days ago
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Here's my hot take: they're victims of a pump-and-dump, only instead of enticed by the promise of a get-rich-quick scheme, they're experiencing groupthink while people encouraging and controlling this narrative are running away to the bank. |
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Some people are pushing pump and dumps to make money. Some are ignorantly following along. Some genuinely treat it like a gambling addiction and enjoy it.
The GME thing though is unique, and there really is a narrative to hurt hedgies (in addition to all of the above).