GameStop investor retracts suit accusing Roaring Kitty of pump-and-dump scheme

Roaring Kitty was briefly accused of deceiving his meme stock army.

13 comments

To me, all this stonks nonsense is just investors with a new scam trying to supplant the investors running the old scam.

Anyway it's a good thing in that it exposes the grade-school explanation that the "stock market is a meritocracy where the best businesses/ products rise to the top" as total bullshit.

An alien looking at the stock market would assume that Tesla makes the best cars; MacDonald's the best food; and Microsoft the best software.
It's just so sad that some people are still hanging on to the GME bullshit after so long. Their ego doesn't allow them to acknowledge that they made a bad choice, and got fucked.

So instead of just walking away, they dive deeper and deeper into this echo chamber, insisting you'll make millions off some shitty retail stock just because a few people got lucky almost 4 years ago.
- Just because a few people got lucky...? My dude, instead of parroting media talking points do the reading so you know what's actually keeping folks holding the stock.
  
  What media? What talking points? I was there when it went down, I bought the stock, my opinion is my own. They hold the stock due to a sunk cost fallacy. There's bound to be a little bit more nuance for some people but in my opinion it is a waste of time.
- FUD
Didnt know I was enlisted! Thanks MSM!
- Congratulations on completing boot camp, soldier. Go out and invest.
Pretty sure the term savvy investor doesn't apply to dipshits who baghold meme stocks lol
- The price is wrong

13 comments