The Million Moron March - the Reddit gang decides to buy Metro Bank on Monday
By Tom Winnifrith | Sunday 7 February 2021
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
As I noted yesterday, members of the OneMillionTradeMarch chatroom on Reddit were voting on which stock to buy en masse at 8 AM on Monday to #burntheshorters. Well there aren’t many shorters to burn in the case of the target pick but & if it rockets the big winners will be fat cat bankers but why stop the facts getting in a way of the narrative?
Premium content is for paid subscribers only
ShareProphets is reader-supported journalism
Become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.