Key insights
- The post questions the legitimacy of stock recommendations on Reddit, suggesting potential 'pump and dump' schemes. It doubts the impact of retail investors on stock prices but acknowledges following general sentiment. This highlights the risk of relying on social media for investment decisions, potentially leading to losses for inexperienced investors.
How many posts in here are actually people hyping stocks they’re already invested in to try and pump them?
And even if that does happen, does it actually make a difference? Like I feel like a few people on Reddit buying a stock isn’t really gonna move it that much.
Do many of you take into consideration what the general sentiment is for a stock or even take peoples picks?
I’ve kinda been following overall sentiment on stocks I see mentioned a lot for the past couple years, but not sure how much weight I should really give that.