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I would say that a fair number of people on wsb are encouraging people to pile in so that they themselves can exit their position
Same as Bitcoin to a degree in that the asset is only valuable if there’s demand.
I suspect that the intention of giving Wall Street a bloody nose is now secondary for most of these guys.
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I would say that a fair number of people on wsb are encouraging people to pile in so that they themselves can exit their position. That is definitely selfish. Welcome to the markets.
If I was sitting on, say $1000 worth of shares bought at $30 each that are now worth $300 each I'd be looking to get the fuck out of dodge with a sizeable chunk of my $9k profit. (I wouldn't be posting and encouraging people to pile in though.)
Hold/sell needn't be binary though. I'd be looking to make a nice chunk of money and then leave, say, 25% in there in case it has another rally. If that happens then take out 50% to 75% of that and leave a smaller chunk there in case there's yet another surge.
This doesn't really apply to DFV though, he's in it for a longer game (hence April 16th expiry calls). The more it goes up though the more he will make on the way back down so, yes, he'll be pretty vocal for people to stick with it, but that's hardly selling people down the river.