https://www.zerohedge.com/personal-finance/you-dad-interview-anonymous-gamestop-investor
TK: What’s the future of wallstreetbets?
SP: I'm fearful of what could happen. The forum is big now. It’s never going to be ignored again. There are two opposing forces. You have big businesses that are going to try to channel this movement to benefit themselves. But at the same time, you've got a lot of long-time people who've been on there who can sniff out a fraud pretty quickly.
It’s going to be a cat and mouse game. We already see it happening. The biggest one was in silver. Silver is often used as a way for large owners of silver, like in the SLVETF, to cover losses elsewhere. Last week I saw zero advertisements to buy Gamestop stock. Over the weekend, I saw countless news articles and advertisements all over to buy physical bullion. They’re saying, “Silver is going to get pumped. The Reddit crowd is turning to silver.”
TK: Yahoo! had “Silver Squeeze: How to join the Reddit Bandwagon.” CNBC had, “Is Silver the Next GameStop?” It was like wallstreetbets went Hollywood.
I agree. There was an article on ZH last week about a hedge fund that made 700 million of the GME fiasco. I'm not convinced that the cat and mouse game didnt start PRIOR to this year.
The WSB crowd will influence the market now. But the smart hedge funds will have a far faster response to any movements generated by the group at WSB and will likely come out ahead over and over again.
I think what we are going to see more than anything else is the WSB people (as a group) losing their money.
They can be read and they got the attention of everybody with the GME stunt, the relative anonymity they enjoyed which played a huge role in the surprise effect of their GME move which caught unsuspecting hedge funds off guard, is gone now, that's a given, it's not going to be same again
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