@scottywh to [email protected] • 3 months agoReddit Insiders Selling Days After IPO; Shares Fallwww.investors.comexternal-linkmessage-square31arrow-up1222arrow-down13cross-posted to: redditnews
arrow-up1219arrow-down1external-linkReddit Insiders Selling Days After IPO; Shares Fallwww.investors.com@scottywh to [email protected] • 3 months agomessage-square31cross-posted to: redditnews
minus-square@[email protected]linkfedilink40•3 months agoBecause the stock market is mostly based on mob thinking/human psychology rather than being based on reality.
minus-square@[email protected]linkfedilink12•3 months agoNot mostly, but people are buying Truth Social shares not because they think it’s a sound financial decision, but because they support the company. It’s meme stock logic.
minus-square@[email protected]linkfedilink3•3 months agoThat’s basically what I meant with mob thinking.
Because the stock market is mostly based on mob thinking/human psychology rather than being based on reality.
Not mostly, but people are buying Truth Social shares not because they think it’s a sound financial decision, but because they support the company. It’s meme stock logic.
That’s basically what I meant with mob thinking.