RE:RE:consider yourself warned LyingWhispererDo you not think that this was simply a marketing exercise by deep pocked hedge funds?
The market segment has been established. Factor Analysis identifies key determinents of the segment: typically, under 30, male, aggressive, impulsive, but under or not employed at the level they believe they at. In short, disgruntled and ready to blame someone, an entity.
Success! Hedge Fund Managers...the bad hedge fund managers.
Now what is an enterprising hedge fund manager to do with that market research?
How can we expoit that market segment...make them feel empowered. The hedge fund managers could not have pulled this off themselves but with the extra buying demand from the freshly described market segment, they believed it was now possible to take on a couple of their hedge fund competitors...just like in sports: Football, basketball, hockey...whatever.
With the market segment now engaged and primed, no doubt the hedge funds behind the scenes made a fortune driving it up in the early stages, managing the rise and then shorting the stock at the peak, knowing that without their further involvement, the stock would return to its point of. stasis.
Who lost? Well, when you buy a lottery ticket, you know that its ultra high risk...but its exciting. to now have the ability to dream until the draw and...you lose...but you did win a bit because the ticket purchase was your entry into that fleeting dream like state.
Did the Robinhood members view their investment as a lottery ticket or did they put real coin and margined debt into the dream?
TRIP is a purveyer of therapeutic trips and it is also a dream like a lottery ticket.
That is why I am bullish.