In an effort to curb those possible infractions, users can only post on the board if their account is older than 45 days and made their first post more than 30 days ago. In addition to to major bylaws like “No paper trading,” a ban on “Political bullshit, “No penny stocks or SPACs,” and “No cryptocurrency,” WallStreetBets also has rules like “No pump & dumps” and “No market manipulation.”
“DD’s” have been responsible for many of the meme stock success stories so far.īut these posts also appear to be in violation of WallStreetBets rules for posting. Giving some oxygen to Docoh’s concern is that the posts are often carbon copies of text across different boards posing as unique insight, or “DD”s as Redditors call them, an acronym for “due diligence” or detailed arguments on a new stock idea that retail investors might have missed. PetcoĪll posted gains in short periods of time in the last two weeks, and all did so thanks in large part to sudden five-digit spikes in volume of mentions on WallStreetBets alone. But many other stocks popped fast without sticking around very long. Have surged in popularity on both Reddit and the markets, joining the ranks of GameStop, AMC Entertainment and BlackBerry In fact, the only thing they had in common was a sudden surge in mentions on social media, a statistic that has been increasingly compiled by analysts like Rehl who are selling it as investment data on new platforms and which are now being quoted in analysis of meme stocks by major Wall Street firms which, in turn, are clearly now aware of how social media fuels the market for meme stocks. Wild short squeezes, some of these new instant memes did not pop after any actual news and some are not even that heavily shorted.
Unlike January’s meme stock supernova that birthed the GameStop “These bad actors are getting more sophisticated.” “We’re seeing big variations in posts and comments on Reddit,” cautioned Travis Rehl, the founder of HypeEquity, a platform that tracks social media sentiment on individual stocks.
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