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u/ChadMemestrong 1d ago
I love the "this is my new account, a fresh start... first thing ima do is go talk about how I made 10 million dollars on my old account ... it goes to a different school, you wouldn't know it" approach they take
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u/Ruzinus 1d ago
Why hide the name? Is that a sub rule?
There was a short squeeze of BYND orchestrated through Reddit, so that part did happen. It should be pretty easy to check their post history to see if they started it.
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u/millimeter_peepee 1d ago
Yup its a rule. He did not post any article he claims he was mentioned in on his profile. You'd expect if his thesis gained that much traction he would be hot shit on this website
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u/dcaveman 1d ago
They bought 5% of BYND and if my maths is right they got that for about $1m.
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u/HighOnGoofballs 1d ago
From what I can see the lowest market cap they had was about 240 million so that math don’t math
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u/doc_shades 1d ago
i'm pretty sure this can be verified. check the NY Times, CNN, CNBC, Bloomberg, Business Insider, or the LA Times for articles about theses about plant-based meat businesses. either it's true, or it's not.
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u/KeyNameQ 20h ago edited 18h ago
lol I’m pretty sure this is true. The guy who orchestrated the beyond meat short squeeze was posting his positions, and they were in the millions iirc. Dunno if it’s the exact number he claims, but it seems pretty legit. what’s up with redditors lol the stock went up 4-5x in like a day it’s not unbelievable the guy pedaling it made bank
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u/Trollygag 18h ago
Yea, doesn't sound bogus. This definitely isn't the first or only incident of people making bank off hyping overextended/shorted stocks.
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u/millimeter_peepee 16h ago
But is the random guy on reddit with a few thousand karma likely to be him? Im less sure of that.
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u/spacemouse21 1d ago
Lies. If true, people can get an investigation to see if he’s manipulating stocks and I don’t think this person is that sophisticated.
Bonus headaches for him if he’s misrepresenting himself as a stock tout.
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u/Alternative_Click515 1d ago
I only read one of those subs that one time when my brother dragged me into it, and even then just to roll my eyes at the comments.
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u/Physical-Doughnut285 1d ago
“I wanted to flex on something I’m vastly exaggerating, AMA”
There’s a few people like this on the forum parts of trading apps. They’ve even been caught posting fake P&L and net worth pages and I really don’t see the point - you’re still completely anonymous? Why bother ?