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Transcripts for MSNBC Diamond Hands The Legend of WallStreetBets 20240604 02:10:00

the stocks are going to go up. they re also going to go down. the important thingis just hold on. sir jackalot:i got the memes. i m, like,put in rocket emojis when you thinkyou re going to be rich. ape alone, weak. apetogether, strong. [laughs]it s so true. mikeymillions:the ape is the unsophisticated investor.you can go to wallstreetbets, tell them thatyou re going to buy shares of a dying company, and you willreceive accolades. kirsten:at this point, i really still had not a single amountof technical analysis or able to doanything like that in the stock market. but i knew, you know,buy low, sell high. my name is kirsten,and i am stonk queen. woman: so i m learningall these different things, and it s like, buy amc.buy blackberry. buy bed, bath, & beyond. and it s popping. matt kelly: a lot of theseguys are investing in neo, and that wasthe first stock i bought, and it went up to, like, $50. andi m like, oh, shit.

Transcripts for MSNBC Diamond Hands The Legend of WallStreetBets 20240604 04:09:00

- nice. well, he s goingto get fucked on taxes. have fun with that. [music playing] woman: a fucking bros club,which was kind of fun. - i said words on there thati would never say in public. - and i m hearing about likeall these different lingos that are kind of fun. i m like, ooh, diamond hands, like paper hands.like, i m a bro now. - the whole joke is, like,diamond hands. you just have to notreally treat it like money. and that s when i took350k, and i just like yolo dthe fuck out of it. sir jackalot:if you re like me, you re watching every minuteof your favorite stock during the day.you want to be able to be with your people, all screaming in terrorif something falls. the stocks are going to go up. they re also going to go down. the important thingis just hold on. sir jackalot:i got the memes. i m, like,put in rocket emojis when you thinkyou re going to be rich. ape alone, weak. apetogether, strong.

After WallStreetBets, Australia s securities regulator warns share trading forums

Asia PacificAfter WallStreetBets, Australia s securities regulator warns share trading forums Byron Kaye 4 minutes read Australia s securities regulator has contacted internet share trading forums to question them about policing of pump and dump scams on their platforms, a sign of growing scrutiny of an investment subculture that soared during pandemic lockdowns. The Australian Securities and Investments Commission (ASIC) told Reuters it has boosted surveillance of local retail trading internet chatrooms that have sprung up since the WallStreetBets Reddit chatroom was linked to wild U.S. stock fluctuations this year. That has led to discussions between the regulator and several operators of the profanity, irony and meme-laden chat forums - who often operate anonymously - about their liability if they allow share inflation schemes to flourish.

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