I’m on the WSB Reddit sub a lot, been there for years. There are over 6.7 million members now, and many of them only have one share, or even a fraction. So liquidity may be less of an issue than it used to be. I have one share of GME left, holding to the moon (or 0) because why not? As runningman said, it’s entertaining. There are actually people in the (Fat) Fire area here who spend more than that on a bottle of wine.
CNBC and a lot of the other press are ignoring or glossing over the best of WSB. There is a lot of REALLY good analysis and discussion there. It gets upvoted, the particular experts build up credibility and karma over years of sharing their knowledge. As some have said, in certain ways we made our own mutual funds, and in a lot of ways we are just like any other investment club.
In some ways it’s like this FIRE board: I see that some of you have been here for many years, made thousands of posts. I can look up your old & new posts. There are also the newbies who come on, ask or say one or two things, and disappear.
As far as the worst of it: I take most of the dramatic posts (I’m mortgaging the house to buy GME!) with a grain of salt. And it’s easy to skip over the profane and inane drivel. It’s like skipping the chatter on Squawk Box. There are even filters available on a lot of the subs to assist with this.
And yes, there is a contingent analyzing silver as an upcoming investment opportunity. They are discussing physical, comex, mining stocks, trust instruments, history (Koch), and more. It’s quite educational.
And every (serious) post there does include the same disclaimers I see on Options Action and every single brokerage website: investments carry risk, don’t invest more than you can afford to lose, yadda yadda.