More and more investors are using these forums so although the strategy is likely in decline it appears to be on the increase for this reason.
Fear of Missing Out (FOMO) is certainly one. When I personally interact with retail investors I see that often there is a pride in stating they owned the stock pre-license – from day 1 – before the M&A, etc. As odd as that seems, their ROI seems secondary to being able to state that they had a feeling about
a company all along. Now let’s revisit how hucksters and paid promotors (influencers) work their craft. They use game theory and psychology.
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With Canada as the first G7 country to end prohibition, euphoria around the untold riches to be made fill the ears of those all too willing to part with their money. Here, in the USA, most people regardless of political allegiances can likely agree that the current President does not like to finish anywhere lower than the alone in 1st place. On the heels of the Canadian Senate’s approval (subject to amendments for the House of Commons to further consider) of Bill C-45 (the Bill that will bring an end to prohibition), President Trump immediately did three things: