In a video posted to Reddit’s WallStreetBets forum, a man hurtles down a long, steep slide, arms flailing, before slamming into the muddy ground. He then sits up, dazed.
The title for the video: “A WSB-hyped stock as soon as I buy it.”
The meme is a hit, skyrocketing to the top of the subreddit’s page. “Buy high, sell low, right?” a user replied.
The tongue-in-cheek meme has some truth to it. In recent weeks, many stocks that WallStreetBets had sent soaring “to the moon” have crashed to earth. Forum fave GameStop Corp. closed Friday at $52.40, down from an intraday peak of nearly $500 just a little over two weeks ago.
What follows is a diary of five days of chaos and jokes on WallStreetBets (we can’t publish all the profanity).