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How much "wealth" was produced last week

u/Temporary_Most5517 · Reddit — r/wallstreetbets · June 02, 2026 at 03:48 · ⬆ 115 pts · 💬 47 comments  | View on Reddit ↗
AI Summary

Summary

  • The author critiques the recent pattern of large-cap stocks surging 10-20% daily, calling it speculative “wealth creation” rather than real value.
  • They describe profiting from Intel and Nebius, then deliberately buying SPCE at $7.00 and selling at $8.50 to prove retail stupidity.
  • Thesis: Meme-like behavior is rampant, and the market is disconnected from fundamentals, but the author is cynical despite participating.

  • Quality assessment: This is noise / anecdotal commentary, not a researched DD. The author shares personal trades and cynicism but provides no data or analysis.

Score 115
Comments 47
Upvote % 92%
Full Post Text
Ideas
u/Temporary_Most5517 Reddit r/wallstreetbets
The author bought 500 SPCE shares at $7.00 and sold at $8.50, stating “people really are that stupid” – implying the buyer at $8.50 overpaid. The author views SPCE as a meme stock with zero fundamental support, and the quick $1.50 profit came from irrational buying. SPCE is likely to revert toward its lower mean after the hype fades; a short position captures the expected mean reversion. Continued meme momentum or positive news could push SPCE higher before dropping.
More from Reddit — r/wallstreetbets

This Reddit post, published June 02, 2026, features u/Temporary_Most5517 discussing SPCE. 1 trade idea extracted by AI with direction and confidence scoring.

Speakers: u/Temporary_Most5517  · Tickers: SPCE