TL;DR

An unverified Reddit post boasts a 10x return on HIMS stock, possibly a pump-and-dump scheme. Blind faith and herd mentality can lead to financial ruin, echoing past market crashes.

Story

A Reddit user claims a 10x return (• $123,000 to $1.2 million) on HIMS stock in under three months. While the user provides a screenshot, no verifiable evidence backs the claim. This reeks of market manipulation tactics and social media hype designed to lure in unsuspecting investors. Remember the 2008 housing bubble? Driven by similar unrealistic promises, it ended in disaster. • 10x Return: An investment increasing tenfold in value.

The story’s holes are glaring: How did they time the market so perfectly? What’s their strategy beyond “diamond hands”? These details are conveniently missing. It’s classic pump-and-dump territory: create hype, inflate prices, and cash out before the inevitable crash. Like a Ponzi scheme, it relies on fresh capital to maintain the illusion. • Pump-and-Dump: Artificially inflating an asset’s price through misleading positive statements, then selling at the peak, leaving others with losses.

Comments celebrating the “win” add fuel to the fire. Blind faith in anonymous internet personas is a recipe for financial ruin. Think Enron—charisma can mask deep rot. Many Redditors display a herd mentality, echoing the initial poster’s enthusiasm without critical thinking. This behavior is what fuels market bubbles and leads to devastating consequences. • Herd Mentality: Following the crowd without independent analysis, often leading to poor investment decisions.

Advice

Scrutinize all investment claims, especially online. Verify information independently. Don’t fall for hype; it often masks underlying scams.

Source

https://www.reddit.com/r/wallstreetbets/comments/1ionbhx/10x_123k_12m_on_hims/