TL;DR

A Reddit user supposedly bought a stock for their friend “Luigi,” creating hype and driving up the price before dumping it on unsuspecting investors. This “blessing” illustrates the dangers of market manipulation and following unsubstantiated tips.

Story

Luigi’s “blessing”? More like a pump-and-dump in disguise. Some Reddit user hyped a stock (UnitedHealth Group, UNH), claiming their friend “Luigi” bought it, guaranteeing profits. Others piled in, likely based on nothing but blind faith. Then, poof, the “Luigi” character sold at the open, leaving everyone else holding the bag.

This reeks of classic market manipulation. It’s like the Greater Fool theory in action: someone buys an overpriced asset hoping a “greater fool” will pay even more. But the music always stops, and someone’s left without a chair. Remember the dot-com bubble? Same story, different costumes.

We don’t know how many fell for this “Luigi” charade, but any losses are a painful reminder: There’s no magic in markets, only risk and manipulation. Don’t trust anonymous tips. Do your research. Or end up like those chasing Luigi’s ghost.

‣ Pump and dump: Artificially inflating a stock’s price through misleading hype, then selling before the inevitable crash. ‣ Greater Fool theory: The belief that you can profit from an overvalued asset by selling it to an even bigger “fool.”

Advice

Don’t blindly trust online stock tips, especially those with cartoonish narratives. Always research before investing. If it sounds too good to be true, it probably is.

Source

https://www.reddit.com/r/wallstreetbets/comments/1k1d413/thank_you_luigi/