WallStreetBets (WSB) has seen phenomenal success over the past two weeks. In its wake, many have latched onto the movement – creating their own versions of WSB in other assets classes (SatoshiBets) and other stock exchanges (BursaBets).
I have been wondering if such a movement would even arrive on our shores. How will our local investors take to a WSB style movement? Will our largely placid Singapore stock market see a revival of sorts? Will we even experience a fraction of the fervour of American investors? Finally, how does BoonTatStreetBets #BSB sound like?
However, there are some fundamental differences between the US and Singapore markets. First up, there is very little short interest in general. We are also unable to purchase options on Singapore stocks. Without these two elements, it would be hard pressed to replicate what is happening over in the US. We cannot blindly follow and we have to adapt to our situation.
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