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re: Holding AMC Thread- Diamond hands unite
Posted on 6/10/21 at 11:33 pm to Chucktown_Badger
Posted on 6/10/21 at 11:33 pm to Chucktown_Badger
I remember the same bs when GME was first squeezed. Talks of 3000 a share were routine. It’s a pipe dream fella. Those who made it out alive sold sub 500. I doubt AMC gets close to even 75.
2
Posted on 6/10/21 at 11:38 pm to Richleau
quote:
I doubt AMC gets close to even to 75
It's already broken that so you are wrong.
Posted on 6/11/21 at 1:57 am to Laffy Taffy Tiger
Is it there now? I’m talking about where the stock is and where it will go, not where it has been previous. GME went to near 500, where is the stock now? See how a squeeze works?
This post was edited on 6/11/21 at 1:58 am
Posted on 6/11/21 at 6:47 am to Sasquatch2020
quote:
Cool. Apparently the actual price of the stock is currently 1900 just FYI.
So where do we find those buyers at?
Posted on 6/11/21 at 7:06 am to honeybadger07
The hedge funds who shorted the stock will have to buy to cover their position, hence the squeeze. The interest payments will soon be too much and force their hand. They have already lost and if you were strong enough to hodl, you are about to get paid big. Still not too late to jump in for big gains.
Posted on 6/11/21 at 7:29 am to Bazzatcha
Major support level is around 42. After that the next major level is just below 30
Posted on 6/11/21 at 8:13 am to Bazzatcha
Two major differences between GME and AMC
1) short interest on AMC is a fraction of what it was on GME
2) AMC has been issuing shares and people are selling, giving any shorts plenty of opportunity to exit their positions
1) short interest on AMC is a fraction of what it was on GME
2) AMC has been issuing shares and people are selling, giving any shorts plenty of opportunity to exit their positions
Posted on 6/11/21 at 8:25 am to Chucktown_Badger
quote:We know the $7.50 puts didn't quite work out for you, so why not buy more, at a higher strike price. You seem extremely confident in you views.
Two major differences between GME and AMC
1) short interest on AMC is a fraction of what it was on GME
2) AMC has been issuing shares and people are selling, giving any shorts plenty of opportunity to exit their positions
Posted on 6/11/21 at 8:34 am to Bazzatcha
quote:Who here is buying today? I assume you are buying and not just encouraging others to, right?
Still not too late to jump in for big gains.
Posted on 6/11/21 at 8:39 am to Sasquatch2020
quote:
. many sources are saying the technical price of this stock is 1500-1900.
a dying business model that has been shuttered for a year after years of financial struggle should be trading at 33-40x current value.
sure thing bud
Posted on 6/11/21 at 8:51 am to WDE24
quote:I bought more yesterday.
Who here is buying today? I assume you are buying and not just encouraging others to, right?
Posted on 6/11/21 at 8:54 am to Thib-a-doe Tiger
quote:
a dying business model
What they need to do is take 1/2 the screens out and put in some sort of virtual golf/Surge type attraction in it.
Posted on 6/11/21 at 9:21 am to greygoose
quote:
I bought more yesterday.
what is your average pps?Posted on 6/11/21 at 9:32 am to WDE24
quote:10.55
what is your average pps?
Posted on 6/11/21 at 9:34 am to greygoose
Sold all shares I bought at 44 average yesterday this am for 44. Still have 500 at my 10.48 average I will keep as lotto tickets (or sell at $10.48). I need to do some DD. As I understand if price is over 40.01 on 6/18 there is a tsunami of calls that will need to cover which could springboard another run. Any help on this is appreciated.
This post was edited on 6/11/21 at 9:35 am
Posted on 6/11/21 at 9:37 am to ItNeverRains
quote:Very true. I read that the hedges have resorted to shorting ETFs that hold AMC, also. They are very desperate.
Sold all shares I bought at 44 average yesterday this am for 44. Still have 500 at my 10.48 average I will keep as lotto tickets (or sell at $10.48). I need to do some DD. As I understand if price is over 40.01 on 6/18 there is a tsunami of calls that will need to cover which could springboard another run. Any help on this is appreciated.
Posted on 6/11/21 at 9:37 am to NOLAGT
quote:
What they need to do is take 1/2 the screens out and put in some sort of virtual golf/Surge type attraction in it.
Maybe they will issue 500m more shares to pay for it?
Posted on 6/11/21 at 9:38 am to greygoose
quote:
10.55
I thought you said earlier in this thread your average was around $10.90. How, if it hasn't been below that for a while, and you're buying in the $40 range, could your cost basis go down?
This post was edited on 6/11/21 at 9:39 am
Posted on 6/11/21 at 9:39 am to ItNeverRains
107K in open interest for the 6/18 $40 calls.
Posted on 6/11/21 at 9:46 am to greygoose
10.55
Good place to be. What is your exit strategy?
Good place to be. What is your exit strategy?
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