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Started By
Message
re: AMC, the stock of the retail investor, possibly involved with insider trading in Hycroft
Posted on 3/22/22 at 5:47 pm to Buck_Rogers
Posted on 3/22/22 at 5:47 pm to Buck_Rogers
Well look at that. Over $20 after hours. You chumps could've had a 35% gain but instead down voted this.
Rarely do I ever make a price prediction, but I was dead on when I told you to buy at $15. Downvote all you want. It doesn't make you any smarter.
quote:
If you look at the chart pattern in the months before the January 2021 spike, you will see a very similar pattern forming now. The price continued to drop, a small spike followed, then an M shape pattern formed with a lower low; then it shot up. It looks like it's at the lower end of the M pattern again. I'd screen shot it, but I don't know how to post pics, nor care to know. We'll see though.
ETA: Changed to 2021
Volume is also about the same for that timeline. So, here's your chance.
Rarely do I ever make a price prediction, but I was dead on when I told you to buy at $15. Downvote all you want. It doesn't make you any smarter.
3
Posted on 3/22/22 at 5:51 pm to Buck_Rogers
Congrats did you sell your remaining shares?
Posted on 3/22/22 at 6:40 pm to UltimaParadox
Not yet, but I figured the replies would be you should sell now. Haven't sold before at $20 so why would I now?
Posted on 3/23/22 at 9:22 am to Buck_Rogers
quote:Good call on this. The dissonance in calling us chumps for not buying at $15 and selling at $20 is interesting considering you could have sold at $70 for 500% gain.
Well look at that. Over $20 after hours. You chumps could've had a 35% gain but instead down voted this.
This post was edited on 3/23/22 at 9:23 am
Posted on 3/23/22 at 9:29 am to Buck_Rogers
quote:
Not yet, but I figured the replies would be you should sell now. Haven't sold before at $20 so why would I now?
What is your price point then?
Posted on 3/23/22 at 10:16 am to WDE24
The dissonance is the chumps saying this would hit $10 before $20, but still insisting they're right without putting their money where their mouth is. On the day I said was a good chance to get in, I put my money where my mouth was and bought call options that are now in the money. I didn't see anyone mention they would buy puts that day, even though they were sure it would go to $10.
Posted on 3/23/22 at 11:28 am to Buck_Rogers
So was Greyparrot a chump for saying it was going to get to $100 before $20 (when it was around $40?)
And forgive us for not jumping into a meme stock when a pumper says "you guys should get into this" with no explanation for why other than some recycled conspiracy theories. Not how most of us invest here. And there has been no news or any fundamental change to explain the last few days.
Good to hear you're staying with it though. This thread would be boring if you sold out of it.
What price, expiry, and how much did you pay for each contract?
And forgive us for not jumping into a meme stock when a pumper says "you guys should get into this" with no explanation for why other than some recycled conspiracy theories. Not how most of us invest here. And there has been no news or any fundamental change to explain the last few days.
Good to hear you're staying with it though. This thread would be boring if you sold out of it.
quote:
I put my money where my mouth was and bought call options that are now in the money.
What price, expiry, and how much did you pay for each contract?
This post was edited on 3/23/22 at 11:30 am
Posted on 3/23/22 at 11:29 am to Buck_Rogers
quote:
Well look at that. Over $20 after hours. You chumps could've had a 35% gain but instead down voted this.
quote:
Rarely do I ever make a price prediction, but I was dead on when I told you to buy at $15. Downvote all you want. It doesn't make you any smarter.
Who could have predicted that Ryan Cohen would buy more GameStop and AMC would go up 30% on the news?
Would you care to point me in the direction of that thesis?
Posted on 3/23/22 at 11:44 am to Chucktown_Badger
quote:
What price, expiry, and how much did you pay for each contract?
$17 calls that expire 4/8 for $1.68 per contract.
quote:
with no explanation for why other than some recycled conspiracy theories
Not quite my friend. When I said it was your chance to get in was when I said the same pattern that formed before the January 2021 spike had just formed again. Good try again though. Maybe you will get it one day.
Posted on 3/23/22 at 11:49 am to slackster
quote:
Who could have predicted that Ryan Cohen would buy more GameStop and AMC would go up 30% on the news? Would you care to point me in the direction of that thesis?
Y’all are talking two different languages: fundamentals vs TA
Fundamentals would argue the point you made slack
TA would argue it’s all chart and technical indicators
In reality it’s a combination of both: the technicals were lining up for a potential strong move upwards. Conditions were very favorable essentially. Then news in a sympathy play (GME) was the catalyst to unleash the favorable conditions and drive the price up quickly.
Now the only question is: was the news random, or did Cohen time his stock purchase for favorable conditions? Note that as sympathy plays, GME and AMC were in comparable conditions. Was Cohen timing his buy for favorable conditions to propel the stock? My belief is yes, and there’s a lot of discussion of whether CEOs and company executives time catalysts with favorable conditions. I think some do and some don’t, but Cohen clearly gets this stuff and is using it in his favor
All this said, I still believe the average intelligence of most AMC “investors” is extremely low and they’re either getting lucky or parroting the few good investors in their midst
This post was edited on 3/23/22 at 11:52 am
Posted on 3/23/22 at 12:10 pm to Upperdecker
quote:
All this said, I still believe the average intelligence of most AMC “investors” is extremely low and they’re either getting lucky or parroting the few good investors in their midst
And the smart investors see the opportunity for making money off of this, while other "investors" with an extremely low IQ only know how to play the fundamentals and are incapable of looking outside the box.
This post was edited on 3/23/22 at 12:11 pm
Posted on 3/23/22 at 12:28 pm to CajunTiger78
quote:
Honestly is there any doubt we see AMC swing up to $20 within the next few weeks, if not days? This if anything is a great swing play as is DWAC.
Not trying to say "I told you so"....but
Posted on 3/23/22 at 12:34 pm to CajunTiger78
You did. Good call.
Posted on 3/23/22 at 12:55 pm to Upperdecker
quote:
Was Cohen timing his buy for favorable conditions to propel the stock?
Wait, are you suggesting that Cohen timed his additional investment in GME to help propel a move in AMC?
Posted on 3/23/22 at 1:32 pm to Chucktown_Badger
quote:
Wait, are you suggesting that Cohen timed his additional investment in GME to help propel a move in AMC?
Did you read the rest of my post? Clearly indicated that was about GME. And AMC is a sympathy play to GME
Posted on 3/23/22 at 1:47 pm to Upperdecker
quote:
Did you read the rest of my post? Clearly indicated that was about GME. And AMC is a sympathy play to GME
I did.
I find it interesting/entertaining how news for one moves the other, when they're completely unrelated companies aside from both being in poor condition and memes.
Posted on 3/23/22 at 2:24 pm to Buck_Rogers
quote:
And the smart investors see the opportunity for making money off of this, while other "investors" with an extremely low IQ only know how to play the fundamentals and are incapable of looking outside the box.
, beating your chest about the original run last year is one thing, but this current swing is 100% luck. Ryan Cohen news sent the apes and the algos on a buying spree, and, like last time, most of the apes are too stupid to take advantage of it. At least CajunTiger knows not to look a gift horse in the mouth when he gets lucky.
Posted on 3/23/22 at 3:59 pm to slackster
quote:
this current swing is 100% luck
Whatever you say. You don't think Cohen buying in at that point was for a reason? I guess he was smart for buying in, but the rest of us were dumb? I guess it's just a conspiracy theory that the SEC's period for comments on proposed rules closed the day before these started running and the cost to borrow increased. Nah, that has nothing to do with it. That's just conspiracy talk.
This post was edited on 3/23/22 at 4:01 pm
Posted on 3/23/22 at 8:28 pm to Buck_Rogers
quote:
Whatever you say. You don't think Cohen buying in at that point was for a reason? I guess he was smart for buying in, but the rest of us were dumb? I guess it's just a conspiracy theory that the SEC's period for comments on proposed rules closed the day before these started running and the cost to borrow increased. Nah, that has nothing to do with it. That's just conspiracy talk.
Dear Lord man.
Cohen bought GameStop. Amc bought a bankrupt-stricken mining company.
I’d tell you congrats on the profits, but people like you will walk away with just as much if not less than they have invested when the dust settles.
This post was edited on 3/23/22 at 8:30 pm
Posted on 3/23/22 at 8:56 pm to slackster
quote:
I’d tell you congrats on the profits, but people like you will walk away with just as much if not less than they have invested when the dust settles.
As long as I sell my call options while the price is over $17, there is no way that this could turn into a net loss or even me just walking away with only what I invested. It's "people like you" that can not wrap your head around this fact. It's people like me that took the opportunity to make an initial investment and turn it into a risk neutral investment. When I stated that I had a 57% gain at the time, you said to let you know when the next one comes up. Well, I did. You still had your blinders on, and now you're making excuses again. The numbers don't lie. Down votes and up votes don't tell the story. The reality is that the smart ones made money and/or are making money on this. The ones too dumb to see this are just as dumb as the ones who will hold thinking shares will hit $100k.
ETA:
quote:
Amc bought a bankrupt-stricken mining company
That's a drop in a bucket. Do you really think that has anything to do with what's happening right now?
This post was edited on 3/23/22 at 10:01 pm
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