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Started By
Message
re: Holding AMC Thread- Diamond hands unite
Posted on 5/26/21 at 6:44 am to CajunTiger78
Posted on 5/26/21 at 6:44 am to CajunTiger78
quote:
Up big premarket! Over 17.50!
Any predictions on where we end at today?
I got in on this with a couple hundred shares just under $10. I know this isn't an investment - more like a bet or gamble but I'm in for the ride.
As others have said, minimal loss with huge potential.
2
Posted on 5/26/21 at 6:55 am to cdaniel76
quote:FOMO is definitely kicking in. But, with that said, don't be surprised if Citadel and other hedges throw the kitchen sink at it, in an attempt to lower the price and get weak hands to sell off. I still say we see $20 by Friday, and after that happens LOOK OUT. It will go parabolic. I could sell right now and walk away with a 67% gain, but I fully expect to see 1000% in the fairly near future.
Any predictions on where we end at today?
I got in on this with a couple hundred shares just under $10. I know this isn't an investment - more like a bet or gamble but I'm in for the ride.
As others have said, minimal loss with huge potential.
Posted on 5/26/21 at 7:00 am to greygoose
quote:
You too, could have average down, picking up shares on the cheap, and staring at a 1000% return on the horizon.
This. I’m still holding couple thousand shares DCA just over $7. I’m not going into stratosphere with the 10k number but this thing could easily see triple digits as high as 400-500/share if data for squeeze is accurate.
There is a very small chance a very small investment can knock 10 years off my retiring age. So I’m taking it.
Posted on 5/26/21 at 7:15 am to ItNeverRains
quote:
There is a very small chance a very small investment can knock 10 years off my retiring age. So I’m taking it.
But you have to sell. Therein lies the rub. GL.
Posted on 5/26/21 at 7:20 am to slackster
quote:Wait! Are you saying there is a difference between realized gains and unrealized gains?
But you have to sell. Therein lies the rub. GL.
Posted on 5/26/21 at 7:22 am to cdaniel76
It’s a little suspect that all the meme stocks are taking off together again. Volume the last couple days has been massive. Makes me think a lot of “diamond hands” are already selling to other retailers. If everyone was hodling then you wouldn’t be able to pick up 200MM shares of AMC yesterday for sub $16.
My sincerest word of caution to those on here who are going to put their faith in their random neighbor to hold the line - don’t do it. If you get to your number, take your profits and don’t worry about it. Nearly everyone in this thread seems to understand AMC isn’t a long term investment, so don’t get caught on the wrong side, whenever that happens.
My sincerest word of caution to those on here who are going to put their faith in their random neighbor to hold the line - don’t do it. If you get to your number, take your profits and don’t worry about it. Nearly everyone in this thread seems to understand AMC isn’t a long term investment, so don’t get caught on the wrong side, whenever that happens.
Posted on 5/26/21 at 7:25 am to greygoose
quote:
Wait! Are you saying there is a difference between realized gains and unrealized gains?
I’m trying to help people actually keep their money.
Have a plan. The majority of stuff you’re going to read wants you to hold, but it’s not for the good of the group if you can’t ever unwind the investment.
Posted on 5/26/21 at 7:32 am to slackster
quote:You should buy some puts! I mean, if this is really what you think, then the price is going to drop, right? Why don't you make some money on your instincts then?
Makes me think a lot of “diamond hands” are already selling to other retailers.
Posted on 5/26/21 at 7:42 am to greygoose
quote:
You should buy some puts! I mean, if this is really what you think, then the price is going to drop, right? Why don't you make some money on your instincts then?
Sigh. I’ve explained at length why the risk/reward of that bet is simply not favorable.
Within the year this is a $10 stock again. Bookmark it. Doesn’t mean I can easily make money on it.
Posted on 5/26/21 at 7:48 am to slackster
quote:You are watering down the strategy. It's not "hold forever". It's hold and create a massive squeeze! No one anywhere is suggesting that people hold forever.
The majority of stuff you’re going to read wants you to hold, but it’s not for the good of the group if you can’t ever unwind the investment.
Posted on 5/26/21 at 7:49 am to greygoose
quote:
You are watering down the strategy. It's not "hold forever". It's hold and create a massive squeeze! No one anywhere is suggesting that people hold forever.
You’ve linked a video in this thread that says to hold through $1k that way you can get $100k. Come on man.
Posted on 5/26/21 at 7:51 am to slackster
quote:
Have a plan. The majority of stuff you’re going to read wants you to hold, but it’s not for the good of the group if you can’t ever unwind the investment.
If I’ve led anyone to believe I’m in this for anyone but me, I sincerely apologize.
Posted on 5/26/21 at 7:53 am to slackster
quote:I have a hard time following your logic. You think the price will crash. I think the price will increase exponentially. I placed a large amount of money in my belief, in order to see a very large gain in my investment.
Sigh. I’ve explained at length why the risk/reward of that bet is simply not favorable.
Within the year this is a $10 stock again. Bookmark it. Doesn’t mean I can easily make money on it.
You type words on a sports sub-forum.
If you really believe the price of AMC will go down from this point, why not make some money? Something tells me you don't really believe that, though.
Posted on 5/26/21 at 7:53 am to ItNeverRains
quote:
If I’ve led anyone to believe I’m in this for anyone but me, I sincerely apologize.
, no, was just piggy backing off your comment. 
Posted on 5/26/21 at 7:54 am to slackster
fully expect a drop by Friday or Monday - trying to shake out the weak hands
June 2nd - # of shares is revealed
after that, we moon at some point... How high? I think people realize we need to hold to get 10K+, they want to take down HFs and WS after what they did in 2008, this is a once in a lifetime opp and people realize that since we own the float!
we are holding a lottery ticket i think
June 2nd - # of shares is revealed
after that, we moon at some point... How high? I think people realize we need to hold to get 10K+, they want to take down HFs and WS after what they did in 2008, this is a once in a lifetime opp and people realize that since we own the float!
we are holding a lottery ticket i think
Posted on 5/26/21 at 7:57 am to greygoose
quote:
I have a hard time following your logic. You think the price will crash. I think the price will increase exponentially. I placed a large amount of money in my belief, in order to see a very large gain in my investment.
I think AMC is a $10 stock, at best, in the next year.
Explain to me how I can make money on that without unlimited risk? Look at the price of July 2022 puts. $10 puts don’t break even until $6.50.
It is inherently easier to be long something than it is to be short something like this. You had a limited risk and unlimited upside. The math doesn’t work that way to go short.
Surely you’re smart enough to understand this.
Posted on 5/26/21 at 7:57 am to slackster
quote:You got me! I posted a link from a guy with an opinion, and he stated his reasoning behind that opinion. Show me where I said anyone should hold until it hits a certain price.
You’ve linked a video in this thread that says to hold through $1k that way you can get $100k. Come on man.
I can look at the weather forecast and post you might want to grab an umbrella on the way out the door, because that's what I plan on doing, but the decision is ultimately yours.
Posted on 5/26/21 at 7:58 am to Sasquatch2020
Yeah the fake bot accounts popping saying squeeze will end Friday so sell are insane. They know all shares held in US & Canada will be counted in June 2nd. Too much FUD not to hold.
Posted on 5/26/21 at 8:00 am to ItNeverRains
quote:
They know all shares held in US & Canada will be counted in June 2nd.
They won’t be released for a while though. Keep that in mind. Might be able to sell the rumor and buy back after people get impatient.
Posted on 5/26/21 at 8:00 am to Sasquatch2020
quote:Historically, Fridays are the day the price drops. From weak hands/traders not wanting to hold over the weekend, to hedges doing everything they can to get the price down below their options strike price. Mondays are usually very good for this stock, though.
fully expect a drop by Friday
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