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re: Holding AMC Thread- Diamond hands unite
Posted on 5/26/21 at 9:26 am to greygoose
Posted on 5/26/21 at 9:26 am to greygoose
quote:
You seem to forget the psychological aspect. If FOMO is running, then gets killed thru nefarious means, a lot of people take profits and run. This was unprecedented. No one knew what else they had up their sleeve. If I can't buy and can only sell, and the hedges that need to cover can buy. What do you think happens to the price?
It goes up? You removed the buyers that weren’t trying to cover and the price dropped incredibly. That’s my evidence the squeeze was over. Retail was propping up the price with one another, not the hedge covering at that point.
quote:
You do know an analyst placed a $0.01 price target on AMC, right? Do you think he really believes that, or was getting paid to say that?
Probably both, honestly. I’ve seen his logic and it’s sound. What he’s not counting on is irrational retail buying.
It’s no different than Tesla in that respect. Being short Tesla was the right call, but irrational retail support of the stock allowed them to avoid their debt cliff and make it out.
I concede that this is relatively uncharted territory too, but the idea that it’s retail v hedges is incorrect imo. It’s retail v retail v hedges, and the higher it goes the more it becomes about retail v retail.
2
Posted on 5/26/21 at 9:28 am to slackster
Can someone reconcile these massive volumes with the retail is holding narrative? Serious question. 25% of the outstanding shares have already traded in the first hour.
Posted on 5/26/21 at 9:29 am to slackster
quote:
110MM shares already. Who the hell is selling guys?????
Curious to know this answer.
Posted on 5/26/21 at 9:31 am to Chucktown_Badger
quote:
Curious to know this answer.
I’d be much more inclined to believe the narrative if the stock was going up on light/normal volume, or it was up like 100% on this volume, but finding 135MM shares to buy sub $20 is peculiar.
Posted on 5/26/21 at 9:33 am to slackster
quote:You seem to be forgetting about all those synthetic shares. Again..........Do you really think the entire float has been traded this week and it's only early Wednesday?
Can someone reconcile these massive volumes with the retail is holding narrative? Serious question. 25% of the outstanding shares have already traded in the first hour.
Retail is buying up everything!
Posted on 5/26/21 at 9:33 am to slackster
quote:
finding 135MM shares to buy sub $20 is peculiar.
Those are the fake shares
Posted on 5/26/21 at 9:37 am to greygoose
quote:
You seem to be forgetting about all those synthetic shares. Again..........Do you really think the entire float has been traded this week and it's only early Wednesday?
Retail is buying up everything!
Who are they buying it from?
Posted on 5/26/21 at 9:38 am to MusclesofBrussels
quote:
Those are the fake shares
Posted on 5/26/21 at 9:40 am to slackster
quote:At this point, I'm starting to think you are just screwing with me. Hedges like Citadel and Melvin collaborated with brokers like Robinhood, to stop retail from buying, but they could sell as much as they wanted. Hedges had no restrictions. They killed FOMO, instilled panic, drove the price down while picking up shares they needed to get get out of a very disastrous situation.
It goes up? You removed the buyers that weren’t trying to cover and the price dropped incredibly.
If I have to cover my short position, and FOMO is increasing the price by the minute, it is in my best intrest to do all that I can to decrease the price.
Posted on 5/26/21 at 9:52 am to MusclesofBrussels
quote:
Those are the fake shares
Please explain exactly what these are and how they're created.
This post was edited on 5/26/21 at 9:53 am
Posted on 5/26/21 at 10:03 am to greygoose
quote:
At this point, I'm starting to think you are just screwing with me. Hedges like Citadel and Melvin collaborated with brokers like Robinhood, to stop retail from buying, but they could sell as much as they wanted. Hedges had no restrictions. They killed FOMO, instilled panic, drove the price down while picking up shares they needed to get get out of a very disastrous situation.
If I have to cover my short position, and FOMO is increasing the price by the minute, it is in my best intrest to do all that I can to decrease the price.
So we do agree that the price was going up due to retail buying, not due to hedges covering. Glad we got that out of the way.
Posted on 5/26/21 at 10:12 am to slackster
quote:It was both. FOMO combined with hedges slowly starting to cover. They killed FOMO, drove the price down, and slowly bought.
So we do agree that the price was going up due to retail buying, not due to hedges covering. Glad we got that out of the way.
Posted on 5/26/21 at 10:19 am to Chucktown_Badger
i can link a video of Lou vs wall street but if you have never watched his videos you will probably just be like wtf because of how he talks and shite
Posted on 5/26/21 at 10:19 am to Chucktown_Badger
quote:Hooray! Chitstain has entered the conversation! Price is definitely going to the moon now!
Chitown_Badger
quote:Do you know how a short position comes into existence? A real share has to be borrowed. What if there isn't a real share to borrow?
Please explain exactly what these are and how they're created.
Posted on 5/26/21 at 10:22 am to Chucktown_Badger
quote:Thanks for posting! Price just went over $19! I think one of the first things I'm going to buy with my AMC returns, is a turd keychain with Chitstain engraved on it. Way better than a lucky rabbit's foot!
Chitown_Badger
Posted on 5/26/21 at 10:24 am to Sasquatch2020
quote:Chitstain sits back, reading the user names only, then downvoting. Occasionally he pipes in with something dumb to say, like buying $7.50 puts.
Sasquatch2020
Posted on 5/26/21 at 10:46 am to slackster
quote:
slackster
Look, I don't claim to know much about this stuff. In fact I'm pretty transparent about the fact that I have a lot to learn.
But this has gone from 12.38 to over 19 in a two day period. In no way am I saying this is sustainable or that it's "going to the moon", but the rise has been consistent. Not a bad place to hold some shares right now. That's all I'm saying.
Posted on 5/26/21 at 10:57 am to AbitaFan08
quote:
Look, I don't claim to know much about this stuff. In fact I'm pretty transparent about the fact that I have a lot to learn.
But this has gone from 12.38 to over 19 in a two day period. In no way am I saying this is sustainable or that it's "going to the moon", but the rise has been consistent. Not a bad place to hold some shares right now. That's all I'm saying.
As long as you’re aware you should be fine. The folks that hold all the way up and then down while waiting for $10,000 need their head examined.
Hell, many think a rise to $1,000 is just a start.
Posted on 5/26/21 at 10:59 am to slackster
quote:Almost as bad as the person who said he didn't see it hold $14.50 before crashing........oh wait.
As long as you’re aware you should be fine. The folks that hold all the way up and then down while waiting for $10,000 need their head examined.
Hell, many think a rise to $1,000 is just a start.
Posted on 5/26/21 at 11:09 am to slackster
i will straight up admit I am going to be the guy. I dont care if i see 500 or 1000.
if i see 500 then 1000... lets me know people arent selling and are truly holding for the once in a lifetime play.
I can totally live with myself if it hit 1000 and i never sold and it never got that high again and i end up selling at 200 a share.
I couldnt live with myself if i bought into the 100K movement and believed in it like i do and sold at 500 or 1000 and it indeed popped to the moon and i didnt sell in the moon trajectory squeeze. I get on the ape platforms and the message is strong. Its fascinating like i have been saying. the belief is real.
if i see 500 then 1000... lets me know people arent selling and are truly holding for the once in a lifetime play.
I can totally live with myself if it hit 1000 and i never sold and it never got that high again and i end up selling at 200 a share.
I couldnt live with myself if i bought into the 100K movement and believed in it like i do and sold at 500 or 1000 and it indeed popped to the moon and i didnt sell in the moon trajectory squeeze. I get on the ape platforms and the message is strong. Its fascinating like i have been saying. the belief is real.
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