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re: Holding AMC Thread- Diamond hands unite

Posted on 5/26/21 at 11:12 am to
Posted by ItNeverRains
Offugeaux
Member since Oct 2007
28166 posts
Posted on 5/26/21 at 11:12 am to
I’ll keep a few hundred as lottery tickets. But it will be on house money
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
35851 posts
Posted on 5/26/21 at 11:12 am to
quote:

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


I'm not talking about a reddit guy. Give me an actual credible financial website link. I can't find one.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
35851 posts
Posted on 5/26/21 at 11:13 am to
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?


I don't know. And it sounds like none of you do either.
Posted by greygoose
Member since Aug 2013
14323 posts
Posted on 5/26/21 at 11:19 am to
quote:

I don't know. And it sounds like none of you do either.


I just gave you the answer, goober.

Now go google "Failure to Deliver"
This post was edited on 5/26/21 at 11:21 am
Posted by Dude20
Member since Oct 2020
570 posts
Posted on 5/26/21 at 11:27 am to
quote:

I'm not talking about a reddit guy. Give me an actual credible financial website link. I can't find one.


Check out BAM investor got realistic AMC info. The guy has been on the money. Predicts $100-$240 a share in the near future.

LINK
Posted by slackster
Houston
Member since Mar 2009
91362 posts
Posted on 5/26/21 at 11:28 am to
quote:

Almost as bad as the person who said he didn't see it hold $14.50 before crashing........oh wait.


I mean, I was right.

Fell 18% in 2 days after failing to hold that price.
Posted by greygoose
Member since Aug 2013
14323 posts
Posted on 5/26/21 at 11:32 am to
quote:

I mean, I was right.

Fell 18% in 2 days after failing to hold that price.



What's your thought on options that are expiring this Friday? Calls being execute, to be specific, in regards to available shares and subsequent price of said shares?
Posted by slackster
Houston
Member since Mar 2009
91362 posts
Posted on 5/26/21 at 11:46 am to
quote:

What's your thought on options that are expiring this Friday? Calls being execute, to be specific, in regards to available shares and subsequent price of said shares?



255MM shares have already changed hands today. Doesn’t seem like finding shares on the open market to cover a naked call is all that difficult.
Posted by greygoose
Member since Aug 2013
14323 posts
Posted on 5/26/21 at 11:58 am to
quote:

255MM shares have already changed hands today. Doesn’t seem like finding shares on the open market to cover a naked call is all that difficult.
450 outstanding shares, yet almost half have traded today alone. Do you think the true share count is the 450 million that the company has issued?
Posted by ItNeverRains
Offugeaux
Member since Oct 2007
28166 posts
Posted on 5/26/21 at 12:19 pm to
quote:

450 outstanding shares, yet almost half have traded today alone. Do you think the true share count is the 450 million that the company has issued?


This is why I am here

Edit 281M traded now

Edit 301M
This post was edited on 5/26/21 at 1:20 pm
Posted by Sasquatch2020
Member since Oct 2020
519 posts
Posted on 5/26/21 at 1:40 pm to
that is why you hold pass 500 or 1000. Shite does not add up when you actually fricking look at all the information and videos that have been digging into AMC

It doesnt add up
Posted by slackster
Houston
Member since Mar 2009
91362 posts
Posted on 5/26/21 at 1:54 pm to
quote:

450 outstanding shares, yet almost half have traded today alone. Do you think the true share count is the 450 million that the company has issued?


493MM actually, but to answer your question, I think it’s much more likely that retail is selling while telling people they’re holding than the idea that there is hundreds of millions of fake shares out there.
Posted by slackster
Houston
Member since Mar 2009
91362 posts
Posted on 5/26/21 at 2:09 pm to
quote:

that is why you hold pass 500 or 1000. Shite does not add up when you actually fricking look at all the information and videos that have been digging into AMC



Occam’s Razor - WSB and StockTwits diamond handers are full of shite.

Really think about this for a second - there are countless posts and videos by amateurs who have figured out AMC allegedly has hundreds of millions of synthetic shares and everyone is going to hold, yet hedge funds are supposedly going to get caught on the wrong side of this widely telegraphed plan? Hedge funds are cutthroat - if Reddit users and YouTubers can figure it out, surely the big boys know about it and will/have happily take the long side ahead of retail. Lastly, we’re supposed to believe that defending your stock from short sellers is as simple as asking for a shareholder vote? If that was the case shorting wouldn’t even happen.

In my opinion, the AMC to the moon narrative has far more unexplainable holes.
Posted by AbitaFan08
Boston, MA
Member since Apr 2008
27902 posts
Posted on 5/26/21 at 2:11 pm to
So what would you say the cause of this pretty significant jump over the last few days is?

Not trying to ask a trap question or anything, I'm genuinely curious.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
35851 posts
Posted on 5/26/21 at 2:12 pm to
quote:

the idea that there is hundreds of millions of fake shares out there.


BUT MUH SHARE COUNT!! (Which is something that apparently only happens on AMC.)
Posted by UltimaParadox
North Carolina
Member since Nov 2008
51544 posts
Posted on 5/26/21 at 2:13 pm to
quote:

So what would you say the cause of this pretty significant jump over the last few days is?


FOMO
Posted by AbitaFan08
Boston, MA
Member since Apr 2008
27902 posts
Posted on 5/26/21 at 2:15 pm to
quote:

FOMO


Hell if that's the case I'll happily take my current profits and move on.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
35851 posts
Posted on 5/26/21 at 2:26 pm to
Anyone should be. Question is, will you cash out?
Posted by ShootingsBricks4Life
Member since May 2017
2601 posts
Posted on 5/26/21 at 2:27 pm to
quote:

Anyone should be. Question is, will you cash out?



NEVER!
Posted by slackster
Houston
Member since Mar 2009
91362 posts
Posted on 5/26/21 at 2:31 pm to
quote:

So what would you say the cause of this pretty significant jump over the last few days is?


Might be some short covering, but I tend to think it’s FOMO for the meme stocks. GME is tracking very similarly this week, for example, and it’s now spilling into the other memes like BlackBerry.

Only one of those stocks has a “monumental” shareholder count June 2. The supposed catalyst for AMC shouldn’t be impacting GME or BB.
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