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Message

re: Holding AMC Thread- Diamond hands unite

Posted on 5/26/21 at 2:36 pm to
Posted by greygoose
Member since Aug 2013
14323 posts
Posted on 5/26/21 at 2:36 pm to
quote:

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.

So, 3.2 million retail shareholders have been day trading this stock all week? Sold Monday, bought back in Tuesday, bought and sold again today? Ridiculous!
Posted by ItNeverRains
Offugeaux
Member since Oct 2007
28166 posts
Posted on 5/26/21 at 2:37 pm to
quote:

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


If you had to guess, of the 351.1M that’s traded today, retail was responsible for _____% ?
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
35851 posts
Posted on 5/26/21 at 2:41 pm to
quote:

NEVER


Your money, but I'd suggest you do what greygoose does and continue to preach hold to everyone but then sell some yourself.
Posted by greygoose
Member since Aug 2013
14323 posts
Posted on 5/26/21 at 2:48 pm to
quote:

CollegeFBRules


quote:

Posted on 4/1/21 at 11:35 am to greygoose


quote:

Brother, this stock isn’t going anywhere but down. You’ve got to start planning your exit. The product they offer is something people can do in their own homes. Movie buffs will still go to the theaters, but AMC and movie chains don’t have exclusive rights to big picture releases anymore.

Your expectations for what this stock is going to do is based on hopes and prayers at this point.




Check out this little gem I had bookmarked!

AMC closed at $9.36 on 4/1. I'm no math genius, but isn't that a 100% gain since then?

(Note to self: Do not take stock advice from CollegeFBRules. Also, steer clear of following Chitstain's example on buy puts.)
Posted by slackster
Houston
Member since Mar 2009
91362 posts
Posted on 5/26/21 at 2:50 pm to
quote:

So, 3.2 million retail shareholders have been day trading this stock all week? Sold Monday, bought back in Tuesday, bought and sold again today? Ridiculous!


Didn’t say that at all. Sure folks are holding, but you don’t get 682MM shares traded in the last 3 days without a shite ton of retail selling too.

Look at the volume for AMC in general - very light on down days and astronomical on up ones. Rinse and repeat. FOMO.
Posted by slackster
Houston
Member since Mar 2009
91362 posts
Posted on 5/26/21 at 2:51 pm to
quote:

AMC closed at $9.36 on 4/1. I'm no math genius, but isn't that a 100% gain since then?


*unrealized.
Posted by slackster
Houston
Member since Mar 2009
91362 posts
Posted on 5/26/21 at 2:53 pm to
quote:

If you had to guess, of the 351.1M that’s traded today, retail was responsible for _____% ?


Would be very difficult to put that kind of number on it, but logically there aren’t 680MM shares available over the last 3 days without a lot of retail profit taking happening. If they own the majority of the float, like they preach, then they’re doing the majority of the selling too.
Posted by greygoose
Member since Aug 2013
14323 posts
Posted on 5/26/21 at 2:57 pm to
Watch some big dick whale with a huge buy right at the bell!
Posted by Sasquatch2020
Member since Oct 2020
519 posts
Posted on 5/26/21 at 2:58 pm to
6/2/21 - this is a big day
Posted by AbitaFan08
Boston, MA
Member since Apr 2008
27902 posts
Posted on 5/26/21 at 3:05 pm to
quote:

6/2/21 - this is a big day


I hope you're right, but I wouldn't put much stock (pun not intended) into it. Just be happy with a 20% plus day today!
Posted by Sasquatch2020
Member since Oct 2020
519 posts
Posted on 5/26/21 at 3:16 pm to
the 6/2 share recount should expose all the naked shorts and synesthetic shares
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
35851 posts
Posted on 5/26/21 at 3:27 pm to
you guys and your share count and synthetic shares
This post was edited on 5/26/21 at 3:29 pm
Posted by ItNeverRains
Offugeaux
Member since Oct 2007
28166 posts
Posted on 5/26/21 at 3:28 pm to
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
35851 posts
Posted on 5/26/21 at 3:31 pm to
Do you all just blindly believe every post that supports your belief without questioning it? I think there's a name for that phenomena where you look for and only believe things that reinforce a hope or belief. Because my first thought reading that is, how does he know that?
Posted by slackster
Houston
Member since Mar 2009
91362 posts
Posted on 5/26/21 at 3:32 pm to
So AMC is going to $100, at a minimum, obviously, but shorts haven’t gotten the memo.
Posted by greygoose
Member since Aug 2013
14323 posts
Posted on 5/26/21 at 3:34 pm to
quote:

Would be very difficult to put that kind of number on it, but logically there aren’t 680MM shares available over the last 3 days without a lot of retail profit taking happening. If they own the majority of the float, like they preach, then they’re doing the majority of the selling too.
Do you follow Ortex? Might want to take a look.
Posted by elprez00
Hammond, LA
Member since Sep 2011
31325 posts
Posted on 5/26/21 at 3:35 pm to
quote:

Do you all just blindly believe every post that supports your belief without questioning it? I think there's a name for that phenomena where you look for and only believe things that reinforce a hope or belief. Because my first thought reading that is, how does he know that?

I mean he posted a tweet from ortex, a reputable company that does market modeling amongst other things. It’s not like he posted a tweet from a dude named poonpounder6969 saying “AMC TO DA MOON!!!!!!!!!!!!!”
Posted by greygoose
Member since Aug 2013
14323 posts
Posted on 5/26/21 at 3:36 pm to
quote:

So AMC is going to $100, at a minimum, obviously, but shorts haven’t gotten the memo.

It appears to be holding above 14.50 very nicely. So much for that prediction, huh?
Posted by slackster
Houston
Member since Mar 2009
91362 posts
Posted on 5/26/21 at 3:37 pm to
quote:

Do you follow Ortex? Might want to take a look.


Why don’t you fill me in on what I’m missing? Ortex knows who is selling?
Posted by greygoose
Member since Aug 2013
14323 posts
Posted on 5/26/21 at 3:39 pm to
quote:

I mean he posted a tweet from ortex, a reputable company that does market modeling amongst other things. It’s not like he posted a tweet from a dude named poonpounder6969 saying “AMC TO DA MOON!!!!!!!!!!!!!”
Chitstain really likes being wrong. He's an expert.
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