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re: Holding AMC Thread- Diamond hands unite

Posted on 6/1/21 at 9:40 am to
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
35843 posts
Posted on 6/1/21 at 9:40 am to
quote:

We just need Chitstain to jump in and post now, and we will hit the naysayer trifecta before 9am!!




Back from vacation fellas. What'd I miss?
I do find it entertaining hot how the apes cheer continued dilution of their holdings
This post was edited on 6/1/21 at 9:41 am
Posted by greygoose
Member since Aug 2013
14320 posts
Posted on 6/1/21 at 9:53 am to
quote:

And, fundamentally, I was correct then, and I’m correct now. This isn’t investing, and pretending it is is a disservice to anyone blindly following your advice.



It doesn't matter if it's real estate, a car, gun, or a stock. If you buy it to sell, that is investing. Your advice and prediction to get out at $9, because it was just going down from there, was ludicrous, at best.

Some sold on Friday at $26, and I'm sure they are overall happy with whatever profit they made, even though it's up another 12% as I type this. Other's will probably sell today around $30, and make a little money. But as for myself, I see this going much, much higher. Sooner or later, the shorts are going to have to start covering. The catalysts are in place, and the writing is on the wall. If you are happy with peanuts, more power to you.
Posted by CollegeFBRules
Member since Oct 2008
25365 posts
Posted on 6/1/21 at 9:59 am to
quote:

I do find it entertaining hot how the apes cheer continued dilution of their holdings


You shut your mouth. This is going to be a trillion dollar company by the end of the month.
This post was edited on 6/1/21 at 10:00 am
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 6/1/21 at 10:00 am to
you've said yourself that this is a short term play and you're exiting at a certain price point.

are you holding AMC for the next 3-5 years? I find that very doubtful

I sold at 31.20 this am and it's looking good so far.. let us know when you exit

Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
35843 posts
Posted on 6/1/21 at 10:01 am to
quote:

But as for myself, I see this going much, much higher. Sooner or later, the shorts are going to have to start covering. The catalysts are in place, and the writing is on the wall. If you are happy with peanuts, more power to you.


Then why did you boast about selling a number of times many pages ago in this thread? Did you not think it could go much much higher then?
Posted by greygoose
Member since Aug 2013
14320 posts
Posted on 6/1/21 at 10:08 am to
quote:

you've said yourself that this is a short term play and you're exiting at a certain price point.

Yes, this is a short-term play and is predicated on the short squeeze. The key word is "when". This has been set up very nicely and we are on the cusp of seeing it. The share count, the multiple new DTCC rules, and FOMO have this primed for an explosion in price.

Remember just a few weeks ago, you had the same old crowd, poo-pooing this stock at $10. There message hasn't changed, but boy has the stock price!
Posted by slackster
Houston
Member since Mar 2009
91362 posts
Posted on 6/1/21 at 10:11 am to
quote:

Sooner or later, the shorts are going to have to start covering.


The good news for shorts is that liquidity is incredible. The bad news is that they’ve got millions in paper losses at the moment.

This week ought to be interesting. When June 2nd comes and goes, the patience of the retail investor will be something to watch.

Eta- meant billions in paper losses for shorts right now. Must have fat fingered it.
This post was edited on 6/1/21 at 11:01 am
Posted by greygoose
Member since Aug 2013
14320 posts
Posted on 6/1/21 at 10:14 am to
quote:

Then why did you boast about selling a number of times many pages ago in this thread? Did you not think it could go much much higher then?
Boast? Wow, we really have a definite definition of that word. I simply stated that I sold some of my shares, as a matter of being honest about my holding. As far as why I sold some, it had nothing to do with my prior convictions towards my belief in the stock price. I just needed to free up some capital at the time. BTW, I bought another 500 shares last week.
Posted by slackster
Houston
Member since Mar 2009
91362 posts
Posted on 6/1/21 at 10:14 am to
quote:

Remember just a few weeks ago, you had the same old crowd, poo-pooing this stock at $10. There message hasn't changed, but boy has the stock price!


There is obviously some back and forth in these threads, but I tend to believe the majority of “bears” have been long-term bearish. Alternatively, the longs seem to be short-term bullish. Both are probably going to be correct.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
35843 posts
Posted on 6/1/21 at 10:16 am to
So the people tooting loudest about the squeeze are the ones like you, who are preventing it by selling.
Posted by greygoose
Member since Aug 2013
14320 posts
Posted on 6/1/21 at 10:17 am to
quote:

The bad news is that they’ve got millions in paper losses at the moment.

Millions? Try BILLIONS!
Posted by greygoose
Member since Aug 2013
14320 posts
Posted on 6/1/21 at 10:25 am to
quote:

There is obviously some back and forth in these threads, but I tend to believe the majority of “bears” have been long-term bearish. Alternatively, the longs seem to be short-term bullish. Both are probably going to be correct.
Like Chitstain and his $7.50 puts?
Posted by greygoose
Member since Aug 2013
14320 posts
Posted on 6/1/21 at 10:27 am to
quote:

So the people tooting loudest about the squeeze are the ones like you, who are preventing it by selling.
Load up on those puts again! Did you skip a shrimp cocktail, or two, while you were on vacation so that you could scrap up some money for another short position?
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
35843 posts
Posted on 6/1/21 at 10:36 am to
Your infatuation with a $175 put I bought tells me all I need to know about how full of shite you are on your holdings and activity
Posted by greygoose
Member since Aug 2013
14320 posts
Posted on 6/1/21 at 10:42 am to
quote:

Your infatuation with a $175 put I bought tells me all I need to know about how full of shite you are on your holdings and activity

Wait! Now it was $175? I'm pretty sure you originally said $75. Which kinda makes sense, considering 10 contracts at $7.50 is $75.

Either way, we disagree on this investment. You lost money, I made money.

Get your story straight, before spewing more nonsense.
Posted by slackster
Houston
Member since Mar 2009
91362 posts
Posted on 6/1/21 at 11:02 am to
quote:

Millions? Try BILLIONS!


Yeah I meant billions. I assume it autocorrected if I hit “n” instead of “b”.

That, or maybe Apple is working with the shorts.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
35843 posts
Posted on 6/1/21 at 11:02 am to
quote:

Wait! Now it was $175? I'm pretty sure you originally said $75. Which kinda makes sense, considering 10 contracts at $7.50 is $75.

Either way, we disagree on this investment. You lost money, I made money.

Get your story straight, before spewing more nonsense.


Tell me you don't understand options pricing without telling me you don't understand options pricing
Posted by FLObserver
Jacksonville
Member since Nov 2005
15831 posts
Posted on 6/1/21 at 11:26 am to
have a savvy finance friend that has watched this from the beginning and said if this can continue at least sideways for at least a week or two then this thing can run some more. Hope so i bought late
Posted by yodaddyroberto
Member since Oct 2012
446 posts
Posted on 6/1/21 at 11:42 am to
Just topped $33
Posted by Atttaboy
Atlanta, GA
Member since Aug 2014
349 posts
Posted on 6/1/21 at 12:15 pm to
I got in for 200 shares at $7.50/ share. I sold 50 shares last week at $27.50 and another 100 shares this morning at $30.

I’ll let the last 50 shares ride a bit to see if there’s a bigger pop.

Too bad my timing in buying BB, NOK, PLTR, and a couple of others have been more about buying too late and now praying for a return to break-even!
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