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Started By
Message
re: Holding AMC Thread- Diamond hands unite
Posted on 6/2/21 at 7:56 am to slackster
Posted on 6/2/21 at 7:56 am to slackster
quote:LOL! I've been saying the same thing since January! I offer my opinion on what I think will happen, and why.
Take greygoose, for example. The majority of his posts are factually incorrect and/or incredibly misleading, but the stock has gone up for a week and a half now. For people following his comments, that’s an important distinction to make. We all know this stock will violently unwind just as it’s violently appreciated, so being as educated as possible about what’s going on is important.
quote:Cherry pick much? Seems like you just choose to interpret things out of context. Without going back and finding my post, essentially I was saying you had to be in BEFORE 6/2! Market was closed 6/1, so the last day was 5/28! I never said 6/2 was the day the share count would be released.
His comments about this shareholder vote are a great example - Friday was the last day to buy the stock and be a shareholder of record by June 2nd, for starters. The vote results will not be shared for a long time, but he’s pegged 6/2 as this do or die date. It’s important to note that misleading information he’s sharing is being shared by many, so many longs are going to be confused when the facts work out differently.
3
Posted on 6/2/21 at 7:59 am to greygoose
quote:
Seems like you just choose to interpret things out of context. Without going back and finding my post, essentially I was saying you had to be in BEFORE 6/2! Market was closed 6/1, so the last day was 5/28! I never said 6/2 was the day the share count would be released.
I’m not sure how I could have misunderstood this comment from last night
: quote:
Nah, tomorrow is the cut off for AMC stockholders to be in the game for the ability to vote. Official share count starts tomorrow. About to expose about a billion synthetic shares. Wonder why the price jumped in afterhours today? There's your answer!
This post was edited on 6/2/21 at 8:00 am
Posted on 6/2/21 at 8:03 am to slackster
quote:You seemed to forget about his 3D chess move! Floating the idea of dropping another 500 million shares into the market, hedges going deeper in their short positions, then pulling the rug out from under them by pulling the offering.
Yeah Adam Aron is my hero. Dude had played this so incredibly well. There is only so much you can say in situations like this due to SEC regulations and whatnot, but he’s tiptoed around this masterfully.
Posted on 6/2/21 at 8:04 am to greygoose
For you cowboys who rode this bronco from single digits to now, I have to take my hat off to you. Sweet run for you! 
P.S. Glad as heck that I didn’t go short those 40 calls or put on a strangle!
P.S. Glad as heck that I didn’t go short those 40 calls or put on a strangle!
Posted on 6/2/21 at 8:08 am to slackster
quote:I'm not sure either, but you did. Reaching, really reaching with that one.
I’m not sure how I could have misunderstood this comment from last night
Posted on 6/2/21 at 8:09 am to greygoose
quote:
You seemed to forget about his 3D chess move! Floating the idea of dropping another 500 million shares into the market, hedges going deeper in their short positions, then pulling the rug out from under them by pulling the offering.
Yeah don’t think that was his point - he simply read the tea leaves that it would have failed. His biggest problem is that current holders are not interested in what’s best for AMC long term, so he’s got to milk everything he can from them now. He’s done that pretty masterfully IMO.
Posted on 6/2/21 at 8:10 am to greygoose
quote:
I'm not sure either, but you did. Reaching, really reaching with that one.
, yeah, let’s just ignore the incorrect statement out of the gate. Posted on 6/2/21 at 8:14 am to slackster
quote:You are starting to make me miss my buddy, Chitstain.
, yeah, let’s just ignore the incorrect statement out of the gate.
Did you see that the short interest borrow rate for AMC has gone up again? Currently sitting at 10.4%.
Posted on 6/2/21 at 8:16 am to slackster
Black Berry ripping in premarket again today. Would prefer to see the meme stock buyers focus on one stock at a time to drive demand. It’s going to likely take more and more money each day to keep this up and force the issue. The volumes have been so massive that there is clearly a lot of willing sellers each day.
Posted on 6/2/21 at 8:20 am to greygoose
quote:
Did you see that the short interest borrow rate for AMC has gone up again? Currently sitting at 10.4%.
Seeing that on iborrowdesk. Makes sense. Shorting at these levels is actually pretty lucrative, if you can stay liquid, but the availability is slim. A higher rate is understandable as the price climbs and supply is limited.
Posted on 6/2/21 at 8:22 am to slackster
quote:
Black Berry ripping in premarket again today. Would prefer to see the meme stock buyers focus on one stock at a time to drive demand. It’s going to likely take more and more money each day to keep this up and force the issue. The volumes have been so massive that there is clearly a lot of willing sellers each day.
Some of us know better than to buy in high. The experienced traders are going into BB now, expecting bigger movement later on like AMC. The inexperienced investors are piling into AMC now and will realize smaller gains or large losses
Posted on 6/2/21 at 8:27 am to slackster
quote:Ortex has the shorts losing $1 Billion yesterday alone, and now the borrow rate is going up. How long can they keep from covering, all the while, FOMO is in place.
Seeing that on iborrowdesk. Makes sense. Shorting at these levels is actually pretty lucrative, if you can stay liquid, but the availability is slim. A higher rate is understandable as the price climbs and supply is limited.
Posted on 6/2/21 at 8:28 am to Upperdecker
2 min until open... I’m ready for the ride one way or the other.
House money at this point, lets go
House money at this point, lets go
Posted on 6/2/21 at 8:29 am to Upperdecker
quote:"High" is term coming from perspective. $39 is "high" compared to $10, but not "high" compared to $100, which is where this is going in the near future.
Some of us know better than to buy in high.
Posted on 6/2/21 at 8:30 am to Upperdecker
I bought AMC for about $4.50/share back in Jan/Feb when this all first started. Held through a couple ups and downs and finally got discouraged that anything significant was ever going to happen with it, so last time it went on a slight run to around $14/share, I sold I made a nice chunk of change, I guess, but I'm certainly kicking myself for selling now. That's $25,000 I've left on the table!!!!
But glad BB is starting to move. I bought BB same time as AMC, except BB had already hit it's high (19/share) when I bought. Been holding huge losses on it since then. Hopeing it will get me at least back to even so I can cut bait and run. After this, I'm done with meme stocks.
But glad BB is starting to move. I bought BB same time as AMC, except BB had already hit it's high (19/share) when I bought. Been holding huge losses on it since then. Hopeing it will get me at least back to even so I can cut bait and run. After this, I'm done with meme stocks.
Posted on 6/2/21 at 8:34 am to Lsut81
quote:I hope some got in during that dip. It didn't last long!
2 min until open... I’m ready for the ride one way or the other.
House money at this point, lets go
Posted on 6/2/21 at 8:51 am to greygoose
Snagged a $42 call. Don't let me down greygoose.
Posted on 6/2/21 at 8:54 am to greygoose
quote:
"High" is term coming from perspective. $39 is "high" compared to $10, but not "high" compared to $100, which is where this is going in the near future.
You have no reason to expect AMC to hit $100 except picking an arbitrary number that accounts for a major milestone. That’s not based on anything concrete, and like I’ve said, this is all retail buying, not shorts covering. AMC lacks the firepower to make that type of a move. You’re already well above most expectations, and savvy retail investors will begin selling off on any down movements and moving to other stocks with greater % gain potential and likelihood
Posted on 6/2/21 at 8:56 am to AA7
quote:
Snagged a $42 call. Don't let me down greygoose.
You likely bought a call with 300-400% IV. You’d have been better off buying the same amount of money in stock, as you’d have a lot less risk and nearly as much gain potential
This post was edited on 6/2/21 at 8:56 am
Posted on 6/2/21 at 8:57 am to greygoose
quote:
essentially I was saying you had to be in BEFORE 6/2! Market was closed 6/1, so the last day was 5/28!
Uhhhh
It's ok, calendars are hard.
This post was edited on 6/2/21 at 9:01 am
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