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re: Holding AMC Thread- Diamond hands unite

Posted on 6/2/21 at 8:59 am to
Posted by UltimaParadox
North Carolina
Member since Nov 2008
51531 posts
Posted on 6/2/21 at 8:59 am to
quote:

I’m not sure how I could have misunderstood this comment from last night


Well one thing is for certain the share count is definitely above the 450M, since they issued 9M more shares yesterday.
Posted by bbap
Baton Rouge, LA
Member since Feb 2006
96876 posts
Posted on 6/2/21 at 8:59 am to
Dates are hard.
Posted by AA7
Birmingham, AL
Member since Nov 2009
28447 posts
Posted on 6/2/21 at 8:59 am to
quote:

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

There's still a good bit more gain potential. I'm not really concerned with risk on this one. I had a little extra buying power so I'm treating it as an expensive scratch off lottery ticket
Posted by CajunTiger78
Member since Aug 2017
2879 posts
Posted on 6/2/21 at 8:59 am to
Upperdecker, With you logic it should have sold off at $20, at $25, at $30, at $35...yet here we are at $40 and its still moving north.

You're trying to use traditional stock behavior for a non-traditional situation. If you choose not to participate then that is totally fine, however don't chime in on something that you and a few others have been so wrong on time and time again. Good luck with your PINS and ROKU stock recovery.
Posted by NoSaint
Member since Jun 2011
12466 posts
Posted on 6/2/21 at 9:02 am to
quote:

You have no reason to expect AMC to hit $100 except picking an arbitrary number that accounts for a major milestone.


To be fair, clearing 100 and peaking at 100 are very different ways to discuss it and imply very different knowledge levels based on the specificity.

I think it fair for him to say it’ll clear 100 without knowing where the end of the ride is, based on projections from several sources isn’t that bold of a claim that infers huge insights into the situation
Posted by greygoose
Member since Aug 2013
14316 posts
Posted on 6/2/21 at 9:03 am to
quote:

Well one thing is for certain the share count is definitely above the 450M, since they issued 9M more shares yesterday.

Yep, and Murdick turned around and sold all of them, retail gobbled them up, and we are currently sitting at $40.5 and climbing.
Posted by ItNeverRains
Offugeaux
Member since Oct 2007
28166 posts
Posted on 6/2/21 at 9:08 am to
570k calls ITM right now.
Posted by greygoose
Member since Aug 2013
14316 posts
Posted on 6/2/21 at 9:09 am to
quote:

You have no reason to expect AMC to hit $100 except picking an arbitrary number that accounts for a major milestone.
Hmmmm.....did I have a reason to expect all the other price predictions I made, that happened? Do you follow JG Salvodi?

quote:

and like I’ve said, this is all retail buying, not shorts covering.
FOMO, then Gamma Squeeze, followed by short squeeze. We are currently in FOMO, with gamma starting very soon!

Bookmark this.
Posted by ItNeverRains
Offugeaux
Member since Oct 2007
28166 posts
Posted on 6/2/21 at 9:10 am to
quote:

FOMO, then Gamma Squeeze, followed by short squeeze. We are currently in FOMO, with gamma starting very soon!



You’ve got a serial down voter

Edit - So do I. What a fricking loser
This post was edited on 6/2/21 at 9:11 am
Posted by slackster
Houston
Member since Mar 2009
91347 posts
Posted on 6/2/21 at 9:11 am to
quote:

think it fair for him to say it’ll clear 100 without knowing where the end of the ride is, based on projections from several sources isn’t that bold of a claim that infers huge insights into the situation


The projections from any source is based on mapping retail behavior in an illogical stock. They’re akin to wild arse guesses.
Posted by greygoose
Member since Aug 2013
14316 posts
Posted on 6/2/21 at 9:12 am to
quote:

You’ve got a serial down voter
My good buddy, Chitstain, hangs on my every word! I have a stalker!
Posted by ItNeverRains
Offugeaux
Member since Oct 2007
28166 posts
Posted on 6/2/21 at 9:12 am to
quote:

The projections from any source is based on mapping retail behavior in an illogical stock. They’re akin to wild arse guesses.


They are non traditional, but this BAM investor guy on Twitter has been very good to date.
Posted by slackster
Houston
Member since Mar 2009
91347 posts
Posted on 6/2/21 at 9:13 am to
quote:

570k calls ITM right now.


Who owns them?
Posted by slackster
Houston
Member since Mar 2009
91347 posts
Posted on 6/2/21 at 9:17 am to
quote:

They are non traditional, but this BAM investor guy on Twitter has been very good to date.

Yeah I’ve been following. The problem I have - and I’ve been pointing this out since the rally started - is the volume. These prices predictions are typically technicals, but this volume is a real problem for the $100+ targets. There is a lot of willing sellers and a lot of willing buyers. There is only so much money that’s going to go into AMC at $50, $60, $70, etc., and if this supply of sellers keeps up, I don’t see how you get to these bigger and bigger targets.

That’s not some fundamental analysis either, before CajunTiger has an aneurysm. I’m just staring at the same shorts we all are.
Posted by greygoose
Member since Aug 2013
14316 posts
Posted on 6/2/21 at 9:17 am to
quote:

Who owns them?
You probably bought a few.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
35841 posts
Posted on 6/2/21 at 9:20 am to
quote:

did I have a reason to expect all the other price predictions I made, that happened?


There were so many I can't even remember one.

Except for QUADRUPLE WITCHING HOUR (!) which we heard about for a few months. That was a great call on your part.
Posted by slackster
Houston
Member since Mar 2009
91347 posts
Posted on 6/2/21 at 9:21 am to
quote:

You probably bought a few.


I wish.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
35841 posts
Posted on 6/2/21 at 9:21 am to
I never downvote posts. I don't get the point of it.

I'm on record with my thoughts of you as a liar and only capable of regurgitating (poorly, at that) what you read on reddit.
This post was edited on 6/2/21 at 9:23 am
Posted by greygoose
Member since Aug 2013
14316 posts
Posted on 6/2/21 at 9:22 am to
quote:

570k calls ITM right now.
Check out the June 18th $73 calls.

I'll have to go back and find it, but I pointed out the June 18th $40 calls last week, or so, and received some ridicule. Hmmmm......
Posted by CajunTiger78
Member since Aug 2017
2879 posts
Posted on 6/2/21 at 9:23 am to
quote:

That’s not some fundamental analysis either, before CajunTiger has an aneurysm. I’m just staring at the same shorts we all are.


Sure bud, whatever you say. LOL! I'm not the one trying to plead my case why AMC is not a good play, but you sure are. Sorry you're sitting on the sidelines right now...BTW I'm up in the 6 digit range, what about you?
This post was edited on 6/2/21 at 9:24 am
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