re: Holding AMC Thread- Diamond hands unite

Congrats to all you diamond hands.

Yikes, another limit down halt.

I’m trying to decide where I jump... You don’t look a gift horse in the mouth

yeah exchange stops are a built in "cooling off" period

Now if YOUR brokerage makes its own decisions on said stock (looking at YOU Robinhood) that's a different story altogether

Gotcha. How long do these halts usually last

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Gotcha. How long do these halts usually last

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5 minutes.

Then it better start halting on upswings and not downswings.

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I’m trying to decide where I jump... You don’t look a gift horse in the mouth

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I’m typically a percentage guy. Carve off tranches to keep a stock in check within your portfolio. Add if you like it and it falls below a certain percentage. The problem with my strategy is that it doesn’t work with something like AMC. No one is a buyer at $60 for the long haul.

There isn’t exactly a precedent for these things. Timing it perfectly will be impossible with all of your shares, so if it was me I’d sell in 20% or so chunks.

GL.

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Now if YOUR brokerage makes its own decisions on said stock (looking at YOU Robinhood) that's a different story altogether

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Robinhood didn't arbitrarily decide to halt trading. They had to based on SEC rules around liquidity.

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Robinhood didn't arbitrarily decide to halt trading. They had to based on SEC rules around liquidity.

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Yeah I know it’s not popular opinion, but it’s likely the truth.

Hedge funds are cutthroat - just as there are short stocks, the majority of positions are long. They’ll decimate one another before they’ll protect the entire group, IMO. I have little doubt there are long positions in AMC now as well.