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re: Holding AMC Thread- Diamond hands unite

Posted on 6/3/21 at 1:15 pm to
Posted by Sasquatch2020
Member since Oct 2020
519 posts
Posted on 6/3/21 at 1:15 pm to
the math says it can go to 100K to even 500K

Do i think it happens, no?

I always envisioned 20-30K though. For the sake of a bet with Slackster, we need 30K so he can get a tattoo of my TD name on his body
Posted by NOLAGT
Over there
Member since Dec 2012
13807 posts
Posted on 6/3/21 at 1:23 pm to
quote:

so he can get a tattoo of my TD name on his body




I mean, I hope it does for my bank account reasons...but id say a solid percentage of my hopes is for that to also happen. Not that I don't like him or anyone...but it would just be fuking funny if it did
This post was edited on 6/3/21 at 1:24 pm
Posted by MattA
Member since Nov 2019
1910 posts
Posted on 6/3/21 at 1:24 pm to
quote:

Truth. Where else has anyone seen a dilution lead to a stock surging? It's happened twice, recently, on AMC



Lol. Should have bought my popcorn share a few hours ago. 65 bucks is a little steep... BUT they charge like 10 bucks for a large bucket anyway so with the incentives I’ll break even pretty soon.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
34172 posts
Posted on 6/3/21 at 1:57 pm to
quote:

the math says it can go to


I'd love to see that math
Posted by slackster
Houston
Member since Mar 2009
90090 posts
Posted on 6/3/21 at 2:06 pm to
quote:

For the sake of a bet with Slackster, we need 30K so he can get a tattoo of my TD name on his body


I said I’d do it at $10k per share, but you’re paying for it.
Posted by Jor Jor The Dinosaur
Chicago, IL
Member since Nov 2014
7065 posts
Posted on 6/3/21 at 2:09 pm to
I'd love to see 500k/share and AMC become a 200 trillion dollar company
This post was edited on 6/3/21 at 2:12 pm
Posted by WDE24
Member since Oct 2010
54697 posts
Posted on 6/3/21 at 2:12 pm to
quote:

the math says it can go to 100K to even 500K

Do i think it happens, no?

I always envisioned 20-30K though.
Can you explain this to me or link me to an explanation? I haven’t been following the minutiae of how this is supposed to work, but I’d like to read the math behind the theory.
Posted by slackster
Houston
Member since Mar 2009
90090 posts
Posted on 6/3/21 at 2:15 pm to
quote:

Can you explain this to me or link me to an explanation?


It’s pretty simple - people won’t sell for any less. Seriously, that’s the explanation. It’s beautiful in its simplicity, but it’s highly unlikely to be based in any reality.
Posted by Steve Nebraska
Gooberville
Member since Jun 2021
59 posts
Posted on 6/3/21 at 2:32 pm to
If it goes 4 figures I’d gorilla glue slackster to my head
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
34172 posts
Posted on 6/3/21 at 2:32 pm to
Except many of the apes have shown they will sell, and institutions hold 27% of all shares, and they'll sell. And the short percent of float is only 20%, and to get to $10,000 per share, people will need to buy it up that high, which would require someone to buy many of those shares at prices approaching $10k...meaning there would need to be people with a few trillion dollars sitting around, all injecting it into AMC.

I'd say Slackster's chest is going to remain unadulterated.
Posted by slackster
Houston
Member since Mar 2009
90090 posts
Posted on 6/3/21 at 2:40 pm to
quote:

If it goes 4 figures I’d gorilla glue slackster to my head



I’d love to see it.

If it went to $1,000, and assuming it didn’t tank the overall market with it, it would raise the iShares Russell 2000 ETF nearly 12% all by itself.
Posted by supadave3
Houston, TX
Member since Dec 2005
31177 posts
Posted on 6/3/21 at 2:51 pm to
All I know is that I got scared and sold all my shares but 1. Both of them sold around $60.

Stacking stacks.
Posted by Steve Nebraska
Gooberville
Member since Jun 2021
59 posts
Posted on 6/3/21 at 2:53 pm to
Hell if it went five figures slackster can have his way with my gf for 9 mins
Posted by slackster
Houston
Member since Mar 2009
90090 posts
Posted on 6/3/21 at 2:59 pm to
Without a miracle here at the close it’s going to close down. Interesting day for sure. All the hoopla this morning about the share offering was comical. Not sure why any longs would care, but it was entertaining to see many of them blatantly lie about it being a sale from April.
Posted by slackster
Houston
Member since Mar 2009
90090 posts
Posted on 6/3/21 at 3:01 pm to
+1B for the shorts today.

-1.7B for the shorts this week.
Posted by PennyPacker
Where things are bigger and better
Member since Jan 2010
1046 posts
Posted on 6/3/21 at 3:06 pm to
quote:

the math says it can go to 100K to even 500K


the math is based on several unknown's and assumptions to be honest. As much as I would like to see these assumptions true, when you are dealing with this type of play you have to be realistic in the fact that they are probably inflated for hype purposes.

quote:

I always envisioned 20-30K though.


while more "possible", I still think this is pie in the sky thinking. I am not sure of your share count but I would caution an all or nothing approach for 30k. Watch the short interest and how fast it is being covered. This can give you an idea on if you need to move out of your position.

I suggest everyone do their own research and pick your spot to exit that works for you. This doesn't have to be an all or nothing play. It can be a push in the right direction.
Posted by NOLAGT
Over there
Member since Dec 2012
13807 posts
Posted on 6/3/21 at 3:06 pm to
quote:

sold around $60.


So how many minutes can slack have your girl for that

Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
34172 posts
Posted on 6/3/21 at 3:08 pm to
quote:

but it was entertaining to see many of them blatantly lie about it being a sale from April.


Trey's Trades said it was from April tho!!!!
This post was edited on 6/3/21 at 3:10 pm
Posted by slackster
Houston
Member since Mar 2009
90090 posts
Posted on 6/3/21 at 3:10 pm to
quote:

Trey's Trades said it was from April tho!!!!


That guy was actually on Fox Business today. 2021 has been crazy as hell.
Posted by carlsoda
B Rah
Member since Dec 2009
5776 posts
Posted on 6/3/21 at 3:11 pm to
Shorts made 1B today?
quote:

+1B for the shorts today.
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