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Chitown_Badger
Chicago Cubs Fan
A one drink walk from Wrigley
Member since May 2013
20364 posts

re: Holding AMC Thread- Diamond hands unite
quote:

many sources are saying the technical price of this stock is 1500-1900


What is a "technical price"?

Also, (non-reddit) link to one of these "many sources"?


Richleau
Member since Dec 2018
1510 posts

re: Holding AMC Thread- Diamond hands unite
I remember the same bs when GME was first squeezed. Talks of 3000 a share were routine. It’s a pipe dream fella. Those who made it out alive sold sub 500. I doubt AMC gets close to even 75.


Laffy Taffy Tiger
Austin Peay Fan
Lake Borgne
Member since Aug 2019
805 posts

re: Holding AMC Thread- Diamond hands unite
quote:

I doubt AMC gets close to even to 75


It's already broken that so you are wrong.


Richleau
Member since Dec 2018
1510 posts

re: Holding AMC Thread- Diamond hands unite
Is it there now? I’m talking about where the stock is and where it will go, not where it has been previous. GME went to near 500, where is the stock now? See how a squeeze works?
This post was edited on 6/11 at 1:58 am


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13
honeybadger07
LSU Fan
The Woodlands
Member since Jul 2015
2295 posts

re: Holding AMC Thread- Diamond hands unite
quote:

Cool. Apparently the actual price of the stock is currently 1900 just FYI.


So where do we find those buyers at?


Bazzatcha
LSU Fan
Member since May 2017
440 posts

re: Holding AMC Thread- Diamond hands unite
The hedge funds who shorted the stock will have to buy to cover their position, hence the squeeze. The interest payments will soon be too much and force their hand. They have already lost and if you were strong enough to hodl, you are about to get paid big. Still not too late to jump in for big gains.


AUViclic
Auburn Fan
Member since Jun 2013
75 posts

re: Holding AMC Thread- Diamond hands unite
Major support level is around 42. After that the next major level is just below 30


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Chitown_Badger
Chicago Cubs Fan
A one drink walk from Wrigley
Member since May 2013
20364 posts

re: Holding AMC Thread- Diamond hands unite
Two major differences between GME and AMC

1) short interest on AMC is a fraction of what it was on GME

2) AMC has been issuing shares and people are selling, giving any shorts plenty of opportunity to exit their positions


greygoose
Auburn Fan
Member since Aug 2013
5528 posts

re: Holding AMC Thread- Diamond hands unite
quote:

Two major differences between GME and AMC

1) short interest on AMC is a fraction of what it was on GME

2) AMC has been issuing shares and people are selling, giving any shorts plenty of opportunity to exit their positions

We know the $7.50 puts didn't quite work out for you, so why not buy more, at a higher strike price. You seem extremely confident in you views.


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29
WDE24
Yale Fan
Member since Oct 2010
48521 posts

re: Holding AMC Thread- Diamond hands unite
quote:

Still not too late to jump in for big gains.
Who here is buying today? I assume you are buying and not just encouraging others to, right?


Thib-a-doe Tiger
LSU Fan
Member since Nov 2012
33050 posts

re: Holding AMC Thread- Diamond hands unite
quote:

. many sources are saying the technical price of this stock is 1500-1900.







a dying business model that has been shuttered for a year after years of financial struggle should be trading at 33-40x current value.


sure thing bud


greygoose
Auburn Fan
Member since Aug 2013
5528 posts

re: Holding AMC Thread- Diamond hands unite
quote:

Who here is buying today? I assume you are buying and not just encouraging others to, right?
I bought more yesterday.


NOLAGT
Over there
Member since Dec 2012
11815 posts

re: Holding AMC Thread- Diamond hands unite
quote:

a dying business model


What they need to do is take 1/2 the screens out and put in some sort of virtual golf/Surge type attraction in it.


WDE24
Yale Fan
Member since Oct 2010
48521 posts

re: Holding AMC Thread- Diamond hands unite
quote:

I bought more yesterday.


what is your average pps?


greygoose
Auburn Fan
Member since Aug 2013
5528 posts

re: Holding AMC Thread- Diamond hands unite
quote:

what is your average pps?

10.55


ItNeverRains
LSU Fan
Franklin, TN
Member since Oct 2007
19266 posts
 Online 

re: Holding AMC Thread- Diamond hands unite
Sold all shares I bought at 44 average yesterday this am for 44. Still have 500 at my 10.48 average I will keep as lotto tickets (or sell at $10.48). I need to do some DD. As I understand if price is over 40.01 on 6/18 there is a tsunami of calls that will need to cover which could springboard another run. Any help on this is appreciated.
This post was edited on 6/11 at 9:35 am


greygoose
Auburn Fan
Member since Aug 2013
5528 posts

re: Holding AMC Thread- Diamond hands unite
quote:

Sold all shares I bought at 44 average yesterday this am for 44. Still have 500 at my 10.48 average I will keep as lotto tickets (or sell at $10.48). I need to do some DD. As I understand if price is over 40.01 on 6/18 there is a tsunami of calls that will need to cover which could springboard another run. Any help on this is appreciated.
Very true. I read that the hedges have resorted to shorting ETFs that hold AMC, also. They are very desperate.


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UltimaParadox
Alabama Fan
Huntsville
Member since Nov 2008
20481 posts

re: Holding AMC Thread- Diamond hands unite
quote:

What they need to do is take 1/2 the screens out and put in some sort of virtual golf/Surge type attraction in it.


Maybe they will issue 500m more shares to pay for it?


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Chitown_Badger
Chicago Cubs Fan
A one drink walk from Wrigley
Member since May 2013
20364 posts

re: Holding AMC Thread- Diamond hands unite
quote:

10.55


I thought you said earlier in this thread your average was around $10.90. How, if it hasn't been below that for a while, and you're buying in the $40 range, could your cost basis go down?
This post was edited on 6/11 at 9:39 am


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20
greygoose
Auburn Fan
Member since Aug 2013
5528 posts

re: Holding AMC Thread- Diamond hands unite
107K in open interest for the 6/18 $40 calls.


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