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re: Holding AMC Thread- Diamond hands unite
Posted on 12/7/21 at 10:19 am to Buck_Rogers
Posted on 12/7/21 at 10:19 am to Buck_Rogers
quote:Grey is a poster that was telling people that $60 was a fantastic buying opportunity and apparently purchased a good bit of shares at that rate based on conspiracies he shared in this thread. Most of my posts in this thread have been directed toward him or his philosophy on AMC. Sorry you missed the context and are lashing out.
but I don't know who Grey is, nor care. I read the posts and comment on the posts.
This post was edited on 12/7/21 at 10:20 am
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Posted on 12/7/21 at 10:33 am to CajunTiger78
quote:
Dec 7 2020 -- $3.57
Dec 7 2021 -- $28.17 (up another $2 PM...$30)
See I can do that too. Up 708% on the year. I have made my initial investment back plus profit (yes realized profit). I also still hold 3436 shares and am up $100K. Even if this goes down to single digits I have lost nothing.
What about you? You seem to show up here with your "I told you so's" and your "Got cha's!" But you have been more wrong than right and all anyone here needs to do is look at your post.
You just come across as sour that you did not get into this play at the beginning of the year like many (millions) have done and are currently way up. Maybe it is time to re-think your approach.
1) Your post from a few months ago insinuated I didn't know what I was talking about and it was going to continue to go up. It didn't, clearly.
2) Most people do not have a cost basis of below $4. Many are very much above that and have been treading water or are down big now
3) Most people have not sold (allegedly) so they have not realized any profits whatsoever and are now riding this thing back down
4) The reason most people bought in is because of the massive short squeeze that was totally coming...yet here we are. Every day that passes reduces the likelihood of any squeeze
5) If you took profits, as you say you did, that's awesome, and is exactly what myself and others in this thread were encouraging people to do dozens of pages ago...I told Sasquatch to pull some off the table at least 4 times. That poor guy. He bought a false bill of goods.
6) If by "re-think your approach" you mean I should start throwing a ton of money into meme stocks, I'll pass. People point to AMC and GME as proof that meme stocks work, but they forget the dozens of other "next GME" stocks that completely tanked
This post was edited on 12/7/21 at 10:37 am
Posted on 12/7/21 at 7:48 pm to Chucktown_Badger
quote:I'm not telling you to do anything your not comfortable with, but ingnoring the facts that these types of plays go against traditional trading is undeniable. Sit on the sidelines if you wish but throwing negative comments at those willing to jump in an take that risk is really none of your business.
1) Your post from a few months ago insinuated I didn't know what I was talking about and it was going to continue to go up. It didn't, clearly. Not sure what the number was at the time, however since the height was about 72 and we are currently sitting above 30 with frequent swings past 40 over the last half a year or more i would call that a positive.
2) Most people do not have a cost basis of below $4. Many are very much above that and have been treading water or are down big now. You say this with conviction that you know it to be an absolute truth, but you really do not know this and neither do I. But all I can tell you is there are many like me who bought in between 8 and 20 and are still quite green
3) Most people have not sold (allegedly) so they have not realized any profits whatsoever and are now riding this thing back down Once again you are speculating and you do not know this to be an actual fact that you can back up with data.
4) The reason most people bought in is because of the massive short squeeze that was totally coming...yet here we are. Every day that passes reduces the likelihood of any squeeze If you choose to ignore the facts that this has been and is currently a shorted stock than you are wrong. Eventually shorts have to cover there position.
5) If you took profits, as you say you did, that's awesome, and is exactly what myself and others in this thread were encouraging people to do dozens of pages ago...I told Sasquatch to pull some off the table at least 4 times. That poor guy. He bought a false bill of goods. I sure did and now the rest is house money. I can ride this down to absolute zero if i want to. Although I do have an exit plan in the even I need to execute that.
6) If by "re-think your approach" you mean I should start throwing a ton of money into meme stocks, I'll pass. People point to AMC and GME as proof that meme stocks work, but they forget the dozens of other "next GME" stocks that completely tanked
This post was edited on 12/7/21 at 7:49 pm
Posted on 12/8/21 at 10:30 am to slackster
quote:
The people who want AMC @ $20 already own it. There is very little demand for the stock outside of the meme world. There is no hope for the company to grow into the valuation. It’s done. It’s over.
But it keeps gaining steam. It’s movie going season and it’s not going to get its arse kicked right now. It fell, and now it’s gaining ground. Whether it’s more late arrival FOMO or it’s the fact that it’s movie going season, but it’s moving up and probably will through the holidays.
Posted on 12/8/21 at 10:36 am to touchdownjeebus
quote:How does this affect the stock price? Was movie going season not priced into the stock price or AMCs value? Explain what you mean by this as it relates to stock price.
It’s movie going season
Posted on 12/8/21 at 10:42 am to WDE24
It’s psychological. This is the one of the two busy times for movies, so psychologically you figure it’s going to make money.
Christmas and Labor Day are the big movie going seasons. I know I bought on the dip precisely because of that reason and plan to sell right before Christmas, or shortly thereafter.
If the NFL was a stock, would you sell it right before the start of the season? No matter the PNL, laymen are going to buy during the peak seasons and sell afterwards. Couple that with a Christmas season marvel movie, and the stock rebounds as we are seeing.
Christmas and Labor Day are the big movie going seasons. I know I bought on the dip precisely because of that reason and plan to sell right before Christmas, or shortly thereafter.
If the NFL was a stock, would you sell it right before the start of the season? No matter the PNL, laymen are going to buy during the peak seasons and sell afterwards. Couple that with a Christmas season marvel movie, and the stock rebounds as we are seeing.
This post was edited on 12/8/21 at 10:44 am
Posted on 12/8/21 at 11:10 am to touchdownjeebus
So is this still a meme stock that is going to moon on a short squeeze after being inflated for almost seven months, or have we now transitioned to a fundamentals play? Because if it's the latter, that doesn't put it in a better light.
Posted on 12/8/21 at 11:12 am to Chucktown_Badger
quote:
2) Most people do not have a cost basis of below $4. Many are very much above that and have been treading water or are down big now. You say this with conviction that you know it to be an absolute truth, but you really do not know this and neither do I. But all I can tell you is there are many like me who bought in between 8 and 20 and are still quite green
The data exists to have a pretty good idea. What cost basis do you think all the people who were buying between the red lines have? That's a shitload of volume over those months at an elevated share price.
Posted on 12/8/21 at 12:55 pm to Chucktown_Badger
quote:
That's a shitload of volume over those months at an elevated share price.
Seems like that just hardens the floor at a higher level.
Posted on 12/8/21 at 1:12 pm to Buck_Rogers
How do you figure?
Posted on 12/8/21 at 1:24 pm to Chucktown_Badger
I don’t think anyone in their right mind thinks this is going to be or moonshot stock. It bottomed out in the mid 20s and will probably hit 40 or so right before or right after the spider man release. It’s not rocket science. Right now it’s up to about 33 bucks.
Posted on 12/8/21 at 2:41 pm to Chucktown_Badger
quote:
How do you figure?
I could be wrong, but I think most people in this aren't looking to sell for a loss.
Posted on 12/8/21 at 2:55 pm to touchdownjeebus
quote:
I don’t think anyone in their right mind thinks this is going to be or moonshot stock.
Greyparrot, Sasquatch, and hundreds of thousands of Reddit users would disagree. Remember the MOASS? They just needed to hold and it was a foregone conclusion. Just a matter of when.
A thread from Reddit today.
quote:
When MOASS over I’m actually going to miss the Ortex Guy!! Have become accustomed Scrolling through the sub and seeing his posts!!
Posted on 12/8/21 at 2:56 pm to Buck_Rogers
quote:
I could be wrong, but I think most people in this aren't looking to sell for a loss.
Hundreds of thousands of people holding a stock at inflated prices does not create a "floor" at those prices
Posted on 12/8/21 at 3:06 pm to Chucktown_Badger
Well, I’m selling in the low 40s, which I suspect it will hit in the next 10 days.
Posted on 12/8/21 at 3:14 pm to touchdownjeebus
quote:
Well, I’m selling in the low 40s, which I suspect it will hit in the next 10 days.
Could end up being a smart move. They can't issue any more shares until 2022, but I think we'd all be fooling ourselves to think that isn't coming the second the clock strikes midnight on the 1st. With the rate of cash burn, they have no choice if they wanna keep the doors open.
Posted on 12/8/21 at 5:56 pm to Chucktown_Badger
quote:
Hundreds of thousands of people holding a stock at inflated prices does not create a "floor" at those prices
Well then why don't you short it?
Posted on 12/8/21 at 7:30 pm to Buck_Rogers
quote:
Well then why don't you short it?
We’ve been over this. Asymmetrical risk in the interim even if you’re right.
Posted on 12/8/21 at 7:55 pm to slackster
quote:
Asymmetrical risk in the interim even if you’re right.
So shite or get off the pot. Quit downing other people's investment choice when you really are doubting yourself.
This post was edited on 12/8/21 at 8:00 pm
Posted on 12/9/21 at 6:22 am to Buck_Rogers
quote:
So shite or get off the pot. Quit downing other people's investment choice when you really are doubting yourself.
, your stock is going down over time, of that I’m sure. Anyone buying AMC as a long term investment will be disappointed. Take your next bounce and get out. 
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