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Message
re: Holding AMC Thread- Diamond hands unite
Posted on 2/1/21 at 2:17 pm to Sasquatch2020
Posted on 2/1/21 at 2:17 pm to Sasquatch2020
quote:Yep!
either way, its a good thing correct?
0
Posted on 2/1/21 at 2:17 pm to Sasquatch2020
yes it's a good thing
Posted on 2/1/21 at 2:18 pm to Sasquatch2020
I won't oversell it either way. 400million shares were traded today and this is only 2 million bucks
ETA - but it is better than the other way
ETA - but it is better than the other way
This post was edited on 2/1/21 at 2:20 pm
Posted on 2/1/21 at 2:20 pm to Hailstate15
In 57 more shares just now.
Posted on 2/1/21 at 2:21 pm to thadcastle
quote:The undeniable truth is, this company was massively shorted. A huge amount of contracts expired Friday, and there are a lot more this week set to expire. The people who shorted must buy, or continue to pay massive interest on the debt. As long as the stock holders don't sell, time is on your side.
I don't think we were duped. There was a play there but what we didn't expect was them to stop people from buying it. I am almost certain if they wouldn't have limited buying the price would be climbing pretty high.
Posted on 2/1/21 at 2:22 pm to greygoose
Tiny rally?
Posted on 2/1/21 at 2:23 pm to TDsngumbo
Posted on 2/1/21 at 2:24 pm to TDsngumbo
Do you take medication?
Posted on 2/1/21 at 2:26 pm to Nguyener
quote:
Do you take medication?
Yes, but not for the reason you're thinking.
I'm mostly fricking with y'all at this point. Have I sold? No, because I still hold hope this actually will rocket at some point but man I am nervous about it. I'm just enjoying this thread and the ups and downs I'm having with AMC.
Posted on 2/1/21 at 2:30 pm to TDsngumbo
quote:What a lot of people who wonder why this isn't $40/share don't understand is, these hedges , like Melvin and Citadel, stand to lose multiple BILLIONS! They aren't doing that without a fight. That's why you are seeing platforms restrict trading, analyst coming out with $1 price ratings, and the stock being held down thru short ladder attacks.
Tiny rally?
Again, the plan is simple. Don't sell, be patient, and time is on your side. Everyday the price stays above $9, the shorts with expired contracts are bleeding massive money just in interest.
Posted on 2/1/21 at 2:32 pm to greygoose
quote:
hat a lot of people who wonder why this isn't $40/share don't understand is, these hedges , like Melvin and Citadel, stand to lose multiple BILLIONS! They aren't doing that without a fight. That's why you are seeing platforms restrict trading, analyst coming out with $1 price ratings, and the stock being held down thru short ladder attacks. Again, the plan is simple. Don't sell, be patient, and time is on your side. Everyday the price stays above $9, the shorts with expired contracts are bleeding massive money just in interest.
Very well said greygoose
Posted on 2/1/21 at 2:33 pm to greygoose
quote:
Again, the plan is simple. Don't sell, be patient, and time is on your side. Everyday the price stays above $9, the shorts with expired contracts are bleeding massive money just in interest.
Posted on 2/1/21 at 2:37 pm to BarberitosDawg
just grabbed 200 on the dip why not
Posted on 2/1/21 at 2:40 pm to Sho Nuff
It will be interesting to see what it does in afterhours. Most retail investors, either don't have the ability to trade after the bell, or just don't. That's why volume usually slows down to a trickle. Just like the $2 million in calls that just got purchased, big money may make a move then, knowing the major amount of selling will be the shorts trying to bring about a panic and bring the price down.
Posted on 2/1/21 at 2:50 pm to greygoose
Things will get pretty ugly AH.
Posted on 2/1/21 at 2:52 pm to Large Farva
quote:
Things will get pretty ugly AH.
Why do you say that?
Posted on 2/1/21 at 2:52 pm to greygoose
They probably just wiped out millions of shares by triggering stop losses at the close.
Posted on 2/1/21 at 2:54 pm to nated14
quote:Definitely! I've been playing in the market long enough to see stop-losses get taken out, then the price jumps. Just another strategy the big boys play.
They probably just wiped out millions of shares by triggering stop losses at the close.
Posted on 2/1/21 at 2:55 pm to greygoose
The last 15 minutes 
Posted on 2/1/21 at 2:57 pm to TDsngumbo
but it is still right at open cost.
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