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Started By
Message
re: Holding AMC Thread- Diamond hands unite
Posted on 2/2/21 at 7:56 am to Nguyener
Posted on 2/2/21 at 7:56 am to Nguyener
quote:
We’re going to take a brutal bath this morning. If everyone holds we’ll be fine but I have little faith. Too many people like manicTDsnGumbo who jumped in after the GME spike hoping to make immediate quick money and a week wasn’t quick enough so they bailed and cried about it
Somebody knows what's up! Someone bought $2 million in $20 calls, yesterday.
LINK
1
Posted on 2/2/21 at 8:04 am to greygoose
quote:
Somebody knows what's up! Someone bought $2 million in $20 calls, yesterday.
Interesting...
Posted on 2/2/21 at 8:11 am to Me Bite
AMC starting to climb baws
Let's rally
Let's rally
Posted on 2/2/21 at 8:19 am to TheOcean
quote:
AMC starting to climb baws Let's rally
I may have to go and adjust my limit order. My price point doesn't seem like it will be met at the open.
Posted on 2/2/21 at 8:21 am to CajunTiger78
I hope it works out for you. Not that you asked, but that is one thing I try really hard to not do.I ask why I set it there and what has changed to make me want to chase/risk more? That's where FOMO takes over
Posted on 2/2/21 at 8:26 am to Nguyener
quote:
Too many people like manicTDsnGumbo who jumped in after the GME spike hoping to make immediate quick money and a week wasn’t quick enough so they bailed and cried about it
If I'm wrong, then I'm wrong. All I know as of this morning is that many here and reddit were saying last week that it was going to start a rise on Thursday then pop on Friday. Instead it started falling on Thursday then didn't do jack shite Friday. Then the word was it was going to pop yesterday. Then yesterday the party line was that it is going to pop on Thursday.
I called it like I saw it so far and got out before I lost any more than I already did. I never had a large position anyway. If I'm wrong, then I'm wrong and a great number of posters here will have made a killing. I'll come congratulate y'all and eat my crow if that happens but so far, all this stock has done is disappoint me. I've never been a huge risk taker in the stock market before but the last few weeks gave me the quick-buck fever and the only thing I made money on was BB (thanks upperdecker
). I took it further than I usually do but for now I cut my losses and am back to mostly very reliable growth funds and stocks. Not these high-risk stocks with great upside/downside. Some have the tolerance for that but I just don't. Not for me. Good luck to you all and I'll still be following this thread because I'm honestly rooting for y'all.
Posted on 2/2/21 at 8:31 am to nated14
Speaking of FOMO, I know this isn't a direct correlation, just food for thought. Last Thursday, there were 120K watchers of AMC on Stocktwits. Today, there is 178K. Tons of interest.
Also, IF, big IF, they keep the price artificially down today, SSR kicks in and they won't be able to short for 24 hours, which GREATLY works in our favor. They have to buy. They want to buy below their strike, and they use strategies like short ladder attacks/ naked shorting to get the price down. Meanwhile, they are paying enormous interest on their debt. Take away their shorting abililty, and now they don't have that tool.
Also, IF, big IF, they keep the price artificially down today, SSR kicks in and they won't be able to short for 24 hours, which GREATLY works in our favor. They have to buy. They want to buy below their strike, and they use strategies like short ladder attacks/ naked shorting to get the price down. Meanwhile, they are paying enormous interest on their debt. Take away their shorting abililty, and now they don't have that tool.
Posted on 2/2/21 at 8:32 am to greygoose
All the meme stocks (GME, AMC, AG, SLV, BB) getting hammered this morning
Posted on 2/2/21 at 8:33 am to TDsngumbo
quote:
I made money on was BB (thanks upperdecker ). I
quote:
Some have the tolerance for that but I just don't. Not for me.
quote:
Good luck to you all and I'll still be following this thread because I'm honestly rooting for y'all.
Same here x 3. I own some BB but not a huge amount and I bought in at $9 so I'm still $5 profit/share range.
I bought a handful of Nokia because of FOMO and it's down a $1 but climbing slowly yesterday.
No AMC or GME and pretty thankful for that. It's been fun to watch but I'm not getting on that rollercoaster gambling wheel. I'll make myself sick if I buy $2k worth of stock and it tumbles to $500.
Posted on 2/2/21 at 8:36 am to truthbetold
quote:The volume spoke volumes. That was hedges using algos to trade a few shares back and forth to get the price down. If it were real, to drop the price that much, the volume would have to be many times that. It's a psychological game used to scare weak hands into selling.
All the meme stocks (GME, AMC, AG, SLV, BB) getting hammered this morning
Posted on 2/2/21 at 8:38 am to greygoose
The volume this morning is already about 20% of yesterday's total
Posted on 2/2/21 at 8:38 am to supadave3
quote:
No AMC or GME and pretty thankful for that. It's been fun to watch but I'm not getting on that rollercoaster gambling wheel
Then get out of our thread. This thread is for astronauts only.
Posted on 2/2/21 at 8:40 am to WhiteGramblingGrad72
so this drop is gross. the moon in the other way.
This post was edited on 2/2/21 at 8:40 am
Posted on 2/2/21 at 8:40 am to WhiteGramblingGrad72
quote:
Then get out of our thread. This thread is for astronauts only.
Just because you're rude a-hole, I hope it goes all Challenger on you.
Posted on 2/2/21 at 8:41 am to truthbetold
So educate me here. AMC has used this to essentially wipe out their debt ranging back to their purchases of a ton of independent chains. So at a min their position has completely turned around. It’s not like movies are going away, and Hollywood is going to virtue signal so long as it doesn’t decimate their pocket books forever. Going to the movies seems like a familiar activity that’s likely to find a place in American families desperately searching for some sense of normalcy.
So if I buy in at $9, even if this doesn’t “go to the moon”, isn’t there a good chance this company can get back to the $40/share range it was in pre-covid?
So if I buy in at $9, even if this doesn’t “go to the moon”, isn’t there a good chance this company can get back to the $40/share range it was in pre-covid?
Posted on 2/2/21 at 8:42 am to WhiteGramblingGrad72
quote:
WhiteGramblingGrad72
How many black chicks have you banged?
Posted on 2/2/21 at 8:42 am to supadave3
It was in jest. And unfortunately you may get your wish
Posted on 2/2/21 at 8:43 am to nated14
quote:AMC closed green yesterday. Today, it's down about $5/share just in premarket, when most retailers dont trade!
The volume this morning is already about 20% of yesterday's total
Posted on 2/2/21 at 8:43 am to elprez00
My thoughts as well as a long term hold
Posted on 2/2/21 at 8:44 am to greygoose
E*TRADE app down again. Shocker.
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