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Message
re: Holding AMC Thread- Diamond hands unite
Posted on 2/3/21 at 6:46 pm to Blueprint
Posted on 2/3/21 at 6:46 pm to Blueprint
quote:
It’s almost like you are trying to speak the stock into a dud.
I think you are correct. He spends quite a bit of time on here trying to repeatedly beat his chest each time the stock fails to sky-rocket.
I'm assuming he is trying to convince himself that not getting in will ultimately be justified. I would like to see his reaction if this stock soars past $20 in the next few days.
This post was edited on 2/3/21 at 6:47 pm
2
Posted on 2/3/21 at 7:18 pm to Hailstate15
Another after hours slide that makes absolutely no sense whatsoever. I see no reason this stock shouldn't go over $20 by the end of the week. Decisions will have to be made on Friday afternoon.
Posted on 2/3/21 at 7:25 pm to CajunTiger78
I love how guys like that preach the fundamentals of investment strategy, yet completely ignore how this stock is not trending wildly upwards as fundamentals would suggest.
I completely understand that this is a terribly volatile stock right now, which should deter anyone with an ounce of fundamental investment strategy. But, I just can't ignore the volume of sales on top of the shorts as an indication that this thing should trend upwards again soon. And, even if I hang on too long, I don't doubt that AMC could recover back into a stable company if they've played their cards right during this hysteria. It's not as over priced as GME.
I completely understand that this is a terribly volatile stock right now, which should deter anyone with an ounce of fundamental investment strategy. But, I just can't ignore the volume of sales on top of the shorts as an indication that this thing should trend upwards again soon. And, even if I hang on too long, I don't doubt that AMC could recover back into a stable company if they've played their cards right during this hysteria. It's not as over priced as GME.
Posted on 2/3/21 at 8:18 pm to DRock88
I like ur input on this. Gives me some hope that tomorrow and Friday could be good. If it gets to 17-20 I’m cashing in.
Posted on 2/3/21 at 8:49 pm to Sasquatch2020
Honestly, I'm not completely sold on either side of the argument. It's literally a crap shoot at this point, after GME changed the game. The suits are getting slicker by the day.
I got 100 shares of AMC around $3/share just after lockdown, because I just love to gamble on a big, dying brand with some upside (especially when they were being left for dead by way of a rare pandemic). I've bought more after seeing the market move around and seeing the hysteria. I, like you, will probably be looking for that $20 mark to cash in - regardless of the other noise. And, that money will not go into another pump and dump - I'll spread that around some up and comers.
I got PLUG around $4/share after lockdown, too, just to emphasize the fact that I'm not a newb that just follows the hysteria.
I got 100 shares of AMC around $3/share just after lockdown, because I just love to gamble on a big, dying brand with some upside (especially when they were being left for dead by way of a rare pandemic). I've bought more after seeing the market move around and seeing the hysteria. I, like you, will probably be looking for that $20 mark to cash in - regardless of the other noise. And, that money will not go into another pump and dump - I'll spread that around some up and comers.
I got PLUG around $4/share after lockdown, too, just to emphasize the fact that I'm not a newb that just follows the hysteria.
This post was edited on 2/3/21 at 8:55 pm
Posted on 2/4/21 at 7:24 am to DRock88
Looking good pre-market. Maybe today is the day!
Posted on 2/4/21 at 7:59 am to WhiteGramblingGrad72
What am I missing for you to like the premarket?
Posted on 2/4/21 at 7:59 am to WhiteGramblingGrad72
The next two days may tell us a little more about the affect of all these short sellers on the price. I expect them to hit this hard (short ladder attack) but I can see a nice recovery close to lunch and beyond. This is just my opinion.
Posted on 2/4/21 at 8:05 am to GeauxTigers777
Well... it was over 10 when I posted that. Damn
Posted on 2/4/21 at 8:13 am to DRock88
quote:
completely ignore how this stock is not trending wildly upwards as fundamentals would suggest.
Which fundamentals are you looking at that suggest the stock price should be going up?
Posted on 2/4/21 at 8:19 am to WhiteGramblingGrad72
I'm still holding. Still strapped in for the ride and having fun.
Haven't put in more than I'm willing to lose. My two quick SLV and HEXO trades in the past few days have me playing with house money.
Haven't put in more than I'm willing to lose. My two quick SLV and HEXO trades in the past few days have me playing with house money.
Posted on 2/4/21 at 8:56 am to Chucktown_Badger
Sales volume is through the roof and brokers are continuing to lift buying restrictions.
Posted on 2/4/21 at 8:58 am to DRock88
quote:
Sales volume is through the roof and brokers are continuing to lift buying restrictions.
Makes dumping shares even easier
Posted on 2/4/21 at 9:10 am to DRock88
quote:
Sales volume is through the roof and brokers are continuing to lift buying restrictions.
Ah....those things aren't fundamentals in the traditional investing sense. When we talk about looking at the fundamentals, it's referring to specific economic data on the company itself, not the trends in buying/selling, which is why I was confused.
Posted on 2/4/21 at 9:13 am to BarberitosDawg
quote:
This is the Wild West era of social media driven market positions.
no shite sherlock i have been telling this board that for years now
glad youre here after the fact, bravo
This post was edited on 2/4/21 at 9:20 am
Posted on 2/4/21 at 9:14 am to Blueprint
quote:
It’s almost like you are trying to speak the stock into a dud.
you guys should have ganged up on me and short squeezed
Posted on 2/4/21 at 9:16 am to CajunTiger78
quote:
I'm assuming he is trying to convince himself that not getting in will ultimately be justified.
i have made plenty of money trading this stock over the last few days bud; ive posted my entry and exit points every single time
This post was edited on 2/4/21 at 9:21 am
Posted on 2/4/21 at 9:16 am to Chucktown_Badger
quote:
I guess I just don't understand the end game for these guys. Are they just going to hold these stocks in perpetuity? The game has changed. At some point it's going to be right to sell and take profits. I would wager that for both this stock and GME that time is in the rearview.
I asked myself the same question
You have to sell to get the money
Posted on 2/4/21 at 9:18 am to Chucktown_Badger
Yes, notice that I made a distinction between fundamental investment strategy and market fundamentals.
Posted on 2/4/21 at 9:37 am to DRock88
quote:
Yes, notice that I made a distinction between fundamental investment strategy and market fundamentals.
I must have missed it. Here's what I'm seeing.
quote:
completely ignore how this stock is not trending wildly upwards as fundamentals would suggest.
quote:
Which fundamentals are you looking at that suggest the stock price should be going up?
quote:
volume is through the roof and brokers are continuing to lift buying restrictions.
I'm also not sure how "sales volume", or a lot of shares being bought and sold, would indicate the price should be going up. You can have high volume with more sales of the stock and it goes down (See: GME, AMC)
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