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re: Holding AMC Thread- Diamond hands unite

Posted on 2/24/21 at 3:19 pm to
Posted by eScott
Member since Oct 2008
11376 posts
Posted on 2/24/21 at 3:19 pm to
I went long puts this morning and they're up. gotta love iv
Posted by Hailstate15
ForeverGator's mom's
Member since Nov 2018
21466 posts
Posted on 2/24/21 at 5:48 pm to
We are so back boys. 20 dollars by the end of the week.
Posted by piggilicious
Member since Jan 2011
37295 posts
Posted on 2/24/21 at 7:17 pm to
I’m glad it bounced the day after I got out. But seriously I got my money back and I’m happy for those that have been in there holding

ETA: if it goes to 100 I’m gonna be pissed at myself tho
This post was edited on 2/24/21 at 7:28 pm
Posted by Hailstate15
ForeverGator's mom's
Member since Nov 2018
21466 posts
Posted on 2/24/21 at 8:01 pm to
quote:

ETA: if it goes to 100 I’m gonna be pissed at myself tho


Speak for yourself I will be hitting geebs on mars

Eta: is this even possible?
This post was edited on 2/24/21 at 8:02 pm
Posted by Sasquatch2020
Member since Oct 2020
519 posts
Posted on 2/24/21 at 8:13 pm to
I still have 72 shares at 12.10

Today gives me hope I won’t lose money and I can get out sooner than later
Posted by Lsut81
Member since Jun 2005
80087 posts
Posted on 2/24/21 at 8:14 pm to
What the hell is going on with it? See its up to 11.08 after hours.


I never sold off after it tanked, wasn’t ever expecting to see it this high this soon.

Any insight on what’s driving it? Is it just piggy backing off of GameStop’s shake up with its board?
Posted by Hailstate15
ForeverGator's mom's
Member since Nov 2018
21466 posts
Posted on 2/25/21 at 1:13 am to
Another short squeeze according to reddit and twitter
Posted by Lsut81
Member since Jun 2005
80087 posts
Posted on 2/25/21 at 5:16 am to
quote:

Another short squeeze according to reddit and twitter


Had a feeling after Portnoys interview with Vlad that they would try to frick Robinhood again...

Keep pumping it so I can cash out. Was planning a long hold but May drop it here soon
Posted by UltimaParadox
Huntsville
Member since Nov 2008
40826 posts
Posted on 2/25/21 at 8:24 am to
I honestly have no idea... but guessing after the last time a lot less people are going to be willing to hold.

Guessing it hits the circuit breaker on the way down near open?
Posted by greygoose
Member since Aug 2013
11438 posts
Posted on 2/25/21 at 9:27 am to
Short interest is up. Contracts about to expire out of the money. Amazon buyout rumors. Elon Musk pro-tweets. Earnings report imminent and expected to exceed expectations. States like NY are easing restrictions and theaters are set to reopen. Hollywood movies advertising their release. COVID numbers are falling off the cliff.

Perfect storm. Get in and be a part of it, or watch others shop for yachts.
Posted by greygoose
Member since Aug 2013
11438 posts
Posted on 2/25/21 at 9:29 am to
quote:

I finally navigated my way out of AMC today. I started in at $14/share and worked my way down to $6/share. Sold it all this morning for a small profit.
It just wasn't worth tying up my money for so long on so little profit.
It almost doubled since your post.
Posted by finchmeister08
Member since Mar 2011
35587 posts
Posted on 2/25/21 at 1:12 pm to
AMC hasn't moved much at all today.
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
42453 posts
Posted on 2/26/21 at 7:33 am to
Back in this morning at 8.20. let's ride
Posted by greygoose
Member since Aug 2013
11438 posts
Posted on 2/26/21 at 9:27 am to
Options expire today. Keep the price above $8 and Monday should be very nice!
Posted by elprez00
Hammond, LA
Member since Sep 2011
29360 posts
Posted on 2/26/21 at 3:11 pm to
Closed at $8.01. Pretty intense at the end and then a big buy order came in right at the end and kicked it up.

Monday is going to be interesting.
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
42453 posts
Posted on 2/26/21 at 6:06 pm to
We ridin' on Monday baws
Posted by BoxComboNoSlawXToast
Louisiana
Member since Feb 2018
316 posts
Posted on 2/26/21 at 9:13 pm to
So we holding Monday, or expect a big pump from the contracts expiring, and I get to sell and cut my losses
Posted by greygoose
Member since Aug 2013
11438 posts
Posted on 2/27/21 at 7:46 am to
quote:

So we holding Monday, or expect a big pump from the contracts expiring, and I get to sell and cut my losses

You might want to reconsider that. Shorts with expired contracts are going will have to cover. Stock price goes up. Those same hedges that shorted, will now go long. This has the strong possibility of strong gains for the next few weeks......minimum.
Posted by greygoose
Member since Aug 2013
11438 posts
Posted on 2/27/21 at 7:53 am to
quote:

Closed at $8.01. Pretty intense at the end and then a big buy order came in right at the end and kicked it up.

Monday is going to be interesting.


That's putting it mildly. Someone bought over $8 million in the final seconds of the trading day to secure the $8 call were in the money! Wheels are in motion by some with big money, to stick it to the hedges that try to short companies into bankruptcy. When the world's richest man is tweeting support for the retail investor, you have damn strong ally!
Posted by greygoose
Member since Aug 2013
11438 posts
Posted on 2/27/21 at 8:58 am to
Elon Musk-60 minutes interview


LINK
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