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re: Holding AMC Thread- Diamond hands unite
Posted on 2/28/21 at 5:54 pm to greygoose
Posted on 2/28/21 at 5:54 pm to greygoose
quote:
As an investor of over 30 years, what's your thoughts on this:
It looks like it is beyond my sphere of competence.
I know people make money mastering all sorts of techniques on Wall Street.
I find it exciting to follow, but I’m not the guy that will participate in this style of speculation.
I use the term speculation (not derisively) defined as buying to sell higher related purely to the security price in and of itself.
Investing is looking for a business that you think has the potential to compound future earnings over time.
People lose Money doing either, but I prefer to at least have the ability to say, “company Z makes the best A in the world. They have Y sales and D earnings and pay H dividend. I will try to acquire the shares at a reasonable price by using a cash secured put.”
I am limited by my own experience. I believe many people will make a nice payday on some of these. Good luck to everyone.
0
Posted on 2/28/21 at 6:09 pm to TheOcean
quote:My thoughts as well. Tomorrow should be fun. That huge buy at the bell on Friday has me thinking we have a hedge fund on the retailers side.
I think AMC is a great long term investment even if it tanks. I'm all in
Posted on 2/28/21 at 6:33 pm to TheOcean
Something I just thought of, the CEO and board slashed their salaries for a year due to COVID and the shut down. They were given company stock in lieu. Ok so what? Last May, Forbes came out with the initial article that Amazon may buy AMC. Nothing, that we know of, happened. A couple of weeks ago, Forbes retweeted that same article here, and a week later, reposted it in France. Last week, the CEO and top executives were given substantial bonuses. CEO got $3.75 million! That seems ludicrous on face value, but......something going on we don't know about?? He got more shares and a huge bonus. Doesn't make sense that the board would approve this unless......
Posted on 3/1/21 at 4:03 am to greygoose
AMC up bigly already. 
Posted on 3/1/21 at 7:13 am to TheOcean
quote:10%
AMC up bigly already.
Should be a great day. I expect it to dip a little initially, but rebound straight up. Big buys will come in later.
Posted on 3/1/21 at 8:38 am to greygoose
I'm ready. Already up $3,500 this AM
Posted on 3/1/21 at 8:47 am to greygoose
quote:
I would start looking at where is was in 2019
We have already passed that
This post was edited on 3/1/21 at 8:48 am
Posted on 3/1/21 at 9:32 am to TheOcean
Predictable 9:30 dip.
A nice cup and handle is forming. Should shoot up very soon.
A nice cup and handle is forming. Should shoot up very soon.
Posted on 3/1/21 at 9:50 am to greygoose
quote:
Should shoot up very soon.
Why do you think that?
Posted on 3/1/21 at 10:44 am to Chucktown_Badger
quote:$8.61 at the time of my prediction. $9.19 right now. You don't read charts?
Why do you think that?
Posted on 3/1/21 at 10:52 am to greygoose
Not sure why he still posts in these threads 
Posted on 3/1/21 at 10:52 am to greygoose
I jumped out with a nice 4k profit. Will be back in when it dips
Posted on 3/1/21 at 10:56 am to TheOcean
quote:Your money, but I think you made a mistake. Doubtful you see $8 again.
I jumped out with a nice 4k profit. Will be back in when it dips
Posted on 3/1/21 at 12:59 pm to greygoose
quote:
$8.61 at the time of my prediction. $9.19 right now. You don't read charts?
The entire market is up huge, DJIA is up 650 points today. I hardly think you're some Kreskin with the movement on AMC today. Everything is up.
Posted on 3/1/21 at 1:36 pm to Chucktown_Badger
quote:Everything is up 10%?
The entire market is up huge, DJIA is up 650 points today. I hardly think you're some Kreskin with the movement on AMC today. Everything is up.
Posted on 3/1/21 at 1:50 pm to greygoose
i am following this stock on stockwits
some of them posters thinking this going to 100 or even more like GME
i ended buying 6 more shares because of them and holding the line
that got me thinking it can get to 20 or 25 though
some of them posters thinking this going to 100 or even more like GME
i ended buying 6 more shares because of them and holding the line
that got me thinking it can get to 20 or 25 though
Posted on 3/1/21 at 3:04 pm to Sasquatch2020
Big blocks bought at the bell again today. Someone bought $1.6 million of the stock in the last minute.
Posted on 3/1/21 at 3:12 pm to greygoose
Big dollars are buying in late. I’m sitting on mine to see what happens.
Posted on 3/1/21 at 3:14 pm to Sasquatch2020
quote:It's possible with a short squeeze. Float is low, that's why the strategy is to buy and hold. The shorts that are out of the money are forced to purchase at market price. People are setting their sell limits to the maximum allowed by the broker. That's why a short position has the possibility of unlimited losses. Right now, the latest interest rate the shorts are paying, that haven't covered, is right at 9%. Sooner or later, that becomes unbearable. Short sellers lost $5 Billion shorting GME this year.
i am following this stock on stockwits
some of them posters thinking this going to 100 or even more like GME
i ended buying 6 more shares because of them and holding the line
that got me thinking it can get to 20 or 25 though
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