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Message
re: Holding AMC Thread- Diamond hands unite
Posted on 5/18/21 at 12:59 pm to greygoose
Posted on 5/18/21 at 12:59 pm to greygoose
quote:
June 2nd is the shareholder's meeting. An official count of outstanding shares will be conducted.
The fact you’ve continued to bring this up for nearly 3 months brings a smile to my face. This idea that management can force shorts to cover with a shareholder count is hysterical. It’s so easy greygoose has figured it out, but apparently companies across the world still let their stock get shorted.
0
Posted on 5/18/21 at 1:04 pm to TheOcean
quote:
$7.50 5/14 put has to be the worst call of this thread so far. Might not want to make any jabs...
Remember when you tried to call me to the carpet on my investing ability and I posted my returns? That was great. Funny how you never responded to that one.
Posted on 5/18/21 at 1:40 pm to Chucktown_Badger
Seems crazy that the AMC insiders are pulling one over on the shorts, yet there hasn’t been a single insider buy AMC shares since 2017. Weird.
Posted on 5/18/21 at 2:03 pm to slackster
Again, I'm not here to say AMC is the next GME, but it has had 7 straight days in the green and is on its way to an 8th. That's not a bad position to take, right?
Posted on 5/18/21 at 2:28 pm to AbitaFan08
quote:
That's not a bad position to take, right?
I would say it's a fortuitous position if you don't look the gift horse in the mouth and take your gains, which have occurred despite additional dilution.
But in terms of "would you recommend someone buy at these levels"...well, if your investing style is to roll the dice and hope some theoretical short squeeze happens, then yeah YOLO and HODL it. If you're an actual value investor who goes off of fundamentals and outlook then it's a hell no.
Posted on 5/18/21 at 2:48 pm to Chucktown_Badger
What's fundamental about what's going on with the market right now? Use technical analysis to explain the actions of these stocks?
Posted on 5/18/21 at 3:02 pm to IMJ127
quote:
What's fundamental about what's going on with the market right now? Use technical analysis to explain the actions of these stocks?
It appears you've misinterpreted my post. There isn't a way to explain the action of this stock, which is why people who are more traditional value investors would do well to stay away.
Posted on 5/18/21 at 3:08 pm to AbitaFan08
quote:
Again, I'm not here to say AMC is the next GME, but it has had 7 straight days in the green and is on its way to an 8th. That's not a bad position to take, right?
Making money is making money, obviously, but it’s not like you can buy it today and get those 7-8 days of gains credited to your new position. Don’t get me wrong, I’d rather be lucky than good any day of the week. However, buying and hoping for a squeeze of a stock that’s already been squeezed 4 months ago is not typically the thesis people use.
This idea that retail investors are uniting and will never sell is tough to reconcile with the fact that nearly 200% of the float has changed hands in the last 4 trading days? Who sold 820mm shares of it wasn’t retail investors? You’re putting your faith in those folks to hold the line?
Posted on 5/18/21 at 3:11 pm to Chucktown_Badger
quote:
There isn't a way to explain the action of this stock
I disagree, there is an explanation. Demand is driving the price.. whether people agree or disagree with the reason for that demand, well that's another argument.
quote:
people who are more traditional value investors would do well to stay away.
100% agree, traditional investors who want technical analysis to guide them should avoid AMC... especially for the long term. This damn thing is probably gonna be bumpy. But honestly, the market in general right now is getting scary, feels like a major correction coming. Good chance I will be sitting on the sideline soon one way or the other.
Posted on 5/18/21 at 7:51 pm to PennyPacker
Can anyone explain this supposed OCC news to me like I'm 4?
Posted on 5/18/21 at 8:32 pm to AbitaFan08
quote:
Can anyone explain this supposed OCC news to me like I'm 4?
AMC to the moon, obviously.
Posted on 5/18/21 at 8:40 pm to slackster
Ok thanks for the sarcastic comment. Very helpful. I was genuinely asking what it meant, if anything, so I could learn.
Posted on 5/18/21 at 11:27 pm to greygoose
quote:
You've been poo-pooing this stock
Slackster lives up to his name and never brings up new prospects. He only seems to poo-poo on stocks that others bring up. Seems that he never has any originality or new input on a stock that he researches and brought to this board. He's an arm chair quarterback who "slacks".
Posted on 5/19/21 at 4:48 am to AbitaFan08
quote:
Ok thanks for the sarcastic comment. Very helpful. I was genuinely asking what it meant, if anything, so I could learn.
It wasn’t a sarcastic comment. The ruling doesn’t have a single thing to do with AMC, yet anything you find on it will be spun to favor AMC/GME. The AMC/GME gang have this innate ability to take the most insignificant of rule changes and spin them into support for their narrative of AMC/GME to the moon. My comment was simply summing up their take on the rule for you.
Or, for those disinterested parties, you can read the OCC rule and realize they simply lowered their fees for clearing contracts.
Posted on 5/19/21 at 4:50 am to Buck_Rogers
quote:
Slackster lives up to his name and never brings up new prospects. He only seems to poo-poo on stocks that others bring up. Seems that he never has any originality or new input on a stock that he researches and brought to this board. He's an arm chair quarterback who "slacks".
I’d be salty too if I watched HUMBL fall from $7 to less than a dollar. Sorry the dream isn’t materializing so far. Should have listened to me.
Posted on 5/19/21 at 7:01 am to AbitaFan08
quote:
Can anyone explain this supposed OCC news to me like I'm 4?
Not sure of specifics, but every rule change that regulates trading is seen as a benefit by the AMC army.
The share float is 493,000,000. There are 3,200,000 individual retail share holders. This means the average share holder only holds 154 shares. Nobody in the AMC army believes this is accurate, most feels there is at least that many (if not more) synthetic shares being traded.
AMC was able to raise 2 billion dollars through pandemic and can sustain for a few years now as the pandemic ends and theatres open. So the thought is if a margin call can happen and all synthetic shares must be bought back, retail share holders can control the price and make substantial profit.
Naked shorting should be illegal.
Posted on 5/19/21 at 7:07 am to ItNeverRains
quote:
The share float is 493,000,000. There are 3,200,000 individual retail share holders. This means the average share holder only holds 154 shares. Nobody in the AMC army believes this is accurate, most feels there is at least that many (if not more) synthetic shares being traded.
Considering how many shares are held in street name, I can’t imagine how AMC would even go about calculating that number they mentioned on the earnings call.
Posted on 5/19/21 at 8:14 am to slackster
quote:
how AMC would even go about calculating that number they mentioned on the earnings call.
Uhhhh, share count, June 2nd?! Once they get all the shares in a room (real shares on the left, synthetic shares on the right) they'll count off and we'll know once and for all. With today's technology and tracking of trades, this is the only way.
This post was edited on 5/19/21 at 8:15 am
Posted on 5/19/21 at 8:16 am to slackster
quote:
Considering how many shares are held in street name, I can’t imagine how AMC would even go about calculating that number they mentioned on the earnings call.
Based on vote count to allow 500 million shares that was taken off table.
I voted.
Posted on 5/19/21 at 11:07 am to ItNeverRains
I have amc stock should I sell it because it’s down 10%. Or are we ridin
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