re: Next up for the Reddit Army: AMC

Posted by Me Bite

A.K.A. - Bite Me

Member since Oct 2007

7149 posts

Posted on 1/27/21 at 9:03 am to tenderfoot tigah

Just put a sell order in at $15... hopefully it comes back up.

Posted by buckeye_vol

Member since Jul 2014

35359 posts

Posted on 1/27/21 at 9:04 am to dcw7g

quote:
Can someone explain what’s happening here with AMC?

From my understanding, the Wall Street Bets bunch is targeting certain stocks that hedge funds have taken a considerable short position on, and they’re getting the retail investors of the world to buy up the stocks to drive up price and cause a short squeeze.

Posted by FMtTXtiger

Member since Oct 2018

4569 posts

Posted on 1/27/21 at 9:04 am to Large Farva

bro, take some profits, keep original investment.

Posted by rocket31

Member since Jan 2008

41861 posts

Posted on 1/27/21 at 9:05 am to buckeye_vol

this isn't a walstreet bets pump

op is misleading everyone

3 ...

Posted by PotatoChip

Member since May 2014

4216 posts

Posted on 1/27/21 at 9:05 am to FMtTXtiger

It halts every time it opens, this time to the upside finally

Posted by LSUtigerME

Walker, LA

Member since Oct 2012

3894 posts

Posted on 1/27/21 at 9:05 am to FMtTXtiger

I’m in at $12

Let’s see what happens

Posted by KiwiHead

Auckland, NZ

Member since Jul 2014

33196 posts

Posted on 1/27/21 at 9:07 am to LSUAlum2001

have fun with this, but long term GME is a mangey dog. They are not making money. The fundamentals are shite...this id a bunch of kids waxing all nostalgic about a company that was going to shite even before the pandemic. You may be thinking you are fricking the short sellers, but there are legit reasons why hedge funds exist and why GME is heavily shorted. Hedge funds do provide a service in their shorts.

Posted by dcw7g

Member since Dec 2003

2139 posts

Posted on 1/27/21 at 9:07 am to buckeye_vol

quote:
From my understanding, the Wall Street Bets bunch is targeting certain stocks that hedge funds have taken a considerable short position on, and they’re getting the retail investors of the world to buy up the stocks to drive up price and cause a short squeeze.

Greek to me. Appreciate the effort though.

Posted by Chucktown_Badger

The banks of the Ashley River

Member since May 2013

34171 posts

Posted on 1/27/21 at 9:07 am to Chucktown_Badger

AMC halted?

My options updated...up almost 600% on that in less than 24 hours.

Posted by castorinho

13623 posts

Member since Nov 2010

84660 posts

Posted on 1/27/21 at 9:08 am to KiwiHead

Thanks, Boomer!

Posted by AUHighPlainsDrifter

South Carolina

Member since Sep 2017

3179 posts

Posted on 1/27/21 at 9:08 am to KiwiHead

Is that you, Melvin?

Posted by xenythx

Member since Dec 2007

33097 posts

Posted on 1/27/21 at 9:09 am to rocket31

quote:
this isn't a walstreet bets pump

op is misleading everyone

It's more of a result of the FOMO caused by the GME situation. AMC was being mentioned in all the news reports and message boards as being one of the next shorted companies due for a squeeze, and it was at a nice price point for all the new regular joes and janes to dip their toes in.

Posted by JDPndahizzy

JDP

Member since Nov 2013

6841 posts

Posted on 1/27/21 at 9:09 am to LSUtigerME

In at 13.18

Posted by rocket31

Member since Jan 2008

41861 posts

Posted on 1/27/21 at 9:10 am to xenythx

essentially. hedge funds bought this low and then used sock puppets on wsb to pump it

wsb generally does not gaf about this stock

This post was edited on 1/27/21 at 9:11 am

Posted by LSUAlum2001

Stavro Mueller Beta

Member since Aug 2003

47445 posts

Posted on 1/27/21 at 9:10 am to rocket31

quote:
this isn't a walstreet bets pump

op is misleading everyone

I'm just going by that group's mindset.

Short Interest % on AMC is 3rd highest as of 12/31, and those guys are looking for 10x potential, and AMC was sitting ripe at $5/share at close yesterday.

I tried getting in before the bell yesterday and could not.

This post was edited on 1/27/21 at 9:12 am

Posted by donRANDOMnumbers

Hub City

Member since Nov 2006

17209 posts

Posted on 1/27/21 at 9:11 am to JDPndahizzy

in for a small car at 13.67 on AMC. leggo

also grabbed BB and NOk this morning. not as much activity with those tho

Posted by rocket31

Member since Jan 2008

41861 posts

Posted on 1/27/21 at 9:16 am to LSUAlum2001

quote:
AMC was sitting ripe at $5/share at close yesterday.

right

big boys bought this yesterday under $5. sent out media and articles that it was the next target for wsb because of the short interest % theory. now everyone is fomo'ing into it lol

Posted by KiwiHead

Auckland, NZ

Member since Jul 2014

33196 posts

Posted on 1/27/21 at 9:16 am to AUHighPlainsDrifter

Tell me where I am wrong. Game Stop was closing outlets and kids are downloading games from the source. GME is a dinosaur floundering about in the wake of a meteor hit. AMC could be salvageable.

What's so bad about putting down a dog that is terminal with rabies?