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Started By
Message
What is the better move today? (GME or AMC)
Posted on 1/29/21 at 11:02 am
Posted on 1/29/21 at 11:02 am
Warning: Lots of newbie questions. Thanks in advance!
I'm very new to this (started Wednesday). I currently own 2.45 shares of GME @ $366.64 and 5.22 shares of AMC @ $19.15. Apparently, I timed the high point of the market on my very first day!
I have another $1k that I'm okay with losing. So, should I buy GME, AMC, or something else?
Also, should I buy now or closer to the closing bell? Or maybe next week?
Or, should I wait for it to drop under a certain cost?
I'm very new to this (started Wednesday). I currently own 2.45 shares of GME @ $366.64 and 5.22 shares of AMC @ $19.15. Apparently, I timed the high point of the market on my very first day!
I have another $1k that I'm okay with losing. So, should I buy GME, AMC, or something else?
Also, should I buy now or closer to the closing bell? Or maybe next week?
Or, should I wait for it to drop under a certain cost?
7
Posted on 1/29/21 at 11:05 am to bringonusc
The media is truly doing a disservice to retail investors right now. They’ve provided more publicity to this than WSB has. 
Posted on 1/29/21 at 11:08 am to bringonusc
quote:I'll give you my reasoning for going with AMC over GME.
Warning: Lots of newbie questions. Thanks in advance!
I'm very new to this (started Wednesday). I currently own 2.45 shares of GME @ $366.64 and 5.22 shares of AMC @ $19.15. Apparently, I timed the high point of the market on my very first day!
I have another $1k that I'm okay with losing. So, should I buy GME, AMC, or something else?
Also, should I buy now or closer to the closing bell? Or maybe next week?
Or, should I wait for it to drop under a certain cost?
I was late for the GME play. To me, AMC had more upside due to the lower price point. Small investors could buy AMC at $12-20/share, but GME priced a lot of people out when it got close to $400/share.
Also, there a strong possibility that AMC could triple fromm $15, but what's the chance GME would at $350?
Posted on 1/29/21 at 11:13 am to greygoose
quote:
I'll give you my reasoning for going with AMC over GME.
Thanks! Personally, I was thinking something along the same lines. My question now is do I buy now at ~$16 or do we expect it to dip before closing?
I was trying to buy yesterday when it dipped to ~$8, but of course was shut out!
Posted on 1/29/21 at 11:15 am to bringonusc
Don't buy either. They are simply tools to strike back at hedgefunds at this point. Sell what you have and invest in solid companies.
Posted on 1/29/21 at 11:16 am to bringonusc
quote:I'm not giving advice, but I expect this to be above $20 during the 2pm hour. Maybe before. After hours is going to be fireworks!
Thanks! Personally, I was thinking something along the same lines. My question now is do I buy now at ~$16 or do we expect it to dip before closing?
I was trying to buy yesterday when it dipped to ~$8, but of course was shut out!
Posted on 1/29/21 at 11:18 am to greygoose
quote:
AMC had more upside due to the lower price point. Small investors could buy AMC at $12-20/share
Share price is irrelevant, and most people have access to buy partial shares... but maybe everyone does not see it that way?
Posted on 1/29/21 at 11:18 am to bringonusc
To be honest, I'm strongly considering dropping another $5K on it right now.
Posted on 1/29/21 at 11:22 am to bringonusc
AMC has potential to have a nice gain due to the hype everywhere and low price point at this time. GME has the potential to go supernova but is very expensive.
Up to your risk tolerance.
Up to your risk tolerance.
Posted on 1/29/21 at 11:22 am to UltimaParadox
quote:
Share price is irrelevant, and most people have access to buy partial shares... but maybe everyone does not see it that way?
I agree with you in both regards...share price is irrelevant, and most folks don't see it that way. Also, FWIW, Fidelity won't let me buy partial shares of GME, although they do let me buy full shares (so good on them through this whole thing) of GME and partials of other stocks.
Posted on 1/29/21 at 11:29 am to NEMizzou
quote:While I agree that share price is irrelevant, there is the psychological effect. $350 is a lot to some, while $15 isn't. In this case, the goal is to get people to buy the stock, forcing the hedges to cover at a huge price. Getting FOMO on a low priced stock can create exponential returns. The key is getting FOMO. Harder to do with a much higher priced stock.
I agree with you in both regards...share price is irrelevant, and most folks don't see it that way. Also, FWIW, Fidelity won't let me buy partial shares of GME, although they do let me buy full shares (so good on them through this whole thing) of GME and partials of other stocks.
Posted on 1/29/21 at 11:32 am to greygoose
quote:
In this case, the goal is to get people to buy the stock, forcing the hedges to cover at a huge price
AMC and GME are not even comparable in the setup. But I guess I am missing the point that people see AMC as cheap and that is shooting the price up
Posted on 1/29/21 at 11:33 am to NEMizzou
Also, consider that most who are use platforms that allow for fractional shares, probably don't have tons of money to invest. Otherwise, they'd have an account that allows pre-market and after hour trades.
Robinhood isn't meant for the guy with lots of money to invest.
Robinhood isn't meant for the guy with lots of money to invest.
Posted on 1/29/21 at 11:35 am to greygoose
quote:
consider that most who are use platforms that allow for fractional shares,
I was pretty sure most app-centric brokerage platforms like Robinhood, are the ones who really push fractional shares???
Posted on 1/29/21 at 11:36 am to Jake88
quote:
Don't buy either. They are simply tools to strike back at hedgefunds at this point. Sell what you have and invest in solid companies.
i hate to say but i agree with this. i wouldn't want to fight a market war with hedge funds.
at the end of this they may lose a bunch of money, but you may lose all of yours
Posted on 1/29/21 at 11:36 am to UltimaParadox
Two different plays.
GME might still be a big squeeze play, not clear to me.
AMC is almost pure momentum and publicity to me. But I’m in it cheap and loving this. Trying to figure out the exit point and for me that might be soon.
Just a real amateur take from someone using play money here
GME might still be a big squeeze play, not clear to me.
AMC is almost pure momentum and publicity to me. But I’m in it cheap and loving this. Trying to figure out the exit point and for me that might be soon.
Just a real amateur take from someone using play money here
Posted on 1/29/21 at 11:38 am to bringonusc
Volume right now
AMC: 361million
GME: 27mill
AMC: 361million
GME: 27mill
This post was edited on 1/29/21 at 11:39 am
Posted on 1/29/21 at 11:38 am to Dawgfanman
Anyone know why the mods locked WSB comments?
Posted on 1/29/21 at 11:39 am to Dawgfanman
quote:same. I got in at 4.6 and sold enough to get basis out. Now I'll just watch and enjoy the ride.
AMC is almost pure momentum and publicity to me. But I’m in it cheap and loving this. Trying to figure out the exit point and for me that might be soon.
Posted on 1/29/21 at 11:40 am to Dawgfanman
quote:
GME might still be a big squeeze play, not clear to me.
quote:
AMC is almost pure momentum and publicity to me.
quote:sop which is it. are you an amateur and just throwing out Bs? or do you know the specifics?
Just a real amateur take from someone using play money here
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