AMC

155,717 Views | 1191 Replies | Last: 3 yr ago by AgCPA95
mattbro2014
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In reply to Jet Black • 6:10p, 6/1/21
AG
Jet Black said:
Over $36 Ah

Edit: just passed $37


Lets goooo
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mattbro2014
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6:23p, 6/1/21
AG
Just passed $39 AH
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biglebowski
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6:27p, 6/1/21
Well this is getting fun
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Philip J Fry
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6:33p, 6/1/21
AG
I'm going to be sick. Used to own 600 shares, but liquidated back during the Robinhood shenanigans. Now I just have 30.
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BucketofBalls99
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6:45p, 6/1/21
I almost bought more this morning at $30, but didn't
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Dad
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In reply to Philip J Fry • 7:10p, 6/1/21
AG
Philip J Fry said:
I'm going to be sick. Used to own 600 shares, but liquidated back during the Robinhood shenanigans. Now I just have 30.

If it moons, $38 is a steal.

If you don't want to buy at that price I will put P J Fry as my plates on my lambo in your honor.
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jamey
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7:11p, 6/1/21
AG
I bought a little at 30$ and put in a stop market at 28 when it hit 31.

I'll probably just keep raising the limit
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Jet Black
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7:11p, 6/1/21
I'm going to have hard time holding if it hits $100.
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Dad
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In reply to Jet Black • 7:26p, 6/1/21
AG
Jet Black said:
I'm going to have hard time holding if it hits $100.

I will have the same problem but that is why I have around 2,100 shares. Most are held with my diamond hand but maybe 40% are held with my paper hand.
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Philip J Fry
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7:36p, 6/1/21
AG
My lotto money is tied up in CLOV at the moment.
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Greendale 87
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7:55p, 6/1/21
AG
Worlds worst trade from back in January. If I held this would be worth 70K!

Reference this post as definition of "paper hands"

Sale AMC
2,000 shares
$2.96
$5,919.87

Buy
AMC
2,000 shares
$3.00
($5,990.00)

All is good....let's be honest, AMC is more gambling than investing at this point. Nothing wrong with that -- I love gambling!
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Jet Black
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In reply to jamey • 8:04p, 6/1/21
jamey said:
I bought a little at 30$ and put in a stop market at 28 when it hit 31.

I'll probably just keep raising the limit


That's what I have been doing. If it tanks, I will at least get my initial investment back.
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Philip J Fry
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12:24a, 6/2/21
AG
Been reading WSB. Do you guys actually think $100 is feasibly?
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PDEMDHC
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In reply to Greendale 87 • 5:53a, 6/2/21
AG
$90k as of an hour ago
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BucketofBalls99
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7:03a, 6/2/21
Geez, I don't think activity on this ever went to sleep. It's already at it this morning.
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biglebowski
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7:10a, 6/2/21
I think AMC is going to make a big run once it stays over $40 resistance marker.
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wareagle044
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In reply to Philip J Fry • 7:28a, 6/2/21
Philip J Fry said:
Been reading WSB. Do you guys actually think $100 is feasibly?


$100? Absolutely. $100k? Possible, but not likely. I see this thing in 4 digits though. This thing still hasn't even squeezed. I would imagine that it will.
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Brian Earl Spilner
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7:39a, 6/2/21
AG
People keep saying there hasn't been a squeeze. This thing is up 200% in like a week.

How exactly do you define what a squeeze is?
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jamey
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In reply to wareagle044 • 7:55a, 6/2/21
AG
wareagle044 said:
Philip J Fry said:
Been reading WSB. Do you guys actually think $100 is feasibly?


$100? Absolutely. $100k? Possible, but not likely. I see this thing in 4 digits though. This thing still hasn't even squeezed. I would imagine that it will.


How is 100k, or even 10K possible?
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wareagle044
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In reply to jamey • 8:04a, 6/2/21
jamey said:
wareagle044 said:
Philip J Fry said:
Been reading WSB. Do you guys actually think $100 is feasibly?


$100? Absolutely. $100k? Possible, but not likely. I see this thing in 4 digits though. This thing still hasn't even squeezed. I would imagine that it will.


How is 100k, or even 10K possible?


People hold/buy as they intend and the manipulation/illegal shorting tactics that's expected comes to fruition.

Hedgefunds had a finite time and a curtain in the pandemic to run what was a sure-fire short on these businesses so they pushed illegal shorts into the market place to help meet that timeline and expedite the process. If the business failed (and they would've had this not been caught) - no one would be the wiser bc of the pandemic. The Hedgefunds were caught with their hand in the cookie jar....retail nabbed up 80% of the AMC shares (including the fake illegal shares they created to drive price down)...now ALL of those shares have to be purchased back - even the fake ones. It's believed there are up to 3x the actual share amount floating in the market place. Retail owns them...and they have to buy all of them back....

Retail determines the price...
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jamey
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8:08a, 6/2/21
AG
I guess I don't understand how there are fake shares
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Dad
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In reply to Brian Earl Spilner • 8:32a, 6/2/21
AG
Brian Earl Spilner said:
People keep saying there hasn't been a squeeze. This thing is up 200% in like a week.

How exactly do you define what a squeeze is?

In order to short a stock, you borrow the share from a lender, sell at the current price, pay interest on the amount borrowed to your lender while it is borrowed, and then when the price goes down enough you buy the share back at a much lower price and keep the difference in price minus interest paid as profit.

These hedge funds shorted AMC a bunch when the price was much lower than it is now. They still haven't returned the stocks because they were expecting to buy the stocks back at a very low price. They keep paying the interest. If we push the price high enough they will owe the lenders so much that the lendees will demand to have their stocks returned. This will cause the short squeeze because the hedge funds will need to buy 90 million plus AMC stocks in a short window of time and since apes won't sell at a normal price supply and demand will drive the price to some artificially high level for a period of time.
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BucketofBalls99
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8:52a, 6/2/21
We're at $40!!
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wareagle044
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In reply to jamey • 8:53a, 6/2/21
jamey said:
I guess I don't understand how there are fake shares


Naked shorting. There's some YouTube out there that can probably explain it better than me.
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Mondo Ag
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8:59a, 6/2/21
AG
Bought another 200 shares with the last of my fun money. Hope it hits 45 today!
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superunknown
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9:07a, 6/2/21
AG
Any of you into BB as well? Seems to be signs of life.

Still quite shocked as of a minute ago AMC was over $40. Feeling quite ape-like over here.
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Jet Black
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9:07a, 6/2/21
I really hope that if it rockets up, it does it quickly, so my paper hands don't have time to get all papery.
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Brian Earl Spilner
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In reply to Dad • 9:12a, 6/2/21
AG
Right, I'm aware of how it all works from the GME days. But how much of a % spike do you need before you consider it a short squeeze?
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what say you
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In reply to wareagle044 • 9:13a, 6/2/21
4 digits.... as in the $1000+ per share.... based upon what exactly? I guess I just don't understand why or how it would be 4x higher than GME or any other Reddit stock?
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Dad
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In reply to Brian Earl Spilner • 9:14a, 6/2/21
AG
Brian Earl Spilner said:
Right, I'm aware of how it all works from the GME days. But how much of a % spike do you need before you consider it a short squeeze?

It has nothing to do with the percentage spike. We will know the squeeze has started when they start covering their shorts. Yesterday, they covered nothing and shorted even more.

The day will come when the price goes crazy high and shorts start getting covered and that will be the short squeeze.
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Brian Earl Spilner
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In reply to Dad • 9:21a, 6/2/21
AG
I thought the short squeeze was the actual increase in price itself.

Quote:
The day will come when the price goes crazy high
This is what I mean. It already is pretty crazy high.
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Jet Black
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9:32a, 6/2/21
Bought another 50 shares.
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ChiefAggieton
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In reply to Brian Earl Spilner • 9:37a, 6/2/21
Brian Earl Spilner said:
I thought the short squeeze was the actual increase in price itself.

Quote:
The day will come when the price goes crazy high
This is what I mean. It already is pretty crazy high.
Not nearly as high as it will be. Hold!
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DallasAg2
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9:55a, 6/2/21
AG
Wish I would have bought AMC but I bought BB. How high do you think it goes?
I am hoping for $20
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wareagle044
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In reply to what say you • 10:27a, 6/2/21
what say you said:
4 digits.... as in the $1000+ per share.... based upon what exactly? I guess I just don't understand why or how it would be 4x higher than GME or any other Reddit stock?


None of the Reddit stocks have squeezed. It's just really a matter of which one covers first and which has the most pressure. GME will squeeze as well. It's time was cut short when trading was halted in January. There's life in that one too. They may all squeeze. It just depends on the shorts exit strategies for each one, I suppose.
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