Dad said:

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BucketofBalls99 said:

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Thoughts on jumping in on more at this point?

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Take everything I say with a grain of salt because I am extremely biased, but I think it is going to go up a lot more from where it is now, squeeze or no squeeze. If you believe in the squeeze buy now and sell at $900 and if you don't buy now and sell when the apes push it to $70+ in the next week or two.

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So what is your current strategy?

https://www.google.com/amp/s/www.cnbc.com/amp/2021/06/07/interactive-brokers-chair-thomas-peterffy-dont-be-short-meme-stocks.html

Dad said:

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cmk10 said:

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Dad said:

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BucketofBalls99 said:

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Thoughts on jumping in on more at this point?

---

Take everything I say with a grain of salt because I am extremely biased, but I think it is going to go up a lot more from where it is now, squeeze or no squeeze. If you believe in the squeeze buy now and sell at $900 and if you don't buy now and sell when the apes push it to $70+ in the next week or two.

---

So what is your current strategy?

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I sold about 40% of my shares at the peak today and got my initial investment back plus another 22k.

I am thinking about putting in one those stop loss orders just in case it craps out again but if that doesn't happen I will ride it out and sell a little bit at a time on the way up. I still have over 1,200 shares. Based on reddit math, that could be worth over $600,000,000. I'm not sure where that money would come from and why it would ever go so high but reddit says you are a shill if you don't believe that.

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Holy crap! That's a lot of money to sink into something like AMC.....but it paid off for you....

Dad said:

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cmk10 said:

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Dad said:

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BucketofBalls99 said:

---

Thoughts on jumping in on more at this point?

---

Take everything I say with a grain of salt because I am extremely biased, but I think it is going to go up a lot more from where it is now, squeeze or no squeeze. If you believe in the squeeze buy now and sell at $900 and if you don't buy now and sell when the apes push it to $70+ in the next week or two.

---

So what is your current strategy?

---

I sold about 40% of my shares at the peak today and got my initial investment back plus another 22k.

I am thinking about putting in one those stop loss orders just in case it craps out again but if that doesn't happen I will ride it out and sell a little bit at a time on the way up. I still have over 1,200 shares. Based on reddit math, that could be worth over $600,000,000. I'm not sure where that money would come from and why it would ever go so high but reddit says you are a shill if you don't believe that.

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Will you plan to sell
More at $100 or are you just gonna see where it goes this week?

Quote:

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I still have over 1,200 shares...

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Quote:

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Holy crap! That's a lot of money to sink into something like AMC..

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Keep in mind share price was like $2 just a few months back.

wcb said:

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Quote:

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I still have over 1,200 shares...

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Quote:

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Holy crap! That's a lot of money to sink into something like AMC..

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Keep in mind share price was like $2 just a few months back.

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I went back and checked his post history on this thread. It looks like he picked up a lot of the shares in May, when it was way higher than that.

jtraggie99 said:

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wcb said:

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Quote:

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I still have over 1,200 shares...

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Quote:

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Holy crap! That's a lot of money to sink into something like AMC..

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Keep in mind share price was like $2 just a few months back.

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I went back and checked his post history on this thread. It looks like he picked up a lot of the shares in May, when it was way higher than that.

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My average was $14.50 a share. Most were bought at $12 but I kept buying as it went up.

Dad said:

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jtraggie99 said:

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wcb said:

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Quote:

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I still have over 1,200 shares...

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Quote:

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Holy crap! That's a lot of money to sink into something like AMC..

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Keep in mind share price was like $2 just a few months back.

---

I went back and checked his post history on this thread. It looks like he picked up a lot of the shares in May, when it was way higher than that.

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My average was $14.50 a share. Most were bought at $12 but I kept buying as it went up.

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My biggest regret is that I didn't buy more. I came close several times. Oh well...if I got it right all the time, I'd be driving nicer vehicles.

Briefly over $60

I'm feeling better about changing out of my 600 shares of AMC and putting it all in CLOV, but dang. Can't help but do the 600 x 60 math right now.

Philip J Fry said:

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I'm feeling better about changing out of my 600 shares of AMC and putting it all in CLOV, but dang. Can't help but do the 600 x 60 math right now.

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I kind of wish I had done that this morning. When I saw a video that mentioned Clov, AMC was at 59 and Clov was maybe 16. I could have done the switch and then switched back now and pulled cash out.

If AMC hits 59 again I am selling all of my shares planning to buy it back when it drops to 55.

Dad said:

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Philip J Fry said:

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I'm feeling better about changing out of my 600 shares of AMC and putting it all in CLOV, but dang. Can't help but do the 600 x 60 math right now.

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I kind of wish I had done that this morning. When I saw a video that mentioned Clov, AMC was at 59 and Clov was maybe 16. I could have done the switch and then switched back now and pulled cash out.

If AMC hits 59 again I am selling all of my shares planning to buy it back when it drops to 55.

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So tomorrow ??

Think it ends in the mid 60s this week?

cmk10 said:

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Think it ends in the mid 60s this week?

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If it breaks 60-62 it should test all-time high. If it breaks all time high it's probably a race to $100+

the goal for bears will be to beat it down below $40 by June 18 bc the ITM options are insanely high. Wouldn't surprise me to see it close Friday at $48 to try and make that battle more manageable next week. They beat the price up all day today and it still close .05 green - I think it's getting harder and harder to keep a lid on this thing for those wanting to push it down.

I just wonder how many bullets they have left to keep trying to take it lower you have no plans to sell?

GME just announced more votes than shares. If it happened to GME, you bet your sweet ass it's happened to AMC, and maybe way, way worse.

Bought a little GME today for the squeeze, but $27 AMC is going to be my meal ticket.

Edit: Misinformation!

Diamond hands

of course I'm never selling, this has nothing to do with money
I just like the stock

Y'all think t his is just after hours sell off manipulation?

Do you have a link to that info? Not questioning at all. Just want to read or see it.

cmk10 said:

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Do you have a link to that info? Not questioning at all. Just want to read or see it.

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No worries.

As of June 2, AMC had 501,780,240 total outstanding shares. AMC’s number of shareholders in the U.S. and abroad has increased to about 4.1 million, and you own more than 80% of AMC. While some own more and some own less, the average stockholding for AMC is about 120 shares.

— Adam Aron (@CEOAdam) June 9, 2021

"As of June 2, AMC had 501,780,240 total outstanding shares. AMC's number of shareholders in the U.S. and abroad has increased to about 4.1 million, and you own more than 80% of AMC. While some own more and some own less, the average stockholding for AMC is about 120 shares."

4.1 million shareholders at 120 shares = 492 million shares.

Yahoo Finance says 0.33% owned by insiders, which is 1.6 million.

https://finance.yahoo.com/quote/AMC/holders?p=AMC

Morningstar says institutional owners hold 18%, which would be 81.5 million.

https://www.morningstar.com/stocks/xnys/amc/ownership


492 + 1.6 + 81.5 = 575 million. 575 > 501.

That 492 doesn't include oversees retail investors. There are a lot but probably not significant.


Oh yeah, Ortex says short interest is 102 million as of today, and I believe that goes into the "accounted for" column, so 677 million. So 135% of the total.

I think it's just not clearly written and the 4.1million is total shareholders not just retail, but 80% of total shares are held by retail(should have been in a separate sentence)

We just want our popcorn

EliteZags said:

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I think it's just not clearly written and the 4.1million is total shareholders not just retail, but 80% of total shares are held by retail(should have been in a separate sentence)

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Nope. 4.1M retail with an average of 120 shares each

Awesome if true.

Yeah. I'm tempted to buy some
More shares tomorrow