Easy come, easy go!
AMC
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Last: 3 yr ago by AgCPA95
BucketofBalls99 said:
Getting absolutely murdered early on..down into the $30s now
So is the rest of the market.
Nothing's changed as far as shorts covering. It hurts to see the red, but I'll get over it.
Bought 10 more.
AMC up $1.31. HOLD! All the down days are due to more dark pool trading and more shorting. Those who stay the course gonna make big $$.
I hate tu. It's in my blood.
Hope you didnt sell sub-$40
Sold everything at $45 yesterday. Average cost basis was $27.
Put in a limit order to buy everything back at $40, and woke up to see that it triggered. Yes! Taking my profits and buying more!
Put in a limit order to buy everything back at $40, and woke up to see that it triggered. Yes! Taking my profits and buying more!
What a red then green 10 dollar trading day.
Good call.Snap E Tom said:
Sold everything at $45 yesterday. Average cost basis was $27.
Put in a limit order to buy everything back at $40, and woke up to see that it triggered. Yes! Taking my profits and buying more!
I'm still an xxxx holder.
I felt a little weak this morning but it passed.
Vade281 said:
What a red then green 10 dollar trading day.
Crazy day. I bought a bunch just below $40 and sold all but 1 lot near $49. I hope I get the chance to buy the others back.
FED REPORT: MOST MEASURES OF HEDGE FUND LEVERAGE ARE NOW ABOVE THEIR HISTORICAL AVERAGES
— *Walter Bloomberg (@DeItaone) July 9, 2021
Pretty boring so far today
Jet Black said:FED REPORT: MOST MEASURES OF HEDGE FUND LEVERAGE ARE NOW ABOVE THEIR HISTORICAL AVERAGES
— *Walter Bloomberg (@DeItaone) July 9, 2021
So that means?
That they have possibly borrowed too much money and will be unable to pay interest payments, principal repayments, or maintain payments for its operating expenses due to the debt.
Somebody else might be about to explain it better then me.
Somebody else might be about to explain it better then me.
WTF?
It's a company recently on the edge of bankruptcy that should have never been a buy and hold. The only way to play these is to ride short term momentum - not wait for ADD zoomers to drop all of their unemployment checks into a meme.
I've been thinking about your post a lot and I think you might be right. This stock was worth around $16 a year before the pandemic and maybe $9 before Covid became a thing. Since then, they have less people going to the movies and the float has increased 10 fold.KT_Ag08 said:
It's a company recently on the edge of bankruptcy that should have never been a buy and hold. The only way to play these is to ride short term momentum - not wait for ADD zoomers to drop all of their unemployment checks into a meme.
It's kind of crazy when you think about it to hold a stock for months and months that is trading at $40 to $60 when the stock should really be selling at $1 to $3 if there was no short squeeze potential.
You're exactly right. I think others have mentioned it on this thread but if you see signs of a squeeze there's always time to jump in. Buying and holding is asking to lose money here.
I've been on the wrong side of pump and dumps and while this isn't exactly the same thing it is pretty close. Be cautious at throwing money at something that at this time is relying on other similarly minded people to keep throwing good money after bad to see upward movement in the stock price. The company isn't going to announce anything in the foreseeable future that will justify these prices/this valuation. That would call for a complete revamp in their business model and years of evidence that said model is working.
I've been on the wrong side of pump and dumps and while this isn't exactly the same thing it is pretty close. Be cautious at throwing money at something that at this time is relying on other similarly minded people to keep throwing good money after bad to see upward movement in the stock price. The company isn't going to announce anything in the foreseeable future that will justify these prices/this valuation. That would call for a complete revamp in their business model and years of evidence that said model is working.
So with that what about all of these shorts that everyone was talking about and the calls that people were taking out?
I am thinking that I will jump back in if it starts shooting to the moon. I will set an alert and not mess with it between now and then.hoodlum98 said:
So with that what about all of these shorts that everyone was talking about and the calls that people were taking out?
I think the holders have a decent chance of becoming bag holders. If it goes to the moon I will be worse off for not holding now but if it doesn't I will be much better off.
Hopefully there is another bounce. If there is, I'm out. Chances of a squeeze, imo, are minuscule.
Right now you could get hold, sell diagonals (shorter term calls with higher strike against the calls you've purchased) or cost average down if you think this is simply a 50% retracement. If you think it's going down you could get out or buy near-term puts. I would refrain from shorting, selling puts, or selling calls you don't have covered on meme stocks.
I just sold and took my loss to this point. I'm not going to keep watching it tick down and down each day until it bleeds out. Got to at least make sure I get something out of it.
Buy puts.
I wish I would have. I knew it was going to drop to at least this level which is why I sold almost everything yesterday and the last few shares this morning.KT_Ag08 said:
Buy puts.
It didn't even occur to me to buy them. Lesson learned.
I don't think the free fall is done especially with the macro markets seemingly weak right now. If you have some profits I'd take a small position and set a stop loss at around 75% of your entry.
Finally got out. Still made a small profit. Just couldn't hold anymore.
I bought in at $7, sold 1/3 of my position at $26 to get at least my principle back. The remaining 2/3 of my position I'm hodling, ride or die.
Still holding despite the losses. LFG
I'm disappointed that I didn't sell at 70 I could've bought back in and had 3x the shares I have now. I covered my initial investment a few weeks ago so I'm fine with seeing how this plays out. Just wish I had more to play with!
Nailed a set of calls and a set of puts today. Glad to break a losing streak
Been selling calls all over the place but man this thing looks donesky
Yeah but I learned my lesson with GME when I thought it was hopeless...
Shorts haven't covered and my conviction is there. If it was just AMC/GME down, I'd be more worried. When the whole market is red...I'm good!
Shorts haven't covered and my conviction is there. If it was just AMC/GME down, I'd be more worried. When the whole market is red...I'm good!
Are people going to be using the shorts haven't covered line as the price drops all the way to single digits? Makes no sense. Lots of folks putting a lot of faith into something that may not even happen.
Yes. My cost basis is also in the 8's so no worries on my end. I held GME when it went back down to 50 and now back up. Also, it's all play money so not a part of my retirement funds.
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