Amc shares

daheff

Craig_David wrote: »

Big move at the open.
What do Blackberry actually do these days I wonder?
Cant remember the last time I seen a Blackberry phone..

i thought they moved into security side of things, as that was one of their big selling points?

JeffKenna

Took a nibble at $39...small money

banie01

That effort to drop the price from pre-market highs to the mid 30s can't have been cheap?
And given how quickly the price has gone back over $60 again today, it can't have triggered many stop losses either?

Seriously looking like a gamma squeeze could be incoming with Fintel short score tightening all the time.
https://twitter.com/trey53881765/status/1400469700673421316?s=19

cal naughton

From minus 30% to plus 10% is an incredible turn around.

banie01

cal naughton wrote: »

From minus 30% to plus 10% is an incredible turn around.

It's a swing I've never actually seen in an "established" stick before.
Yes, in penny stocks and obviously in crypto but never in a mid-cap.

It's both amazing and terrifying.

c.p.w.g.w

Bought a few, at 12$ per share(400$ total) a few months back...so it's at about 1600$ now

daheff

cal naughton wrote: »

From minus 30% to plus 10% is an incredible turn around.

I think it topped 75 in pre trade, dropped to 37.66, back to 68 and now around 49.

Crazy wild swings. Big money to be made for day traders....which is probably what shorts want to kick their can down the road a little longer

banie01

Jefferies and Raymond James, 2 prime brokers are now restricting shorts in AMC, GME and MVS.
Other restrictions in place now too, including margin trading and naked options.
AMC also issued a trade risk warning.

https://seekingalpha.com/news/3702925-amc-down-25-warns-investors-they-could-lose-everything-jefferies-halts-amc-shorts

empacher

Have 210 shares with a little over 10k profit. Anyone know the best broker for options trading? Was looking at webull but its just US

daheff

Apparently there was an AMA with Adam Aaron & Trey yesterday. Aaron let his camera slip to show he wasn't wearing anything on his bottom half

Some of the redditors reckon that was his way of showing they know there are naked shorts

cc87

They also issued a warning telling people not to buy the new share offering as it doesn't represent fair value for the company and people could lose everything.
Although this is probably to keep them safe from lawsuits down the road whenever the stock does lose value.

https://www.marketwatch.com/story/heres-amcs-blunt-new-warning-to-prospective-buyers-of-its-new-stock-offering-11622724514?mod=home-page

banie01

cc87 wrote: »

They also issued a warning telling people not to buy the new share offering as it doesn't represent fair value for the company and people could lose everything.
Although this is probably to keep them safe from lawsuits down the road whenever the stock does lose value.

https://www.marketwatch.com/story/heres-amcs-blunt-new-warning-to-prospective-buyers-of-its-new-stock-offering-11622724514?mod=home-page

America being as litigious as it is, that's very likely why the warning was issued.

I'd hope however, that anyone throwing some money at they current short squeeze plays is aware that they aren't buying the company at a fundamental or even realistic value?

They are instead betting that those shorting the stock are going to be forced into a position where they either have to buy stock at market to cover their naked short, or liquidate.

DeanAustin

banie01 wrote: »

America being as litigious as it is, that's very likely why the warning was issued.

I'd hope however, that anyone throwing some money at they current short squeeze plays is aware that they aren't buying the company at a fundamental or even realistic value?

They are instead betting that those shorting the stock are going to be forced into a position where they either have to buy stock at market to cover their naked short, or liquidate.

You’re probably right but that’s mad. If you’re investing, you have to be prepared to lose everything in a worst case scenario. Especially investing in the likes of AMC and GME because it’s basically gambling. There’s nothing that supports the current share prices other than momentum and sentiment. And no one really has a clue how this will play out. I’m fairly sure it’ll end with both stocks collapsing but I’d expected that to happen by now. There’s probably a bit left in the rollercoaster yet.

I lost two grand on GME through my own stupidity. Was sick for a week over it but I knew the risk. Got in on AMC at $17 for 10 shares for a bit of craic but it’s not investing. Those shares could turn to dust in a day or two. If anyone doesn’t understand that much, they shouldn’t be investing let alone contemplating legal action.

Super-Rush

Up over €10k on AMC but i am raging i didn't buy more when it was sub $10.

I thought my eyes were playing tricks on me yesterday but AMC and GME traded identically.

When one went up the other followed, same when it dipped. There is a lot of fuc*ery going on with both GME and AMC at the moment and the volatility is just insane.

Today will be an interesting day. If it breaks out again over $70 then who knows what can happen.

cal naughton

I agree with the sentiments expressed in the last few posts. With play's like AMC and GME it is crucial that you recoup the initial investment then you can enjoy the game as it plays out with a free hit

Super-Rush

cal naughton wrote: »

I agree with the sentiments expressed in the last few posts. With play's like AMC and GME it is crucial that you recoup the initial investment then you can enjoy the game as it plays out with a free hit

100%

If at any stage i come close to my initial investment, I'm out.

banie01

Super-Rush wrote: »

Up over €10k on AMC but i am raging i didn't buy more when it was sub $10.

I thought my eyes were playing tricks on me yesterday but AMC and GME traded identically.

AMC GME and KOSS have been trading in near identical patterns for months.
The stocks that are known shorts from @November have all followed each other fairly tightly that is IMO very demonstrative of manipulation.

I have my initial investment out on both AMC and GME but as I posted on memestock thread a few weeks ago.
DFV's thesis is becoming more and more likely to be the correct one and given AMC have a vote count underway?
It's hardly a coincidence that Adam Aron had his shorts uncovered during the Trey's Trades interview

Super-Rush

banie01 wrote: »

AMC GME and KOSS have been trading in near identical patterns for months.
The stocks that are known shorts from @November have all followed each other fairly tightly that is IMO very demonstrative of manipulation.

I have my initial investment out on both AMC and GME but as I posted on memestock thread a few weeks ago.
DFV's thesis is becoming more and more likely to be the correct one and given AMC have a vote count underway?
It's hardly a coincidence that Adam Aron had his shorts uncovered during the Trey's Trades interview

I was watching the interview live and couldn't believe what I saw :pac:

I'm only XX in GME but I do have more hopes for it than AMC. AMC was only meant to be something on the side, never thought I'd make money from it.

brownbinman

by all accounts, next few days will be interesting with shorts having to be repaid this week

obviously could go all tits up

I personally doubled-down to the grand total of 4 shares for the craic

Super-Rush

Looking and hoping that it finishes above $60 by close tomorrow.

If it does, it could get messy.

Tipsy McSwagger

Holding 83 shares and was up 3k a few weeks ago. Didn’t even cross my mind to sell.


PS - I actually hate the AMC community on Reddit

Super-Rush

Tipsy McSwagger wrote: »

Holding 83 shares and was up 3k a few weeks ago. Didn’t even cross my mind to sell.


PS - I actually hate the AMC community on Reddit

Given how today played out, and also in after hours, you could be up a lot more come this time next week.

I hate both the AMC & GME Reddits.

daheff

Super-Rush wrote: »

Given how today played out, and also in after hours, you could be up a lot more come this time next week.

I hate both the AMC & GME Reddits.

I like GME reddit. Lots of good DD there. AMC...meh not so much. Too much kiss ass of trey & others.

Super-Rush

daheff wrote: »

I like GME reddit. Lots of good DD there. AMC...meh not so much. Too much kiss ass of trey & others.

The DD is all i use Reddit for and the GME stuff is very thorough. I actually bought into GME long before AMC.

The communities themselves pi55 me off.

Meme this and meme that, wen squeeze, how much will it get to.

I watch Trey's videos when he is interviewing someone or being interviewed to get someone else's view on things, but his streams etc. are just crazy shouting, hysterical laughing.

banie01

Got to vote the Revolut held portion of my AMC shares today.
Tend to agree regarding the Reddit AMC community, it's very much hype and even their DD is usually recycling of the GME DDs.

The next few trading days will be very interesting, was shocked at the jump in the feds reverse repo jumping to $756bln yesterday.
A full $200bln past the precious record.

strandsman

I think alot of moving parts are all coming together, Alot of new SEC rules etc coming into play etc. I thought all along that squeeze won't happen until SEC et'al have properly distanced themselves from the sh1t storm that's going to happen one way or the other. Alot of talk out there of a bust bigger than 2008 when this happens!!! and this is not all because of AMC/GME squeeze it's because there are inflation problems, bank "buckery"(replace B with F), hedge fund "buckery" , the whole money system in USA/wallstreet is broken and has been for decades. Just started watching "inside job" it's on YT explaining who runs and controls the money system.. scarey stuff! Listening to "Houston we have a problem" on YT , he was saying Blackrock are activly buying homes all across USA (i assume further afield) with them owning now about 800K homes, why are they doing this? using this as collateral for the future after the dust settles?. Stock market and crypto taking a dump recently and the theory is hedgies are gathering money for the squeeze and/or increasing their margin requirments.I don't know, Either way I'm holding 1k+ of AMC and 3 shares of GME and I'm just gona sit back and let it ride!!

cal naughton

strandsman wrote: »

I think alot of moving parts are all coming together, Alot of new SEC rules etc coming into play etc. I thought all along that squeeze won't happen until SEC et'al have properly distanced themselves from the sh1t storm that's going to happen one way or the other. Alot of talk out there of a bust bigger than 2008 when this happens!!! and this is not all because of AMC/GME squeeze it's because there are inflation problems, bank "buckery"(replace B with F), hedge fund "buckery" , the whole money system in USA/wallstreet is broken and has been for decades. Just started watching "inside job" it's on YT explaining who runs and controls the money system.. scarey stuff! Listening to "Houston we have a problem" on YT , he was saying Blackrock are activly buying homes all across USA (i assume further afield) with them owning now about 800K homes, why are they doing this? using this as collateral for the future after the dust settles?. Stock market and crypto taking a dump recently and the theory is hedgies are gathering money for the squeeze and/or increasing their margin requirments.I don't know, Either way I'm holding 1k+ of AMC and 3 shares of GME and I'm just gona sit back and let it ride!!

As you have said the financial system in the US is teetering on the brink and it's not sustainable with the reverse repo program having me spooked.

I would classify myself as a risk taker when it comes to shares however i have moved my pension from a Total equities fund to cash and also cashed my personal investment plan.

My only play now is on amc and have a bep around 12. I believe if amc squeezes it could have unintended consequences and be used as an excuse to blame a market crash on . They need a bogeyman!!

Super-Rush

It's really going to be interesting to see what plays out with AMC, GME etc. and what happens the entire market if one/both squeeze.

I have a feeling that if there is say a jump to $500 - $1000 a share, a lot of people who are holding 4 digits worth of shares will sell straight away and drive the price back down again, and to be honest I probably would as well.

The likes of DFV and all those Redditers who got into this way back and just bought hundreds of thousands of shares for pennies will make insane money, the rest will make some good money, perhaps lifechanging money.

DeanAustin

Super-Rush wrote: »

It's really going to be interesting to see what plays out with AMC, GME etc. and what happens the entire market if one/both squeeze.

I have a feeling that if there is say a jump to $500 - $1000 a share, a lot of people who are holding 4 digits worth of shares will sell straight away and drive the price back down again, and to be honest I probably would as well.

The likes of DFV and all those Redditers who got into this way back and just bought hundreds of thousands of shares for pennies will make insane money, the rest will make some good money, perhaps lifechanging money.

Can't see the $500-%1000 a share in a million years but I expected the whole thing to have run its course by now. It's fascinating stuff because the stock prices have no real basis in any conventional reality. I've been in both and managed to lose money through stupidity but I'd love to see it go that high. Personally, I expect it to start petering out sometime soon...been saying that for months though.

Super-Rush

DeanAustin wrote: »

Can't see the $500-%1000 a share in a million years but I expected the whole thing to have run its course by now. It's fascinating stuff because the stock prices have no real basis in any conventional reality. I've been in both and managed to lose money through stupidity but I'd love to see it go that high. Personally, I expect it to start petering out sometime soon...been saying that for months though.

I can't see it myself either.

If I was asked to predict a number i reckon no higher than $120 a share and then go back to 10 or less a share.

I agree it has been fascinating to watch and I've learnt a lot over the last few months. I'll come out of it with a reasonable profit after tax which is always a bonus.