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I got a bit of FOMO last week and bit the bullet and decided to buy. I managed to snag AMC stock when it dipped down to $6.52 a share. I put down $2500 and got 383.xxx shares. I feel pretty good about my decision. On the one hand, I have a lottery tickets chance of this stock rocketing up like gamestop and in which case HELL YEAH! I make a nice amount of money. On the other hand, if it doesn't skyrocket, I should at least still be able to make a some amount of money once theaters re-open at full capacity, which they could theoretically do once enough vaccines have been rolled out. Or maybe I'm just stupid. I dont know. At least I'm not like all the people on twitter I keep seeing saying "I bought AMC at 15.xx 19.xx" Thats just ridiculous.
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Feb 1, 2021 20:45
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GABA ghoul posted:Market is up, VIX down, GME is crashing. Looks like this is over. GME is remarkably stable today at 240-250 If you zoom out for the week its practically leveling off at that value. Like thats the true value it should have in peoples minds. loving wild.
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Feb 1, 2021 20:55
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VinNYC82 posted:I got a bit of FOMO last week and bit the bullet and decided to buy. I managed to snag AMC stock when it dipped down to $6.52 a share. I put down $2500 and got 383.xxx shares. Yeah at least before I hit my limit I was trying to sell shares that I initially got in the $14 range yesterday to trip and buy during a dip (which actually worked out). Granted I own 5.34 shares of AMC so I doubt that will equal out much in the end. But lol at loading up in those ranges.
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Feb 1, 2021 20:55
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VinNYC82 posted:On the one hand, I have a lottery tickets chance of this stock rocketing up like gamestop and in which case HELL YEAH!
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Feb 1, 2021 20:57
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VinNYC82 posted:I got a bit of FOMO last week and bit the bullet and decided to buy. I managed to snag AMC stock when it dipped down to $6.52 a share. I put down $2500 and got 383.xxx shares. Sell it now dude. Parties over.
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Feb 1, 2021 21:10
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gary oldmans diary posted:amc stock isnt in the same position gamestop stock was to rocket up. it should probably increase with loosened pandemic restrictions though Yeah, I realize that. Thats why I used the term "lottery tickets chance". The stock is being hyped up enough online so who knows. I followed the basic rule of "don't risk any more than I can afford to lose". So, I'm thinking I might just ride this out for a bit and see where things go. Son of Rodney posted:Sell it now dude. Parties over. Eh, the stock has been a rollercoaster since the minute I bought it. I haven't got all that much invested. I feel like I can afford to ride it out for a bit. VinNYC82 fucked around with this message at 21:13 on Feb 1, 2021 |
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Feb 1, 2021 21:11
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AMC isn’t a crazy buy though as has been pointed out in this thread multiple times. The odds are very good it’s gonna keep going up eventually back to $20 (ish) Once the vaccine really gets rolling its time to opener up! Barring some crazy poo poo AMC is gonna re open.
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Feb 1, 2021 21:51
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So i don't totally hate AMC and good on them for shedding a bunch of debt during this boom which is certainly a good thing for their long term prospects, just be aware that well-known events like the vaccine rolling out and theaters eventually reopening are already priced in the bull case is that everyone getting shut in for 15 months makes us realize that we actually loved going to theaters and people go more than they did pre-COVID but who knows if that's the case
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Feb 1, 2021 21:58
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MarcusSA posted:AMC isn’t a crazy buy though as has been pointed out in this thread multiple times. The odds are very good it’s gonna keep going up eventually back to $20 (ish) yeah there are a whoooooooole lot of blockbuster movies that are just circling in a holding pattern, if they are able to come out this summer it's gonna be like bam-bam-bam every week. very long term I wouldn't be holding them, because even pre-pandemic they'd been having trouble the last few years. people just don't go out to movies as much, and prestige TV is becoming a bigger cultural magnet than movies. but this summer / fall is gonna be great for them (if the vaxes work well and we all get to leave our houses).
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Feb 1, 2021 21:58
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VinNYC82 posted:I got a bit of FOMO last week and bit the bullet and decided to buy. I managed to snag AMC stock when it dipped down to $6.52 a share. I put down $2500 and got 383.xxx shares. I had a decent amount of FOMO with this whole ordeal but I am so risk-averse I didn't do anything. I think your low buy will end up fine in the long run.
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Feb 1, 2021 22:00
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Klyith posted:yeah there are a whoooooooole lot of blockbuster movies that are just circling in a holding pattern, if they are able to come out this summer it's gonna be like bam-bam-bam every week. Counterpoint, the 5G in the vaccine means everyone will be able to stream on the go!
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Feb 1, 2021 22:07
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VinNYC82 posted:Yeah, I realize that. Thats why I used the term "lottery tickets chance".
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Feb 1, 2021 22:08
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Hey all, thanks for the replies. Makes me feel a bit better about my purchase. I'll keep lurking this thread for now and keeping my eyes open. Good luck to everyone.
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Feb 1, 2021 22:16
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VinNYC82 posted:Yeah, I realize that. Thats why I used the term "lottery tickets chance". The stock is being hyped up enough online so who knows. tbh at your price it's propably a long hold that will pay off at some point. I'd sell it and buy back in at a way lower price personally, as I expect it to go back to 5 before long, but if you're willing to gamble on it and it's no money you need you'll propably not lose anything in the long term.
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Feb 1, 2021 22:33
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posting a classic https://www.youtube.com/watch?v=ddTFmGx-BzA
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Feb 1, 2021 22:40
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Some people are buying billboards about this, others are making art with this. This needs to get posted in the sub reddit stat. https://www.amazon.com/gp/product/B...&ref_=pd_gw_unk
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Feb 1, 2021 22:45
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wyoak posted:So i don't totally hate AMC and good on them for shedding a bunch of debt during this boom which is certainly a good thing for their long term prospects, just be aware that well-known events like the vaccine rolling out and theaters eventually reopening are already priced in Not long-term but I'm pretty confident it will have that effect for at least a little while. People are tired of being stuck at home and also don't like being told they can't do something even if they're mature enough to understand why those restrictions exist and are willing to follow them. When people can go back to theaters they will, if only for the novelty of it and so they can see a movie that's not in their living room again. But I think eventually things will level off to where they've been.
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Feb 1, 2021 22:58
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Fake James posted:Counterpoint, the 5G in the vaccine means everyone will be able to stream on the go! The 5G in the vaccine means you should be buying Nokia.
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Feb 2, 2021 00:15
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That was a fun half week or pretending we can hurt rich people. Well, back to the mines.
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Feb 2, 2021 00:23
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This just in!quote:A note from Robinhood
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Feb 2, 2021 00:46
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So -30% close and another -16% after hours. Who's holding bags?
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Feb 2, 2021 01:04
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Found an interesting explanation of what a gamma squeeze is which seemed to be part of the redditors strategy to raise the stock prices. https://realinvestmentadvice.com/what-the-hunt-brothers-can-teach-us-about-gamma-squeezes/
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Feb 2, 2021 01:23
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ChronoBasher posted:So -30% close and another -16% after hours. Who's holding bags? Whos buying dips? This stupid thing could go up tomorrow. 💎🙌💎🙌💎🙌 Real talk though the lack of posts in this thread is a strong indicator that there is a lack of funny news to share. Bad news if you are a meme stock. Did anyone have time to research if there is still squeeze action going on? I didn’t bother because I don’t actually have any gamestop. I thought shorts come out 15th and 1st.
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Feb 2, 2021 01:36
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GameStop
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Feb 2, 2021 01:38
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Klyith posted:yeah there are a whoooooooole lot of blockbuster movies that are just circling in a holding pattern, if they are able to come out this summer it's gonna be like bam-bam-bam every week.
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Feb 2, 2021 01:51
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wyoak posted:the bull case is that everyone getting shut in for 15 months makes us realize that we actually loved going to theaters and people go more than they did pre-COVID but who knows if that's the case I hated going to theaters
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Feb 2, 2021 02:10
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ArbitraryC posted:Even if the vaxes work the logistic is it's still gonna be pandemic oclock for your average person well into next year, so unless you're picturing a theater packed full of senior citizens watching the next marvel thing banking on this summer/fall is a bit overly optimistic. Well to be fair it took a long while from WSB saying GME was undervalued to when news came out leading to a climb. So that is a warning for any goons wanting to make money instantly by following WSB.
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Feb 2, 2021 02:14
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John_A_Tallon posted:I hated going to theaters good, we didn't want you there
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Feb 2, 2021 02:18
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ChronoBasher posted:So -30% close and another -16% after hours. Who's holding bags? I still have 10 shares, my life isn't changing either way so I didn't sell them. Probably will just wind up as a bagholder but I don't even mind, well played conmen, well played
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Feb 2, 2021 02:18
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spunkshui posted:Whos buying dips? This stupid thing could go up tomorrow. 💎🙌💎🙌💎🙌 All stats point to a huge number of shorts being closed, but reddit is ignoring that and saying it's fake data because it doesn't fit their narrative, even though it's from the same company they relied on before. Also shorts are indefinite they don't have a date to "come out"
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Feb 2, 2021 02:22
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wyoak posted:So i don't totally hate AMC and good on them for shedding a bunch of debt during this boom which is certainly a good thing for their long term prospects, just be aware that well-known events like the vaccine rolling out and theaters eventually reopening are already priced in I know the first thing I wanna do once this pandemic is over is sit around staring at a screen in a dark room
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Feb 2, 2021 02:35
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PIZZA.BAT posted:posting a classic *smashes sound board* HIRE HIRE HIRE a graphics designer.
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Feb 2, 2021 02:37
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salt shakeup posted:All stats point to a huge number of shorts being closed, but reddit is ignoring that and saying it's fake data because it doesn't fit their narrative, even though it's from the same company they relied on before. No no like there’s some list that gets published and it doesn’t get published every day and so I wanted to know if that came out. I get that you can keep a short active.
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Feb 2, 2021 02:45
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So it looks like The Iron Sheik is involved in this as well: https://twitter.com/the_ironsheik/status/1354588603024867328 https://twitter.com/the_ironsheik/status/1354794037740449793 https://twitter.com/the_ironsheik/status/1354944870994083847 https://twitter.com/the_ironsheik/status/1355599409652891648 https://twitter.com/the_ironsheik/status/1356001910390730754
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Feb 2, 2021 02:45
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I THINK at some point WSB wasn't trying to recommend anything. It was just a bunch of casual YOLO (if that isn't a contradiction in terms) investors posting like it's E/N. The idea that you can make money following WSB advice is new I think and I'm not sure how their predictions playing out or not will affect that.
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Feb 2, 2021 02:45
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I'm actually a Colonel in the DogeCoin Army.
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Feb 2, 2021 02:45
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Meme Poker Party posted:I'm actually a Colonel in the DogeCoin Army. Where my loving money?
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Feb 2, 2021 02:46
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spunkshui posted:No no like there’s some list that gets published and it doesn’t get published every day and so I wanted to know if that came out. OH sry I misunderstood you, I understand what you mean now. This was the latest figures I saw https://twitter.com/ihors3/status/1356261806612885509
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Feb 2, 2021 02:49
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https://twitter.com/Cokedupoptions/status/1356407673441325058?s=20
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Feb 2, 2021 02:50
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Bright Bart posted:I THINK at some point WSB wasn't trying to recommend anything. It was just a bunch of casual YOLO (if that isn't a contradiction in terms) investors posting like it's E/N. The idea that you can make money following WSB advice is new I think and I'm not sure how their predictions playing out or not will affect that. remember when some mod here made a le epic bacon zany post about how funny it'd be to buy a racist hotdog slinger a shack in buttholeville and dudes started blowing their kids' christmas money on it A Wizard of Goatse fucked around with this message at 02:52 on Feb 2, 2021 |
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Feb 2, 2021 02:50
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