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I'm currently down 53% on AMC, luckily I only bought in for 30 shares. Might as well hang on to these, not really worth selling and hopefully everyone is right and the company bounces back later this year!
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Feb 2, 2021 16:48
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Michael Corleone posted:GME was too rich for my blood. If AMC tanks I want to get in to hold longish term. The memes got me to open an account but now I am really excited, been THIS close to trading before and even studied the whole FOREX thing so know technical analysis, I'll try to remember you guys when I am filthy rich! Just invest in index funds. If you’re ok to take risk just do something like VOO and QQQ which mirror the s&p and nasdaq. And pick up a few blue chip stocks too. A lot of people will lose a lot of money on GME and AMC. Yes some people are making a ton but, in most cases, by the time the masses know about something like this the stock has peaked. You can and should still take chances but do not expect to get rich quick. In 10 years you’ll thank yourself for investing in indexes over time than trying to get a quick return
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Feb 2, 2021 16:50
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It's at $81 now, that's so much faster than I expected. Closing in on the magic $60 where the horror panic selling should set in
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Feb 2, 2021 16:51
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Thinking about getting a second mortgage to buy a bunch of JC Penney stock, is anybody memeing about them?
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Feb 2, 2021 16:52
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GABA ghoul posted:AMC is not just interesting because of their fundamentals and potential for growth(being left one of the few surviving cinema operators after reopening), the meme aspect is also interesting. As long as wsb hold a stake in the company, they will also hold some interest/focus in it and might try to pump it again. If you can get it for a cheap/fair price, it's a decent mid to high risk investment. Anyway, thanks for reading my investment blog, please rate, subscribe and report AMC also shed $600m of debt during this because their major bond holders converted all their holdings to stock lol. So even if their stock craters they wiped out like all of their debt which will allow them to actually operate long term
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Feb 2, 2021 16:52
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 big 
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Feb 2, 2021 16:55
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Pumped and dumped.
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Feb 2, 2021 16:55
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GABA ghoul posted:It's at $81 now, that's so much faster than I expected. Closing in on the magic $60 where the horror panic selling should set in If somebody bought short at $350, they just made a lot of money. It’s almost like you should do the opposite of what people are doing when it’s in the news. No, that would still be day trading.
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Feb 2, 2021 16:56
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BigSexy posted:AMC also shed $600m of debt during this because their major bond holders converted all their holdings to stock lol. So even if their stock craters they wiped out like all of their debt which will allow them to actually operate long term My average buy-in of AMC was at $11.50 a share, so when it tanks to $2-4 I may buy a few shares to try to break even when it normalizes again. I don't expect a GME run up but once people start getting back to theaters I could see a small bump. If I am wrong then at most I am out a few hundred. Then my next investment is ETFs, because I do not know what I am doing but need to begin somewhere other than a high-yield savings account (that has dropped from 2% APY to 0.4% over the past year). Edit: My friend just opened an account, bought some GME at open, and is now asking me why it is dropping when its supposed to be going up, lol
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Feb 2, 2021 16:57
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Super Waffle posted:I'm currently down 53% on AMC, luckily I only bought in for 30 shares. Might as well hang on to these, not really worth selling and hopefully everyone is right and the company bounces back later this year! Dude, sell. Even if AMC returns to the absolute height of its business soon, their stock wasn't worth much more than $30 before then.
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Feb 2, 2021 16:58
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Line status: dropped.
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Feb 2, 2021 16:59
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I was expecting this to slowly trend down over the week as hype died down, and settle to "normal" without much of a spectacle. Instead it's cratering in dramatic fashion.
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Feb 2, 2021 17:00
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People buying the GME dip. lol if that stock just sits at +100 now because of bag holders.
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Feb 2, 2021 17:05
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Super Waffle posted:I'm currently down 53% on AMC, luckily I only bought in for 30 shares. Might as well hang on to these, not really worth selling and hopefully everyone is right and the company bounces back later this year! Same here. Granted it’s like 5.5. Honestly it cashapp hadn’t blocked trades I’d probably buy some more just to lower the average price per share. Edit: this does not apply to GameStop LanceHunter posted:Dude, sell. Even if AMC returns to the absolute height of its business soon, their stock wasn't worth much more than $30 before then. Depends what you brought in at. Marshal Prolapse fucked around with this message at 17:08 on Feb 2, 2021 |
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Feb 2, 2021 17:06
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Smugworth posted:Thinking about getting a second mortgage to buy a bunch of JC Penney stock, is anybody memeing about them?
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Feb 2, 2021 17:10
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BigSexy posted:Just invest in index funds. If you’re ok to take risk just do something like VOO and QQQ which mirror the s&p and nasdaq. And pick up a few blue chip stocks too. I should say that as much as I’ve saying AMC is still worth it. This is very very good advice.
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Feb 2, 2021 17:12
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kecske posted:
There is so much of this around its delicious. One poor guy bought 42 dollar amc calls with money he couldn't afford to lose. There's people so far beyond the pale and they always pop up with these scams, it's like a horde of Gils from the Simpsons all deciding to jump onto this.
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Feb 2, 2021 17:26
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Son of Rodney posted:There is so much of this around its delicious. One poor guy bought 42 dollar amc calls with money he couldn't afford to lose. There's people so far beyond the pale and they always pop up with these scams, it's like a horde of Gils from the Simpsons all deciding to jump onto this. But I thought pump and dumps are a victimless crime? Only the hedgehog managar should be sad  e: it's going up again anyway, blown past 105€. Seems like this isn't over yet
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Feb 2, 2021 17:29
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Son of Rodney posted:There is so much of this around its delicious. One poor guy bought 42 dollar amc calls with money he couldn't afford to lose. There's people so far beyond the pale and they always pop up with these scams, it's like a horde of Gils from the Simpsons all deciding to jump onto this. Yeah, I just can’t believe how much people are tossing in (or even have available). It’s like total cult behavior.
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Feb 2, 2021 17:31
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MazelTovCocktail posted:I should say that as much as I’ve saying AMC is still worth it. This is very very good advice. For real dude, SPY has almost been doubling every 5 years since 2010. It's not always going to be like that but it's a better idea than buying into managed funds with equal/lesser returns and higher fees, or gambling everything on a few stocks. Investing =/= speculating. If you want to gamble on stocks, then treat it like a casino - When you walk through the door, assume you are going to lose the money you brought. If you double your money, congrats, you can pocket your initial buy-in and keep going without having to worry. If you lose all the money, oh well, hopefully you had fun or learned something, now take a nice long break until you have more money you're willing to lose.
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Feb 2, 2021 17:34
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LanceHunter posted:Dude, sell. Even if AMC returns to the absolute height of its business soon, their stock wasn't worth much more than $30 before then. I mean selling at $30 sounds pretty good? Its just a couple hundred dollars so I'm going to stick with it; if it manages to creep up enough for me to break even this week I might sell but otherwise I'll just shove these into the back of the cupboard and check on it in a few months.
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Feb 2, 2021 17:37
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Looks like GME trading is halted
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Feb 2, 2021 17:38
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bees everywhere posted:For real dude, SPY has almost been doubling every 5 years since 2010. It's not always going to be like that but it's a better idea than buying into managed funds with equal/lesser returns and higher fees, or gambling everything on a few stocks. Investing =/= speculating. How does SPY compare to QQQ or VOO? I am new to ETFs and looking at which one to start investing in.
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Feb 2, 2021 17:39
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bees everywhere posted:For real dude, SPY has almost been doubling every 5 years since 2010. It's not always going to be like that but it's a better idea than buying into managed funds with equal/lesser returns and higher fees, or gambling everything on a few stocks. Investing =/= speculating. Yep, this is all solid advice. ETFs are a fantastic way to invest in the broad market and generally have super low costs. When I used to have a 401K I used ETFs in the later half when I rolled into it of my old company. And in this case you’re right, it’s pure casino, just treat it that way and you’re good.
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Feb 2, 2021 17:40
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I feel like this has been a crazy week or so of trading. And I have to say I feel like the real winner here turning $3 into $8 via dogecoin. I can’t wait to invest this $8 on the next meme.
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Feb 2, 2021 17:48
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Super Waffle posted:I'm currently down 53% on AMC, luckily I only bought in for 30 shares. Might as well hang on to these, not really worth selling and hopefully everyone is right and the company bounces back later this year! found the bag holder
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Feb 2, 2021 17:58
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the only bag i'm holding is a big bag of popcorn, ready to go for when the theaters open again
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Feb 2, 2021 18:01
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I'm a bag holder over here. Bought in at $319 for 4,500. Let's see how long it takes for this bag to be worthless. Thankfully the loss is no big deal. I do feel bad for the idiots who put money in and can't afford rent now. Like what were you thinking. Diametunim fucked around with this message at 18:07 on Feb 2, 2021 |
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Feb 2, 2021 18:02
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ChronoBasher posted:I was expecting this to slowly trend down over the week as hype died down, and settle to "normal" without much of a spectacle. markets go up the stairs and down out the window
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Feb 2, 2021 18:03
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Diametunim posted:I'm a bag holder over here. Bought in at $319 for 4,500. Let's see how long it takes for this bag to be worthless. 
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Feb 2, 2021 18:14
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Fake James posted:How does SPY compare to QQQ or VOO? I am new to ETFs and looking at which one to start investing in. I'm not an expert but the biggest difference I'm aware of is the expense ratio. Out of those 3, VOO has the lowest at 0.03%. The expense ratio is a convenience fee so you don't have to invest in the 500 companies yourself and keep everything in proportion. Actively managed funds, including those you see with target retirement dates out in 2040 or 2050 or whatever, have larger expense ratios because they are more directly managed, almost like a hedge fund minus the aggressive tactics. I can't explain why QQQ has a ratio of 0.20%, that seems pretty high. Keep your investment money away from leveraged ETFs (like USLVF or DSLVF), those are for day traders and the expense ratios will eat you up among other issues. I knew a guy once who sold his car to invest in one of those while he was deployed, it didn't work out as he planned. edit: In fact it's probably a good idea to stay away from Silver/Gold ETFs completely. They pay 0% dividends whereas VOO has a yield of 1.54%, meanwhile they charge higher fees than index funds. If you want to invest in silver, maybe go buy some silver and put it under your floorboards next to your vintage porn stash. bees everywhere fucked around with this message at 18:20 on Feb 2, 2021 |
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Feb 2, 2021 18:16
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I decided to buy into gme today for 2 shares at $100. It's nbd if I lose it but if it does go to the moon I'll be able to afford a guilt free high end graphics card lol. And If that does happen I would definitely be more upset with myself for missing out than for losing 200$ in the worst-case. Really I'm just buying as a hedge against my own potential future negative feelings
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Feb 2, 2021 18:20
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If anybody is looking for a way to really get rich quick after this whole debacle, sign up to be a licensed Herbalife dealer using my referral code STAIRS420 for 10% off your first shipment!
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Feb 2, 2021 18:23
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lmao at previous generations who wasted their time on cults and pyramid schemes and poo poo, instead of skipping straight to the perfect efficiency of spending real money to feel like you're in on the joke that is you being scammed
A Wizard of Goatse fucked around with this message at 18:29 on Feb 2, 2021 |
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Feb 2, 2021 18:27
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feelix posted:So I understand that the joke/conservative talking point (same thing) about lowering your income being profitable because of taxes is BS because that's not how income tax works, but are there any complicated edge cases where this could actually be true? If one of the funds/stocks you own is doing poorly and you want to get rid of it anyways, then selling it off to offset your other gains in a particular year is potentially a good idea.
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Feb 2, 2021 18:34
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BIG F for every single one of you bag holders still in. The only winners here are the funds and retail traders that bought in weeks ago. The rest have been subject to the biggest pump and dump this decade. WSB has trapped so many people savings in massive loss.
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Feb 2, 2021 18:43
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https://twitter.com/AMCTheatres/status/1356301290880393217?s=20 Here comes the MONEYYYYYY ...wait it's still not going up
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Feb 2, 2021 18:49
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LanceHunter posted:Dude, sell. Even if AMC returns to the absolute height of its business soon, their stock wasn't worth much more than $30 before then. Buy high, sell low.
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Feb 2, 2021 19:24
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Movie theaters are never going to be as big as they were ever again, anyone that thinks that is goofy. Don't know how that translates to AMC's stock price but video on demand is in, the genie is out and won't be going back in the bottle.
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Feb 2, 2021 19:24
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Does Hollywood even make any good movies anymore or is it still all reboots and Marvel Wars
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Feb 2, 2021 19:30
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