Worth watching...
r/Superstonk Live - Wes Christian - May 18, 2021 - YouTube
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Worth watching...
r/Superstonk Live - Wes Christian - May 18, 2021 - YouTube
AMC is testing the market today. Was up 20% yesterday and is up pre-market so far, but the big guys, the evil hedge funds, won't go quietly. They will employ their dirty tricks, use paid shills to write stupid articles and to post nonsense on message boards, and of course try at least one more time to drive the price down with naked shares, fake shares, and their dark pool tricks. But, the numbers don't lie. It's a mathematical equation....provided retail investors HOLD! That's the BIG QUESTION, will the Apes hold? Even my own brother sold his 150 shares yesterday. I chastised him for it.
It's not just the money, it's also about fighting the illegal activities of the hedge funds, as discussed in that YouTube link I posted. I'm all for free markets, good ole capitalism, but these snake oil salesmen cheat the system and ruin it for everyone else.
Who cares? What value does AMC really provide?
There is so much wrong with this post...oh wait! it's Goosey, of course!Originally Posted by Guisslapp
I will pull out what I think is the single most important issue re: AMC and AMC stock. And, it's this: it happens to be a battleground in the fight for a truly free and fair stock market. This is akin to asking of that town in Pennsylvania in the summer of 1863: Who cares? What value does Gettysburg really provide? The answer, NONE in of itself. But plenty for it HAPPENED TO BE A KEY BATTLEGROUND in that war. If you understand the analogy then you understand what makes AMC valuable.
Well, it's making me a ton of money!!!
Only mistake I made is the same one I always seem to make....I should have bought more!
Only makes money when you actually sell. For the greater fool theory to work out, you have to sell to an even greater fool.Well, it's making me a ton of money!!!
Only mistake I made is the same one I always seem to make....I should have bought more!
So...we can put you down for a 1,000 shares? Just for starters.
Still a hard pass.
Anyone fooled with buying stock warrants?
Let me rephrase that...has anyone bought stock warrants, which are kind of like options with puts and calls. Not many companies offer stock warrants, only about 300 do, and they are sold directly by the company. They have their pros and cons, but you can make a ton of money when/if you buy the right ones at the right time. But, while there is risk, you don't have to risk a lot to make a lot. Often less than $5 gets you into a nice position.
I don't know much about warrants, but I am willing to learn!
Apparently I should have made AMC a "hard pass" too. Now I have this huge tax bill to pay! Oh woe is me! I should have listened to the smart guy who voted for Harris-Biden and stayed away from this GOLD MINE of a stock!
Got more just like it coming along, but I guess I'll just keep those to myself. Would hate to make a FOOL out of myself again, taking on this huge tax burden!
Of course, I am just having some fun tweaking my favorite poster, Goosey!
But seriously...
in the bigger picture the reason I have joined the Ape Army and been a vocal advocate for buying/holding AMC stock (and some others) is exactly what is going on today. Already today the SEC has halted (paused) trading of AMC stock three times to give the hedge funds time to catch their breath and seek a way out of this trap! This is the SEC choosing sides between longs vs. shorties, and it's not their place to do so. A free market will shake things out and the weaker hedge funds will fold like the house of cards they are. Retail investors are kicking the so-called pros in the ass!
This is just the beginning too. There are already ground-swell, grassroots movements building in other heavily shorted stocks. They will all follow the same path as GME and AMC and once again the hedge funds will get caught in these multi $billion traps they find themselves in. Or! they can ditch the illegal fake share/dark pool tricks and allow the market to determine the value of equities based on fundamentals. And, most importantly, the average retail investor will have a level playing field to invest on.
Was it anything other than the standard “circuit breakers” that halt trading when stocks go up or down by a certain percent over a certain time?
AMC up 95% today alone!!! Congrats to anyone who had stock before today... Helluva return!!
Ah, me! opened a position back in December for 1.95/share. Later added at different times till I had 3,500 shares at a cost average of $8.03. Sold some today at $65 to cover my entire investment, with a small profit. Still own 3,000+ shares at a $0 cost basis (on my books). Like I posted, only mistake I made was not buying more.
There are others just like GME and AMC starting to stir. Can history repeat itself again...ah, yes! when you have these so-called experts and stubborn shorties who think they know better than the Ape Army.
There were at least 4 stoppages, maybe 5, as I had to step away for a period to handle some real estate duties. If it was some automated "breaker" that is bad enough and I don't like it. If it was some human deciding to try to protect the losing side, that is unacceptable.
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