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#8296 |
Mahomes or GTFO
Join Date: Feb 2012
Location: KC
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Stock hipster here. I was in on AMC before the meme status. 300 shares at a 2.60 avg from last March/April. Was just planning to hold for the inevitable post-covid bump after theaters started to reopen but this meme stuff has been great for business.
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Posts: 13,230
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#8297 |
MVP
Join Date: Mar 2019
Location: KC
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I have some AMC and am up 20 percent so far.
Thanks MTG#10! |
Posts: 7,342
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#8298 |
I'll be back.
Join Date: Nov 2002
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MTG should be commended.
You had to have brass balls to buy GME during the correction last week. ![]() Stonks are for closers. |
Posts: 283,935
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#8299 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Any other advice? I got into some shit, but I don't like any of it.
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Posts: 57,469
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#8300 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Posts: 57,469
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#8301 | |
Mammoth penis
Join Date: May 2006
Location: Springfield
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Quote:
The key is knowing when to get out...that's an issue for me. I have a hard time finding the sell button. |
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Posts: 11,432
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#8302 |
Mammoth penis
Join Date: May 2006
Location: Springfield
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I got a guy at work into GME a couple weeks ago.
He bought in at 165, then the same day it plummeted down to the 90's. He held for a week or so stressed out because he was down, then as soon as it got back up to 165 a couple days ago despite my reassurance he sold to break even. I'm still giving him shit and sending him screenshots of the current price every few hours. ![]() |
Posts: 11,432
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#8303 |
Fish are scared of me
Join Date: Nov 2001
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AMC earnings come out today. Don't really think it will cause much of a dip. Everyone knows they were closed and expect it to be negative anyway. The people holding AMC are in it for the squeeze but if it takes a good dip I'll grab a few more shares.
The issue right now is the APE gang has been instructed to set their sell limits at $500 or higher so the shares can't be borrowed to help force the squeeze. I'd feel better putting a trailing SL on now. |
Posts: 40,680
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#8304 |
Mahomes or GTFO
Join Date: Feb 2012
Location: KC
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If this market has taught us anything over the past year, it's that share prices don't behave rationally based on typical indicators like earnings. If you look back at 2020, there were bearish moves being made en masse on stocks that were sure to have shit earnings, and those people lost their asses.
AMC may dip slightly, but if it isn't significant, it's going to bounce and bounce hard. |
Posts: 13,230
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#8305 | |
Mammoth penis
Join Date: May 2006
Location: Springfield
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Quote:
Poor earnings should be factored in already, everyone knows they were still shut down the 4th quarter of last year. If that does cause a significant dip I'll grab some more too though. |
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Posts: 11,432
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#8306 | |
Fish are scared of me
Join Date: Nov 2001
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Quote:
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Posts: 40,680
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#8307 |
Mammoth penis
Join Date: May 2006
Location: Springfield
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GME just broke through that $300 wall like the Kool-Aid man
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Posts: 11,432
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#8308 |
I'll be back.
Join Date: Nov 2002
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don't get greedy
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Posts: 283,935
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#8309 |
Mahomes or GTFO
Join Date: Feb 2012
Location: KC
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I'm far more conservative than some, I think. I've got a limit order in for 70% of my shares at $600. I would be more than happy with that profit.
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Posts: 13,230
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#8310 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Posts: 45,974
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