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05-12-2021, 02:46 PM | #9451 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
We’ve explained in this thread (multiple times) that if you’re down 25%+ on positions it’s because you ignored risk management strategies. Stocks, especially growth stocks are volatile. They don’t move in linear patterns. |
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Posts: 46,067
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05-12-2021, 02:55 PM | #9452 | |
Mammoth penis
Join Date: May 2006
Location: Springfield
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Quote:
This market is trash and has been for a while now. There's no debating that. Growth stocks have always been volatile...the market is still trash. |
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Posts: 11,432
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05-12-2021, 02:59 PM | #9453 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Posts: 46,067
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05-12-2021, 03:07 PM | #9454 |
Mammoth penis
Join Date: May 2006
Location: Springfield
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Obviously its not the worst in can get, I've never once claimed that. Believe me, I wish it was.
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Posts: 11,432
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05-12-2021, 04:27 PM | #9455 |
MVP
Join Date: Jan 2012
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Love the drama. When the market tanks, just means something is a red tag sale. Take advantage and buy......
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Posts: 6,155
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05-12-2021, 05:08 PM | #9456 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
On larger pullbacks I’ll only add to long positions on companies with good fundamentals. On larger pullbacks like this I don’t initiate short term positions. There’s too much risk and short term trading should only follow market momentum. |
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Posts: 46,067
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05-12-2021, 06:17 PM | #9457 |
Fish are scared of me
Join Date: Nov 2001
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Has everybody given up on AMC? I had sold off most but recently nibbled a little more back into my portfolio. I think I'm at 250 shares. When it goes to 100K/share I'll be OK.
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Posts: 40,779
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05-12-2021, 06:30 PM | #9458 | |
Deus ambulans inter homines
Join Date: Mar 2005
Location: Chicago
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Quote:
Hell no, with short lend fee hitting at least 89% today, and the steady creep upwards as volume is jumping. Between that and my play for Hertz @ $1.16, I did quite nicely today in spite of the small bloodbath all around. With AMC, it's not going to implode, and even legitimately it's probably undervalued now that they are ramping back up for Summer blockbuster season. The risk vs upside seems silly given the price that couldn't be more friendly. |
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Posts: 14,918
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05-12-2021, 07:13 PM | #9459 |
Fish are scared of me
Join Date: Nov 2001
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Damn, after watching a few different videos on AMC and checking the stocktwits gang, it seems to be getting real close to doing whatever its gonna do and those idiots are talking 10k to 100k a share. Damn people are dumb.
Buying more tomorrow. |
Posts: 40,779
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05-12-2021, 07:18 PM | #9460 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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You honestly believe all that? They’ve been saying all that for awhile and nothing close has happened.
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05-12-2021, 07:35 PM | #9461 |
Fish are scared of me
Join Date: Nov 2001
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Posts: 40,779
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05-12-2021, 07:40 PM | #9462 |
Mod Team
Join Date: Sep 2011
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05-12-2021, 07:41 PM | #9463 |
Fish are scared of me
Join Date: Nov 2001
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Posts: 40,779
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05-12-2021, 07:42 PM | #9464 |
Veteran
Join Date: Dec 2019
Location: Ohio
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05-12-2021, 07:43 PM | #9465 |
Mod Team
Join Date: Sep 2011
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