Not complaining at all. Between GME and AMC, up 42K on a 38K starting investment in a week and half. System is broken, but still money to be made.

Congrats on your gain. That is awesome! I am hoping everybody else has good fortune and to be careful.

AMC is over $8.00/share. How much more do we have to run?

Wow, this stock is worth more than Apple.

$230 in after hours.

Wish I had bought more.

Ok, I take back my comparison, amc after hours is loco

Just a hypothesis I'm sharing to see what others think... If the market is overbought, and we're trying to time if/when a drop happens, mid-March stands out with it being a year since COVID started. People who bought may have bought when the 2020 drop happened may be waiting for the 12 months to sell for the tax advantages. Does this seem reasonable?

I think someone else (KPG or Ice?) brought this up a few weeks ago and warned to expect a possible drop then.

I don't see anyone talking about Wallstreetbets and the retail investor backlash against the hedge fund's manipulation of the market. Turns out a few million people buying a few dozen stocks makes a difference.

loving every minute of this - caught a short bit of kramer - he was defending them while the other guys were saying it was illegal. Funny how the big $ guys think it is fine when they do it, but when the little guy tries....

Damn! That would be game changing money for me. I only have funds to trade with in my ira. Mostly own dividend paying stocks but I have some money for speculation. Doing well on PLTR, SNAP, MAC, and I bought $150 worth of AMC. It's worth $200! Making gains baby.

Gains are gains. Keep doing what you are doing!

So for those in the know, has the asylum decided what target comes after amc?

If WSB gets bored and decides to flood into MAC I think I would sell instead of my covered call idea from a few days ago. If it goes from 20 to 50 (just for example sake) I couldn’t get near the benefit of writing 3 covered calls as I would from just selling at 50 and planning the next move.

My kid (15) bought 10 shares of AMC tonight...he spent $50 and now has $80. He thinks he's Rockefeller now, and is already researching other stocks. Sure beats him watching fortnight on youtube.

That’s awesome. Does he need something special to get an account if under 18, or just sign up?

Interesting, I wonder what the best way to plan for this would be.

I bought it under my account.

That is awesome! Teach them young. God knows, our schools are not teaching our kids about money.

I don't think they have actually targeted AMC yet. Definitely BB. I think they are trying to maximize om GME thru Friday.

My kid in high school is about to start a personal finance class. I'm genuinely curious what the curriculum is going to be like.

Blackberry is the push now

How to write checks, budgeting, and other bullshit. Nothing about building wealth, saving, or sacrifice. Nothing about early retirement.

Not yet.

How can anyone decipher wtf the target is on that site - it is utter chaos.

Well, I botched on GME so my honest answer is I don’t know.

They are being infiltrated by BOTS. They've grown to 2.5 million members in a very short time. Their mods are working over time. But reading through all the chaos, two goals:

GME to 1000 by weeks end

BB to 70 by tomorrow. Seriously considering BB...its at 19 now.

Someone with better knowledge than me, on short squeezes. The reddit group is all about Diamond hands. Meaning they are encouraging everyone to hold until 1k is reached to force short sellers to buy at that price. But I always thought you could just let your option expire and just lose the margin costs. Why would anyone pay 1k per share to cover a $20 option?

Like those additions! Dan Ives from Wedbush raised his target to $175 and $225 on a "bull case" thesis

Morgan Stanley went to $154, VR headsets might be coming this year.

Evercore went to $160 on increased probability of an Apple car.

AR glasses coming sometime before 2025. etc etc

Think of adding an endless stream of monthly recurring revenues across an installed user base of 1.8 Billion and growing.

Will big tech take a hit when the re-opening trade moves into high gear? That's what they keep saying.

Maybe it will take a hit after another 10-15% rise? Who knows.

Bottom line, own Apple, don't trade it, one of the few things i agree with Cramer on. And buy more when it goes on sale.

Gotta keep an eye on interest rates, the 10 yr treasury yield. It rises as predicted and growth stocks take a hit.

Things like "let your winners run" and "let the story play out" keep sticking in my head these days! Be skeptical to get to a higher level of conviction. Don't be swayed by fear or greed.

A short seller has borrowed shares from somebody that owns them and sold them, hence the name. So they owe somebody those shares, and that somebody might want them back so they can sell when the price is high enough. So the borrower has to get them somewhere, likely on the open market.

If you “short” something by buying puts you aren’t actually short those shares. You own a contract (or more) and if you own a put and it goes to $1000, you either sell the contract for a big loss, or let it expire. When you buy an option it can only go to zero, if you sell a stock short it can in theory go to infinity.

EDIT: The squeeze happens as all the shorts bid each other up to try to buy back the shares to cover. If nobody is selling they have to keep upping their bid.

Thanks for the clarity...im more familiar with puts from my early trading days in the 80s. Have direct shorts through non institutional buyers always been available? Or are we talking about the Hedge funds getting burned only?

BB cannot be a short squeeze - only 6% short right now. Now if they are just looking to buy to drive the price up...

BB is the next up for WSBs, with some talk of NOK.

Lot of talk about this for tomorrow as well

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we would just have to play them at their own game - buy when/before they do then sell before they do. I don't think BB will rocket like gamestop since it doesn't have the short interest to start big buying to cover.

Now this would make sense with 73% short interest.

Bought it around $11-12 I think after icemans rec. Gave up on the junk after a few months and sold for about a 25% loss. So I guess if you were patient and didn’t sell until 2 weeks ago youre fine. Anyone before than took a beating while they watched other stocks pop and MAC lagger around $7-9 for a few months.
Not a dig on ice. Just a lesson that you can’t win them all. At some point the law of averages kicks in and makes you humble again.

WSB is long on BB. AMC and NOK are just a distraction from the botnets by the hedge funds and institutional owners to get them to take their eyes off GME because now they've bought in billions on shorts to the tune of 136% of available stocks.

So, if the "retards" of WSB don't sell their meagre holdings, which is actually several million shares, they might be totally fucked. The GME squeeze has them all frothed up at screwing the hedges for a change and that's some powerful juju among the disenfranchised millennial reddit crew.

I was in a trading group for awhile where a guy did some short on margin and lost 300k in minutes. He was so confident he was going to make money. Was crazy.

Yeah, hence my 'not holding these overnight'. Get out while the profits are good. Yeah, it might go another 100% but you can just buy back in the next day. Don't get greedy.

Me too and now my monies is almost double. MAC had a book value of $14 a share, meaning you should have bought more when it went down, not sold. You win some you lose some.

I love this thread and thanks to Ice and others for suggesting stocks. Some of them I would have never looked at fundamentally speaking.

Nice psyop on the hedgefunds by infiltrating the board. LOL!

With all the craziness going on right now in the market, I want to THANK ALL in this specific forum for the education and ideas on what to look at for investments.
Since March I have done well and I am planning on shaving some off the top and play with "the house" money. Not even close to making what some have made in this forum (far less, lol) as I know I am not educated enough to play the market but I am greatly appreciative and humbled by the assistance that you all provide to assist those of us that have a small amount to play with in this market. Long story short-----THANK YOU-----and I will continue to listen.

Botched for 60% profit is the kind of botching that I could live with.

That move in AMC after hours is stellar...kind of reminds me of something, YOLO!

I was thinking about buying some 6 mos puts on GME but the pricing is insane.

I just went deep down the rabbit hole and got on the WSB Discord account. Discord is like Slack but geared at gaming. Started using it a few weeks ago due to bullshit with the bourbon thread so we moved the community there. Anyway, looks like a lot of gearing up on AMC. Check the screenshot below. Lots of AMC mentions just scrolling through. Not a recommendation or anything, just info.

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Forgive me if this is a stupid question but I am learning.

AMCX has the large short interest. Wouldn’t that be the stock Reddit group would be targeting.

AMC I don’t see the short interest. They did receive almost a billion bucks in financing and the stock is up 86% today.

Are people getting confused of which AMC has the short interest (trying to replicate GME)
Coincidence? AMC long play for reopening? Seems like a large jump for that?

AMC (the movie thester] is the one with the short interest. AMCX (the tv station) does not have the interest.

No, talk is there are plenty taking up the shorts when anyone covers. Could be big funds, could be small individuals. Why not short at $225 if stock book value is less then $5? But institutional ownership was 110% last quarter! So some funds are killing it!

Before, you were probably thinking about a short that bought a call to cover and then let it expire with no additional loss. I would think the “hedge” funds hedged their bet, but there aren’t enough open calls, by my count. There are some other scenarios with convertible bonds and other financing deals- but only the big players know. Over 100% short with over 100% institutional ownership! Crazy..