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TopicStock Topic 16
Lopen
01/28/21 2:04:52 PM
#361
ChaosTonyV4 posted...
The worst part of this is that $16 is not an unreasonable price even without the squeeze, if hed just had patience hed surely break even in 2021

Yeah. That's why I was saying there wasn't a ton of risk to buying yesterday. AMC is not GME. If AMC isn't going bankrupt it can easily attain $16 under its own power.

That being said I can use my money in better places until it rebounds and wanted some damage control that's why I sold 2000 at $13 (and it was a 3x bagger so that's fine)

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TopicStock Topic 16
Lopen
01/28/21 1:18:31 PM
#338
MajinZidane posted...
@Lopen , personally I think ETrade sucks, unless youre able to figure out how to do after hours and pre market trades. The charts were always behind and I could never make moves after 4pm. I stopped using it last year.

I hear good things about TD Ameritrade, never used.

I don't care about after hours/pre-market very much. Today is one of the only times I actually used it.

I just want OTC/options support and a decent app. Whichever that happens to be.

And yeah as Nanis said Ameritrade froze the stocks for a while yesterday

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TopicStock Topic 16
Lopen
01/28/21 1:14:44 PM
#334
Thank goodness I transferred most of my holdings off of Robinhood.

I mean I don't think I made enough to be on their radar and won't feel truly at ease until the transfer is complete but yeah.

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TopicStock Topic 16
Lopen
01/28/21 12:50:39 PM
#318
If anyone hears about a robinhood lawsuit let me in

I want to get in on this. Burn it to the ground.

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TopicStock Topic 16
Lopen
01/28/21 12:37:14 PM
#311
It's so fitting that GameFAQs is mostly rallying behind AMC instead of GME by the way. Like we have some GME buyers but more in AMC to be sure

I mean the obvious irony is that it's we aren't as heavy into the one related to video games but I just think it's funny that the way this site is we're sorta more on the indie cred version of GME.

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TopicStock Topic 16
Lopen
01/28/21 12:31:16 PM
#302
I love this recovery. The fun part is while I lost a lot of my potential profits on the 2000 shares I sold I liberated my 500 shares from the tyranny of the sold $9 calls and am emboldened to hold those and my $5 calls much longer than I would be normally. I may end up making more than I would have. AMC is going to $100. I believe it in my bones

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TopicStock Topic 16
Lopen
01/28/21 12:18:29 PM
#288
Yeah. I held bought back the calls on my 500 shares for a reason

We are going to the moon

AMC
AMC
AMC (and GME)

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TopicStock Topic 16
Lopen
01/28/21 11:30:36 AM
#192
Bought my other 4 $9 call sells for $210 on that massive tank

So still own 500 AMC. Ready for the moon.

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TopicStock Topic 16
Lopen
01/28/21 11:29:03 AM
#191
Technically I still have $14k of portfolio value in my Robinhood account. I want to re-establish my positions on E-Trade before liquidating them on Robinhood. Amusingly I should be able to do this with limit orders pretty well. The ultimate insider trading.

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TopicStock Topic 16
Lopen
01/28/21 11:22:52 AM
#178
Okay E-Trade set up (this was actually easier than it could have been since I 90% set it up back when I set up Robinhood but Robinhood processed my claim first)

Just gotta wait a couple of days for my Robinhood money to move to my bank account

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TopicStock Topic 16
Lopen
01/28/21 11:07:03 AM
#169
I also bought one of my sell contracts back when they dipped to $190 so I may come out of this with 500 shares left. We'll see if it dips again.

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TopicStock Topic 16
Lopen
01/28/21 11:05:58 AM
#168
I made around 30k on AMC as well.

Open ended because well who knows where these $5.5 calls will go. I still think potential to go to $100 is here. Robinhood will probably re-open trading on AMC at some point due to pressure. It's too late for them to get me back as a customer but they probably will which will send it skyrocketing and we'll still get the short squeeze.

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TopicStock Topic 16
Lopen
01/28/21 10:51:50 AM
#148
Technically I still have 9 calls and 500 shares with sold $9 calls (that may not cash out because it may finish the week below $9)

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TopicStock Topic 16
Lopen
01/28/21 10:51:07 AM
#145
Well I literally can't buy AMC currently, but if it stays around $6-$8 by the time I can you bet I'll buy back in.

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TopicStock Topic 16
Lopen
01/28/21 10:05:09 AM
#105
red sox 777 posted...
In fact, honestly, I think this makes the hedge funds' position worse. One of their escape routes was hoping that FOMO retail traders got in and then panic sold them their stock when it dropped some. This is almost like closing off their own escape route.

Kinda yeah. Retail is panic selling.

For the record I still think AMC is gonna moon that's why I'm keeping my calls

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TopicStock Topic 16
Lopen
01/28/21 9:58:25 AM
#99
So I still have my calls and will be putting my money back into AMC (if it hasn't fully mooned) on E-Trade

But yeah to hell with Robinhood

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TopicStock Topic 16
Lopen
01/28/21 9:48:17 AM
#91
I'm coming to E-Trade boys

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TopicStock Topic 16
Lopen
01/28/21 9:47:18 AM
#88
So does E-Trade still allow trading of AMC

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TopicStock Topic 16
Lopen
01/28/21 9:25:06 AM
#63
Sorry guys I sold 80% of my shares for $13 a pop as much as I'd like to HODL no point if I can't sell calls

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TopicStock Topic 16
Lopen
01/28/21 9:10:59 AM
#46
Yeah I'm getting off of Robinhood soon

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TopicStock Topic 15
Lopen
01/27/21 7:58:24 PM
#439
HODL sunroof dammit

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TopicStock Topic 15
Lopen
01/27/21 7:47:27 PM
#425
DoomTheGyarados posted...
Btw. The bounce back is hedge funds buying stock for cheaper and thanking God they have friends in high places.

I'm not sure this is true btw.

Like they kept shorting Gamestop until oblivion you think they got common sense now?

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TopicStock Topic 15
Lopen
01/27/21 7:28:03 PM
#401
AMC rebounding to $20 wouldn't surprise me. This oppression may serve as a rallying cry of sorts.

I'm not depending on it though. My average share price is $4.45 so I'm not too spooked.

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TopicStock Topic 15
Lopen
01/27/21 7:11:59 PM
#379
https://www.reddit.com/r/Wallstreetbetsnew/

Spread the word.

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TopicStock Topic 15
Lopen
01/27/21 7:10:53 PM
#378
My sold $9 calls on 500 shares (I went up to 2500 shares) I used as a bit of a hedge may turn out being profitable which is kinda funny. Was really expecting them to not be.

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TopicStock Topic 15
Lopen
01/27/21 7:06:47 PM
#375
I have shares and mid range calls so I'll be fine as well as long as it doesn't completely tank and it doesn't appear to be.

I wasn't expecting $19 in a week anyway. I was thinking a month or two. The stock jumping around like ping pong plays into my call selling scheme well though.

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TopicStock Topic 15
Lopen
01/27/21 6:21:41 PM
#343
Well Robinhood didn't suspend any trading or anything like that it just said to BE CAREFUL with $AMC and understand what I have cause it's VERY VOLATILE right now.

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TopicStock Topic 15
Lopen
01/27/21 6:19:05 PM
#341
Haha Robinhood told me AMC involves a lot of RISK and to be careful lol

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TopicStock Topic 15
Lopen
01/27/21 6:14:54 PM
#339
red sox 777 posted...
BS rule changing has happened before:

https://memphismuseums.wordpress.com/2014/08/05/clarence-saunders-corners-himself-in/

This is about a corner that happened in 1923. It should have crushed the shorts. Instead, NYSE changed the rules and delisted the stock.

I feel like this is almost a reasonable move

Like if WSBers were working in collaboration with Gamestop insiders I could see there being some sort of wrongdoing and a justification for giving the shorts a reprieve

This is just a bunch of randos buying a stock because HODL so it seems a lot harder to really justify by any stretch

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TopicYou guys see what's going on with GameStop's stock?
Lopen
01/27/21 5:06:43 PM
#85
Stock offerings don't actually move the stock price nearly as significantly as a split.

Like if you issue 10 million new shares with price $2.50 into a pool of 100 million shares with price of $3 the overall price doesn't move all that much. And offerings are generally close to stock value (and the market tends to course correct to the offering price at that)

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TopicYou guys see what's going on with GameStop's stock?
Lopen
01/27/21 4:48:03 PM
#79
NKED had a 100 to 1 reverse split in 2019 so 7 years ago it was really $230, then it fell so much it needed to do a reverse split to remain listed due to the minimum share price of $1 requirement

Still quite a fall from grace but you know

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TopicStock Topic 15
Lopen
01/27/21 4:41:52 PM
#302
After hours means you can't buy or sell options and buy/sell volumes are generally lower due to less people being around and keeping buy/sell orders up during after hours

That's pretty much it. If you buy stock after hours be sure to set a price limit it's easy to get tricked into buying a bunch of overpriced shares because of the low share volumes.

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TopicStock Topic 15
Lopen
01/27/21 4:17:18 PM
#297
neonreaper posted...
You are definitely way better at this than me, I've been investing in individual stocks and posting in stock topics here for 15 years and have never looked into a single option :O

The other thing that comes to mind is that when you buy stocks, it scratches a consumerist itch so I think in general it helps people save money by avoiding spending money. Of course you can lose money with stocks but it's better to lose a little bit of money with bad trading habits than it is to lose all of it by going to Target

Options are "scary" but I think they get a bad rep because of people carelessly doing them naked or picking bad price targets/durations. If you know the price you're aiming for and aggressively sell them when you're green you can control a lot of the perceived risks. Like today I sold 16 of my 20 RKT calls when it went green by 30% to make $100 dollars and have no risk RKT calls in case it goes to the moon later. If I'd just been sitting on them hoping it'd hit my target I'd be down $40 bucks instead. Of course it's still risky in a way (I pivoted those calls into Canada Goose 2/19 $40 calls that are currently -$72 so it doesn't always work that quick) but yeah like I said there are ways to play them if you know what you're basing the price target on and have a good strategy in mind.

And of course selling calls is just reinforcing good cash out habits if you pick your prices correctly and never buy them back. Every stock that goes into my portfolio, should I survive this, will be in multiples of 100. I'm only eyeing one or two that I can't sell calls for.

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TopicStock Topic 15
Lopen
01/27/21 3:55:50 PM
#285
neonreaper posted...
what I've always tried to get across - let your money do the work for you. and keep in mind, the majority of what we do isn't "make 10 times your investment". I like steady good companies and dividend stocks. I also like meme stocks but it's a small part of my portfolio. Everyone is different. You might not make a million dollars on AMC you might not even make a dollar on it because you were tied up in some value stock. We probably over-emphasize some of our successes in this topic... but whatever it takes to motivate you to invest, that's great. Just don't FOMO.

For what it's worth I think your advice in these topics is probably the best overall it's just not my style

Though it may become my style if I successfully cash out of AMC correctly. With a cool 100k sitting I shouldn't need to do nearly as much hotshotting to make good money. I really just wanted to jumpstart my income a bit since well, I've made a lot of poor life decisions along the way so don't have things like a lucrative job or savings. I have stability but that's about it. Of course getting a better job would be nice but I almost consider settling with my job and concentrating on learning stock market stuff more useful since it kinda multiplies your income coming in. That's more valuable than a few more bucks an hour, really.

With 100k sitting I can use everything I learned and make easy low risk money with like 90% of it and keep a little hotshot swing fund with the remainder.

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TopicStock Topic 15
Lopen
01/27/21 3:23:06 PM
#278
I think spreading out a bit is fine. You're cutting retreat paths by jumpstarting other short stuff. GME might not hit the moon quite as hard but overall more damage to shorters is probably done

This of course assumes GME is a lesson learned and not "haha that won't happen again" which may be giving the big money more credit than they deserve

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TopicStock Topic 15
Lopen
01/27/21 3:16:58 PM
#272
WSB is making money hand over fist so they can spread themselves a bit. I do think AMC can go much higher than this. Lack of options over $9 is what's containing it today.

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TopicStock Topic 15
Lopen
01/27/21 3:05:26 PM
#269
StartTheMachine posted...
Thinking of selling my BB to double down on AMC once more, especially if it dips. Thoughts? I ask you because you seem to be keeping up with the going ons at WSB more than me

I actually don't really follow WSB so I can't help you much there. I just know the following things

  1. WSB theory to squeeze GME applies to a lesser extent to AMC because it's highly shorted, and there were murmurings of doing it.
  2. AMC has the same kind of resume of GME. It's a well known brand that pops off of small bits of news. Seems very friendly to the kind of rallying GME got.
  3. AMC is a viable business with a nice dividend when it's firing on all cylinders, and bankruptcy is off the table. They were in this range or better for every year from the last decade aside from 2020 and 2019.
  4. AMC has a fairly small market cap like GME so I feel like it could pop similarly to GME
  5. These kind of stocks surge on Friday most due to option expirations, so you want to have this stock on Friday. However given how fast GME moved I kinda expect it to surge tonight too.
  6. Lots of eyes and awareness on this now. Fireworks likely just due to that.
I have no idea what their price target is or anything like that, just that I feel very safe to HODL until $30 at least. Your only risk is if somehow the brokers step in to stop it, some sort of regulation steps in to stop it, AMC rushes to do an offering, or the GME short fails (how would it).

Offering is the only thing I'm a bit concerned about but I'm hoping their management knows better. Should be a safe hold through Friday at least.

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TopicStock Topic 15
Lopen
01/27/21 2:37:45 PM
#259
Yeah for what it's worth AMC when it's not COVID'd is legit a contender to be in this range-- the no bankruptcy announcement was important to make this one safer. You don't really need to feel too scared yet. It's using the same mechanics but it's not like Gamestop just yet. That's part of why I got shares instead of calls with this one. The other part is I saw how crazy the premium was on calls for GME so wanted to be the casino.

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TopicStock Topic 15
Lopen
01/27/21 2:15:54 PM
#236
HODL

Seriously though maybe not. Set a target number based on your needs, sell then. That's what I'm going to do.

I'm aiming for 200k. That's enough for a car + $100k to invest + some extra money to pay taxes etc.

That's why I plan on selling $30 calls to start. If those cash I'll be close enough to 200k that I won't be disappointed.

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TopicStock Topic 15
Lopen
01/27/21 2:11:31 PM
#230
CoolCly posted...
What exactly is the catalyst for AMC? Something about calls that are expiring tomorrow?

Well the legit good news is AMC will avoid bankruptcy for at minimum 2021. That's what makes it a safe stock to invest in at $4.

But yes calls/puts expiring on Friday to squeeze these oranges is what we're here for.

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TopicStock Topic 15
Lopen
01/27/21 1:54:12 PM
#214
This doesn't feel like gambling to me. I have so much faith I temporarily sold my TRVN shares (not my calls though) to put more into AMC.

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TopicStock Topic 15
Lopen
01/27/21 1:32:49 PM
#204
Nokia looks unhalted as of 2 minutes ago

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TopicStock Topic 15
Lopen
01/27/21 12:59:12 PM
#192
I'm wall street betting it with 20 $30 calls 2/5

Up $360 so far. Do plan on selling half early if we keep pace.

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TopicStock Topic 15
Lopen
01/27/21 12:57:21 PM
#190
Rocket Companies. It's some banking thing I guess? Had an IPO earlier this year.

Again I'm not claiming any sort of DD I'm just going to the cheap calls on shorted companies here.

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TopicStock Topic 15
Lopen
01/27/21 12:41:46 PM
#184
You want a position tonight if you can. AMC is gonna fly once those options unlock. Not sure what'll happen with GME.

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TopicStock Topic 15
Lopen
01/27/21 12:32:39 PM
#181
Bought a bunch of RKT calls 2/5 because it's shorted and options aren't at a very high premium

To the moon let's go.

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TopicStock Topic 15
Lopen
01/27/21 12:03:15 PM
#174
StartTheMachine posted...
And WSB is saying it's "fake news" to scare retail.


Sounds like it. Otherwise why haven't we seen the prices skyrocket.


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TopicStock Topic 15
Lopen
01/27/21 11:55:49 AM
#168
Tell me you held AMC please

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TopicStock Topic 15
Lopen
01/27/21 11:53:40 AM
#166
Dr_Football posted...
I dont know how yall have the patience to hold!

Well my main scheme is to sell really high priced calls but they're not on the market so that makes it a bit easier to HODL

Tomorrow when I can start selling $30 calls it'll be the real test of discipline.

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TopicStock Topic 15
Lopen
01/27/21 11:30:02 AM
#152
HODL as they say

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