Board 8 > Stock Topic 19

(+) Yeah! (+)

500k bots probably

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I just had an old tab open, it turns out. There are still 8.3 million apes there trying to hoard some bananas donkey kong style

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"Jungle has 100 bananas. Wall Street Smarties have borrowed 60 bananas (most are not real, they just wanted more to manipulate prices). Stupid Apes buy 80 real bananas because they like that banana. Wall Street can now only sell 20 bananas legitimately, while it will be clear the other 40 bananas are fake (even though they spent real money on them).

SEC doesnt realize more bananas are owned than exist. When they find out they gonna be hella mad."

This is the best thing I've gotten out of WSB.

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https://fintel.io/so/us/amc/blackrock

aw yeah hedge fund bois to the rescue

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Sunroof posted...

Blur, I can hold AVCTW through March! Is it liable to drop like 20% though? I have to read up more on it.

Oh, I never saw this. AVCTW could absolutely drop 20%. Hell, if somehow there's no news again, the warrants could drop down to like 40 cents - if that happens, load the fucking boat.

But it's also a potential ten bagger when AVCT really gets shit up and running with the combination of Computex, Kandy, and especially their AT&T Partner Exchange program bringing in the profits. Ideally they finally give us guidance this next ER since we know that they're holding their first conference call. But disclosing guidance is not the AVCT way.

Worth it to hold for the moon gains.

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Alright how does the AVCTWarrant work. What is our target price and timeline and what do you think is a good price for it.

I just realized I'm on E-Trade now so I can buy some

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Since I've only been posting good trades I made, I sold 100 shares of CCIV yesterday because it was up 10%, and its up 30% today. "Oops"

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Lopen posted...

Alright how does the AVCTWarrant work. What is our target price and timeline and what do you think is a good price for it.

I just realized I'm on E-Trade now so I can buy some

Warrants can be traded just like common stock, which is what most of us intend to do rather than exercising. They have an expiration date in 2025, I think in April. Price target is between 5 and 10 for most people in on AVCT, but I plan to sell the next news drop, because I have 60,000 warrants. So let's say I sell at 2 and get back in at 1, well, that's 60k right there. When the common stock hit 14, the warrants hit 2 though. This next part is important to understand about warrants.

Like calls, warrants go wayyyy up when the stock is trading in the money. Exercise price for AVCTW is 11.50, and from that point on, upwards gains in the common stock will grow the warrants exponentially. So the long hold is a fine strategy here. The only reason I intend to sell the next run is because it's a low float stock and people will profit take, and like I said, pocketing a 60k difference I can immediately throw in the bank sounds good to me. Obviously I won't time it perfectly, but whatever I can pocket I'll be happy with, to secure profits and keep holding long.

The timeline is hard to say, I think it's at least a year hold for warrants to reach 5+, and could be longer than that. But hey, good ass tax rate if you do hold. AVCT intends to be a 1 billion+ market cap company, a lot of this revenue will be generated from their AT&T Partner exchange program, which will provide 400 million in revenue for a couple years. Basically more than half of the board at AVCT came from AT&T, including the CEO who is now AVCT's CEO, so winning contracts for AVCT should be an absolute breeze.

Take a look at IEAWW's year chart though if you want to see the beast that AVCTW could very well be in 2021, if they finally start giving us news and guidance.

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Doubt Amazon announces a split tonight. Guess we will see where it goes but Ill assume it has a slow dump like last time

That said I was considering buying some last night.

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greengravy294 posted...

Doubt Amazon announces a split tonight. Guess we will see where it goes but Ill assume it has a slow dump like last time

That said I was considering buying some last night.

As I typed this it went up 2%

Lol

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masterplum posted...

Since I've only been posting good trades I made, I sold 100 shares of CCIV yesterday because it was up 10%, and its up 30% today. "Oops"

I was looking into CCIV myself

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Okay so basically if at anytime AVCT is above 11.50 this thing will surge and the expiration date is 2025

So it's like a 11.50 call that expires 1/25

That's actually a really good buy for $0.60. Count me in.

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Jeff Bezos stepping down as CEO of Amazon. Well that was unexpected!

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red sox 777 posted...

Jeff Bezos stepping down as CEO of Amazon. Well that was unexpected!

uhhh should I sell right now

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I don't know how the market is expected to react to that

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They had their largest quarter ever so nah fuck that I'm holding til like 3800

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So Moonroof no idea if you are still following WIX but it looks like you were right about it
Too bad you decided not to

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Every stock Ive mentioned on this series has been good. I just dont hold them as long as I should.

I meant to invest in Amazon and Google right when I posted about then earlier today, but work got crazy. Now Google is up 7% after hours. Lame.

Especially CMG

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I know the good long stocks. Less the good short stocks.

I sold CTRM for 65 cents after buying for 71 cents i am bad at day trading

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StartTheMachine posted...

They had their largest quarter ever

The problem is that this was already priced in. I expect amazon flatlines or goes down in the next few days personally.

Amazon is never a bad buy though

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If there's a dip i will consider buying amazon, i wonder how much it could go though. Below $3200 sounds like a buy to me but that might be too much of a stretch

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They just need to hurry up and announce a stock split so I can roll in the dough

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Thanks to AMC, I am going to increase my usual minimum investment amount of $25k per stock to $35k. I am also going to hold longer.

CoolCly posted...

If there's a dip i will consider buying amazon, i wonder how much it could go though. Below $3200 sounds like a buy to me but that might be too much of a stretch

Amazong was below 3200 so many times lately...
The stock is stuck

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Yeah, Amazons six month chart is not impressive. I would have done it for a quick sell after the ER or if I thought it was going to split.

Google, on the other hand, has been very impressive. Might be bad timing now that it is exploding AH though.

Short volume ratio for GME today was 23%. That's higher than it's been for while. It was in the 17-19% range all through last week and yesterday.

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Im not going to lie, seeing GME cratering and that article I shared earlier saying the price target for it is $1, my hands are wavering on AMC.

I got in at 7 even, so Im tempted to cut and run

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The price target of $1 is a bad joke

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Basic logic says it is, but theres a voice in the back of my mind going Its Marketwatch, they know what theyre talking about.

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People on the deSPAC/AVCT discord dug into the fintel report of Blackrock's AMC purchase purchase and found out that buy was done on 12/31/20. Gotta love how social media spreads misinformation, and I bought it too! This research is why I love that discord.

Yeah, just because a filing is done a certain date it doesn't mean the purchase was done the same time too. That said, Blackrock bought shares when they were at a much more serious risk of bankruptcy, so that's an interesting move.

Ultimately anything Blackrock related is meaningless at this point because they could have sold all of their shares at any point during AMC's recent rallies

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If you're even humoring the $1 PT you probably should get out if it opens green tomorrow morning. Nothing wrong with a 10-20% return on your investment.

That being said I don't think it will go below $4 ever. If you think you can diamond hands through a 50% drop then see you on the moon brother.

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Lopen posted...

That being said I don't think it will go below $4 ever

I literally loaded up selling CSP at this strike because i agree and the premiums are so high.

Honestly though if i had the shares at 7 and wasn't super confident i would consider selling covered calls at like the 10 or 11 strike for the nice premium. It would bring your cost basis to like 5.50 give you decent upside potential (max gain of 4.5 or 5.2 a share) if they execute and if they finish next friday at like 8-9 you are in an amazing spot.

Like I don't think you can lose with that play, the only downfall is capping your potential profit but if you are losing confidence already that shouldn't be your concern imo

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A $1 price target makes so little sense, if they wanted to write a serious piece, they'd have written a bear case thesis for why AMC is doomed to bankruptcy, not to penny stockhood. Reminder that another "serious" financial analyst website gave AMC a price target of $23:

https://www.zacks.com/stock/news/1253516/amc-entertainment-amc-moves-to-strong-buy-rationale-behind-the-upgrade


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Yeah I'm no longer super confident that's why I'm spamming $13 call sells to try and bring my cost down. I do think if you've got 100 share groups that selling calls will be pretty lucrative if you've got a $7 entry.

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Was almost at 70k, not gonna lie that could have changed the direction my life is going, I could have moved from the state I hate living in, I could have had a new/newer car, and not had to worry much about money for a bit. But I believe in this and every day I see dfv take millions in losses I believe he is still on to something. I'm still not in the red total for my account so I haven't been bleeding money like some of you absolute Chad's, let hope this is the darkest part of the storm and we will see brighter days. It's just money you can make more and I have to admit this got personal after last week and this weeks attack on the free market. Let's go .

This is the first one that really made me oof.

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I think DFV has already cashed out $10mil, but that won't make those people feel better...

I think I might as well cash out my last shares for what's left and hold on to like 5 shares until the end of time as a memento

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I wonder how many of those people held because of "social trust" or whatever the right term is
Like, " I believe my friends! If they say they won't sell, then I am not selling!" even if they don't truly believe there is still a chance for the stock to go back to 300+ levels

Trusting other investors and traders in the stock market is a weird (and imo impossible) concept to me


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I think there are people in this topic who did that

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After reading Mark Cuban's AMA I feel a lot better about AMC.

Still going to average down with sold calls but we'll have our day. Someday. WSB is too stubborn to just let the market makers win.

(GME still too expensive to hell with that noise)

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Nanis23 posted...

I wonder how many of those people held because of "social trust" or whatever the right term is
Like, " I believe my friends! If they say they won't sell, then I am not selling!" even if they don't truly believe there is still a chance for the stock to go back to 300+ levels

Trusting other investors and traders in the stock market is a weird (and imo impossible) concept to me

That seems to be 99% of the Reddit posts
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So I know there's a bunch of you in this topic that this is a hobby, so you get personal enjoyment out of the time spent and there's the thrill of "hitting it big". I also get the sense that, at least here, people are only playing with money they could afford to lose.

My question then, is, compared to just putting your money in a broad market index fund, how much more (or less) money do you think you've made trading individual stocks?

Or, to put it another way, here's my performance in my non-retirement account over the last 5 years, invested 100% in broad market mutual funds using dollar cost averaging to put in a certain amount of money every week. My beginning balance was around $150k. I made around $77k of purchases. I have around $115k of investment return (site says ~10% rate of return), for an ending balance of around $342k.

Given those numbers, do you feel I've made a good return? In the same scenario, do you feel like you could have done better getting more personally involved buying individual stocks?

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Seanchan posted...

So I know there's a bunch of you in this topic that this is a hobby, so you get personal enjoyment out of the time spent and there's the thrill of "hitting it big". I also get the sense that, at least here, people are only playing with money they could afford to lose.

My question then, is, compared to just putting your money in a broad market index fund, how much more (or less) money do you think you've made trading individual stocks?

Or, to put it another way, here's my performance in my non-retirement account over the last 5 years, invested 100% in broad market mutual funds using dollar cost averaging to put in a certain amount of money every week. My beginning balance was around $150k. I made around $77k of purchases. I have around $115k of investment return (site says ~10% rate of return), for an ending balance of around $342k.

Given those numbers, do you feel I've made a good return? In the same scenario, do you feel like you could have done better getting more personally involved buying individual stocks?

All the regulars in this topic has gotten better rates of return than that BUT this topic series was started in March 2020 at the bottom of a deep bear market and we have had an amazing bull market since then. I think it's very hard to make fair comparisons until we see how this topic does in something other than a record setting bull market.

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Jakyl25 posted...

That seems to be 99% of the Reddit posts

I definitely fell victim to it too. I was content cashing out my huge 50k win on AMC and making fun of the HODL diamond crew and then I started buying shares back and suddenly kinda became one. It's pretty easy to get swept up in these manias.

You know, I do still wonder what was up with that $20 AMC call yesterday - someone dropped over 2.5 mil on one right before market close. Redditor whale trying to be the next DFV or institutional money that knows something?

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StartTheMachine posted...

I definitely fell victim to it too. I was content cashing out my huge 50k win on AMC and making fun of the HODL diamond crew and then I started buying shares back and suddenly kinda became one. It's pretty easy to get swept up in these manias.

You know, I do still wonder what was up with that $20 AMC call yesterday - someone dropped over 2.5 mil on one right before market close. Redditor whale trying to be the next DFV or institutional money that knows something?

Most likely a hedge fund short AMC protecting themselves in case the infiniti squeeze happens. There was also a lot of action on the GME $800 strike 2/5 call. With those calls in place, that fund's loss is limited to the $800/share level which they can manage.

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big reason why I didn't buy a lot of actual amc stock but calls is because I love the stock but was confused by its rise as it was reddit and good news combined.

Got a bit lucky cashing out most of my money when I did tbh, and am now very comfortable with my position long haul again even if it might be red for a bit.

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red sox 777 posted...

Most likely a hedge fund short AMC protecting themselves in case the infiniti squeeze happens. There was also a lot of action on the GME $800 strike 2/5 call. With those calls in place, that fund's loss is limited to the $800/share level which they can manage.

Ahhh this makes a lot of sense.

I definitely wish I bought AMC puts to hedge my position when I bought back in a bit too high. With a stock so volatile, I could have just sold those puts during the inevitable dips for good money.

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