Still waiting for your answer. And yes I am still here. Congratulations on your first half-way decent question yet!
True that. Enjoyed the short lived show. Cool thread and makes a good point, can make for some good trades. Glad to see you become more active, welcome back home.
Oh. Please. 'Roaring Kitty' GameStop investor hit with lawsuit https://www.bbc.com/news/business-56106824
GME and BB. I like the stock. Diamond hands.... Isnt that how it works, then the stonks go to the moon?!.....
I can't believe they left GME halted all the way into the close, then opened it up immediately AH... so crooked
This post will all be from memory, I'm not gonna pull up any articles or reddit or timelines this stuff all happened just FYI, so I could be off on some. ----- Last time this meme stock movement happened this strong was the first GME wave. Now GME is still up there, and AMC is the MORE hyped stock. It was backwards the first time. The first time, AMC did not have a market cap that was allowed to be discussed on Reddit WallStreetBets. What this means is, any thread that was created with AMC, was auto-deleted. I have a feeling the pop from $4 to $20 back during the first WSB pump of GME would have resulted in what we're seeing now with AMC. There were also some smaller moves that I remembered that came along for the ride, and some that were the "new wave" after. Some of those that came along for the ride during the first wave were BB, NOK, NAKD. There were others that I'm drawing a blank on. Their movements mimicked GME to a lesser degree. The reason I decided to post this was because when Robinhood and others "assisted" in the end of the first wave, there were stocks that did the same thing AFTER money dried up in GME and AMC, while waiting for the next big move in the 2 big ones. Some stocks that came after, in order, were SNDL, CCIV, RKT, EYES. I'll be watching some of those 4 highlighted blue above. Eventually, when the "huge gains" start disappearing from the big 2, money will disperse into the ones people remember (in my opinion).
I am one of the Ape's. BB is one of the hot and heavy trends right now and I believe it will stay that way. Same with NAKD and SNDL but to a lesser degree. I woke up to AMC tanking. I was thinking about buying a couple days ago at 41$ and got scared. The diamond hands are trying to stop the bleeding and restore a rally but thats looking harder and harder with the profit margins people have made in the last couple months. people cashing out now and buying the lambos and hookers.
I bought more shares earlier today @52, confident this goes triple digits easy. Daily volume is 3x what GME was at its height in January. Not saying that really means anything price wise, but it shows how fast this thing can run up. Comparing the charts with AMC now and GME mid January is very interesting, but what do I know, ape hands here.
AMC has 457 million shares outstanding. It traded more than that yesterday and moved +100%. It's going to trade more than that again today but it's not moving higher. Made a nice bounce from $40 but it has to exceed yesterday's high. If you're in it here at $65, better work out an exit strategy if things don't go as planned. eg you could sell calls, or buy puts, or etc.
AMC doesn't/didn't have the same potential as GME because AMC diluted their shares and took advantage of the first meme wave a few months ago.
