The AMC Stock Discussion Thread

[CoryMack]

Theoretically either share can go as high as the apes are willing to hold for. Its a matter of how many shares over the float would need to be covered, if the stock keeps squeezing through all the paperhands who are willing to sell at lower prices, then it can get to the outrageous prices you read in this thread.

I think GME will push the limit of the maximum share price the fed will allow since the float is owned so many times over and at lower volumes per individual. When a paperhand sells it will only give 1-50ish shares to the shorters that need them.

AMC has more shares in it's float and more shares per individual. So when a paperhand sells early it will be to the tune of hundreds if not thousands of shares. But I think the squeeze publicity and the FOMO will have more people on code. You gotta think how many more people had this same kind of conversation this weekend. Anybody who knows why GME and AMC are trending again knows what type of returns they're holding for.

I thought 50 before but it could probably hit 100.

what's the maximum share price the fed will allow?

when you say 50-100 you mean $50 to 100.00?

That's a good point.

The government knows big biz can get around taxes with loopholes but the average Joe is going to pay some $$$ on the capital gains. Financially, let the regular Joe's eat now and let Uncle Sam collect his share of the cheese next spring.

That’s the only way this makes any kinda sense to me. The gmc thing came outta nowhere for most of us, but it seems like everyone knows about this and that’s kinda scary. But if something crazy is allowed to happen one of the reasons will be because the regular dude gets his taxes done at Walmart and will pay every cent and be happy to do so, whereas hedge funds been getting away with paying little to nothing forever now.

 

[Dallas' 4 Eva]

How confident are yal about this?

$50-100 is realistic.

 

[Sohh_lifted]

$50-100 is realistic.

paper hands.

 

[Kenny West]

How confident are yal about this?

I put every dollar I had in GME mid February, haven't sold any shares. Just bought more almost every week....im that confident

When you run the math over and over, its just too many impossible type results. Take AMC last week, there were more than a billion shares traded within 2-3 days. With shares still being borrowed for shorts.

For a shorter to find a share to cover in these conditions that would have to mean that ALL of these happened:

1. Every share the company ever issued changed hands twice in those two days
2. Every single person who bought AMC in those two days sold. 0 margin for error.
3. Every person who held shares before that....doesn't count...


Does that seem possible to you?

Then why is the borrow rate for a shorter the lowest it's ever been this year?

This a blindside of epic proportions and a result of numerous systematic oversights.

Covid crashing the market causing the fed to print money, trump letting hedgefunds overleverage so he could brag about the stock market doing great, naked short selling never being seriously legislated against because the nation isn't financially literate, the amount of corruption the government allows in the financial sector, the Trump era breeding a mistrust of news outlets, Robinhood/Cashapp getting millenials access to the market, stimulus checks, the underestimation of retail's market participation and so much more.

Something like this will never happen again in our lifetimes. Its worth the risk and has better odds than any lottery ticket I've ever seen.

 

[pawdalaw]

$50-100 is realistic.

We was damn near at $50 last week. It hit 36 while they were still shorting. Understand that this has been trading sideways through manipulation. If you look at the daily volume, input, output then you see the fukkery. $50 without a squeeze is the bare minimum. I feel confident in saying we will hit $50 before the squeeze. 50 might be the catalyst to start it.

 

[DaddyFresh]

This is the first time thousands of people ain't feelin a long weekend

My brehs are trying to get paid

I woke up this morning and rolled over to check AMC price. Went back to bed and checked it again a couple hours later and realized the market was closed today

 

[pawdalaw]

Remember yall, shares breaking a band is not an anomaly. Chipotle shares been trading at $500 and above for years. It currently sits at $1400. This situation isnt about logic or reason. The hedgies let their pride get in the way of profits. We wouldn't be here if they had just covered everything from when GME happened. They dug in deeper with GME and could have got away on AMC for a fraction of what they paid in the past month.

 

[he_is_I]

Should it matter what price I buy in at or should I just be tryna get in asap? For AMC..

 

[Phillyrider807]

I have 100 shares. I'll def be buying more until it reaches the 50$ range and from there I'm cool with letting that ride out and be what it's gonna be. Doing my research this does look like a once in a lifetime opportunity.

People are really thinking too small. As someone else said a couple posts up. Stocks hitting 1k a share isn't unrealistic. This shyt has a VERY good possibility of going through the roof.

My uncle told me this morning the Volkswagon short squeeze was in his guidebooks. This AMC one will be in our kids guidebooks! This is history!

Also i sugesst everyone here if they haven't seen it go watch "The Big Short"

 

[Cobalt Sire]

I'm with Fidelity. Can I get in on the pre-market, or will there too much demand? I'm new to stock trading.

 

[bnew]

I'm with Fidelity. Can I get in on the pre-market, or will there too much demand? I'm new to stock trading.

yes

Fidelity Extended Hours Trading (Pre Market, After Hours) 2021

 

[JordanwiththeWiz]

Are we rolling profits into $AMD since the Tesla rollout? You think we can get that thing to $150

 

[Batsute]

$29 at the pre market

 

[Secure Da Bag]

We getting to $40 today brehs?

 

[hu3ypdadon]

Who buying more today ?