The Brehs of Wall Street (Offical Stock Market Thread)

NatiboyB

NatiboyB

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cobra said:
When should I sell my AMC? I got in at 13 last time and was left holding the bag


Not going to be able to do any work tomorrow
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Honestly I’d wake up tomorrow and keep track of it starting at the earliest moment your broker allows you to trade...follow the charts and put a stop loss on wherever you make a good profit. Not sure what your average cost is.

but if you are just jumping in right now and are going to trade fast I’d purchase the shares and put a stop loss on the price you purchased it after it gets past there. I expect them to fukk with it tomorrow and keep halting it.
 
I Really Mean It

I Really Mean It

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NatiboyB said:
Honestly I’d wake up tomorrow and keep track of it starting at the earliest moment your broker allows you to trade...follow the charts and put a stop loss on wherever you make a good profit. Not sure what your average cost is.

but if you are just jumping in right now and are going to trade fast I’d purchase the shares and put a stop loss on the price you purchased it after it gets past there. I expect them to fukk with it tomorrow and keep halting it.
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I really wish y’all would stop suggesting that a repeat of what happened with GME is going to occur when AMC’s price skyrockets.

That is simply is not going to occur.

1. Robinhood almost went under after the mass exodus of consumers upset at what they did.

2. The company was just grilled by Congress.

3. Robinhood has received a warning that this cannot happen again or there may be criminal penalties.

4. Robinhood may still be subject to a class lawsuit stemming from what they did during the GME squeeze.

5. AMC’s stock exploding is a boon to the economy and a PR win for country in the midst of its recovery from the pandemic.

The simple and unalterable fact is that this train has left the station and Robinhood can’t do anything about it at this point.

:francis:
 
klientel

klientel

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I Really Mean It said:
Only needs to stay above 6.5 to hit the moon on Monday.
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You have been giving out terrible advice in this thread. You sound like one of them Reddit “to the moon” dudes that had people holding serious bags


What evidence do you have that AMC is going to do anything on Monday?

:unimpressed:
 
I Really Mean It

I Really Mean It

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klientel said:
You have been giving out terrible advice in this thread. You sound like one of them Reddit “to the moon” dudes that had people holding serious bags


What evidence do you have that AMC is going to do anything on Monday?

:unimpressed:
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I don’t give out financial advice. Just parroting what I read on stocktwits and reddit, from people who’ve been a hell of a lot more successful at this than me, considering I am somewhat of a neophyte whose only participation in the market has been through passive channels like a 401k.

From what I understand, a ton of brokers had sell orders set at 6 or so that will end on Friday’s closing. If those orders aren’t fulfilled, which they likely will not be, there will something called a gamma squeeze, which is a precursor to an even greater squeeze.

Again, this is largely foreign to me, but I think the gist is that a lot of hedge funds are about to be holding the bag because the people will have driven the price up.

:yeshrug:
 
NatiboyB

NatiboyB

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I Really Mean It said:
I really wish y’all would stop suggesting that a repeat of what happened with GME is going to occur when AMC’s price skyrockets.

That is simply is not going to occur.

1. Robinhood almost went under after the mass exodus of consumers upset at what they did.

2. The company was just grilled by Congress.

3. Robinhood has received a warning that this cannot happen again or there may be criminal penalties.

4. Robinhood may still be subject to a class lawsuit stemming from what they did during the GME squeeze.

5. AMC’s stock exploding is a boon to the economy and a PR win for country in the midst of its recovery from the pandemic.

The simple and unalterable fact is that this train has left the station and Robinhood can’t do anything about it at this point.

:francis:
Click to expand...

Not sure why you are talking about RH. Everyday multiple times a day it seems like they halt the runners and it doesn’t seem to be a specific amount of time it takes to unhalt them. I’m not going to sit up here and argue about what could or should happen but I’d be unwise if I didn’t expect some type of halting or other stuff.
 
klientel

klientel

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I Really Mean It said:
I don’t give out financial advice. Just parroting what I read on stocktwits and reddit, from people who’ve been a hell of a lot more successful at this than me, considering I am somewhat of a neophyte whose only participation in the market has been through passive channels like a 401k.

From what I understand, a ton of brokers had sell orders set at 6 or so that will end on Friday’s closing. If those orders aren’t fulfilled, which they likely will not be, there will something called a gamma squeeze, which is a precursor to an even greater squeeze.

Again, this is largely foreign to me, but I think the gist is that a lot of hedge funds are about to be holding the bag because the people will have driven the price up.

:yeshrug:
Click to expand...

you didn’t learn from the first GME fiasco

the shorters and hedge funds don’t work on your timeline. They don’t have to do shyt by a certain date. All we heard during the whole GME thing was “this is the date!” or “they HAVE to buy back on this date!” And nothing happened.

You gotta stop listening to wall street bets. Remember, at its core that place thrives on “lost porn”. They want you to hold bags and go broke.
 
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