I avoid posts about marketing, roofs and other stuff I have no interest in. I’ve seen this thread for a week, had an epiphany that the AMC might be referring to javelins. Boy was I wrong.
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I was thinking a sweet Cherokee Chief…
I appreciate the concern. I dont want to be homeless either although somedays the simplicity seems attractive. If I do end up homeless its because I’m thinking about selling my shotguns while the market is hot and re buying once it corrects. Either it happens and I’m better off than I was or it doesnt and I’m still a fool but with less money.
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That stock stinks to high heaven, smells like the country it is founded in took out a little monopoly money. It only dropped due to all the bad press, things are smelling like the 20’s.
Rumor is, that stock HKD is a Citadel affiliate and its a big facade. Retail never moved money to it, it looks like a big pump and dump. It is ironic that it was able to smoothly and quickly run over 20,000% but when GME ran to $400 bucks there were multiple halts and eventually robinhood just removed the buy button and other brokers followed suit.
Hope you sold your AMC the other day. Down to 18 in after hours tonight due to Cohen selling entire position Wed of BBBY. Put a damper on all the meme stocks.
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Made a few bucks on some GME & AMC calls but still holding my AMC shares. But I think AMC still has a ways to go. Dividend APE shares start trading Monday. Should be interesting if this somehow proves the possibility of synthetic shares. The APE shares are purposely being distributed from Computershare to the DTCC then to brokers. So if there’s a bunch of AMC shareholders who don’t receive their APE dividend shares, it should be enough ammo to warrant a DOJ investigation.
I sold a couple of naked calls on BBBY when it was 28 a couple of days ago for over 4 for tomorrows expiration. Covered today for about .25
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I finally learned about covered calls and will be experimenting with them after the dividend goes through!
As a former licensed investment adviser…options are not something to ever “experiment” with…
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By experiment I just meant discovering and selling my first covered calls. Relatively low risk, if AMC runs to $40/share and I have to sell 100 of my AMC shares at the $40 strike, and keep the premium? Hell yeah I’ll give it a go. Only downside would be if it starts running and it sells early. It’s not like I said I was going to experiment with OTM call options on margin that expire today. 
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Yeah, I come from the school of unless you have $250k invested, you shouldn’t even be buying individual stocks IMO. Low-cost mutual funds (worst case index funds) are usually the best option. I set it and forget it…rebalance my allocations and check fund performance metrics every so often to see if one is significantly underperforming it’s sector, that’s about it. I have friends that message “did you see what the market did today?”…nope, did the $$$s go up on the quarterly statement? How did it do relative to the market as a whole? Trading is fun and interesting, investing is not suposed to be either really.
I agree and have a seperate 401k that is in some boring but safe mutual funds. With the whole meme stock craze; my viewpoint is simply that I would be much more upset with myself if I chose not to take the chance on AMC and then it runs and I miss out vs than I would be if I did take the leap, buy some shares, and it doesn’t work out for whatever reason. It costs me nothing to hold the shares and wait. I personally don’t think or believe it will go to outrageous numbers $1,000+, but is it possible for it to go to $200 maybe $300/share due to a short squeeze? I think so. The MSM have done a great job at painting these stock plays as childish, uninformed, and seemingly irresponsible investments. But its kinda the opposite. The hours, days, weeks, and now going on years of research that has been done is pretty extensive. And if these stocks are such a waste of money and there’s no naked shorting or synthetic shares floating about, then why has the media spent so much time and resources on negative coverage of these “Meme Stocks” for almost the past 2 years?
Here’s what I think has happened and what will happen. Hedgefunds got greedy and got caught in the original Gamestop Squeeze in Jan of 2021. Share prices started skyrocketing and there were a lot of buy orders submitted and waiting to be executed on that fateful Monday, but then brokers halted buying but allowed shares to be sold, which very quickly and efficiently brought the prices down and prevented large HF’s (Hedgefunds) from going belly up. Then for the past year and a half, some HF’s have made huge money off collecting option premiums, some have been closing their short positions while others have increased theirs, and some weren’t so fortunate and delcaredy insolvency. I unfortunately do not think that this ends with a David vs Goliath where only retail investors end up winning and all the sketchy banks, HF’s, and other nefarious fat cats all loose. The way I actually see this going down is similar to what happened in 2008.
When the big boys (Citadel, Blackrock, Goldman, etc) position themselves so once they are net long on these stocks, they will then allow/help these stocks to run to their ATH’s, as its now in their best interest to do so. A part of me wishes I never got wrapped up in the recent craze and that I remained blissfully ignorant of how corrupt everything is. But instead I was confused and later shocked after some of my buy orders for GME didn’t go through in January of 2021; and since then I have been enthralled by recent financial history. The fact that banks who made poor investment decisions, basically went broke, lost all of their investors’ money (alot of which comprised of blue collar pension plans, 401k’s, etc) to then get bailed out by the U.S. taxpayer, and 1 main fall man gets punished? Oh and then shortly after getting an immediate bailout of $700 billion some bank executives gave themselves salaries and bonuses to the tune of 1.6 billion. Directly from CBS “Banks that got bailout funds also paid out millions for home security systems, private chauffeured cars, and club dues. Some banks even paid for financial advisers. Wells Fargo of San Francisco, which took $25 billion in taxpayer bailout money, gave its top executives up to $20,000 each to pay personal financial planners. At Bank of New York Mellon Corp., chief executive Robert P. Kelly’s stipend for financial planning services came to $66,748, on top of his $975,000 salary and $7.5 million bonus. His car and driver cost $178,879. Kelly also received $846,000 in relocation expenses, including help selling his home in Pittsburgh and purchasing one in Manhattan, the company said.”
Don’t even get me started about the rating agencies, whose ratings encouraged trusting investors to buy certain securities while knowing these securities were worthless, but rated them A, A+, etc as long as the banks (who btw created these terrible investments) paid the rating agencies enough in “Fees” to help grease the wheels.
So yes after learning about all this, it became apparent that I could possibly make a good chunk off a well theorized short squeeze and at the same time it would be at the expense of some of these horrible and immoral fat cats. Hell yes I’m in. A few Hedgefunds have already declared bankruptcy and hope that those like Citadel, who according to a recent 13F filing is down nearly 25% ($100 billion) this year, will get exposed and fall as well. Sorry for the rant, it was a slow day at work and I’m tired of catching sh*t for being involved in this play. The goal of this post was to give a bit of insight to the “Why?” and how for some of us involved, it’s much more than just making a few bucks of a stock.
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Everything is a “pump & dump” scheme on some level. With OTC penny stocks it’s just easier to manipulate the prices enough to make it move…but with enough influence/broadcast width, one can impact even moderately large stock prices. The downside of your playcan wind up being that these folks will always have earlier intel on things than any individual investor (or small group of investors) ever will, and often folks that set out to “get the man” often wind up sicked into the play that benefits the man in the long run (or being the biggest loser" in a real downturn).
Remember, the mindset of these guys is more like a baseball batter, batting .300 is a pretty good average, and the’re happy to swing for the fences because everyone remembers (and plays up) the “homeruns”, but the strikeouts get forgotten quickly. In that scenario, what’s the dis-incentive for anyone to take the risky play? It’s rarely their own money at risk, and just a couple successes can be marketed to overrun any failures.
That was why I was always in favor of % fee-based management accounts, the manager gets paid more if they do a better job overall. The only marketable info in that scenario is “my clients portfolios grew x%”…
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Looks like the next one is already in motion…and all the added coverage just adds to the effectiveness of the strategy…
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Man take 30 seconds to research why, they just did a dividend stock split with the creation of a separate stock, AMC Preferred Equity or “APE”. Why weren’t you here when it was up 40% recently?
They did the split to allow them to dilute the new seperate ticker APE without diluting AMC. This may allow the company to pay off literally all their debt and become cash flow positive, all without messing up the float and the possible short squeeze on AMC.
keep watching.
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Please don’t try to help. It is called natural selection - the hedge funds, or whoever else is running these p&d’s, are LITERALLY doing the world a favor…
That’s truly a pretty horrible thing to say.
