is $AMC squeeze over?

[whttevrr]

6. Just a note on this:

Last edited Sat Jan 30, 2021, 05:51 PM - Edit history (1)

There is high risk of these stocks falling just as quickly as they rose to form low lying pools of tears.

$GME is at an astronomic high and is a game that should only be played with money you are willing to set on fire.

I personally bought some at 90 but took profit at 95 for a 5.5% gain and have been waiting for the dip ever since. I am tempted though, and might go get some 100's from my stimulus check and set them on fire before I buy more.



$AMC is a lower entry play that is very risky. The short position is not as high as $GME and in fact it is $AMCX that has the larger short position. But hordes prefer simplicity. Plus they are issuing more shares.

https://www.marketwatch.com/story/amc-entertainment-to-issue-444-million-shares-as-investors-opt-to-convert-600-million-of-convertible-debt-2021-01-28

A good read at this time is "Extraordinary Popular Delusions and the Madness of Crowds" by Charles Mackay.

On this one I was a little more fortunate in that I was able to get more pieces on the board to increase my returns. At 4.75-4.83 it was a steal and I could buy many more shares. When I tapped out at 5.88 it was a better than 20% return. Then I parlayed those winnings into a play that went from 15.85 post-market to 18.85 pre-market for another 18% return. When the price sank to the 7-8 range I got more at 8.18 and sold again at 10.37 for 25% gains. But I also took a small position at the end of the day that did not pan out. I got back in on a small position at 10.47 and noped out at 10 because it was my money now. And JG Wentworth couldn't do shit for me if I held into a big drop.

However, if I had held a little longer, say... 12 more hours? lol. I could have gotten 12-16 dollars. But. I am in asset preservation mode now, so anything that shows the slightest loss is dropped as soon as possible. It is the lesson that is hardest for me. Selling the losers. Ugh, if I had just sold when I first felt the shame of buying too high I would have so much more right now. Fighting for the right to be right with money is expensive.

It is better to be wrong and lose 100 bucks than be right and lose thousands.



$NOK could become a nostalgia play. Because that phone just would not die. It was the brick that just worked. And the stock is coming up on the radar.

r/wallstreetbets is going hog wild on $GME right now and it could go either way. Eventually the end will be with many tears of both joy and pain. Please be careful.