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I don't know about Robinhood specifically but usually it's 3 business days for funds to fully "clear" from a stock sale.
If you only installed the app this week, there is a chance your money from the bank might not have even made it to Robinhood yet and everything you have been doing has been on Credit, not on actual money
Just an FYI for you and everyone else focus on AMC. They will survive this year because a firm that owned $600M of their debt converted it to equity (reducing debt by $600M) and immediately sold all of it and liquidated their position this week.
They have far more knowledge than everyone and they got the heck out at $15.
it's one of the smartest moves I've seen. They essentially helped save the company and got out of a zero with a cool 500M.
remember the smart money got out
I got out on AMC at 15 today. Hell no, was only in it for the meme stock price jumps - then they pulled their shenanigans with buying. No confirmation about Coronavirus going away any time soon and you know, people streaming stuff now. People might go back to movies for a few months because they can't now, but when they can do it freely they won't.
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And RH themselves was scrambling for money to cover everything, some more on that:
Robinhood, in Need of Cash, Raises $1 Billion From Its Investors (Published 2021)
The no-fee trading app, which is popular with young investors, has been strained by the high volume of trading this week in stocks such as GameStop.
After how they handled this I guess they're fulfilling the Robinhood to their own benefit, by getting investors to pump in more money while they were destroying their own reputation and devaluing themselves ahead of their IPO.
Course in their position and amount of money they're dealing with I imagine they're being pretty conservative. It'd be crazy risky and greedy to push it when the opportunity to get out with a huge payout was right there.
Got out at $15 too and felt lucky cause the high wasn't too much more and was usually around $11-13 most of the day iirc. Didn't have too much in and tripled up so I'm happy. Could've just it ride but already have that going with bigger money in GME, so took the AMC gains while I could so I didn't have to watch and think about it anymore.
I disagree to some extent. Yes people like to stay home, but people also like to find excuses to go out, see all the crazies in groups during a pandemic often without masks. And a movie is perfect for that even if you can watch it at home.
Plus idk about you but I'm more likely willing to spend $20 on a movie if I can see it in theaters than at home, otherwise I will probably rent for cheap. It's a psychological thing for me. My gf's dad is the same way. I wouldn't be surprised if this line of thinking is somewhat prevalent.
Why not. Only have 4 shares of it, willing to stay 1 year or more with them to see what happens.
Bought them at 13 so even it if plummets to 0 it's not like I'm loosing my life savings lol
Completely untrue. As soon as corona isn't a threat anymore, theaters will continue to operate like normal. It is an experience. Literally not a single person I have spoken to about this issue agrees with the Era Bubble. Everyone is looking forward to returning to theaters and thinks viewing movies in their home is an inferior and less enjoyable experience overall.
Yes and it wasn't up the entire time. It also didn't work for me initially.
Not gonna lie. (serious) excited to spend a bunch on popcorn and concessions with giant screen. Always an experience for me.
if their business is taking on debt they probably just wanted to recoup their money quickly rather than leaving it invested in risky volatile stock?
safe money will get out because AMC is a gamble for sure but from what I understand it has been heavily shorted so the gme effect is a possibility (though not to the same extent) but moreover movie theatres are a viable business long term and will likely have a bit of a boom when lockdown is lifted so I don't think it's 'not smart'
it's a gamble, your capital is at risk, but it has some merits
Sure but theaters were already on a steady decline. Looking at the average price of AMC over the past five years, it was at $15. AMC is overvalued right now and it will certainly have a tough time going forward, pandemic or not.
People are itching to get out of the house. There will be a huge surge of people dining out, going to clubs, movies, etc. after the lockdown eases.
It's gonna take literally years before audiences ever get back to the numbers they had pre-Covid.
I 100% agree. Like cmon people, folks are dying to get the fuck out of their homes and share their experiences with other human beings. Theathers, music venues and restaurants are going to boom as soon as Covid fades away, which is going to happen soon (this year) even if we fund some bumps on the road.
Streaming and gaming are the services that are going to decline, really. Right now they dont have much competition on the race for our free time lol
Wonder how this compares to SoFi. I use Ally for my primary checking savings.
Not to mention the insane number of movies backed up. Yes the end result is going to be some movies making less, but with movies hitting week after week there will be plenty for everyone to go see.
idk about AMC. I think era is mostly full of itself on home theaters being better than the cinema -- yeah, if you spend a couple thousand dollars in time+money because you want to play videogames in 4K HDR with 5.1 surround, movies probably kick ass too. But nobody but us does that shit. People are going to go to the movies.
OTOH, the movie-going experience is pretty wack (think about how much better an empty theater usually is vs a packed house) and there are *lot* of things that could/should be done to improve it. Can AMC actually execute on those things?
OTOH, the movie-going experience is pretty wack (think about how much better an empty theater usually is vs a packed house) and there are *lot* of things that could/should be done to improve it. Can AMC actually execute on those things?
Can anyone recommend a good trading app for the UK?
I currently use Freetrade, but there has been some shenanigans with them lately, and they only allow you to sell at a certain amount per order. Tried Trading 212 too, but they chose to restrict stock like Robinhood, and have a number of other issues.
I currently use Freetrade, but there has been some shenanigans with them lately, and they only allow you to sell at a certain amount per order. Tried Trading 212 too, but they chose to restrict stock like Robinhood, and have a number of other issues.
I totally disagree. Like others have said, as soon as we're let out again and there's widespread vaccination there's going to be a boom in every activity outside the home. People are done with this bullshit. I think if anything we'll see an immediate boom from the end of summer/through winter and then the cinema will slowly die off over the next decade, as it was going to.
It'll be interesting to see which way it plays out. But either way I'm more interested in airlines and other travel companies for this kind of play.
Far more knowledge into what? Long term viability? Probably. However they have no clue where this current thing (meme stonks) will end up which is absolutely not based on long term growth or profits.
I mean, if you've been paying attention to the news, even with vaccination we are still years away from a 100% return to normal.
Source? Have not been following as closely but just saw yesterday some reddit posts of him holding his position and he showed a screenshot of his GME holdings.
If you follow his figures from the past few weeks, they are slowly shrinking. Slowly, very slowly.
Folks here are pointing it here, and everyone is okay with it because he deserves some profit.
Reddit - Dive into anything
www.reddit.com
He cashed out about 9 more million dollars yesterday. He had only pulled out about 4 over the span of January up until yesterday.
Look at the cash total.
I mean it makes sense. I'll be setting some sell limits myself for next week after we see what Monday looks like. Probably 3 to cover what I put in and then I'll hold my other 7 and watch what happens.
As soon as COVID is over we're going to see the lag effects of the recession that is taking root right now. Our economy is on life support right now, and while there will be a short-term pop in every industry due to people being in party mode, we're gonna be back in 2008-lite thereafter.
He has sold the call options he owned, but hasn't sold a single share of the stock. The call options have much higher bid/ask spreads and are much more reactive to volatility. It makes sense for him to sell these options when he thinks he is getting good value before volatility contracts before the expiration of the calls.
It's done. Even on the Oculus Quest 2, which is far from a mainstream device, watching a high bitrate movie in Skybox is amazing. It's like having an Imax theater in your house (especially awesome for 3D movies). You combine that with the social avatar aspects that the Bigscreen app is already doing, and you can be in a movie theater watching with your friends. It's a fantastic experience already.
And we're not even close to the final form in terms of comfort or screen quality. Apple is rumored to be releasing a VR device that's like 8k for the display. We're really quite close to a situation where virtual/augmented movie screens will exceed the actual theaters. The devices we'll have available in 5 years will be an absolutely amazing way to watch movies. And this ignores the business logistics. How many studios are going to spend like they once did when theaters are in such a diminished state and you can't recoup the box office numbers you once counted on. They're simply gonna greenlight what makes sense from a streaming POV.
in case of AMC maybe that's helpful for some of you
translated from german to english
translated from german to english
I bought my 17 share for 18usd will hold unless it reaches at least that, haha.
That's because real people out there don't have 65" OLED like Era users.
But on the other side, corona is probably going to last years
I still have 15 shares left! Fuck it, if it dips on Monday, I guess I'll buy the dip.
I heavily disagree. I think we'll see record levels of attendance throughout 2022. Look at what Demon Slayer did in Japan, although a different market and still during covid.
This. I think people will be going out in droves once the idea of actual herd immunity is reached or even getting close to. I think mask use will still be prevalent depending on where you are. One annoying thing: Scalpers are going to have a field day in 2021 - 2022.
Isn't monday a "market holiday" where the New York Stock Exchange/Nasdaq market is closed for the day?
edit.
Looks like it isn't. It's the 15th February.
Buying AMC now makes sense there will be surge after COVID especially if big movies are back.
Good morning! :DIsn't monday a "market holiday" where the New York Stock Exchange/Nasdaq market is closed for the day?
edit.
Looks like it isn't. It's the 15th February.
VR will be around long after the theaters are all dead. If you want to watch 3D movies, VR is already the superior experience.
This is all ignoring the much shorter term problem anyways: theaters only existed because of the blockbusters. And nothing new is getting budgeted that can't be justified from a streaming POV. This is why theaters are dead in the near term. Covid pull the final nail in their coffin.
I think people are off on this "surge" idea once COVID restriction are lifted- it's not going to be an immediate thing that happens all at once, on a particular day, across the world. Every country has different vaccine timelines, there will be different paces of mask and social distancing regulations being lifted at the local level, etc. It's going to be a slow, gradual return to normalcy so the businesses that benefit (theaters, restaurants, etc) are going to see the same slow staggered effect.
Morning 😉
Looks like AMC is the way to go right now (for monday). People are shilling for it everywhere. $GME is too expensive for some (~275€) so they buy AMC stock because it's cheaper.