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I don't know about everyone and their grandma. Now people have to find places that will sell them. Robinhood is literally restricting to 1 AMC stock right now lol. I got 25 sitting. I wanted to put 2k into it though. Trying to figure out my fidelity account.
Yee I'm betting on AMC shooting up a bit and getting a nice return on that. Gonna get about 40 shares. I wonder how high it will go though.
I don't see GME going over 800.
I don't see GME going over 800.
The nice thing about AMC is that I feel like it's really not terribly off from where it should be after the good news it got this week from the madness. It's not comically overvalued and ready for a massive crash like GME. It feels like the absolute worst case scenario for AMC in the short run is $5 a share or so, but honestly I expect it to settle at $9-10 after the madness is over - and I expect it to gradually gain value back once vaccines are more widely distributed and an MCU film comes back to theaters. It just won't have that insane potential to achieve the ridiculous heights of GME, and GME is already at ridiculous heights compared to what the stock should be worth.
OP
OP
Sorry that I have somewhat abandoned this thread as the OP. Truthfully, the bigger this story got, the less interested I have become. I still think there is a lot of upside and that this play has only started. I guess it just doesn't feel as fun knowing that as much media attention as we're getting, there are people pushing false narratives about retail investors and all that.
God I hope so. I've got 1K in AMC at the moment, got in while it was below $13/share so it seems to be hovering right around that point at least.
Yeah, me too. I got 10 shares but I'm thinking about some more...
Seems to me BB and Nokia aren't going much of anywhere anytime soon.
Second reply here
Reddit - Dive into anything
www.reddit.com
I'm going to hold BB 'cause I think it has long term value. I got in at $18 for 100 shares.
Their new CEO has delivered in the past and has a huge bonus tied to maintaining the stock price at $19 for 10 days.
That's awesome. Not a lot to go on as far as how it actually works.. any restrictions, etc... will check my fidelity account and try to figure it out though. Opened it for trading a day or two ago and if they really aren't going to charge me a fee I'm definitely more motivated to try to transfer stuff over quicker. Assuming it doesn't block me from making trades this week.Second reply here
Reddit - Dive into anything
Yes, but if you sell anything before the funds settle (as in the transfer has completed), you'll get a "good faith" violation. A few of those and your account will be locked from trading for a long time. So buy as much as you want, but don't sell the stock until your transfer is completed.
I mean, if you can spare the money and buy on a dip I think it's relatively lower risk. You probably wouldn't have a hard time selling above $10 at some point in the future, so if you can buy in at ~$12 like we saw the past few days it should be pretty safe. You could lose money but likely not a total loss.
Yeah. That's what I'm thinking. If I lost it all, it wouldn't be the end of the world. It would just set me back a year or so for money that otherwise would've gone into savings anyway. No spouse. No kids. Yolo
Got out of GME, in on AMC for this week. Don't think we're going super high thanks to the RH bullshit. Hoping for a decent return.
In for long plays on NOK and BB. Not as confident in those.
In for long plays on NOK and BB. Not as confident in those.
I bought a lot of BB when it was up a few dollars since I plan to hold for 4-5 years, I actually found out about the "meme" stock stuff like 10 minutes after when I had some articles about it pushed to my phone. I lost a pretty good amount already so I'm just going to hang on and stay disciplined. I think they actually have potential, but it'll take time.
Stocks, Bonds, Crypto, & Options Investing App - Public.com
Invest in Stocks, Bonds, Treasuries, Crypto, Options, ETFs, alternative assets, and music royalties with AI-powered fundamental data and custom analysis.
public.com
Is Public any good? I don't think I have seen much buzz around the app, but it's apparently backed by Bill Gates.
Might as well lol this is probably a once in a lifetime phenomenon.
Honestly were at the point of "who the fuck knows". This entire situation is completely unprecedented. Hypothetically people being able to buy should help drive the price up, but that doesn't guarantee that nothing else will get in the way.
No one knows. Anyone who predicts is either making a completely blind uninformed call based on blind optimism or blind pessimism, making a vague guess based on a little knowledge, or making a less vague guess based on real knowledge. All are guesses.
My gut take (based on a little knowledge and study but not a lot) is that it could still be slow for a while, but it does seem like something *has* to happen that makes the price go up at *some* point. Just given the math. How much and when, I don't know.
If you have GME, keep your eyes open, and have a plan for if different situations happen. If you're serious about profits I'd encourage moderation and caution, if you're yoloing then see you at the moon!
more like trying to help billionaires that fancy themselves to be the superior race to the worker bees peasants. These fuck heads have forgotten why people see them as the 1% & it's up to the 99 to show them. And pushing down the lid is not gonna cut It this time, too many people have been burn by a lot of shit: lockdowns, no support from the gov, having to beg for scraps while fat cats continue to get rich! This shit has been building and this stock shit is the common person trying to release the pressure while saying fuck you to them. And now, these asshole want to stop them? Talk about throwing gas on a fire!Sorry if already posted but one of UK's largest trading platforms has stopped anyone buying GME but also AMC
GameStop and AMC: UK trading platform IG stops new trades
The move by one of the UK's biggest trading companies comes amid a price war between amateurs and pros.www.bbc.co.uk
Really is despicable how they're trying to help the hedge funds.
who knows, Gme could hit 500-700 or just drop like a rock on monday and the same can be said about these other stocks. The only thing we can do is guess on what might happen and take the risk.
Some more about RH's whole mess with money:
www.nytimes.com
Guess that justifies my paranoia about options. Not playing that stuff until I fully understand them. Related to RH again, from the above article:
The Silicon Valley Start-Up That Caused Wall Street Chaos (Published 2021)
Robinhood pitched itself to investors as the antithesis of Wall Street. It didn’t say that it also entirely relies on Wall Street. This past week, the two realities collided.
The bigger players should be fine, but if things get crazy enough technically any of them could put restrictions on again to cool things down until there's enough reserves.
Guess that justifies my paranoia about options. Not playing that stuff until I fully understand them. Related to RH again, from the above article:
Five figures is a wide span...but whatever it is, if it's not a huge deal I guess yolo. There's a chance of a reward (maybe even significant), and at the price it's at it seems like it could be relatively limited downside, particularly longer term. It's not crazy to think it could go up from the current level, as long as premarket on Monday isn't crazy and push it up like crazy.
That's my worry with AMC. Premarket drives it up and then it doesn't see much if a dip. At $10-15 it's not too bad, at $16-20 I don't know that I'd recommend it.
GME is just a complete wildcard right now. Probably still room for easy profit if you buy during a dip, but who knows where it will go to or how long any spike will last.
Yeah, but even then just saying like if you get in at $20 and drops to $10, you're not losing everything. Still a significant downside sure, but nothing like GME's current downside.
Oh yeah for sure. And I think even if AMC drops back to $10, if someone holds it it will likely go up a bit once things reopen. A GME crash would be like $300 to $20, lol. At this point I wouldn't really recommend anyone new jumps in on GME.
There's a good chunk of articles out there on why AMC won't work as is being hyped, so those pulling numbers out to suggest what they see prices reaching or settling at would be helping more if they provided the thought process to those figures.
Encouraging and stoking FOMO should at least be backed by some sort of analysis imo. Creating bag holders as fuel for your own rocket isn't really cool.
Encouraging and stoking FOMO should at least be backed by some sort of analysis imo. Creating bag holders as fuel for your own rocket isn't really cool.
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AMC was only $6 or so before the pandemic. There's been a lot of problems for a long time with them and the industry. Even saying it collapses to $10 is Summer 2019 levels.
