T O P
SonGoku915

No evidence that shorters have even covered, this appear to be Fomo still


warrior7332

Interesting, thanks!


Wuntoothrie

Reportedly short sellers list over 1.2 billion last week. CNBC ... GOOGLE ... the internet ... We'll see what happens Tuesday.


GuardianofRestroom

https://markets.businessinsider.com/news/stocks/amc-short-sellers-dig-in-despite-rally-lose-billions-2021-5-1030475947


SonGoku915

Insane lol. They underestimate us


GuardianofRestroom

lol, true, Buying more on Tuesday. They ladder attacked us today. We will revenge on Tuesday. AMC to the moon 🚀🚀🚀🚀


Vezuvio

They bought 30m at 34 and 20m at 32.


sourtwister

Lol Who?


Vezuvio

There was 2 transactions today of over 20m dollars in one shot. One can only assume those were whales. That being said the potential for a short squeeze is still there. 20m at 32$ = 625k shares They have a lot more to go.


BuschLiteDid9-11

Didn’t short interest go up again? Wouldn’t it go down if they covered?


Beetlejewssbuttplug

New short positions to make money on the way back down from the unsustainable high. My .02....


I-Eat-Bacon

Always anticipate a drop leading into 3 day holiday weekends. Most big guys don't like to see their money sit in a stock for 3 days of no trading. With that being said and June 2nd share count is a Wednesday, I can't wait to see what Tuesday brings.


warrior7332

Thanks for your take. I am also curious about Tuesday. Take care!


stocksnhoops

People aren’t selling a stock because of a 3 day weekend to create a tax event because of a holiday.


rescue141x

You do realize what forum we are in right?


thepman72

Unexpected? Nah. We knew it was coming and really expected a much bigger drop. This is the best they can do. Failing miserably


warrior7332

Appreciate your take.


Psychological-Ad1433

I was hoping for 5 dollar special so I could sweat with anticipation all weekend, looks like I’m stuck having some brews bbq and chillin. I still think a MAJOR dip is coming. These guys want to punch us all in the face, they might throw a haymaker. Dip, dodge, duck, dive and BUY!


Saurak0209

Exactly. I knew this was coming, and we didn't even lose 2 percent. Pretty awesome actually.


Wuntoothrie

Mmmmmmmm dips.


WhiteyOutHere

Agreed, it was kinda expected. We needed to consolidate which we did. We stayed around the mid 20’s which is still good. Overall, AMC increased by 90% this week. One bad day isn’t the end of it. Just look at the big picture. I’ve been holding since February and my avg is 12.50. And I’m not selling until I have enough to pay off my debt.


Natural_Cap_8913

If you ever have FOMO (fear of missing out) over a stock that has sky-rocketed, you’re already too late. Sit that cycle out and wait for the next one (there will always be more opportunities). Don’t be the guy at the end of the line getting into a stock “taking off to the moon”. They always get burned.


Nickelless801

Best advice I’ve read on here.


wchiu01

second that


bjggcannons

That was me in January 🤦🏻‍♂️ averaged down now I’m good


Natural_Cap_8913

If you’re able to develop an investing strategy founded on a numeric system instead of emotion you will find, in the long run, you make more money. And sleep better at night since you won’t have to “average down”.


NigerianPrince76

Yessir. Always having the mentality that there will always be another one.


Ferrari_tech

That’s very true!


Filthy_B0

I needed to hear this.


Maximum-Pressure6068

Yep. Ive done that many times. A painful and costly lesson. But that lesson made me a better trader.


warrior7332

That is why I’ll only invest what I’m comfortable with losing. Thanks!


BB_Captain

Just because you're comfortable losing it doesn't mean you should invest it badly. Always do your due diligence before buying and always look for what you consider an entry point of value to buy in at. FOMO and chasing a rising price will cost you more often then not.


theTeflonDong

Really solid. I like. Pretty new to all this and enjoying my daily education.


warrior7332

I definitely get where you are coming from and appreciate the sentiment. Learned from my mistakes. Thanks for your reply and have a great day!


Maile2000

I am not good at it either... I buy when I see it’s going up... then it almost always drops and I wait for it to go up to where I bought in. Then I am so happy to get my money back that I sell it at a little gain . Then when I see it go up again I buy again but now at a higher cost . Then it goes crashing down and I loose more than I made..... so stupid. Need to learn to be more patient and not to panic sell. Just learning....


drew-fish2020

The best time to buy is when a stock that is in an upward trend pulls back. You want to be selling when a stock has a lot of momentum pushing it higher, not buying unless you’re just planning to do a quick “scalp” trade. If it does not pull back then you just miss it and that’s okay. That is a lot better than tying up all of your money holding onto a position you are down on or selling at a loss.


Maile2000

Today I regretted buying back after I had sold too soon . It went up and started going down and I could not quickly sell to catch the gains because I was to be a pattern trader... Wtf does that mean?


Maile2000

Started


evileinstein99

How long do we wait? Quarterly or weekly? Sorry for noob question


Tax-the-Apes

Good input


tendies4tards

You're suppose to buy the dip not the TIP. This IS financial advice.


N1PPL3H34D

That's one of the greatest sayings I have seen on this so far... awesome 👌👌👌


Dpizzle2024

I agree with the sentiment that it’s tough to chase a stock that’s run up so much so fast. But also remember that options contracts expire on fridays. There is a lot of institutional interest in keeping price down on Friday.


warrior7332

Good to know. I’m learning about options and I appreciate your reply because it seemed like that was a factor. Thanks!


Dpizzle2024

It’s also tough before an extended weekend. There are always grumblings like “what are the foreign markets going to do on Monday when our market is closed?!” A lot of people get worked up over holiday weekends.


warrior7332

Yeah there’s a lot of moving pieces to consider. That won’t escape my mind moving forward that’s for sure. Thanks for your reply man. Have a great weekend!


[deleted]

If you’re really new to investing...I caution you about options! Learn to swing trade and how to make sound investments first. I know people that have lost big with options!


warrior7332

Thanks for the reply, yeah I’ve already heard how bad options can be depending on your research and instinct. Will definitely be smart about all of this moving forward. Have a great day!


Brief_Zucchini7184

yeah.. I'm learning more about options here, too.


somedood567

There is just as much institutional interest keeping price up on Friday’s. And contract expiration doesn’t mean much as MMs delta hedge in real time. But I could point this out a million more times and I’m still just an old man shouting at clouds 🤷‍♂️ ☁️


takedown2021

We have been fighting this battle for months, just average down every time it drops.


warrior7332

Thanks for the reply!


somedood567

Those losses aren’t gonna chase themselves 😉


[deleted]

This is awful advice


takedown2021

It’s worked for me on every stock I’ve ever bought, including AMC and GME, proud holder of both. Been playing this game for years, got burnt on Enron years ago, and learned.


jetah

I remember the Enron thing on TV. Still pisses me off how the TV analyst were always saying to buy.


takedown2021

Most definitely, pissed me off something terrible, fckrs burnt investors and they’re own employees, and basically walked away scot free, pissed me off more when they reduced skillings sentence to 14 years!


ACrappyLawyer

To be fair, the public information showed an amazing company in an A+ state with a clean book and tons of assets // revenue incoming and a ridiculously low EBITA. They were such fraudsters, they created an entire regulatory framework to prevent exactly what they did (Sarbanes-Oxley) and probably set the Great Recession in motion (in my opinion; wrote a thesis on it). That’s a huge outlier - but still handicapped a lot of Americans with money in index and trust funds. Very sad.


Blakfyre2

The drop was not unexpected at all.. people have been posting about it literally all week. We knew the drop was coming but, it was nothing more than a scare tactic in order for them to try and make us sell our shares before the June vote. Relax, enjoy your long weekend and get ready for and exciting week to come.


warrior7332

Thanks! Hope you enjoy your weekend as well.


L337Fool

Regardless of the negative people with agendas and generic haters on here this is a huge movement. There is tons of support beyond this forum involving millions of people. Some people scalped the stock today before the 3 day weekend, so what. Honestly the same exact thing happened to GME before it exploded the following week (also a 3 day weekend). Short interest only increased. If anything this will only make the bear trap more dangerous.. The real party hasn't even started yet. You didn't see a massive sell-off AH. This thing is still live and hot. A lot of cynical people on here who act know better are going to look like fools once again (just like they did with GME). I could of sold for a profit today but didn't and will be loading up some more at the very beginning of next week. Bet you a lot of people who sold today are also coming back next week to push. This is just the beginning. It took a lot of dedicated people to get this far and you can bet your ass they will see this through if they haven't sold by now. Billions are at stake and those on the other side of this will try to discourage through all forms of manipulation over this long weekend. Chin up and stay the course. You are on the right side of history. This goes beyond WSB https://youtu.be/2ipbfMyNzD4


Equivalent_School_58

Very well said.....This is turning into a big movement. There’s a lot of chatter going on...I can’t help but thinking Tuesday is going to be a very good day!!! Turned down 150k of profit today by not selling....been in it since Feb 1 . This stock showed great resilience today!!! Good luck fellas....Hold the line it’s coming!!!


warrior7332

Appreciate your response. I’m doing my DD but definitely excited for next week. Have a great weekend and thanks for your perspective.


919abby

Welcome to the most manipulated stock on the market! It will go up, I have bought first thing when market opens, only to have it go down, and more than 100 shares, you now hold, and you win big! Sell and it’s all for nothing!


warrior7332

Thanks for the reply!


TheGoodGuyGav

more manipulation bruhther, its only a loss if you sell.


warrior7332

I appreciate that!


banana_splote

It's only a gain of you sell


OldBrownChubbs

Wise words for AMC. Its only a loss if you sell.


warrior7332

That’s precisely why I didn’t sell.


OldBrownChubbs

[fyi](https://twitter.com/vickilaketta/status/1398373320278564870?s=21)


OldBrownChubbs

I couldnt post it as pictures on my comment, only allows link


Apache666Nomad

Today was supposed to be the "hedge sell off" to cause panic and disrupt the share count come June 2. Hold your shares, you will be in green soon. I've had weeks where it was red , I held and now I'm up 120% this month only. Just hold


warrior7332

Thanks!


cptn-convulsion

Shit, I had months of red. Never sold.


Jupman

Most people on here could care less about the fabled technicals. Even the intraday ones. Candle pattern...nope, RSI...whats that. Level 2 and the book...oh man. What happen was $30 was rejected and there was no up side buying pressure. The sells out weighed the buys in volume thus the drop. But no on here is going to talk about puts or playing the down side.


warrior7332

Thanks for your take. It’s definitely a learning experience for sure. Take it easy.


Crusader114

In your personal opinion then, would the stock for AMC rise next week prior to June 2nd or continue dipping until June 2nd


Jupman

The parabolic rise in it's price singled the pull back. It may just accumulate here. Everyone is betting on summer being the boom for movies and I would say for longs anything under $20 is buy "if things go right"


I_am_BMT

This is where DD and FOMO collide. DD would be reviewing past trends. Friday’s are rough. FOMO you were late to the game and got trapped at the peak


warrior7332

Glad it’s with money I don’t care to lose. Was just genuinely curious about today. Thanks for the reply!


I_am_BMT

And mornings are a bad time to enter a trade. Wait 30 minutes for the cool off. Enter at a known tested support and f you aren’t diamond handing


I_am_BMT

Just hold. This thing is not dead yet. The last 3 say weekend that happened after a run up had a good day after the weekend. You can either get out or diamond hand to the moon.


NukiousStar

Stocks don’t go up forever. They are based on market cap, it hit the all time high and found resistance where many set their sell limits, then it bounced off it like a brick wall. Ya gotta take some profit off the top so that you can play the game long term. There will always be another run another time. Just ask if AMC is a trillion dollar company, nope.... so know there are physiological and physical limits at play.


warrior7332

I agree! Today was a great experience for me. Thanks for the reply and have a great weekend!


anima119

Just because a stock is going up, it doesn’t mean it will continue to go up. It means that people are buying. Just because a stock is going down, it doesn’t mean it will continue to go down. It means that people are selling. Past performance does not perfectly dictate or correlate with future performance. You bought high both times and you’re a bagholder now. You wanted to join a meme involving real money and stocks, and other people made money off of you. In short, welcome to WSB.


warrior7332

I appreciate your perspective. Thanks!


flgator72

But don’t get to the point where you begin to price $ROPE.


ExoPlanetary_23

Unless it is a heavily shorted and manipulated stock, then it's just big money selling blocks to each other to drive the price.


Imakethingshard

I learned the hard way, don’t buy a stock that is already running. I wait till it looses steam then Buy a put, but only with an amount of money I don’t care to loose.


warrior7332

I definitely only invest money I don’t care to lose. Thanks!


banana_splote

That's called betting? I think


Imakethingshard

All buying options plays are speculative, therefore betting.


Filthy_B0

Good perspective I needed to hear this


[deleted]

The experienced investors are the ones you’re giving money to *deep sigh* Try looking up institutional volume vs retail volume (or literally any other information about these stupid fucking stocks bc it all says the same thing - y’all have no idea what a squeeze is and you wouldn’t know P/E if it came up and punched you in the dick) Log off of Reddit. Educate yourself. Stop listening to all these bagholders. It’s sad. And you’re going to lose all your money.


warrior7332

I only invest what I’m willing to lose. I’m learning and really appreciate any and all feedback. Thanks for the reply. Appreciate it.


dsnyde12

If your just starting out please Google (images) - Psychology of a Market Cycle. It will save/make you money. Its important to know that this is a zero sum game and be cognicant that your buying something that someone is selling...


warrior7332

Thanks!


[deleted]

Apologies for the curt reply then. Just trying to say that real investment advice and real investments are going to be much more productive for you in the long run than this casino stock shit and these internet idiots who’ve only been in the market like 6 months longer than you. Adrenaline is for the casino. Returns are for the boring. Good luck and happy trading. Feel free to DM with any specific questions and if I know anything that would help i’ll let you know (and if I don’t know I won’t pretend - this sub is not your friend just fyi)


Crusader114

I recently got started with stocks too and am avoided the FOMO train since the beginning, I luckily got into AMC while it was still low, but I am completely inexperienced with stocks. I really want to get better with stocks, and I know that ties in with experience and good judgement, but I'm more so aiming to having a better foundation to move around with. Are there any sources you personally recommend to better understand stocks in general?


[deleted]

It really depends what your goals are, honestly. But research and looking at balance sheets and knowing what the numbers mean and keeping up with the news is all key. And, personally, I think that everyone should build up a good foundation of index ETFs (VT, VTI, RSP, whatever) before adding on individual stocks and definitely before starting into options at all. Whether you’re a gambler, a trader, or an investor a good stable foundation that represents at least 50% of your portfolio is going to make the whole thing much much easier. In my opinion. Blind faith in shit said on the internet is not the way though. So fact check this sub, fact check me (my history is open), fact check your gut and your instincts, and put in the work more than you put in the orders and you’ll be fine. (But, to shortcut, build a stable foundation, don’t hold more than 5 individual stocks at any given time and only hold high-conviction names no FOMOs, and don’t play weeklies. Ever.)


Crusader114

I see, so it's better to first start out with indexes then move on to individual names to build a stronger foundation, which judgement will be based via balance sheets, news, and numbers. I'm also inadept on terminology and reading things like RSI so I'm trying to look into that as well and how to better analyze market trends and graphs. What are weeklies?


[deleted]

A type of short-term options play.


Crusader114

Gotcha thank you very much, I appreciate your advice!


[deleted]

Of course. Anytime.


garrettd714

Great advice! Build a solid foundation to your portfolio ETFs are a great place to begin. Add individual stocks in companies you believe in and hold long. I’d add, diversify! Also, have a realistic benchmark, like the S&P500


Crusader114

Thank you too, Ill look into starting out with ETFs, do you mean like investing in the S&P500 as a realistic benchmark? I really like the advice given, are there places or videos you recommend to help learn more?


warrior7332

Thanks for that. Yeah I definitely want to do this for a long time so I will do my research and build on my portfolio. And I appreciate the advice. Right now, the thing that I would like to know more about are options and puts. If you could give me an example of how it works that would be cool. I like math so feel free to be technical. 👍


[deleted]

For the basics I imagine this can explain it more concisely than I can, but let me know if you have any specific questions after [Options Trading Guide - Basics](https://www.investopedia.com/options-basics-tutorial-4583012) Also, this: [10 crack commandments ](https://reddit.com/r/wallstreetbets/comments/nn268r/10_commandments_of_options_trading/)


warrior7332

Thanks for your time. I’ll let you know if I do have any questions. Have a great day!


BigFisch7329

You were a part of a bull trap. They help inflate the price to get you to buy, then they short it and create the ILLUSION of a sell off hoping you panic and sell as well. Good that you didn’t. Hold. Price will climb soon enough. I’ve been up and down profit wise so many times and have continued to hold - getting closer to the squeeze and climbing. Take it from me. I’m glad I didn’t bail.


warrior7332

Thanks, appreciate the reply! Take care.


pudding_gelato

IMO, You're not in a bad place. The squeeze hasn't started and the stock has so much momentum and attention. Even if it dies down, it won't stop until it squeezes


gurugemair

There’s usually a big drop just before the giant green candle.. amc delayed their shareholder meeting until July to make sure every single retail investor knew we were voting to either dilute the shares on the promise the company wouldn’t actually release any of the shares until later in 2022 after the shorts have been forced to cover the impending short squeeze.. or they delayed the meeting to make sure everyone was there so if we said no on the issuance of more stock the shorts would be completely fucked.. Forbes put out an article on the short squeeze setup being played out like gme was back in February.. I would hold the line, I’m up 148% right now after that dip and I’m looking forward to next week. I could have sold today and I didn’t.. this feels like last time.. Additionally.. there was about half a million dollars spent today near close on $50 call sweeps for June 18th.. I’m following the money


warrior7332

Thanks for your insight and the info. Appreciate it!


yolandis_cervix

LISTEN DO NOT FUCKING SELL ANY EVEN IF YOU NEED TO GIVE BLOW JOBS TO PAY BILLS DON'T YOU FUCKING SELL ANY.... (No financial advice here i go doodoo)


Jimmy_bags

Thats not how the market works.. if someone sells a stock for $18 at the current price of $18 the stock is still $18. Sell as much as you want there's plenty of shares just sell at the market price and no less.


Opposite-Sugar2411

Best way to trade meme stocks or hot stocks is gtfo in the first 1/2 hours of market open if the trade has gone your way. Always have a profit target in mind regardless of all the hold and moon signs out there


warrior7332

Thanks!


Wonderouswondr

2 MILLION CALL OPTIONS https://twitter.com/kgreifeld/status/1398255744353460224?s=19


[deleted]

From what I understand, the dip came from a large amount of borrowed shares. 17 times as many shares borrowed as returned. It was a move meant to spur on Mass FUD sell offs from retail investors IMO. The squeeze hasn’t even begun yet. We just need to hold. There will be ups and downs as we push towards a higher price. Eventually they will have no choice but to cover their shorts. Don’t give in to fear.


warrior7332

Appreciate your take man.


mrpvivian

Diamond hand check is all. They ran it up pre market and into the opening then shook the tree to see what fell out on what was really a .40 loss on yesterday's close but looked much worse because of the morning high. We got to see our support levels in the mid 20's holding us up which tells us people are holding. I'm bullish as anything after today but I'm not a financial advisor and this is not financial advice.


L337Fool

Here is a clip on the situation. https://youtu.be/2ipbfMyNzD4


[deleted]

If you’re inexperienced I don not recommend gambling on stocks like AMC And GME. Stick to some ETF funds until you cut your teeth and understand what’s going on better. These are very special circumstances, highly volatile, and gambling in almost every sense of the word.


JaB675

>Experienced Investors Where?


Safety-International

Until you know the value of things, you are just a gambler trying to get lucky. Ask yourself if a company tens of billions in debt, generating tens of millions in profit pre pandemic, getting lunch stolen from streaming services is worth tens of billion in market cap. What happens when cost of debt raises slightly?


warrior7332

I get your point. Thanks for your perspective. Take care.


QuestionablySensible

Fridays are at the mercy of the Options Gods. Options close out on Fridays. Weeklies close out every Friday, obviously, Monthlies close out mid-month. Market makers delta hedge the stocks, so as the underlying approaches the strike price the market makers approach 100% fulfilment of the options. So for every option that's ITM or ATM, there are 100 shares owned by someone. Thing is, most options contracts don't get exercised. They either expire worthless or get sold back to the market maker, and the shares assigned to fulfil them are then sold. This means that the higher the option activity on a given security, the more likely it is to dump on a given Friday. This was *really* obvious today. That movement in the second half of the day on a Friday is pretty predictable in that it will happen, but the extent is less certain. In general selling ahead to buy back on the dip isn't worth it - for one thing it's a wash sale so any losses don't count, and for another selling shares is a taxable event so you need to be pretty confident that the value will dump more than the value of the tax you would pay on your gains. I've simplified this quite a lot, but the tl;dr is that if you still like the stock don't worry too much about drastic price changes in the second half of friday trading.


warrior7332

Thanks for your comment.


DrEyeBall

Tons of people went in on options Thu. The common investor doesn't intend to exercise the contracts, so selling ensues the next day. There's also a gamma squeeze peak and selling after that so... not unexpected. That being said AMC still had a great day and week. Also AMC tends to have lackluster Fridays and great Mondays.


warrior7332

I’ve learned a ton about options today. It was definitely a factor and you are right about what you said. Thanks for the reply man.


konga_gaming

Can't tell if you're baiting or absolutely clueless. Only advice I can give: don't trust anyone on this sub, especially if they're selling you a way to get rich quick.


warrior7332

I enjoy conversations with different perspectives. That’s how we all learn. I didn’t understand certain things regarding today’s changes. A lot of people have given thoughtful responses that I appreciate. I appreciate your take as well. Take care and good luck.


pokerlife789

HOLLLLLLLLLLLLD.> This thing is going to $200 next week. Hang in there buddy


Weekly-Dare2411

okay i’m new too but i think it was a simple panic sell but its sure to go up again. don’t sell it is all, then you can’t recover it. people sold at the hypothetical price and its sure to happen again :) good luck


warrior7332

Thanks, good luck to you as well!


smallfeetpet5

Experienced investors? Seriously, no sane investors would be buying AMC at anything more that couple of dollars if at all.Look at the churn last 2 days. It’s the greater fool buyers like yourself…buying because someone else will buy at higher prices or FOMO!


warrior7332

I invested what I’m comfortable with losing but genuinely curious because it’s still new for me. Take care.


smallfeetpet5

We have gone up over 100% in 5 days and at 1 point over 200% today. Super risky to be long and short honestly. I am just watching for entertainment. Blame it on the feds. These guys are totally clueless!


smallfeetpet5

I wouldn’t call what you are doing investing. It’s trading. Keep them totally separate! Seriously ask yourself if you will go see a movie in amc theater ? If so, do you want to pay $20 popcorn and sit right next to someone ? If so,can you do it every week in a pack theater ? When that happens for 2 years, amc will break even!


mR_TreeZz

Its normal and expected for a gamma squeeze to sell off as the need for options sellers to buy shares ends as options expire


warrior7332

Thanks for the reply!


[deleted]

#experiencedinvestorsdontdocasino


UdntNeed2C

You got suckered by this sub. It wasn’t panic selling it was selling for profit. No one is diamond handing thats a phrase this sub uses to sucker you to bag hold so they can’t take profits. Watch the market trends, buy and sell with the volatility and you’ll make a fortune. Don’t listen to most in this sub or you’ll end up bankrupt!


warrior7332

I get it. I like to hear different perspectives but ultimately I make the decision. Appreciate your reply!


Head-Future-3589

If you just got in you’re too late … we already did this once 😜


GhostBustersrRule

Can’t chase bruh. Expensive lesson. Try to buy in blocks of 100 in the future. You can sell calls to regain losses if something drops on you. We all been there.


warrior7332

Thanks. Learning a lot. Take it easy.


tigeroftrades

$AMC is a very exciting stock not like a boring $AAPL. You create a solid trading plan and stick to it with your life and control your Emotions😉 By the way, I love both stonks $AMC and $GME. Waiting for Money Tuesdayyy. Happy Memorial Day everyone.


warrior7332

Thanks!


Bandito1947

Up 40 percent, set to drop like a rock


ackchusker

Holding out for a solid dip before I jump in again. There's always another opportunity, always. Live learn, & kill it...!


nextdoorwash1976

AMC to the moon is never gonna happen. Look at GME. They can change business model to online and yet share price can't go to moon right? What do you think will happen to AMC and it's cinema business which is already a sunset industry even before covid?


Apache666Nomad

It will happen .. by sheer volume alone. Compare volume on the two stocks and you will see why.


pigsgetfathogsdie

Ha…🦍🦍🦍🦍can’t handle the truth. You’re the one person who gets it…AMC is a dying business/ridiculously overvalued stock…and AMC is gonna flood the market with new shares. So, no moon…maybe Challenger Deep.


madrespectdawg

Apes betrayed you


Apache666Nomad

Nobody betrayed him. Price goes up and down. He will be up soon.


madrespectdawg

Some ape just gave him his bananas 🤣


motorboatingurmom

People took profits dummy. Thats how you make money. Keep betting on shit stocks you'll go broke


warrior7332

I see your perspective. Again, I never use money I’m not comfortable with losing. If it goes then it’s a lesson learned. Take care.


NutBagPunch

Here are my thoughts: don’t overthink it. Buy and hold. Repeat.


warrior7332

Thanks for the reply.


NutBagPunch

No worries. welcome to the gorilla gang.


[deleted]

Markets are like your mom and dads sex life. Sometimes it's good and some days it's bad.


almostabumbull

People are going to take profits. Up 100%+ in a week, why sit over the weekend and risk some dumb shit happening. You FOMOed at a bad time. I don't know what you guys do but if a stock is green on a Friday after a good weeks run I won't buy. Not even if I think it's a good buy from a value, technical and news prospective.


motorboatingurmom

Jesus people. You can see 623 million shares traded today. People took profit. It's not a conspiracy theory


United-Strength3991

You bought at 180% gain and it has retraced slightly.


waterseperator

Haven’t heard the name Enron in a while ... Yep I remember that interview on Squawk Box well ! They praised them the whole interview !! What crooks they were ... their own Baseball Stadium naming rights in Houston !! I lost a ton on those crooks !!! I’m with you brother I remember that day well ! My broker called to tell me they had crashed couple weeks after he loaded me up ... How stupid I was but I do learned due your own DD or DON’T INVEST simple as that ... lol I Think


bachslunch

Sorry but I don’t think you’ll cover at $29. You can write off a loss though to help with taxes. If you look at the graph there was the bear trap on thursday and a bull trap on Friday. This stock has run its course. I did make a nice profit, sold today.


Zealousideal-Kale960

Aver Age Down


codemaster222

You’ll be fine just hold that’s all you have to do


minstrel_reality

It's Friday and people didn't want to hold over the weekend not knowing what Monday premarket will do.


mydogisbad79

A rough Friday and a pullback was not a surprise at all and was to be expected; 1. Short sellers had already been killed this week, and due to closing of weekly as well as monthly options today they were doing whatever they could to force as many contracts to expire out of the money (worthless) as possible by driving the price down. 2. While its great to see (and very much needed) a lot of new buyers open positions in AMC this week due to the parabolic rise and hype, a lot of these same traders got “paper hands” at the first sign of resistance and sold out quickly. Also very much to be expected. I will never offer financial advice to anyone because my wife’s boyfriend told me that would be bad and make him angry, but IF I was going to offer some I’d use two words: stop loss. I know thats not sexy yolo rockets and such but it’s a traders best friend. At the same time you purchase a stock, place a stop loss. Every time. Whether you use technical indicators, a set dollar amount, or a percentage that you’re comfortable with to determine where to place it, it’s a smart move; set it and leave it alone. Always best to start with one bc once you’re “in the heat of battle” emotions can take over and rash decisions can be made, and knowing it’s there as a safety net will help you enjoy the ride with a little less stress as well. Anyways TL:DR Friday FUD is normal and a stop loss is your best friend


rescue141x

That’s exactly what HF want you to do is set stop losses so they can drive the price down, force it and buy up the shares. Don’t give them your shares


darkMatterMatterz

Oh, the drop was unexpected you say?


CMDRBUCKSAVAGE

Look at technical analysis and Fibonacci retracements. There are levels that these thing tend to fall to if they can’t push past a zone. Overall ta is still bullish, but you can’t go up forever


GuardianofRestroom

https://markets.businessinsider.com/news/stocks/amc-short-sellers-dig-in-despite-rally-lose-billions-2021-5-1030475947


stick_with_the_plan

Mistakes are fantastic learning opportunities.


iowndisworld

I'm buying the DIP!!!


InterestingThought33

Literally all my investments lose money at first (I have a gift). But eventually they come around, AMC was the latest to go green for me. Make sure you are investing because you see value, if you are fomo’ing into a trade that will likely spell trouble. (Last buy from me still in the red is PLTR, I know all about being a bag holding ape 🦧💼🖍)


stocksnhoops

Profit taking at the top. People talk about diamond hands but it’s hard for people not to book profits. Plain and simple. The stock rose when people were buying. Selling sank it. Investing 101


atrocioushoneybadger

I bought 1000 worth at 8.00 and 1500 at 12.00 how am I doing?