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Things are starting to get interesting.
The stock will be chugging along sideways and then shoot straight up or down. That can’t be a profitable way to trade for the big boys.
Their CEO, Aaron Andrews, seems to be on board with the whole to the moon movement and has been very public about rooting out large hedge short positions. There is supposedly a synthetic short count due on June 2nd which is going to reveal some light on how many shares are synthetic, which will expose the level of naked shorting that has been occurring.
The other big thing that has recently occurred is that the SEC ruled that dark pool trading can no longer occur. This took away a significant weapon that the HFs were using to ladder down the price AH which has held down the price the last couple of months. That's why we have seen a continuous climb in price the last 9 days now.
All of the evidence and data seem to suggest that there is going to be some level of squeeze that will occur in the near future. People are saying $100, 1k, 10k, 100k, etc. floor and DO NOT sell until it reaches those levels. Do I see that happening? Probably not....I think the HFs learned enough from Gamestop that it won't get that high AND I do not have enough trust in retail investors that they will all hold. Most people are probably going to sell and take profits when they start seeing 2,3,4 times return on their investment. It takes a huge amount of discipline not to sell when you start seeing those levels of profits in your account. But I do think we have a probable chance that their will be some big swings in price up to maybe $40/60/80 per share before it levels off and returns to a more normal $20-30 level.
In short, if you have some extra money lying around, I do think it's a smart investment. Plan on holding it and see where it goes. Maybe we will all get luckily and it squeezes to Moon levels, but even if it doesn't you can probably get 2x return within 6 to 12 months.
I have no idea what I’m doing. IF it gets to a point n time where I doubled my money. Would you suggest taking out my original investment and going the rest of the way on pure profit? Or is that a stupid way to try and make some fun money?
The swings are pretty stressful in the crypto world, is it the same in the stock market? Up/down like a roller coaster, you have to hold on tight for the ride! Really messes with your head sometimes LOL Of course I am only investing "fun money" I still have my whole stimulus check just sitting here, figured it wouldn't hurt to use a little of it on things like this.
If it does take off like GameStop then I think it will be really big gains and you probably won't want to sell.
With amc specifically. The hedges have shorted it so much and created millions of synthetic shares. In this case with amc. The numbers aren’t adding up. The retail investors own 80% of the stock. All you have to do is buy and hold it. The hedges are losing millions and millions and eventually they are going to be called for margins, or the synthetic shares will be shown and the stock will rocket up. It will happen, when(nobody knows). But when it does go, it will be big.
I use yahoo finance for research and Fidelity for a broker. My current method is to check the price once a day, when I remember.
Is there a better way?
mentioned more than x number of times in WSB subreddit.
But.... greed makes people and companies do dumb things. I hope y’all are right on this one. I may sit this one out.
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