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I read the article. I’m very happy for them. I wouldn’t hate waking up one day and having a new Governor.
Having said that, I effin’ HATE share buybacks. I’m probably in the minority on this one. I was wondering if anyone else hates buybacks also.
It’s lazy. You literally add no value to the company. You’re just goosing the price. That makes it more expensiver for us small retailers to add to our positions, since most shares are held by insiders and institutions.
They probably overpaid for their own shares.
Pay a fatter dividend and let the shareholders decide what they want to do. I’m guessing at least 75% would just add to their position (i.e. a DRIP), which would also goose the price. This way at least the shareholders get to choose.
It could take years, e.g. Tesla. Or it could take days. Supposedly, a shitadel insider said if AMC gets above $70 then there’s nothing shitadel or any of the hedgies can do to stop it.
Don’t know how high it can go, but pretty easily over $1,000. Price is irrelevant in a short squeeze.
This is a supply / demand issue. It’s that simple and literally nothing else. There is a certain level of demand, but there are almost no legally issued shares available. Every share you buy and hold makes it harder for them and more expensive for them to exit their positions. This is why you hold. It costs you nothing to hold, except for time.
The hedgies win when they successfully plant FUD into people, like they’ve done with you. Because you get impatient and distracted by other shiny things. My average cost is $15.80 and I have no plans to sell.
I’ve been trading options for years. It’s no big deal. It’s notable only because it happens only four times a year.
Hope nobody is buying OTM calls. You should know by now the hedgies are going to push down the price on Fridays.
A call locks in a buying price, a put locks in a selling price. That’s the bare bone basics.
Investopedia would probably be a good resource to learn. I know Reddit is a pejorative here, but there are some subs like r/options and r/thetagang that are decent places to learn.
My bad, I thought I was replying to the original poster. I have a smooth brain.
I'm with Schwab. They never halted buying. They've made AMC and GME non-marginable, but that's it.
It's not too late to get back into AMC. Don't delay!
Everyone will think you're a genius when AMC is at $1,500 per share and you got in at $60.
Also, don't use the same password as you do on other sites. I use a password generator.
I’m exercising 16 calls this weekend. Hopefully, AMC will be at or over $100. My original position is staying put. 😀
I ended the day up $63,700. 😀
This will pay off nicely for you!
I’ve been in GME since February, when I first heard about what was going on. Diamond hands all the way!
Thanks! Hope you’ve got a piece of this action. If not, it’s not too late but the door’s starting to close.
I’m a CPA, I can handle these faggots!
Thanks! Hope you all have a piece of this action!
I was never in this for the money. I wanted to punish the hedgies, even if it means I ride this bitch all the way to zero.
I lost my job in April 2009. Five weeks later my dad died. I spent my life savings trying to keep my head above water. The last 12 years have been a lost decade for me. I’ve slowly climbed back from entry level positions. I still make 50% less than I did in 2009. Those assholes got bailouts and bonuses and all I got was my limp dick.
I’m playing this game to the final whistle. 😀
I’m already a CPA. I can handle these fags. 😀
Thanks! I hadn’t planned on such a big position in AMC, it just sorta happened. It worked out today fo’ sho’
When I exercise 16 AMC calls this weekend I’ll be adding to GME.
What’s wrong with making money off Chy-nuh?
Welp, according the the Motley Fool it's all us retail fags getting our friends and families to buy in.
Came here to say the same thing.
Fuckin A skippy.
I'll have to liquidate maybe 400 shares or so or so to pay off the margin call, but overall I'll have tripled my holdings from this time last week.
Seems like I'm usually on the wrong end of these deals, so it sure does feel nice to come out on top this time.
Kitco. I don’t know what is the best, but it’s where I buy.
“Brand?” You don’t have any idea what you’re talking about, do you?