AMC Entertainment - AMC - Share Chat

True, I wonder how many people have been doing just that, nice spike last week and since then it’s making a steady regression so people are selling in case the price keeps tumbling?

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Ok. I not tried it but when gives warning does not say us only.

I was lucky to have bought in at around $18 so I am firmly in the green. Last week I sold half of my holding (24 out of 48) and used that to invest in something new. If it squeezes, I still will make some money, if not, no worries. I think if you feel you have a good return, you should sell.
Last year I bought into Naked Wines, made a good profit and sold but since then, the stock has risen even more. I can’t go back in time so it’s best to look forward and look at my current stocks and future buys.

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No football and no US stock market what a boring day!

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Tennis!

Does anyone know if Freetrade has share lending for AMC / GME?

I haven’t sold one share yet each to there own :+1::smile::gem:

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They said they don’t

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They’ve removed the creation of shares from the shareholder meeting vote. Most likely because they knew it wouldn’t pass.

https://www.sec.gov/Archives/edgar/data/0001411579/000110465921089168/tm2121467d3_defa14a.htm

This Day Pattern Trading does seem to be a concern for UK traders using Stake.

Or at least, I’ve definitely been warned by it that I’ve already done two days of day trading an not do it again that week in case the account gets locked. This only applies if your balance is less than $25000.

Somebody (forgot who) hypothesised that it’s because with Stake you hold your balance in USD and there’s a proxy account for you in the US and so it’s subject to the FINRA rules. This doesn’t apply to FT as your balance is in GBP and converted on demand.

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Not been a great past couple of weeks, guessing more people are selling to avoid loses.
May have to jump on the same bandwagon if nothing changes by the end of the week.

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Why is the end of the week important for you? Don’t forget we where between $8-$14 for like3-4 months before it shot up to $72. Now we’ve been consolidating around the $50 mark for a month. That shows an incredible amount of strength especially when it’s so heavily shorted/manipulating and battered in the media on a daily basis.

For me I would wait as long as needed for this to squeeze. IMO there’s far too much going in AMC favour. The 25mil dilution taken off the table today is yet another plus for us, it slaps the shorters and people playing PUTS even more. It’s given them one less ‘out’. It’s tightened the noose if you will….

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So much for moon landings I’m going to wait till back to $5

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Why is the end of the week so important……
As my comment said the past couple of weeks have not been great, (down $10), if the downward trend continues I’ll cash in to get my initial outlay back and let the rest play out.
All along this has been a night out at the casino for me, win or lose it’s just a gamble, was it ever going to the moon, hmm never had any belief in that otherwise I would have invested much more.
So now it’s time to maybe call it a night and cash in, again as I mentioned let’s see if there is any recovery in the next few days then I will decide.
Each to their own, hope you make some $$$$.

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Good for you

What will you do buy more shares ? Or sell ?
Personally if it goes down to $5 that will be about £3.00 GBP I will invest another £1000.00 I’m new to this but given what AMC have signed up for and buying of other cinema outlets also taking into account the potential end to COVID restrictions more and more people will be looking to take advantage of being once again able to live rather than being stuck in doors this in turn means higher revenue to this industry and if I’m not wrong a stronger share price. I won’t be selling any time soon what I already have even tho I could have made a tidy profit.

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I’ve noticed both amc and GME have taken dips today together like stocks normally, totally, do.

Buy, as long term, its people falling for hype on youtube and social media I feel sad for, I’m completely new and I knew share price was complete hype so unless you got in very early and got out at peak. Late comers at best probably made couple dollars if lucky or will be on wrong side. Down to 44 when I looked.

But I’m really a chicken feed investor playing on this.

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Bought some more today back in the $40’s
Haven’t sold any yet
Will hold these until the next squeeze :accordion:

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The next squeeze? When was the first one?

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