AMC Entertainment - AMC - Share Chat

… trust me, bro.

You might need bigger rocket.

If it does ill offer a sincere apology

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Not sure about a rocket but I think a parachute is needed to slow the fall.

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Sold another 15 shares today, so I have 5 left. I really would like it to go to the moon but that rocket seems to have passed. On the other hand, I invested in HElium One so I might still go up :grinning_face_with_smiling_eyes:

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Has it? When did shorts get covered?

Come on, for weeks if not months, I’ve heard every day a variation of the same story: next week, there is a deadline and shorts have to cover and then it will lift off. After a while, that story gets tedious. So I am moving on. If I miss out, my bad. If it goes to the moon, I still have 5 stocks and I will happily live with the £5000 to go on a nice holiday. And others with more patience get their Lamborghini, I don’t mind.

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There’s a picture that describes this phenomenon (admittedly created regarding GME but I feel it’s still relevant)

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I mean GME did run from nothing up to $400+ so technically you just proved that picture isn’t wrong lol. You’ll always get people wanting dates/catalysts but for everyone of them there is also someone simply just buying and holding.

When you know the numbers/facts there’s not much else to do but wait. :man_shrugging:t3: Might be soon and it might not but many have the fortitude that it will that’s all that matters.

I’m confused why you’ve shared this and more confused at why you think it’s right? GME went from pretty much $0 to $400 and it still sitting at around $200.

I was trying to figure out a way to articulate the nonsense about the dates shorts need to cover and how it always moves, but that picture does it just perfectly :joy:

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Yes but like amc artificially not because any good results on the company. Like amc people who got in early can afford to ride it. But now its $189 with a sell rating on one app.

Let’s see when the magical shorts run expire, what happens.

This graphic doesn’t include “persuade all the newly recruited apes to each start a new thread asking about voting rights or per-trade limits”.

It’s been so much more peaceful on the forums since the price dropped below $50 and a lot of them lost interest. :rofl:

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Maybe it’s because for bloody ages all we heard was that “FT was robbing us” when the, 100%, 25k will be broken" and everyone would lose out to those thieves at Freetrades HQ :+1: Every few hours at one point a new account would pop up with copy paste point then disappear to emphasise it. You literally had loads complaining it would take a min or 2 to cash out and become a millionaire :joy: :+1:

There are many APEs who are realistic and good luck to them, as the fundamentals I get, but there are a very vocal crowd who talk BS and now claim that $400 proves the point when for ages the point was that it would be the base of the mountain before the rocket launch.

The peaks have made people BIG money and brilliant but that is not what people were saying was the lift off point so they encouraged many to buy in late and those will lose out potentially.

@Cameron graph shows exactly the point of what is happening and the whole 25k issue going quiet kinda proves the point. :+1:

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This image references a subreddit that didn’t exist until after $400, it describes the behaviour after that.

The point of the picture is that after the pump in both cases there has been endless new topics about why that wasn’t the top and the real peak is just around the corner based on this week’s new conspiracy theory.

Every cycle includes a fresh round of misconceptions around a subject in finance and often a bunch of complaints to brokers (order limits, share lending, voting rights).

Anyway my point was not the price is going down (clearly if enough people are willing to buy and hold it can go much higher, although long term it will head back to its intrinsic value) rather that these arbitrary dates are mostly meaningless.

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Fortitude = blind hope presumably?

In the same way that GME went from nothing to USD 400, AMC has gone from $2-3 to $60+ and has subsequently dropped back to 40s.

BTW thanks for the patronising nonsense about GME/AMC being too much for people to understand etc.

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This ie what Cameron said (and what Gary and others have said). If you got in early then you’ve had the potential to make a lot of money but that inevitably means that anyone getting in late is going to be holding a lot of bags.

At some point the price will revert to the norm (that was what happened with VW).

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I mean if I have blind hope then you equally have blind scepticism right? The only difference is I actually provide some proof or facts (which you choose to ignore) rather than just saying na it won’t happen then throwing thoughts out there without any real basis :man_shrugging:t3:

I’ll happily listen to anyone and if they can prove it wouldn’t/wont happen then yeah I’d sell and leave, I don’t want to just throw money away I’m not insane haha :joy: But it’s been 6 months now and we’ve only gotten stronger over time so why would I leave now? Might surprise you but I’m a realist at heart…mind blowning I know :exploding_head: it’s just I’ve put a lot of time into this looking for good and bad information along the way that’s why I’m so pro amc because nothing has been big enough to deter me.

Price going down doesn’t mean much when you know why it’s happening, I’d do the exact same if I was an over leveraged HF. I’m expecting it to drop a lot more before we pop if I’m honest and if it does then I’ll buy even more.

End of the day it’s a play just like anything else and it’s very strong atm. That’s it :man_shrugging:t3:

Edit: I wasn’t being patronising at all as some don’t know what has happened over 6 months with the 2 stocks or why we are here. To outsiders it’ll look bad obviously. To people who really know then it’s a great play

Exactly. As it’s becoming more mainstream, even people ‘in the know’ know what’s going down. The price will drop further, I have no doubt, and then I’m expecting a bounce. There is no dates. The fact is, short positions need to be covered - 90m of them plus millions of potential synthetic shares. It’s just a waiting game now.

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I don’t think the scepticism is blind, a lot of us have seen hype before, and seen how people who get in too late end up getting rinsed.

I think a bit of scepticism is healthy

I’m not saying it’s guaranteed nothing more will happen, but in my opinion the short squeeze has already been and gone, short interest is like 15% now. I know a lot of you believe that’s a fake figure but I’ve yet to be convinced

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Oof FinTwit are (understandably) not happy about this

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