For sure, this isn’t for everyone. This hasn’t happened before though is all I will say. I know people hark back to silver shakeups in the past but they’re nothing alike. I’ve never advised anyone buy a single share but isn’t my statement the other day of selling some AMC for more GME just as damning?
With no skin in the game why would one feel the need to give an opinion either way? Not calling out you, or anyone in particular, but coming to a stock dedicated thread to advise it’s silly/you’re not joining in/etc. makes no sense to me. I’m not up in other stocks telling people I’m not joining in. I don’t get it then or now.
@NoBeef linked the issue. Basically there was a period of time where the boards were being bombarded with theories that people would lose out due to the 25k single transaction limit. There are reasons for the limit but a long story.
The point was you could literally sell enough to become a millionaire in batches in a couple mins so it just isn’t an issue. Then people said they may miss the peak but the same people would argue the opposite when you highlighted the peak may be too quick
All in all it was a highly charged topic that actually distracted from the real squeeze potential and obviously loyal FT members don’t like accusations thrown at FT when generally they are excellent as a company.
I know people who wouldn’t invest in VWRL and would rather have premium bonds or 0.10% on their savings account. Everyone has their own risk appetite.
My issue has all ways been around the wild speculation, it was fun in January but 6 months it’s wearing thin. There is always a “on XXXday the shorts have to cover because …” post. They get tiresome.
Everyone knows many of these HF’s are upto something. Example - Bill Ackman goes on CNBC talking in apocalyptic terms for it only to come out later he’d placed a $2bn bet against the market. Sometimes this is seen gamesmanship, all part of the game, and sometimes it fraud & illegal.
TBF a lot actually are part of the wider community which shows their interest is wider and they are involved in chats about shares they had or may buy again. I sold my AMC at huge profit but keep involved as I may dip my toe back in later. At the end of the day it only opinions and we all have them and the vary
The linked comment of mine above that @NoBeef posted was from a thread started by someone who has since been banned, multiple times if I remember correctly. It was more about keeping the forum tidy and after merging topics and their comments removed makes little sense.
I do sometimes think the wild speculation is undercover HFs trying to get people hyped up and then ultimately disappointed I know I better find my tin hat.
I don’t have any AMC, but the situation is unusual and interesting. That’s why I comment. I am sceptical that any huge short squeeze is going to happen. In fact I think it’s pretty much already happened, The HFs have had loads of time to unwind their positions and reduce the risk.
I also comment because I’m worried that new investors are getting sucked into what may well be more of a pump and dump than a short squeeze. I think it’s valid to post opposing views, and having no skin in the game is a valid position to take. I wouldn’t short it because it’s too volatile, and I wouldn’t buy it because I don’t believe it’s going to the moon.
I do have a fraction of a share in GME that I bought near the start of this. Think it’s in the red at the moment but it was only £50 worth so I’m not that bothered.
At least GME had over 100% short interest at one point, That has never been the case with AMC as far as I know
But my opinion is similar, I think the HFs have had plenty of time to reduce the risk of being caught out.
We disagree there, I think they’ve dug themselves a deeper hole. I’ve seen too much DD that points to this and none supporting the claims of cover, reported figures aside (140% reported back then, which is coincidentally the maximum allowed by US law/regs).
I follow many more stocks than I own, I do a lot on research on a LOT of companies, many I don’t plan to own at all but I think it is part of understanding people and hence, the markets. Plus, without any opposing views here, this would turn into wsb and we don’t want that.
EDIT: to add to that, I follow other dedicated stock threads but this is by far the most active and the one with the most comments that make me reply
