I can understand people selling if they have a large investment but I thought most bought when the price was low so must still be in the money
For me at the moment it’s the long game, still up about 2k so it’s got to be worth hanging on to see if there is BIG money to be made.
That was a pretty cool ending to the day. I honestly thought it was game over for now and would stay in the low 40s. But I think contrary to GME, many people came to AMC in January because of GME, and placed a punt, buying a few shares. So for them (me included), there is no real loss if it goes south and I am not incentivized to sell. If I had a large holding like some of you here, I would have sold for peace of mind. But with only 48,8 stocks, I can hold them a bit longer.
I’m somewhat in agreement. GME has the advantage of having a lot less shares in the free float, AMC is so diluted it makes it so much more difficult for it to lift off I think.
I’ve sold about 40% of my AMC shares, hilariously, at the lowest price point this week, but ho hum. Anyway this has covered my initial investment and given me a nice profit in the bag, so I think unless we see more heavy downward swings I’ll hang on to the rest to see if there is anymore fuel in this rocket ship. I still have concerns about when to exit if it does rocket up again, I obviously missed the $70 price point last time, and now there is only 10% of the ff shorted (compared to 20% before), we’re a lot closer to them covering completely (I don’t buy the synthetic share theory). We shall see.