DD goes out the window with meme stock
Well, this was actually kind of the point I was making, so I guess weāre in agreement.
I was pointing out that the term DD keeps getting thrown around in discussions about GME and AMC, and it always boils down to āsomeone on reddit said it was goodā. Itās not due diligence, itās gambling. It might well turn out to be a good gamble, but thatās got nothing to do with the business itself.
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For you AMC lovers out thereā¦
What exactly is your point? That people using other peopleās published DD are stupid? Or that is doesnāt constitute DD at all because itās not based solely on the businessā financials?
" The dictionary definition says that due diligence means āthe care that a reasonable person exercises to avoid harm to other persons or their property.ā In plain English, due diligence means doing your homework. Before putting your business funds to work on anything, you should make yourself an expert "
I could pull any amount of differing definitions for DD but suspect that this is not where your issue lies.
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You could argue that DD in the case of these meme stocks is assessing the real probability of an actual short squeeze happening. I think some people have put some real effort into trying to uncover the figures and work out the probabilities. However some of it is clutching at straws and trying to infer things from the figures that probably arenāt there. Most people are taking a blind punt.
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Wrong
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Iāve made my point twice, and kindly donāt make out that Iām trying to call anyone stupid. Iām not. I am, however, trying to encourage people to do their own research on what theyāre investing in rather than taking stuff from reddit as a sure-thing.
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Are you saying having something peer reviewed is not doing due diligence?
TBH the tone is a wee bit insulting. .
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Why are we still talking about what DD is and not about AMC 
Iām not in the habit of insinuating anything, I simply asked which it was because you hinted at both.
No worries.
$60, I like.
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I LIKE THIS STOCK!
LETāS GO AMC!!!
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To the moon?
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Who knows, but its $63 and climbing, thatās some nice gains right there.
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How diligent or due the information is isnāt really the main thing here, so long as the information is driving the price up at this speedā¦ As far as this monkey knows, anyway 
Sj
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$67 is where it failed last time (twice), that will be the next test.
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$64 
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Weāve only just turned the engine on 
haha
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Make sure there is alway a pound in the meter to keep it going
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Not really as this āDDā comment stemmed from you thinking not much āscienceā was being applied to AMCs future. Whether itās a meme stock or not you can use different DD/theorys/research to give a basic guidance to see itās trajectory. Like I said thereās a lot of smart people about 
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