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Somebody gave me a $100 tip on cash app tonight, should I just dump it straight into AMC at market opening?
AMC or GME. Be prepared for wild swings. This week, Monday (tomorrow) may have a massive ramp up again, followed by probably heavy shorting / downward pressure the second half of the week. Then June 24th is another possible big ramp day again.
Somebody gave me a $100 tip on cash app tonight, should I just dump it straight into AMC at market opening?
AMC or GME. Be prepared for wild swings. This week, Monday (tomorrow) may have a massive ramp up again, followed by probably heavy shorting / downward pressure the second half of the week. Then June 24th is another possible big ramp day again.
What makes you confident about tomorrow and June 24th?
AMC or GME. Be prepared for wild swings. This week, Monday (tomorrow) may have a massive ramp up again, followed by probably heavy shorting / downward pressure the second half of the week. Then June 24th is another possible big ramp day again.
What makes you confident about tomorrow and June 24th?
Let me try, this will be a simplified but still be long.
So when the HFs naked short / short a stock, in this case AMC and GME, they have 2 days to actually deliver that share to whomever they sold it to (basically you gave them money, but they can wait 2 days to actually give it to the buyer). Now, If they fail to actually deliver the shares to the buyer within those 2 days, it produces a “Failure to Deliver” (FTD). This starts a clock where the HF still needs to produce (buy) this share and deliver it to the owner (This can stretch out 28 days or more) to satisfy the FTD.
When the FTD is created, it creates a liability for the HF, but the SEC doesn’t actually consider that FTD liability into the HFs Net Capital requirements initially, essentially giving them a grace period. This allows them to short stocks and significantly drive the price down, then delay actually buying the share, and thus driving the price back up. After T+ 7, 14, 21, 28 days from the original FTD creation, if the FTD hasn’t been satisfied (share bought and delivered), then the SEC bumps up how much the FTD counts against Net Capital at each interval, progressively increasing that total liability value on the HFs books. The longer they wait in each cycle to buy shares, the more expensive it gets because it decreases their Net Capital. Again if you can’t meet Net Capital requirements, you get margin called and liquidation happens.
What we are seeing is HFs timing their share purchases leading up to these SEC Net Capital requirement dates; and they are sliding earlier and earlier into this 7 day cycle, meaning they need those liabilities to be cheaper when counting towards their Net Capital. Plus we are seeing bigger jumps and floor setting with those price actions. Tuesday 6/15 is the next SEC bump so if they need to cover some they’ll most likely buy tomorrow. Then 6/24 is the next SEC bump so potentially another bump leading up to 6/24. (6/24 is also the Russell Index Reconstitution). If they survive June, then the cycle resets and we move through it again in July.
There’s a ton more aspects involved that make this even bigger than just GME and AMC. It included ETFs, the reverse report market, etc. basically all of the weird market anomalies that are creeping out into the news are related.
AMC or GME. Be prepared for wild swings. This week, Monday (tomorrow) may have a massive ramp up again, followed by probably heavy shorting / downward pressure the second half of the week. Then June 24th is another possible big ramp day again.
What makes you confident about tomorrow and June 24th?
Hopefully we have some upward action tomorrow. GME announced tonight they raised $1.1B in cash. AMC has held its 50 mark and is back pushing 60. GME has held $200 and looking to pop above $225.
GME and AMC. Crypto crashes = HF liquidity issues.
They both seem low and in a dip right now to the naked eye, but what evidence can you tell me that would suggest it’ll go back up as opposed to just declining indefinitely?
GME and AMC. Crypto crashes = HF liquidity issues.
help me out here. Travel, vacation hotels, concerts, and sporting events are all setting record numbers. Festival sales have been way better than pre-pandemic. Movie theaters have still been doing terrible. What’s the pitch for why movie theaters are still doing so horribly or is the AMC bet just a bet on teenagers following the meme
GME and AMC. Crypto crashes = HF liquidity issues.
help me out here. Travel, vacation hotels, concerts, and sporting events are all setting record numbers. Festival sales have been way better than pre-pandemic. Movie theaters have still been doing terrible. What’s the pitch for why movie theaters are still doing so horribly or is the AMC bet just a bet on teenagers following the meme
Honestly to me it seems these stocks performance is not even based in reality. They could all moon or crash and I wouldn’t be surprised. Props to zig tho for sticking to his guns and from the sound of it making money. I will be watching from my index fund lyfe
GME and AMC. Crypto crashes = HF liquidity issues.
help me out here. Travel, vacation hotels, concerts, and sporting events are all setting record numbers. Festival sales have been way better than pre-pandemic. Movie theaters have still been doing terrible. What’s the pitch for why movie theaters are still doing so horribly or is the AMC bet just a bet on teenagers following the meme
Thats an interesting take. Where are you getting that theaters are still performing horribly?
help me out here. Travel, vacation hotels, concerts, and sporting events are all setting record numbers. Festival sales have been way better than pre-pandemic. Movie theaters have still been doing terrible. What’s the pitch for why movie theaters are still doing so horribly or is the AMC bet just a bet on teenagers following the meme
Thats an interesting take. Where are you getting that theaters are still performing horribly?
I haven't seen the total gross from this weekend, but for the Fast 9 release week, the total US domestic gross for that weekend was $140,209,069. That same weekend in 2019 did $330,476,970. Not even 50% of 2019 revenue when all of the other leisure activities are killing right now, thats kind of my logic here.
Thats an interesting take. Where are you getting that theaters are still performing horribly?
I haven't seen the total gross from this weekend, but for the Fast 9 release week, the total US domestic gross for that weekend was $140,209,069. That same weekend in 2019 did $330,476,970. Not even 50% of 2019 revenue when all of the other leisure activities are killing right now, thats kind of my logic here.
And there were 2.5 times the number of movies in the theaters too.
And if you’ve read any of my other posts, you’d know weekly box office numbers don’t matter. Both GME and AMC are shorted to oblivion and when those short positions go bust, retail sets the share price.
On a macro level, virtually every economic indicator right now is screaming market crash. Everyone is over leveraged. Banks are about to implode. The daily Reverse Repo Market (RPP) is off the charts and setting records approaching 1 TRILLION each night. The regulatory agencies, SEC, DTC, OCC, FINRA, et al., have been furiously passing new rules and regulations since the January near meltdown, particularly around margin requirements, forced liquidations, etc.
And for all you crypto gang, GME is now building and expanding into the crypto / NFT space. The finance industry will eventually move to Blockchain, and when our current system implodes (see above), the companies that are prepared will reap the rewards.
And if you’ve read any of my other posts, you’d know weekly box office numbers don’t matter. Both GME and AMC are shorted to oblivion and when those short positions go bust, retail sets the share price.
On a macro level, virtually every economic indicator right now is screaming market crash. Everyone is over leveraged. Banks are about to implode. The daily Reverse Repo Market (RPP) is off the charts and setting records approaching 1 TRILLION each night. The regulatory agencies, SEC, DTC, OCC, FINRA, et al., have been furiously passing new rules and regulations since the January near meltdown, particularly around margin requirements, forced liquidations, etc.
And for all you crypto gang, GME is now building and expanding into the crypto / NFT space. The finance industry will eventually move to Blockchain, and when our current system implodes (see above), the companies that are prepared will reap the rewards.
So more importantly than buying a dip right now, are we about to finally be in the next Great Recession?
help me out here. Travel, vacation hotels, concerts, and sporting events are all setting record numbers. Festival sales have been way better than pre-pandemic. Movie theaters have still been doing terrible. What’s the pitch for why movie theaters are still doing so horribly or is the AMC bet just a bet on teenagers following the meme
Honestly to me it seems these stocks performance is not even based in reality. They could all moon or crash and I wouldn’t be surprised. Props to zig tho for sticking to his guns and from the sound of it making money. I will be watching from my index fund lyfe
go on wallstreetbets, superstonk, or amcstock.
it's a cult is what was it is. people have definitely cashed in, and I bet there's still some money left to be made, but they've been saying the same thing for 6 months and people still believe it's gonna blow up to stupid high share prices.
Quotes from the article: “The economy is slowing down faster than expected while inflation is heating up more than expected. That’s pretty close to the worst situation possible for the economy.”
AND
“It’s looking like something has to seriously break. Powell’s unenviable job is to decide which it is – bonds, stocks, the pace of the recovery?“
first time posting in this thread. I'm not sure what the rules are about posting positions, but I'm XX shares into GME and just looking for another place to get some sweet confirmation bias.
first time posting in this thread. I'm not sure what the rules are about posting positions, but I'm XX shares into GME and just looking for another place to get some sweet confirmation bias.
I’m not really the rule maker but I’d say inforoo is definitely a tighter-knit group where many people know each other in real life. If you are comfortable saying your positions, go for it. I think others have in the past.
I’ve got GME and AMC. I’ve been trimming / eliminating almost all of my other positions. I think I entered 2021 with 15 different long positions. I’m down to 7. I’m going to probably liquidate another position this week and I’ll be down to 6.
Why are we still fixating on meme stocks? There are so many better investment opportunities that aren't based on hype, nostalgia, and r/wallstreetbets' desire to "stick it to the man".
Why are we still fixating on meme stocks? There are so many better investment opportunities that aren't based on hype, nostalgia, and r/wallstreetbets' desire to "stick it to the man".
Name an investment that outperformed AMC for the first half of 2021…
Why are we still fixating on meme stocks? There are so many better investment opportunities that aren't based on hype, nostalgia, and r/wallstreetbets' desire to "stick it to the man".
Name an investment that outperformed AMC for the first half of 2021…
We are not in the first half of 2021, so your comment is irrelevant. Sure, AMC boomed in May... but it's halved in value in the last two months.
...sounds exhausting
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