Originally Posted by Hammock Parties:
MTG should be commended.
You had to have brass balls to buy GME during the correction last week.
Stonks are for closers.
I've been in GME since the explosion in January, I FOMO'ed when it was falling and bought in way too high but then averaged down when it was in the 40's.
The key is knowing when to get out...that's an issue for me. I have a hard time finding the sell button. [Reply]
Originally Posted by neech:
I have some AMC and am up 20 percent so far.
Thanks MTG#10!
I got a guy at work into GME a couple weeks ago.
He bought in at 165, then the same day it plummeted down to the 90's. He held for a week or so stressed out because he was down, then as soon as it got back up to 165 a couple days ago despite my reassurance he sold to break even. I'm still giving him shit and sending him screenshots of the current price every few hours.
AMC earnings come out today. Don't really think it will cause much of a dip. Everyone knows they were closed and expect it to be negative anyway. The people holding AMC are in it for the squeeze but if it takes a good dip I'll grab a few more shares.
The issue right now is the APE gang has been instructed to set their sell limits at $500 or higher so the shares can't be borrowed to help force the squeeze. I'd feel better putting a trailing SL on now. [Reply]
If this market has taught us anything over the past year, it's that share prices don't behave rationally based on typical indicators like earnings. If you look back at 2020, there were bearish moves being made en masse on stocks that were sure to have shit earnings, and those people lost their asses.
AMC may dip slightly, but if it isn't significant, it's going to bounce and bounce hard. [Reply]
Originally Posted by Hog's Gone Fishin:
AMC earnings come out today. Don't really think it will cause much of a dip. Everyone knows they were closed and expect it to be negative anyway. The people holding AMC are in it for the squeeze but if it takes a good dip I'll grab a few more shares.
The issue right now is the APE gang has been instructed to set their sell limits at $500 or higher so the shares can't be borrowed to help force the squeeze. I'd feel better putting a trailing SL on now.
I use Fidelity, bastards dont let you set sell limits any higher than 50% over current price. But I also read that Fidelity doesn't loan out your shares like the scumbags at Robinhood.
Poor earnings should be factored in already, everyone knows they were still shut down the 4th quarter of last year. If that does cause a significant dip I'll grab some more too though. [Reply]
Originally Posted by MTG#10:
I use Fidelity, bastards dont let you set sell limits any higher than 50% over current price. But I also read that Fidelity doesn't loan out your shares like the scumbags at Robinhood.
Poor earnings should be factored in already, everyone knows they were still shut down the 4th quarter of last year. If that does cause a significant dip I'll grab some more too though.
I tried to set my sell limit at 1200 on etrade and they rejected. I reset at 500 this morning and it looks like it was accepted. [Reply]
Originally Posted by Hog's Gone Fishin:
I tried to set my sell limit at 1200 on etrade and they rejected. I reset at 500 this morning and it looks like it was accepted.
I'm far more conservative than some, I think. I've got a limit order in for 70% of my shares at $600. I would be more than happy with that profit. [Reply]
