Originally Posted by Hog's Gone Fishin:
I moved my ZOM trailing stop yesterday from 5 to 10%. Mainly so it wouldn't take me out too quick so today it drops 10% and takes me out. This evening after I got home and noticed the Nasdaq has a flash sell I said **** it and sold EVERYTHING except AMC. About 40 stocks I dumped. Tesla included. I had about 40 total stonks I was trying to keep up with and I felt out of touch with too much of my portfolio.
Now I'll have a shit load of dry powder settled for Fridays witching day.
Originally Posted by Hammock Parties:
Reports coming in of AMC theaters being jam packed.
WE GON RIDE
I’ll see it to believe it.
MTG what are your reddit resources saying?
That website over there is a jumbled mess of confusion and with memes galore
I can only peruse it for a half hour or so before I get out of there. [Reply]
Originally Posted by neech:
I’ll see it to believe it.
MTG what are your reddit resources saying?
That website over there is a jumbled mess of confusion and with memes galore
I can only peruse it for a half hour or so before I get out of there.
Reddit is a big pain in the ass to read sometimes. Basically with AMC I think the big play here has to do with the new DTCC rule change that went into effect on March 5th. It implies that now clearing houses can demand payment on shares that were loaned out almost immediately. This new change takes place 10 business days after the 5th. So, that would be Friday, March 19th. What a lot of people are speculating is that HF's have been playing with fire and have failed to deliver on potentially millions of shares that they have been shorting. With the quadruple witching, and the new DTCC change that "could" take place this Friday, a LOT of people are speculating it could be the catalyst that kicks off a squeeze for AMC and also GME that could skyrocket. [Reply]
Originally Posted by neech:
I’ll see it to believe it.
MTG what are your reddit resources saying?
That website over there is a jumbled mess of confusion and with memes galore
I can only peruse it for a half hour or so before I get out of there.
Reddit isn't my only resource but they're just as bullish as ever. Today's dip didn't faze anyone. I don't like putting dates on anything stock related because nobody truly knows what's going to happen or when, but this Friday could be very interesting. [Reply]
