That makes no sense. Buy stocks in uptrends for trades, don’t guess on a stock trending down for when it will reverse as that’s much more difficult to time. [Reply]
Originally Posted by mr. tegu:
Why are people so focused on amc?
It's a "get rich quick" play under the belief that eventually it will cause a short squeeze and go through the roof (though we've been waiting for that for like 6 months now).
Beyond that, some are just trying to make a little money on the volatility. It's basically cycled back and forth between ~$30 and ~$50 for months now, so if you figure that can continue, you can buy on the low end and sell on the high end. Of course, it's probably truly only worth about ~$2, so you run the risk of it crashing down to earth at some point. [Reply]
Originally Posted by DaFace:
It's a "get rich quick" play under the belief that eventually it will cause a short squeeze and go through the roof (though we've been waiting for that for like 6 months now).
Beyond that, some are just trying to make a little money on the volatility. It's basically cycled back and forth between ~$30 and ~$50 for months now, so if you figure that can continue, you can buy on the low end and sell on the high end. Of course, it's probably truly only worth about ~$2, so you run the risk of it crashing down to earth at some point.
I get the volatility aspect but there are plenty of big movers to consider that aren’t talked about as much. Seems like maybe it consists of people upset they missed the huge growth. [Reply]
That makes no sense. Buy stocks in uptrends for trades, don’t guess on a stock trending down for when it will reverse as that’s much more difficult to time.
It is very hard to guess when a stock is going to KEEP rising.
You buy it when it's going up it might get dumped shortly thereafter. Good way to become a goddamn bag holder.
I'd rather play it conservatively. I'll buy at 52-week or 6-month lows and bet on it going up in the short term. That has worked well for me. [Reply]
