jonebone

No way, it's like $80 or so plus shipping each way to grade a CIB. It should only be used for special stuff at this point, grading an entire collection is too costly.

The only reason I don't think stocks are in a bubble is because we've printed the crap out of our dollar with all of this stimulus. The dollar is so weak now and likely to get weaker. You have to remember all of the macro economic stuff (and I'm not an expert all) before assessing if the market is overvalued. Best strategy is to always dollar cost average yourself over time if you have market uncertainty. Sure, if the market takes off you have to pay more to get in later, but if it tanks, you also didn't lose nearly as much as someone who got in early. That the best risk adverse approach.

We're getting towards real trouble here. Essentially if they recruit enough people to buy out of the money calls they can theoretically push a stock to infinity. The do loop occurs because the stock moves so fast that those out of the money calls become close to in the money, then the brokerages must buy the underlying stock in case people exercise those calls. And when the stock is heavily shorted, the shares don't exist. Not to mention people just hopping on the meme train trying to buy them anyway. Whatever happens here could have much bigger ripple effects across the entire market. RH shut down buying not necessarily to side with the hedge funds but just because they're trying to stop the entire system from falling. Problem will be even if they shut down GME the next meme stock could pop today and they can't just halt trading on everything. Either way, pucker those buttholes and keep witnessing history. Still hasn't come to a head.

And just a reminder, hindsight is always 20/20. Even if GME doubles or explodes today, there was so much uncertainty yesterday that you did well for your risk tolerance. No one can accurately predict this nutty market, it is all best guesses and either you're right or wrong.

It's like attending a football game. It's a much better experience gathering around the TV with your buddies and drinking beer, but stadiums still sell out and charge $10 a beer anyway. I do believe there will be a bit of a yo-yo effect with people wanting to get out more after COVID. AMC and the producers also are in cahoots and can work out licensing / distribution arrangements. The willingness for big investors to put up capital also shows they do not want the theaters to die, and frankly I don't think they will. Also, I can't remember if you have kids or not, but kids love the theater experience. I'm actually not a movie guy at all really, but even I am willing to commit some of my personal funds in the turnaround story. To each their own, but I don't see AMC as a death spiral.

Yeah I dunno, I liked AMC regardless of WSB at sub $5. I knew to liquidate those shares I bought yesterday but I may look for a re entry after some stabilization. I believe 100% returns in a day are off the table of course but I think it could still be a solid gainer depending on the entry point. Will watch and see.

Yup I figured AMC would pare back at some point. I think $7 is a pivotal support level there. I wouldn't want to catch the falling knife until it finds some support level, could even give up every single penny of the highs yesterday and pare back to $5.

Yeah good move. I'm holding over 1000 and only shedded 250 bought yesterday but still. It's quite remarkable that with all of these bad news moves by trading apps, big business, etc. that some of these stocks still keep running. The market will change and adapt from this new environment.

And that's why this market is so hard to read. The AMC head fake shook me out of the shares I bought yesterday but still long in the position with all the cheapies. I expect it to be choppy today but glad it didn't straight line down at open.

Yeah very well could. The news essentially shakes out everyone who bought in yesterday. People that were in before the hype jump can still remain long and ride it out. Will be interesting to see where it stabilizes but I do expect it to get nasty.

Yes GME and AMC are two separate stories. GME can still run even with pre market shedding. But AMC with share dilution, blocking of volume buys on RH and possibly even eliminating options, AMC is going to have a steep drop at open IMO. I got out of my shares I bought yesterday and expect it to go down to $12.50 at least or maybe even $10.

I'm out of the AMC shares I bought yesterday premarket, expecting some good dips. Don't mind holding the sub $5 shares but will be better buys than what was purchased yesterday.

No, party may be over on both AMC and GME. Here comes the lesson in market manipulation.

Yeah I think that is pretty significant news and a good move by the company. But adding 44M shares to something trading 1B a day isn't crash worthy. Does make me consider taking some profits though. I will say, that in this meme speculative environment, you have to be able to adapt and pivot very quickly. If not, you can get left holding the bag. You cannot marry any stock and you must be very swift. Edit: RH is also blocking purchasing of shares of AMC, GME and other various meme stocks. That going to thin out volume. If you're risking money that you think is significant you may want to take some out and monitor how things go today.

Ha, if I played it perfectly I'd be millionaire too. I played it good with my risk tolerence but was also negative 5 digits in the position at one point. Stuck to my guns and enjoyed a heck of a swing the other way but my aversion to risk bailed me out before it really started running. You hold a stock 2 years to get out at a profit when you could have held another couple weeks for really nutty money and hindsight is always 20 / 20 .

So dude on another forum who was diamond handing this just locked in $1M cash off GME and sold off 70%. He was in with $44k and said he was going all the way. It's coming to a head, be warned.

That sounds like the kind of guy that gets left holding the bag. People basically going all in with no other savings / assets are usually spreading themselves too thin. Everyone knows the end game on GME is that it will drop back to reality. With each passing day that becomes more and more likely.

Just remember a couple one liners about the stock market: Bears make money. Bulls make money. Pigs get slaughtered. And The market can remain irrational longer than you can remain solvent. If you're gambling with real significant money, you have to lock in at some point. If you're just winging it with fun money then let it ride however and just learn lessons along the way.

No no no. The GME party is almost over. Stocks also fall much faster than they rise. When that one pops, it's going to be quite an amazing sight from the sidelines. People will be trying to dump with no one buying and it will fall. Seems like the big short squeeze is leading up to the options that expire this Friday. If you're still in GME, you really want to think hard about calling it tomorrow at some point. Just my advice, coming from a guy who got rid of his last $8 shares around $38. So obviously I'm not the most qualified person to talk exit strategy, but there will absolutely be a LOT of people left holding the bag.

Well first thing this morning was CNBC articles stating that big shorts had covered their GME positions, likely fake news. They're trying everything that's for sure. They killed NA and here we are!

It's a "joke" in the sense of tripling overnight and how fast it has accelerated but there is an opportunity to book real money. But yes sure, no one playing today cares about 5 years from now, it's about today, tomorrow, next week. I do expect some type of new regulations or something eventually, but if there wasn't so much institutional manipulation and shorting then some stocks would never get as low as they were anyway. And just wait until the GME party is over and all of those people look for somewhere to go. Volume on some of these meme stocks are going to keep amplifying. Just fun to witness and be a part of at least.

Good to see you grace this thread. I remember my first losses trading stocks, ticker SOL back on NA and everyone had a good laugh at my expense. Learned a lot about being able to read a chart and it has taught me well. GME at $300, of course no one wants that long. AMC at $15-$20? Ehhh, you'd be surprised. There is a lot of meat left on the bone here. We either get some consolodation and channel for a few days or we jump again after hours and it repeats. I know you've been doing this a long time, but simpliest things on a stock are price and volume. Price isn't that nutty based on past data. And volume? Look at the volume! It's engulfing, bullish and gap up and the sellers can't even force it below the halfway point of the day. Party is just getting started.

All who? I was the only GME pumper in here, lol. Everyone else rained on the parade.

Personally I don't believe in the meme stocks like BB and EXPR, but I do believe in the "meme" stocks with a turnaround story I can get behind. One is a pure speculative play and one has some people that legitimately want to own and appreciate the intrinsic value. That is why I chose to play AMC and not the others personally.

Then you want a growth mutual fund. Many of those have FB, AMZN, GOOG, MFST, APPL, etc. That's the set it and forget it stable approach, though if the market corrects (crashes), obviously even the best stocks go down.