jonebone

Sure no prob, I bought another 125 shares around $16. Basically doing some dollar cost averaging here. I don't know exactly how this thing is going so I never want to go "all-in" at any price. If I get buying opportunities I'll keep adding but if the train has left the station then I at least keep riding.

I wish I could but Fidelity doesn't seem to be showing me that. System is lagged or overwhelmed. Shows the value of my shares but the options haven't updated. Edit: It show is showing up as +$2k profit on the $600 investment when the share price was $15.

Here's the analogy. Mario is $10, and typical volume is 100 sales a day. Then let's say volume comes in swarms and there are 10,000 people who want it. Mario feels like it should be $10 but due to the volume is is now $100 over night. Pick the prices you want but that is the analogy here. The volume coming into AMC, coupled with legitimate news of the capital injection and this is a much better play that a typical pump.

Nope. Read and react. The volume coming in tells me the run is just getting started. Typically after a gap up to this extent you get a pullback sometime after open as people freak out that it isn't real. I may target a reentry there. You may even have a few days of settling (see GME around $40) before a move one way or another. Which is why those March 19 calls were good. Either way the volume is going to send it swinging huge one way or the other and sub $10 just will never happen again, practically speaking. Not talking the "forever" horizon but obviously I'm just playing this one on the volume and likely will be no more than a couple weeks.

I have no idea. I'm going to read the chart and watch what it tells me as it develops. It has nothing to do with how high it "should run" (see GME), it has to do with how many people pile in and how the tug of war battle looks. It also will likely be strongly connected with GME. If GME is tapering off (whenever that happens), people will pile into next best thing and it's AMC.

I'm trying to learn from being out way too early on GME. I'm not selling anything yet, and in fact, looking to buy more. GME run is going to end sooner than later and money will go play elsewhere. AMC volume is already exceeding number of shares available with signifciant short float. Plus, I actually like the company news fundamental (enough injection to stave off bankruptcy), as opposed to something like BB or BBBY that got pushed. Think this one has some real legs...

GME above $300 and AMC over $11 in premarket, crazy. A legit poster that I've known for a decade on Honda-Tech got into GME with a $44k position about 2 3 weeks ago after reading into WSB and seeing me talk about it there. He's been holding diamond hands the whole time and account went over $1M today. Completely wild...

Not sure of the breakeven specifics but yes I bought the right to own 300 shares at a cost of $5 each for $600. The way options win is by a big move though. That's why the decay is so real. You could buy the Friday option for a stock on Monday and be right about the move (thinking it will go up), but it it moves too slow or doesn't move until the next week. Then you lost. Giving yourself more time preserves the intrinsic value of the option much longer. And I'm playing in a taxable account. My 401k and Roth are just various mutual funds.

Specifcally was 3 call contracts at a $5 OTM March 19 Strike. I think it was about $600 including the options fees when I bought them as the stock was at $4.80. I'm obviously a novice here but from reading through other stock threads I'm in elsewhere, you typically like to look 40+ days out so the decay value doesn't eat up your returns. I have no idea what they'll be worth tomorrow but they should be significantly in the money with a ton of time left so I imagine it will be a good percentage return on those.

And arch, if you were curious about the AMC pick it was as simple as the stock being near rock bottom on bankruptcy risk. They raised $900M to take that off the table, and there was a ton of short interest there too. Once you got that gap up and the down volume couldn't win, you knew there was a much higher chance of running to $7 than falling to $4. Now panic buying will come there.

Edit: Oh shit, AMC is well above $8 now I see. Well yeah, there was no resistance to $7 so that one is going to run. Yikes. Hopefully I can learn from GME and BB and not sell this one too early.

Interesting. I went in about 5k on AMC and bought my first ever call options on it too. I like playing stable companies that have technical power on the charts and that's why I played it. I have GME profits in the account and have to play something. I dont put a lot of faith into after hours numbers as they are traded so sparsely. But yes if AMC holds $5 its a wide open easy run to $7 just from reading the chart. My PZZA pick 2 weeks ago also worked out. In at 85 and now 102, 120 was my target there.

Can you explain this Gamma squeeze in layman's terms? I get that this thing is accelerating still (unbelievably) but can't find decent reading to summarize it all briefly.

Been talked about in the stock thread here: Massive short squeeze and speculation.

Here's your "infinity squeeze" on Volk in 2008. Hard to say when the party is over here, but when it is, you'll know.

Eh, can't look at hindsight because that is an emotionally charged discussion. You have to leave emotions out of it. I knew bankruptcy risk was 0 in near term and once I was about 5 figures into a position I told myself I wasn't buying anymore. It has nothing to do with not believing in the company around $3, it was just I had reached as much as I was willing to risk on the stock. I have no regrets about any of the decisions. In terms of the next play... really love the setup on AMC. Almost the same exact story as GME in terms of chart. Double bottomed and finally breaking out on news of securing debt to stave off bankruptcy risk. Look at what GME and BlackBerry (BB) have done lately, all of that is setting up on AMC too. My strategy is to only play companies I'm comfortable holding though (don't believe in BB) and AMC is one I'd believe in.

Yes, I explained above. The volume and squeezing is absolutely insane and volume is still picking up each trading day. It still could run quite aways. Doubling every day (or losing 50%) is possible until the volume thins out.

Gamestop over $100 in premarket. Thinking about playing it today if I get an entry around Friday's prices. Just be in and out. Long term this thing has to correct but near term the price action on Friday tells me there are way too many shorts out there and stock still has to go up. Basically, everyone and their mother hated this stock and thought it was going bankrupt (read some comments in this thread even). So vast majority were short. I'd say from the $3 to $10 range most of the casual shorts probably got out. Yet big money shorts started piling in as this stock reaches new highs. You see comments in this thread "When do we short?", and that's why you don't. It's created this do loop of people who thought the stock was way overvalued at $30, $40, $50, etc. and want to play the short side. Well the answer it is overvalued but there are so many short positions that vastly outnumber the shares being traded. So it's going to keep running until the volume starts to finally taper off. You'll even get that mentality today. "Price is $100? It's a no brainer to short!" Sure, until it's $150 tomorrow. Volume is way too high now that there will be absolutely monstrous swing trades to be made if you play it right.

How picky on condition? I may have a couple of those leftover as CIB when I upgraded to sealed.

Went above $70 now, another +60% in a day. Absurd.

You don't. The saying is "the stock market can remain irrational longer than you can remain solvent."

I exited the last of my Gamestop shares around $40 last week but my god it keeps running. Over $50 now, quite an absurd turnaround.

I think of it like the inside bag. Do you keep the inner baggies for you games? I sure do but what purpose do they serve really? Protect the cart from dust if anything sneaks in an already closed box? Cello is same way for me. It does protect but if you're in an acrylic case then that doesn't matter. The cello and the original baggie came from factory and you may as well leave it there. If your remove one then I can't see how you'd justify the other.

If it makes you feel any better, the black box market kinda lulled and went stagnate around 2017 or 2018. Then Wata was on the scene with lots of hype by early 2019 and prices have been higher than ever...

This, 100%.