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Stonk thread: we are so back! (4 Viewers)

Caveman33 said:
This changes everything! Fantastic update from the CEO of a 15 billion dollar company.
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If you rearrange the letters in “FART” you get “RATF” which could be an acronym for “Rocketships are Tzzctyll, friends!” Tzzctyll is a word from the Fringghffm language meaning “guaranteed,” a language spoken by the Torps in Cohen’s favorite series of adult fantasy fiction “The Splingworld Chronicles” which are only available to the elite class which is why you never heard of it. I saw a Youtube video about it and believed it immediately. So, Cohen is telling us we have guaranteed rockets incoming.

 
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Margin holding was loose this morning and AMC is looking like it will finish down.  The indicator was wrong yesterday, but AMC was only up .1%.  Today also broke the pattern of loose mon, wed, and fri while tight on tues, thurs.  So it's 7/8, I may use the indicator tomorrow morning to gamble on short/long Odte options.

 
I'm using Dodds as an indicator on stonks.  If he sells, then the music must have stopped.  Turn off the lights cause the party is over.

 
Margin holding was loose again so I expect AMC to go down.  If it rises to $58 in the 1st hour, maybe I'll get some puts at a strike of $52-$54.

 
Caveman33 said:
I'm using Dodds as an indicator on stonks.  If he sells, then the music must have stopped.  Turn off the lights cause the party is over.
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I am BUYING and Hodling. The close today and/or Monday's price action should be intense based on the crazy GME calls options action purchased today that expire at market close. Someone is forcing the hand of the short hedge funds here (on T+21 FTD day). GME gets added to the Russell 1000 after hours too. This is setting up as Kong vs Godzilla. Looking forward to the power hour.

I stand by my conviction that the price of GME is very wrong using on balance volume. So my decisions are easy here. I just keep buying the dips and only start selling when the price catches up to the on balance price ($350+).

 
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David Dodds said:
I am BUYING and Hodling. The close today and/or Monday's price action should be intense based on the crazy GME calls options action purchased today that expire at market close. Someone is forcing the hand of the short hedge funds here (on T+21 FTD day). GME gets added to the Russell 1000 after hours too. This is setting up as Kong vs Godzilla. Looking forward to the power hour.

I stand by my conviction that the price of GME is very wrong using on balance volume. So my decisions are easy here. I just keep buying the dips and only start selling when the price catches up to the on balance price ($350+).
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This was much needed. I follow R/SS but the goalposts keep shifting. I mean T+21 was supposed to be yesterday?  but Juneteenth possibly mesed it up.

I'm almost ready to eject since the vote didn't do jack ####.

 
Charlie Harper said:
This was much needed. I follow R/SS but the goalposts keep shifting. I mean T+21 was supposed to be yesterday?  but Juneteenth possibly mesed it up.

I'm almost ready to eject since the vote didn't do jack ####.
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I wonder if the majority feels the same way.

Seems there isn't much left to prop up AMC at these prices.

I did short a few shares ... So it'll likely rip to the moon after hours and after the weekend

 
JB Breakfast Club said:
Ape want stonk go up 
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Another round of crypto bleed off suggests this could get crazy next week. The SHFs can't win against the apes. They can continue to kick the can down the road, but they are boxed in. All the clearing house rules are in place. As these prices, apes keep buying (5 to 1 buy orders on Fidelity). The riches go to those who have patience. I used to obsess about the ticker. I now know the price is wrong (asymetrical value - way more likely to go up significantly than down significantly). OBV supports the theory that the price is wrong.

Just HODL and be Zen-like. The MOASS will come when it's ready. All great stories have a closing act. The apes are not going to blink. It costs them nothing to hold. The SHFs bleed out daily to hold. They will eventually get margin called.

Note: I only believe in GME. I think the other stonks are distractions to get retail off of an All-in GME structure. GME has the low float and was setup years in advance. It's been at stalemate for a while now. The shorts can not cover so they continue to dig an even bigger hole.

 
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Bossman said:
I wonder if the majority feels the same way.

Seems there isn't much left to prop up AMC at these prices.

I did short a few shares ... So it'll likely rip to the moon after hours and after the weekend
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How many?  I've been trying to short a measly 100 shares for 3 weeks and it keeps getting rejected.  :hot:

 
2Squirrels1Nut said:
How many?  I've been trying to short a measly 100 shares for 3 weeks and it keeps getting rejected.  :hot:
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Please don't.  I want to get out of my short position without taking a loss.  Yes, I want cake and I'm going to eat it, too.  If the short percentage goes up, the hodlers will get excited..

 
I think Bitcoin is reaching an inflection point at 30K. No idea if it will go up or down but I expect volatility over the next month.  How about RIOT options?

Jul23 $43 Calls for .90 and Jul23 $25 Puts for .85

 
Caveman33 said:
Please don't.  I want to get out of my short position without taking a loss.  Yes, I want cake and I'm going to eat it, too.  If the short percentage goes up, the hodlers will get excited..
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Maybe I've been smoking too much, but what if some evil hodlers started buying shares in one account and then shorting from another.  They would be creating a synthetic wash, aside from the 3% borrow interest, but it would raise the short percentage, essentially stomping on the hodlers nest.

 
David Dodds said:
Note: I only believe in GME. I think the other stonks are distractions to get retail off of an All-in GME structure. GME has the low float and was setup years in advance. It's been at stalemate for a while now. The shorts can not cover so they continue to dig an even bigger hole.
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I agree.  When all the meme stocks first started there were tons of bot accounts pushing other stocks & silver.  That was just to get the focus off GME imo.

I do however have AMC, but unloaded half in the 60's.  It's ran for now, but fomo has me still holding.  I also feel like this stock appeals to the general public that feels like they are doing their part to save movie theaters. 

 
David Dodds said:
Just HODL and be Zen-like. The MOASS will come when it's ready. All great stories have a closing act. The apes are not going to blink. It costs them nothing to hold. The SHFs bleed out daily to hold. They will eventually get margin called.

Note: I only believe in GME. I think the other stonks are distractions to get retail off of an All-in GME structure. GME has the low float and was setup years in advance. It's been at stalemate for a while now. The shorts can not cover so they continue to dig an even bigger hole.
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Issuing another 5M shares will kill the movement, in my opinion. Wasn't there something about adding 5M ATM each quarter in their annual meeting? I'd really like to see something happen before the next investor call since the last two have been catalysts for selling off. 

 
Lots of action on AMC today...out of money call seeing a lot of in flow. Giant green candle a few minutes now slowly ticking down. Big volatility day. 

 
JB Breakfast Club said:
Lots of action on AMC today...out of money call seeing a lot of in flow. Giant green candle a few minutes now slowly ticking down. Big volatility day. 
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Yep, and margin holding was tight this morning.  That indicator is now 9/10, with the only wrong day being basically flat.

I'm almost ready to close my short position with a loss.  The hodlers have sufficiently demonstrated their ability to hodl, which gives confidence to big money investors.  Other investors seeing the lack of MOASS are selling short, which could provoke a squeeze. 

 
Caveman33 said:
Yep, and margin holding was tight this morning.  That indicator is now 9/10, with the only wrong day being basically flat.

I'm almost ready to close my short position with a loss.  The hodlers have sufficiently demonstrated their ability to hodl, which gives confidence to big money investors.  Other investors seeing the lack of MOASS are selling short, which could provoke a squeeze. 
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It’ll probably take a couple more quarterly reports before the fundamentals come into play.

 
stbugs said:
It’ll probably take a couple more quarterly reports before the fundamentals come into play.
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Expectations are so low that anything can be spun positively.  If AMC hires a young chairman to post scat humor on Twitter, I'm toast.  Plus, AMC should be able to survive fine for a few years, maybe more, given their improved financial situation.  I believe the share price will fade somewhat in time, but we're dealing with hodlers here.

 
Caveman33 said:
Expectations are so low that anything can be spun positively.  If AMC hires a young chairman to post scat humor on Twitter, I'm toast.  Plus, AMC should be able to survive fine for a few years, maybe more, given their improved financial situation.  I believe the share price will fade somewhat in time, but we're dealing with hodlers here.
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Yeah, retail investors took it on the chin to give them money at way overpriced values. That said they took on a #### ton of debt though so while they staved off the near term issues they aren’t out of the woods.

Also, spin is 100% correct. All the numbers for F9 were reported as post-pandemic records. One article mentioned the $70M but then slid in way later that the total box office was only $100M so barely anyone at other movies. Global box office may never reach the old numbers. They can create more experiences like Hooter’s waitresses serving drinks at your recliner but they don’t have pricing flexibility. A family night at the movies is Disney+ for the year. 4 nights a year and it’s paid for every streaming service for the year. If they ratchet up prices the lose patrons.

Again, even if they survive, when fully opened numbers start coming in, the $30B market cap will be a problem.

 
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2Squirrels1Nut said:
How many?  I've been trying to short a measly 100 shares for 3 weeks and it keeps getting rejected.  :hot:
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I shorted 50 ... Would have been 100 but my funds are limited.

E-Trade.   I'm not sure why more people don't use E-Trade.

I also have a TDA, and Vanguard.

I find E-Trade the easiest to navigate, low fees and very little restrictions.

 
Blue Horseshoe likes nft.gamestop.com

Game over SHFs. You just don't know it yet.

All Your Base Are Belong To Us

Power to the People.

Happy Bastille Day

 
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Stonk Indicator shows AMC going down today.  Since the indicator has been alarmingly accurate over the last 2 weeks, I am going to try to trade according to it.  If my broker prevents me from shorting later, that would be an obstacle which I'll have to use options to work around.  (I also need to maintain some shares short, or I will lose access to the indicator).  

 
David Dodds said:
Blue Horseshoe likes nft.gamestop.com

Game over SHFs. You just don't know it yet.

All Your Base Are Belong To Us

Power to the People.

Happy Bastille Day
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I'd really appreciate something from GME about what they are going to do with some of their cash. The secrecy is costing the stock and causing fatigue with the apes. 

 
Bossman said:
I shorted 50 ... Would have been 100 but my funds are limited.

E-Trade.   I'm not sure why more people don't use E-Trade.

I also have a TDA, and Vanguard.

I find E-Trade the easiest to navigate, low fees and very little restrictions.
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I don't see that much upside to going short.  Even now that volume has declined from the highs of last month, the share price is still maintaining $50-60.  I don't think we are likely to see a hard crash to $30 or below.  Best case for us shorts is a slow bleed towards $30-$40, but there is always the risk of a spike to $100-$200.  And this stonk has entered crypto territory.  Aside from the actual company requiring more maintenance money than a worthless coin, we should be viewing trading in AMC as being more akin to crypto than fundamental stocks. 

 
Caveman33 said:
I don't see that much upside to going short.  Even now that volume has declined from the highs of last month, the share price is still maintaining $50-60.  I don't think we are likely to see a hard crash to $30 or below.  Best case for us shorts is a slow bleed towards $30-$40, but there is always the risk of a spike to $100-$200.  And this stonk has entered crypto territory.  Aside from the actual company requiring more maintenance money than a worthless coin, we should be viewing trading in AMC as being more akin to crypto than fundamental stocks. 
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No, not a hard crash ... more of a slow bleed.

After all the MOASS dates have come and gone, folks will slowly move on to greener pastures.

 
Is this where we put our /WSB YOLOs?

Purchased 10K in Puts against SEAS because of a thread there.

Yolo!

 
KGB said:
Is this where we put our /WSB YOLOs?

Purchased 10K in Puts against SEAS because of a thread there.

Yolo!
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I was trying to buy SEAS puts for a few months but the ask was always higher than the calculator said was fair.  Should be a reasonable short but it has heavy institutional ownership, not sure if that is better or worse than apes.

 
Caveman33 said:
Say it aint so.  I think I picked the absolute worst time to step off the AMC short.  
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I still have my 316 AMC. There seems to be way more interest in it, and I think a vote that denies additional dilution could be a catalyst. 

GME has been in a steady fall since their investor call, and the short interest has also been coming down. I don't see a catalyst for a squeeze - it's just trading itself down toward its post-squeeze price. 

 
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