I was reading that they tried to get amc to close below 9. It closed at 13. It's 9.07 premarket now. If what people are sharing is true, yesterday was the highest priced shorts to cover. Now they are lower, under 6 so it should be good. I would think there will be people buying who swap over to other exchanges from robinhood. I'm staying optimistic.AMC crashed lol
I was reading that they tried to get amc to close below 9. It closed at 13. It's 9.07 premarket now. If what people are sharing is true, yesterday was the highest priced shorts to cover. Now they are lower, under 6 so it should be good. I would think there will be people buying who swap over to other exchanges from robinhood. I'm staying optimistic.
No. Lol. I don't really get it either. I'm sure someone will set us straight. Something like there are contracts that expire and they (hedge funders) want the stock price to be low so they can make money. If stock price is high, (hence the drive for tons of people to buy and hold one stock) they have to cover the price differential. These are shorts, so they lose money. These contracts are at different prices so the desired end of day price differs depending on what price they need. For all I know, I could have this all wrong.can you explain this is better terms? I kinda get it. But I don’t at the same time
No. Lol. I don't really get it either. I'm sure someone will set us straight. Something like there are contracts that expire and they (hedge funders) want the stock price to be low so they can make money. If stock price is high, (hence the drive for tons of people to buy and hold one stock) they have to cover the price differential. These are shorts, so they lose money. These contracts are at different prices so the desired end of day price differs depending on what price they need. For all I know, I could have this all wrong.
I know. People said if you are having second thoughts or doubts shut your phone off and stop looking. It's hard staying positive watching it drop.that’s how I know it..
But I’m like.. everybody keeps saying hold on this one, and Seeing optimism here is rough lol
Lol on $400. I think $4 is much more likely with AMCShould I put my sell order for my amc shares for like 400? People are saying to do this? I've also seen others say not to.
Stuff like this happens in the tail end of a bubble.
Yep. I sold all my "gambling" stocks Friday and yesterday, including AMC. Just have my mutual funds and the ton of LRCX I have for working there. Well, I also have a small position in RECAF that is up like 690% just for fun and a small amount of NOVA and ARRY because you just know the Biden green energy plan is forthcoming. I'm going to start converting the mutual funds to stable value funds next.