Bought some AG during a dip this afternoon, average $21.61. Missed twenty cents cheaper by about one minute.
Watching a web cast live right now. He is mostly talking about AMC but not exclusively. He is a technical trader it seems. Showed the manipulation of the market via naked shorts on AMC during the last hour of trading today, real time. GME showed the exact same trend, like identical. As of the 29th there were 147 million shorted shares of AMC and those would have increased a ton today. So the shorts doubled down selling paper to each other. Eventually those shorts will come due and this thing is going to explode as long as people hold and don't give the shorts cheap shares to cover. Already a little bounce in after hours.
Re: Topic Split: Stock Market Watch
Posted: 01 Feb 2021 15:43
by paco
I'll have to take a look tomorrow, but I may have to toss a bit more into AMC. Originally bought at $9.10/share. But maybe I toss another another few bucks if it still around $13-14 tomorrow. What's the talk about where they hope this to spike?
I'll have to take a look tomorrow, but I may have to toss a bit more into AMC. Originally bought at $9.10/share. But maybe I toss another another few bucks if it still around $13-14 tomorrow. What's the talk about where they hope this to spike?
The guy in the video estimated $80 is realistically possible, and up to $109 when the squeeze happens based on the ratio of the first squeeze from $3 to $25 last week.
I'll have to take a look tomorrow, but I may have to toss a bit more into AMC. Originally bought at $9.10/share. But maybe I toss another another few bucks if it still around $13-14 tomorrow. What's the talk about where they hope this to spike?
I'll have to take a look tomorrow, but I may have to toss a bit more into AMC. Originally bought at $9.10/share. But maybe I toss another another few bucks if it still around $13-14 tomorrow. What's the talk about where they hope this to spike?
That'a boy!!!
paco with diamond $%@# hands!!!
Hell yes! Except the damn app won't let me deposit more. Hoping its just glitching and will try later.
I'll have to take a look tomorrow, but I may have to toss a bit more into AMC. Originally bought at $9.10/share. But maybe I toss another another few bucks if it still around $13-14 tomorrow. What's the talk about where they hope this to spike?
That'a boy!!!
paco with diamond $%@# hands!!!
Hell yes! Except the damn app won't let me deposit more. Hoping its just glitching and will try later.
Also to answer your original question. Not until the HF’s start actually filling their shorts (pun intended). But the interest on keeping them open gets more and more ridiculous on them the more they are out of the money. Every day the price remains at least level is a win as long as all the holders hodl, but once the price actually goes up, that’s when it can balloon as they race to fill their shorts against ever growing interest.
And the days to close is just kind of a ratio between the cost of closing vs the interest to keep open. If it’s like 0.6 like that lot today, just simply makes sense for them to fill their option rather than keeping it open.
So either a higher stock price or a higher interest rate will pressure them to start filling faster. So just holding the line even another day is really gunna be pressuring them on those days with like 2-4 days to close as those days drag on.
Re: Topic Split: Stock Market Watch
Posted: 02 Feb 2021 08:35
by paco
I'm not happy. I can't deposit any more money in my account and support hasn't gotten back to me yet. AMC dropping like a rock.
Re: Topic Split: Stock Market Watch
Posted: 02 Feb 2021 08:40
by APB
GameStop, too. The fix is in and the big boys are getting their “get out of jail free” card hand delivered.
Re: Topic Split: Stock Market Watch
Posted: 02 Feb 2021 09:48
by Pckfn23
I have never watched a stock tank in real time...
Since no one can buy, not surprising. Utter &%$@ really.
Since no one can buy, not surprising. Utter &%$@ really.
I'm pretty sure I can still buy on Public, but still waiting on help being able to deposit.
At some point they'll have to re-open and allow people to buy everywhere. If the movement stay strong and holds and continues to buy low, it should spike again. But I think a lot of people are getting scared. Some people seem to be having their positions auto-closed due to a lack of funds.
You are correct. Utter BS.
Re: Topic Split: Stock Market Watch
Posted: 02 Feb 2021 10:05
by BF004
Probably getting low enough now were some the HF's are going to try to get ahead of each other on closing some of their shorts finally.
AMC back up to almost $9. It's low was $6.12 less than an hour ago. And I am going to miss buying!
What are you using? Why isn't it letting you buy?
Public, it's a mobile only trading app (I think Pckfn mentioned it). Something is up with my account and it won't let me deposit more funds. I can't even view my banking info. It's not that they are stopping or not allowing it, just some glitch in my account or the app. I've reinstalled a few times, made sure everything is updated. Even tried it on a 2nd phone and it still won't work. Waiting for support to get back to me. So far they said it's usually a phone/app version issue. So typical support cop-out answer.
Re: Topic Split: Stock Market Watch
Posted: 02 Feb 2021 15:57
by paco
I see that butt-puppet Portnoy sold off his gme and amc for a 700k loss.
