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  • Daily discussion AMC 03 June

     Curunir updated 1 year, 3 months ago 5 Members · 15 Posts
    AMC
  • Curunir

    Member
    June 3, 2021 at 9:26 am

    Yesterday blew us all away.

    Post-Market and Pre-Market saw this get back up to OVER $77 before the morning efforts pushed it back to $52. We are entering the day at just under $60.

    (for newer people, don’t panic about the ups and downs post and pre…volume is really low and it doesn’t take as much to look like a major market swing)

    Stay frosty folks

  • Curunir

    Member
    June 3, 2021 at 9:28 am

    I’m feeling pretty twitchy today for some reason…

  • CrayonMuncher

    Member
    June 3, 2021 at 9:54 am

    I love the smell of discounts in the morning. About to put another $500 in once this halt turns off.

    • Curunir

      Member
      June 3, 2021 at 10:42 am

      Nice timing

  • FayeLikesThisStock

    Member
    June 3, 2021 at 9:57 am

    Hoping those 2 red halts back to back was from hedgies gearing up to cover. 🤞🏻🤞🏻

    • Curunir

      Member
      June 3, 2021 at 10:45 am

      When they’re covering it will be going up. But maybe they were trying to create a sell off to bring the price down knowing they’re going to have to start buying soon. Also they don’t like ending Friday’s on high note due to options. I thought it was only the trigger-date Fridays that mattered but at the end of every week they try to push down.

  • Curunir

    Member
    June 3, 2021 at 10:41 am

    So AMC is on the SSR list as of an hour or so ago. As I understand that means rest of today and all of tomorrow they can only short if we’re trending up. So this will make it harder for them to short the rest of this week.

    As for the dip, I wish this happened tomorrow morning instead. I only had a little available fun money to throw it in vs tomorrow with more flexibility post-pay. Oh well.

    Down $59k on the day so far.

    🙃

    • CrayonMuncher

      Member
      June 3, 2021 at 11:28 am

      Yep, we’re on the SSR for sure. I missed the buying opportunity right after the halt and thought I missed the low of the day, but guess what hedgies….. I bought at $38.00!!! 😆

      Thank you for such a tasty discount!!!

  • grant-austin

    Member
    June 3, 2021 at 12:10 pm

    What is the SSR list?

    BTW, l am down $77,000 today in AMC and still no shit in my pants.

    Just saw we are trending up again, hold and buy a little while it is cheap. Your target price should be minimum of $1,000/share or much more.

    • CrayonMuncher

      Member
      June 3, 2021 at 12:15 pm

      My portfolio dropped ~$20k too but I’m not even phased. It will come back.

      The short-sale rule or SSR, is also known as the alternative uptick rule or SEC rule 201.

      The SSR restricts short-sales on a stock that has declined in price by 10 percent or more from the previous day’s close.

      Once triggered, the SSR remains in effect until the end of the following trading day. The rule applies to all equity securities whether traded on an exchange or over the counter.

      https://www.wallstreetdaily.com/2019/05/20/ssr-what-it-is-and-what-you-need-to-know/

    • Oath

      Member
      June 3, 2021 at 3:32 pm

      $1,000 isn’t crap.

      This has to go higher or it loses the MOASS name.

  • Curunir

    Member
    June 3, 2021 at 12:18 pm

    Short Sale Restriction

    It’s a mechanism in the stock market to prevent shorting a stock as it’s dropping really fast. They can still take short positions but only in periods when the stock is moving up. It’s designed to slow/stop a fast-crash of a stock so if it goes down by like 10% or such in a short period of time then this restriction goes in effect.

    It will be in effect the whole rest of that trade day and the next trade day.

    It’s not an uncommon thing and there are web pages where you can find the list of all stocks on the current SSR.

  • CrayonMuncher

    Member
    June 3, 2021 at 12:21 pm

    Our GME ape brothers and sisters will be on it now too

  • Oath

    Member
    June 3, 2021 at 3:21 pm

    Is this going into the 5 digits at least? like $10,000 minimum? I would expect MOASS to get past $1000 measly dollars…

  • Curunir

    Member
    June 3, 2021 at 3:57 pm

    Nobody knows. Everyone has their beliefs, and in the case of YT peeps and such they really are in a legal cross-hair if they say specific targets.

    I have been in this since March and really bought in big in April. Every layer of the onion that gets peeled back seems to expose more and more bad shit which then increases the POTENTIAL.

    I feel that $1k is actually likely to be a FOMO point rather than an exit.

    But from $5k to $10k is going to have me nervous. I can see the mathematical arguments on $10k+ and do believe they are possible. But tere is a bug-ugly list of things that could stop us from reaching full potential and I can only hope the momentum is really pushing as we squeeze.

    Just my opinion.

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