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  • Daily discussion AMC 04 June

     CrayonMuncher updated 1 year, 3 months ago 5 Members · 9 Posts
    AMC
  • Curunir

    Member
    June 4, 2021 at 8:29 am

    Happy Friday everyone!

    So we’re starting the day in the low $50s or high $40s depending on pre ends up. Official close yesterday was $51.34.

    We had lots of news yesterday. Some emotion/panic selling mixed in. An interesting video interview after hours. Payday for many of us and a nice entry point to start with.

    Let’s see what happens today. Love to see us close the week above $70 as we’ve teased that point a few times recently.

  • Anonymous

    Deleted User
    June 4, 2021 at 9:38 am

    I’d love to see that too, but I am fully expecting another massive attack during power hour. High hopes for next week though.

    Seems like a predictable thing to happen on Fridays

  • CrayonMuncher

    Member
    June 4, 2021 at 9:51 am

    I have a feeling it might be a slow day. This week was exhausting for everyone and firepower might be low from all the dip buying, but I hope I’m wrong.

    Looking at the chart, we need to break resistance at around $57.70, $62.39, and then ultimately $68.00. I expect a slow grind today but there’s a good chance we can test all those levels if we aren’t kept down. They might try to keep the call options expiring OTM but we will see.

    I hope it’s a stair step day with a solid power hour.

    • Curunir

      Member
      June 4, 2021 at 10:45 am

      I think you’re guess of hitting around high $50s is pretty safe.

      If we do get close to $60 I’ll be selling a few options to buy more real stock and a couple more options like I did earlier this week so I’m really hopeful.


      • CrayonMuncher

        Member
        June 4, 2021 at 11:36 am

        Nice plan. Good luck!!! 👊

      • Shawn Perry

        Member
        June 4, 2021 at 5:41 pm

        I am holding. All in all i added 2 shares today putting me over 200 shares. However i have $800 more going in early next week regardless of price. Love the site and look forward to growing financially independent at some point with all of our apes making history.

  • Curunir

    Member
    June 4, 2021 at 2:34 pm

    Boring day, but happy where we’re hanging anyway. Maybe we’ll have a spike near the end of the day but otherwise I’ll just have to look at Monday’s activity.

  • grant-austin

    Member
    June 4, 2021 at 8:19 pm

    <div>Hello, AMC closed lower than we all expected but that is likely hedge funds wanting to close the week lower so as to scare some. Did you see the Bloomberg article today, indicating that it may get expensive for funds to borrow or an inability to borrow for shorting – see the link to yahoo.</div>

    https://finance.yahoo.com/news/wall-street-banks-rein-hedge-190856404.html

    I think that this may be a good signal for retail AMC shareholders waiting for the squeeze. Your thoughts?

  • CrayonMuncher

    Member
    June 5, 2021 at 2:19 am

    It’s positive news and a step in the right direction because it tightens the noose, but that alone won’t be what kicks the chair out from under them. It’s going to take a little more time, more rules, tighter restrictions, heavy buying pressure and momentum, higher borrowing fees, threats of margin calls, and not putting more shares out into the market.

    This week should have ripped into the triple digits easily after a pent up 3 day weekend, but the share dilution broke every momentous streak we had. The only thing we can control is holding and continuous buying pressure until something kicks off the moass.

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