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  • The AMC Halt Challenge

     CWP updated 1 year, 4 months ago 3 Members · 8 Posts
  • Curunir

    June 1, 2021 at 9:52 am

    Game idea here that may be fun way to blow of steam…

    The CHALLENGE: How many Halts do you expect the SEC will throw against AMC starting on market open 01 June (today) until the stock peaks (which we don’t know when or how high this will be)?

    The PRIZE: Bragging rights when we meet up somewhere after this is done. It’s not like you’re not going to be able to buy anything we offer as a prize yourself anyway.

    The TIE-BREAKER: In the event more than one person guesses there’s a tie breaker question: What companies, if any, do you think will freeze buying or selling on their own during the squeeze the way RH did for GME?

    For those of you unfamiliar, a Halt is when the SEC sees a stock going up or down crazy fast and steps in to pause ALL trade activity for a short period of time, usually like 10 minutes, to let emotions settle. There can be multiple in the same day or even same hour if it feels it needs to. These are not that uncommon and shouldn’t cause panic. Gives you a chance to step away, use the bathroom, grab a snack and send the dog out.

    I’ll keep track here.

  • Curunir

    June 1, 2021 at 9:52 am

    Scoreboard Post

  • Curunir

    June 1, 2021 at 9:53 am

    I’ll go first.

    Halts: 12
    Tie-Breaker: None

    I think I’m undershooting the halts but “it’s my first time” so what do I know about how it’s done. 🙃

    As for the tie breaker, I don’t trust RobinHood but after the PR disaster and lawsuits from the GME run up they’d be an idiot to do it again.

  • Sikh_Jedi

    June 1, 2021 at 11:15 am

    Perhaps 5-11 major price halts? This would allow the volatility to freeze as well as increment the amount of shares the shorts can cover without it moving too fast up or down for traders as a whole. Ex. 1,200K, 4,900k, 6,800K, 9500k, 10k, 20k, 40k, 60k, 90k, 200k— Only God knows where the mountain peaks exactly. I’d imagine the more it moves up, the faster in between price targets it jumps as FOMO and hedge funds increase their amount of buying. This will effect the stock price more dramatically each step, causing the price halts to be further apart.

    <font face=”inherit”>This is pure speculation and something that I’m completely unsure of, however, I imagine at this point the Market Regulators want to keep the US stock market credible to insure continued buying and selling of securities. Therefore, I speculate they will allow Sellers to cash in on the price </font>movements<font face=”inherit”> whilst also protecting traders from losing or gaining too fast on their </font>position (short or long)<font face=”inherit”>. </font>

    <font face=”inherit”>Let’s pray we can </font>hold<font face=”inherit”> during those price freezes. </font>They’re<font face=”inherit”> </font>inevitable<font face=”inherit”> I guess, but </font>it’s<font face=”inherit”> not over until Hedge Funds cover </font>their<font face=”inherit”> short </font>positions<font face=”inherit”>. KEEP HOLDING!</font>

    <font face=”inherit”>

    • This reply was modified 1 year, 4 months ago by  Sikh_Jedi.
    • This reply was modified 1 year, 4 months ago by  Sikh_Jedi.
  • Curunir

    June 2, 2021 at 12:29 pm

    First hold…

    $61.72, started about 12:27 02 June Wed.

    I ain’t even mad.

  • Curunir

    June 2, 2021 at 1:23 pm

    Halt again at $59.73

  • Curunir

    June 2, 2021 at 1:42 pm

    Halt @$57.58

  • CWP

    June 2, 2021 at 7:33 pm

    They’ll halt as many times as they need to.

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