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  • Total trading newbie

     Natedubb updated 1 year, 2 months ago 7 Members · 13 Posts
    AMC
  • PJTAFF

    Member
    June 9, 2021 at 9:03 am

    Hi all, OK go easy on me πŸ€¦β€β™‚οΈ I’m new to all this investing, I’m a small ape with only 21 shares in AMC but loving the ride its given so far.

    OK question is all this talk of 100k 500k a share in hundreds of posts that I’ve read (admittedly I don’t understand most of it) how possible/ likely is it, or are we just talking a pipe dream here and is it reaching a few hundred ££$$ more of a realistic target????

    As I say I’ve only got 21 shares, and already to me I’m making some decent money as I’ve averaged buying at just under $10, I’m happy to hold for the long haul but just wanted to know what is a realistic price

    πŸ€·β€β™‚οΈπŸ€·β€β™‚οΈ

    Please go easy as I’m just a young stupid ape that doesn’t understand most of the “expert” talk but I have picked up that a lot of the so called experts are just people trying to manipulate people like me who haven’t a clue.

    Anyway hello from Kent πŸ‡¬πŸ‡§

  • CrayonMuncher

    Member
    June 9, 2021 at 11:01 am

    Welcome ape! No shares are too small and good for you for learning the stock market.

    The short and sweet answer is that in theory, the sky is the limit if we all hold onto our shares which will force the price up. Regardless, as long as you hold through these rough times, yes, when the squeeze does happen you are going to make decent money. Times like these past 2 weeks when the price isn’t rising like we want it to is where you are earning your diamond hands.

    I won’t get into the mechanics of a squeeze but the 21 shares you own need to be bought back from the market makers so they can close out their position, but they can’t do that until the price hits a number you are happy with and decide to sell it back to them. Until then, the short position they started is still “open” and they remain on the hook for it (financially responsible for it). So, you and all of us apes are in the driver’s seat to dictate the price.

    If it wasn’t for some setbacks last week and this week, the price would already be much higher. Without a doubt the price will go into 3 digits. It is also extremely likely to go into 4 digits. Getting into the 5 digits and beyond, yes, is possible, but how likely it is to happen and how high it really will go is the source for lots of debate.

    Some key prices to watch are the $60.00, $80.00, and $100.00 mark. Those are key stepping stones that puts more pressure on the market makers and hedge funds. It’s where the scales will tip and start causing the first dominoes to fall and start the big squeeze.

    This squeeze is different from all others before it because this one deals with crazy amounts of market manipulation at levels nobody has ever seen at this magnitude before. That’s why nobody can estimate how high it will go. We are all going to find out together.

    Hang in there and keep learning more about how the stock market works. Keep reading and asking questions and gain that knowledge and you will feel more confident. Keep holding your shares and good luck!

    • Sensidude

      Member
      June 9, 2021 at 4:20 pm

      Yes thanks a lot. It helps me to understand.

    • blue-moves

      Member
      June 9, 2021 at 5:12 pm

      “nobody can estimate how high it will go. We are all going to find out together.”

      I love this! πŸ‘†

      πŸ¦πŸ΅πŸ™ˆπŸ™‰πŸ™ŠπŸ¦ (<- pic shows all of us finding out together! πŸ™‚ )

      πŸ’°πŸ’°πŸ’°πŸ’°πŸ’°πŸ’°

      • blue-moves

        Member
        June 9, 2021 at 5:34 pm

        I like these lil’ monkey emojis on here!

        SHORT SQUEEZE REACTIONS:

        regular apes
        🐡 “what the…?”
        πŸ™ˆ “I can’t look..!”
        πŸ™‰ “Srsly?!!!”
        πŸ™Š “I puked a bit”

        cool experienced apes
        🦍 “…this is the way”

    • Natedubb

      Member
      July 1, 2021 at 4:20 pm

      I think I would piggy back one thing in this amazing ass piece you wrote bro/sis idk, but let’s maybe keep in mind THE SQUEEZE WILL GO AS HIGH AS WE EACH WILL HOLD πŸ¦πŸ™ˆπŸ’πŸ¦†πŸ³πŸ—œοΈπŸ¦πŸŒπŸŒ VW made it to a Grand, idk the numbers or who was invested in that situation so I won’t pretend to make an educated reply, I will say that I’ve heard folks compare these two situations… The VW squeeze lasted 4 days (I think) by the way to anyone that doesn’t know and sees this… but If the numbers are different for AMC in a better light or how about any light, how we get those numbers would be cool to know.

  • PJTAFF

    Member
    June 9, 2021 at 3:25 pm

    Thanks a lot for explaining more to me knowledge is power after all,,,

    I will be holding onto my shares until I get told otherwise by more wise apes πŸ’ͺπŸ’ͺπŸ’ͺ

    • CrayonMuncher

      Member
      June 9, 2021 at 4:30 pm

      Think about an amount that would significantly help you. Anything less than that won’t change your life.

      Or until your account balance looks like a phone number πŸ˜†

  • PJTAFF

    Member
    June 9, 2021 at 5:07 pm

    A phone number amount would be good πŸ˜†

  • blue-moves

    Member
    June 9, 2021 at 5:18 pm

    I keep sending people to this video. It REALLY helped me understand this thing.

    question: Do you want your tits so jacked that your tits are jacked to the tits? (<- community meme slang – in case snowflake – no offences intended! disclaimer!!)

    if so.. https://www.youtube.com/watch?v=B7bBJlXPy9A

    (edit: this is mainly referencing GME but GME and AMC are pretty much the same play as far as I see it.. might be wrong but that’s why I’m happy to have skin in both)

    • This reply was modified 1 year, 3 months ago by  blue-moves.

    • Morefaith1

      Member
      June 28, 2021 at 4:29 pm

      Thanks for posting this vid!

    • GreenAPE

      Member
      June 30, 2021 at 6:23 pm

      So, F Citadel

  • PJTAFF

    Member
    June 28, 2021 at 5:59 am

    Loved that video πŸ‘πŸ‘

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