Good catch.
Why is AMC spiking now as opposed to a week or a month ago, etc? It's tempting but I'm just wondering what the catalyst is for timing of these big moves. I understand FOMO but what triggered people to say 'okay, now we buy' after not really doing much in the last month before the spikes?
I've been trading crypto for 5 years, never really been a pump chaser. I had 3,000 plus under $3 and sold around $6-$7 the day before WSB took it over. Oh well, I'm too conservative a swing trader.
It’s a very long explanation. Lots of fail to delivered positions + hedge funds have no money left + continuous option calls landing in the money + FOMO. The volume has always been there, volume drives big price moves.
No I’m holding until right after the squeeze ends, planning for down tick. Won’t hit the top of course, no one will maybe like 0.0001%, but I hope to be somewhere near the top 20%.
Aha, many someone elses in abundance. I'll just enjoy the games.
Thanks...def not a stock for the faint of heart with today being an example. Was up around 20%+ this morning and is down around 4% last I looked.
How long does this last and what’s the estimated price it’ll reach?
Yeah I’ve been constantly increasing my position since December. I notice if people jump in all at once they can’t handle the pride action and they sell.
Depends on a lot of things - I think 2-4 days of around 25% of the max peak. But honestly no one really knows. Price target there’s a lot of misinformation out there. My own math has it a lot less than the speculative $100k you see.
Kudos @CTBasketball, the abacus has worked quite well. Finally analyzed AMC under the hood last week versus just being humored with a small # of AMC shares bought for sh|ts & giggles, then added a good chunk <25 on Friday's dip.
There’s a reason why Citadel Capitol has been hiring bankruptcy lawyers since February. And they moved 8.1B of the companies net worth to accounts in the Cayman Islands and China. They can’t stop this run up.
$8.1B's a lot of shekels, yet Citadel's likely moved even more and they're hardly alone. Shifting some dinero under clam shells in mainland China's interesting, but not expected. Now, Malaysia, maybe Thailand, even HK or less likely SG. Or, Mauritius, Cyprus, UAE, Bahrain, Kuwait, maybe Jersey and Malta aside from the supposed Maltese compliance with EU tax regs. What's interesting even now is how little recognition appears to exist of potential broader global market impacts. Sure hope not, yet unwilling to avoid some hedges.
Some NON-tax sheltered account holders of CLDR may appreciate the appreciation, but not so much the unplanned capital gains impacts of the cash sale.
Not so much currently, but after a few to several months I suspect widening variances will exist by sector, functional role types, responsibility levels, available/alternative new opportunities, age, marital/partner/family status, etc. With some sectors and companies unable to hire enough new employees for traditional office roles, many employees call the shots.
That was a deliberate rug pull. We could see it this afternoon, usually heavy short positions come thru around lunch.
And it's back running.
Congrats for hanging in. Don't spend it all in 1 place!
So not much short action looking at the candles - I can double check the short interest later. But the price spikes were likely delta hedging I’m thinking.
