BUY AMC today. It is getting the GME treatment

[edjr 5,562]

[GutterBoy 2,281]

holy sh!t.

 

So what's going on here?  Is there a subreddit getting people to buy certain stocks to short squeeze hedge funds?  And then selling at the top?

[edjr 5,562]

[edjr 5,562]

9 minutes ago, GutterBoy said:

holy sh!t.

 

So what's going on here?  Is there a subreddit getting people to buy certain stocks to short squeeze hedge funds?  And then selling at the top?

yes Sir

[edjr 5,562]

meanwhile, my portfolio is down 1000 at opening.  and BC is sliding to hell. 

[GutterBoy 2,281]

Just now, edjr said:

yes Sir

Seems pretty risky unless you knew about it yesterday.

What's the subreddit so I can get in today on tomorrow's fake pump?

[KSB2424 3,083]

14 minutes ago, GutterBoy said:

holy sh!t.

 

So what's going on here?  Is there a subreddit getting people to buy certain stocks to short squeeze hedge funds?  And then selling at the top?

yes, pump and dump.  Wall Streets being doing forever, now its the peoples turn.  

[KSB2424 3,083]

Wall Street intervenes. 

 

[Drizzay 645]

It's a little to late for that!

[KSB2424 3,083]

The RobinHood APP is now "down". 

[KSB2424 3,083]

It ain't no fun when the rabbit got the gun! 

***NSFW Language*** 

[Hardcore troubadour 12,631]

It’s the modern day version of pitchforks and torches. Nerd style. Love it. 

[JustinCharge 2,397]

might be fun for $100.

[nobody 2,037]

15 minutes ago, GutterBoy said:

Seems pretty risky unless you knew about it yesterday.

What's the subreddit so I can get in today on tomorrow's fake pump?

They probably figured out that if you buy a bunch of cheap out of the money calls, it'll force funds to cover their shorts.  

[bandrus1 413]

4 minutes ago, Hardcore troubadour said:

It’s the modern day version of pitchforks and torches. Nerd style. Love it. 

Exactly

[GutterBoy 2,281]

3 minutes ago, nobody said:

They probably figured out that if you buy a bunch of cheap out of the money calls, it'll force funds to cover their shorts.  

Fock I'm too stupid to know what all this means.  Maybe I'll spend the weekend learning how to trade options.  Now that the NFL is over I need something else to gamble on.

[nobody 2,037]

Might as well go buy nokia now.

[JustinCharge 2,397]

I feel pretty sure that if this continues, the brokerages will build in safeguards like greatly restricting the trading practices of accounts that are not funded by at least $50k.

[GutterBoy 2,281]

This reminds me of 1999 when I could buy anything in the morning and sell it for double in the afternoon.

 

Pets.com still around?

[JustinCharge 2,397]

I have a charles schwab account.  I tried to place an order online and it said online trading is down and to call the phone number instead.  I tried to place an order for a different stock symbol and got the same message.  I called the number and it just sent me to a recording saying trading is down.

Charles Schwab number is 1-800-435-4000

[edjr 5,562]

200%

[Cdub100 3,380]

Just bought 100 shares. I'm selling them today not sure when

 

[JustinCharge 2,397]

7 minutes ago, Cdub100 said:

Just bought 100 shares. I'm selling them today not sure when

 

eff you.  schwab wont let me buy

Who is your broker?  looks like I need a new account.

[Cdub100 3,380]

Just now, JustinCharge said:

eff you.  schwab wont let me buy

Hopefully fidelity will let me sell.

 

Speaking of which I need to put in a stop loss

[JustinCharge 2,397]

1 minute ago, Cdub100 said:

Hopefully fidelity will let me sell.

 

Speaking of which I need to put in a stop loss

I wouldnt put in a stop loss.  This is something they will shake you out if they can.  Its just $100 anyway.

[Cdub100 3,380]

Just now, JustinCharge said:

I wouldnt put in a stop loss.  This is something they will shake you out if they can.  Its just $100 anyway.

I bought 100 SHARES

[JustinCharge 2,397]

15 minutes ago, Cdub100 said:

I bought 100 SHARES

OH, I read that as $100.

[Cdub100 3,380]

13 minutes ago, JustinCharge said:

OH, I read that as $100.

I put a stop loss at 15.30 and got liquidated. I bought back in at 15.69 and set a stop loss at 14

[Cdub100 3,380]

Where's the rest of my pump? This trading sideways is for the birds

[WhiteWonder 2,171]

Without knowing anything about any Reddit forum, I invested in AMC last week after it declared no bankruptcy. 
 

it had been on my covid recovery watch list with other stocks I own such as carnival cruises and American Airlines. 
 

naturally I was not anticipating a 200%+ pop in one day. I was looking for it to hit its September highs around $7

 

I’ll definitely take it !

[Cdub100 3,380]

Just now, WhiteWonder said:

Without knowing anything about any Reddit forum, I invested in AMC last week after it declared no bankruptcy. 
 

it had been on my covid recovery watch list with other stocks I own such as carnival cruises and American Airlines. 
 

naturally I was not anticipating a 200%+ pop in one day. I was looking for it to hit its September highs around $7

 

I’ll definitely take it !

I bought a lot of CCL, RCL and LUV last April when it bottomed. 

AMC to me was never going to make the same kind of comeback. But if anyone can survive it's them. They changed their business model around before covid which helps.

[WhiteWonder 2,171]

5 minutes ago, Cdub100 said:

I bought a lot of CCL, RCL and LUV last April when it bottomed. 

AMC to me was never going to make the same kind of comeback. But if anyone can survive it's them. They changed their business model around before covid which helps.

I bought CCL and AAL around the same time as you. I also bought more of each to trade on swings over the last several months. I never pulled the trigger on AMC until last week. Complete luck in the timing. 
 

since sleepy won the election I’ve been swing trading EV stocks as well. 

[NorthernVike 2,080]

15 minutes ago, Cdub100 said:

I bought a lot of CCL, RCL and LUV last April when it bottomed. 

AMC to me was never going to make the same kind of comeback. But if anyone can survive it's them. They changed their business model around before covid which helps.

Why has RCL preformed better than CCL?  Any insights?  I haven't followed either of them.  

[edjr 5,562]

NOKIA  BUY BUY BUY!

[JustinCharge 2,397]

Schwab is now allowing trading again.  Bought 10 shares of AMC at $15.66 just for the hell of it. Don't care if I lose it all.  Just gonna let it run.

[Cdub100 3,380]

Got liquidated at $14. I'm out.

This market is too volatile I'm going back to Crypto.

[Cdub100 3,380]

13 minutes ago, NorthernVike said:

Why has RCL preformed better than CCL?  Any insights?  I haven't followed either of them.  

Not really other than CCL is a budget cruise line. RCL is more upscale and better run overall. RCL ships are newer too,

[Mike Honcho 4,023]

11 minutes ago, Cdub100 said:

Got liquidated at $14. I'm out.

This market is too volatile I'm going back to Crypto.

 

[KSB2424 3,083]

What about Radio Shack?

[edjr 5,562]

2 minutes ago, KSB2424 said:

What about Radio Shack?

Do you need help plugging in your VCR grampa?