Author Topic: AMC share price quadruples as retail traders raid hedge-fund short targets  (Read 6250 times)

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Offline Hoodat

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #75 on: January 29, 2021, 09:47:31 pm »
GME closed at $325 (up about $130) despite misinformation effort (illegally) pushed by one of the hedge funds.  Rumor put forth that call day was today and that stock would be worthless afterwards.  The Reddit pajama buyers held firm.

Meanwhile, the DOW dropped 2% after the Biden Administration tipped its hand in support of the hedge fund managers.
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Online mountaineer

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #76 on: January 29, 2021, 11:25:51 pm »
Meanwhile, the DOW dropped 2% after the Biden Administration tipped its hand in support of the hedge fund managers.
Just checked our investment account: down 0.9%. Supposedly strong, conservative stocks like Walmart, Microsoft, Home Depot were way down.   9999hair out0000
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Offline catfish1957

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #77 on: January 29, 2021, 11:35:57 pm »
Just checked our investment account: down 0.9%. Supposedly strong, conservative stocks like Walmart, Microsoft, Home Depot were way down.   9999hair out0000

Reflecting a developing lack of confidence in Wall Street in general, especially now with Pedo Joe backing the bad guys.
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Online mountaineer

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #78 on: January 29, 2021, 11:56:41 pm »
Reflecting a developing lack of confidence in Wall Street in general, especially now with Pedo Joe backing the bad guys.
I have to agree.
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Offline catfish1957

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #79 on: January 30, 2021, 12:11:21 am »
I have to agree.

This is going to hurt everyone in the short term , due to shaken confidence, but IMO medicine needed to cut out the cancer.
« Last Edit: January 30, 2021, 03:48:11 am by catfish1957 »
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Offline thackney

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #80 on: January 30, 2021, 12:50:46 am »
Candace Owens @RealCandaceO
15m
Wow. They actually did it. CNN is already beginning to call Redditors anti-Semitic white supremacists.
They are setting the stage to give the wealthy, hedge fund elites their billions back.
This is sick stuff but they’ve been doing it for years to Trump supporters.


Wow, bold move for a web site with 50 million users a day.
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Offline catfish1957

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #81 on: January 30, 2021, 03:19:50 pm »
Even though it is from the enemy CNN, this is not a bad article describing the Reddit WSB Army.  Fascinating David/Goliath story of where the common folk have fought back and screwed over those who have screwed society for decades.  I wish them the best.....

https://www.cnn.com/2021/01/29/investing/wallstreetbets-reddit-culture/index.html

I display the Confederate Battle Flag in honor of my great great great grandfathers who spilled blood at Wilson's Creek and Shiloh.  5 others served in the WBTS with honor too.

Offline Hoodat

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #82 on: January 30, 2021, 03:34:12 pm »
Wow, bold move for a web site with 50 million users a day.

Television screens in airports that cannot be turned to any other channel should not be counted as 'users'.
If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.

-Dwight Eisenhower-


"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."

-Ayn Rand-

Offline Hoodat

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #83 on: January 30, 2021, 03:54:59 pm »
Even though it is from the enemy CNN, this is not a bad article describing the Reddit WSB Army.  Fascinating David/Goliath story of where the common folk have fought back and screwed over those who have screwed society for decades.  I wish them the best.....

https://www.cnn.com/2021/01/29/investing/wallstreetbets-reddit-culture/index.html

They do not paint WSB in a favorable light at all.  But the underlying message here is the cynicism and fatalistic outlook of our millennial generation.  They are already convinced that they will be handed a world that is far worse off than their parents' generation.  With national debt exceeding the GDP and a social security 'safety net' that is in real terms bankrupt now and on paper bankrupt a decade from now, they feel powerless over their circumstances and have lost hope for the future.  That is why so many are willing to forgo that future and risk everything now just to squeeze some enjoyment out of life.

The other takeaway is that this isn't about investment.  It is gambling, pure and simple.  It is no different from picking horses at the track, except that this track stays open 24/7, thanks to the wonderful internet.
If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.

-Dwight Eisenhower-


"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."

-Ayn Rand-

Offline catfish1957

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #84 on: January 30, 2021, 04:11:17 pm »
They do not paint WSB in a favorable light at all.  But the underlying message here is the cynicism and fatalistic outlook of our millennial generation.  They are already convinced that they will be handed a world that is far worse off than their parents' generation.  With national debt exceeding the GDP and a social security 'safety net' that is in real terms bankrupt now and on paper bankrupt a decade from now, they feel powerless over their circumstances and have lost hope for the future.  That is why so many are willing to forgo that future and risk everything now just to squeeze some enjoyment out of life.

The other takeaway is that this isn't about investment.  It is gambling, pure and simple.  It is no different from picking horses at the track, except that this track stays open 24/7, thanks to the wonderful internet.

I was viewing it more from the technical side.  That's why I prefaced it that "Enemy CNN" had its stamp on it, as you know how they slant everything.  But, there is also another aspect...   I have said many disparaging things about millenials, but every once in awhile they'll do something that pleasantly suprises me.

I think they are close to meeting their objectives.  You are right, investing is gambling, except that there is less randomness in investing than casinos., as long as  you do your homework, research, and do it wisely.  On the flip side the WSB is helping unravel the Ponzi aspects of Futures Trading. IMO they have done a communtiy service by clipping the wings of scumbags who through this practice has skimmmed equity value from hard working investors.  Because Hedge Fund Managaers are bascially Jackals feeding on the carcass of dying stocks. F them.

I am sure there will be some bi-ops of more favorable nature as this story continues, but this one was a pretty good primer to the uninfomed.
I display the Confederate Battle Flag in honor of my great great great grandfathers who spilled blood at Wilson's Creek and Shiloh.  5 others served in the WBTS with honor too.

Offline IsailedawayfromFR

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #85 on: January 30, 2021, 04:47:16 pm »
Looking at the forest instead of just the trees, this all suggests the time to exit positions is here.

Underlying asset value is not reflected in the stock market.

I intend to significantly scale back as such.
No punishment, in my opinion, is too great, for the man who can build his greatness upon his country's ruin~  George Washington

Offline Hoodat

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #86 on: January 30, 2021, 05:03:03 pm »
Looking at the forest instead of just the trees, this all suggests the time to exit positions is here.

There are a large number of these 'rebels' who are 'in' for 10 shares or less, purely for entertainment value.  They will hold no matter what (unless the value reaches 5 figures).  The big questions is how much of a fraction of total stock holders do these individuals represent.

If this story gains momentum and more like-minded individuals sign on, purchasing two shares here and three shares there, then their clout will increase.  At present, there are a lot of sizeable 'investors' who are holding moderate chunks of GME waiting for the price to reach a certain point before selling.  And they are grateful for the renegades who are standing firm to maintain the price.  But at the point they are willing to sell, the renegades will need to cover that gap in order to reach their five-figure threshold.  I wish them the best.

In the mean time, each day the hedge funders draw closer to their contract date, they must cover part of that gap by purchasing and returning stock due to the price being where it is.  So every day it remains high, they will be hurt financially.  The squeeze won't culminate in a single day as they expect, but it will affect them each day until then.
If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.

-Dwight Eisenhower-


"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."

-Ayn Rand-

Offline catfish1957

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #87 on: January 30, 2021, 05:52:16 pm »
Looking at the forest instead of just the trees, this all suggests the time to exit positions is here.

Underlying asset value is not reflected in the stock market.

I intend to significantly scale back as such.

A 30K DJIA during a pandemic, 8% unemployment, and at leasat $5T of addtional national debt expected in the next 4 years?

The point of the speculative stock run up  bubble is not if it pops, but when.
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Offline thackney

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #88 on: January 30, 2021, 05:55:10 pm »
Television screens in airports that cannot be turned to any other channel should not be counted as 'users'.

@Hoodat

I was talking about Reddit.  That web site has a massive, world-wide following and active user base.
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Offline Hoodat

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #89 on: January 30, 2021, 06:20:02 pm »
@Hoodat

I was talking about Reddit.  That web site has a massive, world-wide following and active user base.

Got it.  Understand now.  Web site.  Reddit is a cesspool of insane hilarity.

* Disclaimer:  I am a retard, not a financial advisor
If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.

-Dwight Eisenhower-


"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."

-Ayn Rand-

Offline catfish1957

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #90 on: February 01, 2021, 02:32:54 pm »
GME down 10%, and 3.2M share volume in the first minute at opening. Hope this isn't a sign of  some defectors in the WSB Army.....
« Last Edit: February 01, 2021, 02:34:51 pm by catfish1957 »
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Offline Hoodat

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #91 on: February 01, 2021, 02:46:17 pm »
BUY    HOLD    BUY    HOLD    BUY    HOLD
-----G M E------
                 TO THE MOON




(Note:  Not financial advice.  Just a retard who really likes this stock)
If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.

-Dwight Eisenhower-


"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."

-Ayn Rand-

Offline thackney

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #92 on: February 01, 2021, 02:46:41 pm »
GME down 10%, and 3.2M share volume in the first minute at opening. Hope this isn't a sign of  some defectors in the WSB Army.....

I suspect the attention span on reddit will be the main reason this eventually fails.
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Offline catfish1957

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #93 on: February 01, 2021, 02:54:08 pm »
I suspect the attention span on reddit will be the main reason this eventually fails.

If their wall breaks, it will make for some interesting forum reading.  There will members walking away with $100K's profits while others zip.

And think about it.....  GME obviously isn't worth $300/sh.  At some point there will have to be something triggering liquidation, which will set off a round of  member  "haves" and "have nots", depending on market exit timing,.

And again..  OTOH, have they even looked this far ahead?

Update...  Volume is so heavy and price bouncing, that I can't get a snapshot of price.  It is down now somewhere between 16 and 18%
« Last Edit: February 01, 2021, 02:58:08 pm by catfish1957 »
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Offline thackney

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #94 on: February 01, 2021, 02:56:45 pm »
OTOH, have they even looked this far ahead?

The majority of those playing, almost certainly not.
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Offline catfish1957

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #95 on: February 01, 2021, 03:01:01 pm »
AMC is up 14%. Something's up.
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Offline XenaLee

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #96 on: February 01, 2021, 04:54:19 pm »
AMC is up 14%. Something's up.

They better not damage AMC with all these shenanigans (which I don't really understand), is all I know...dammit!   
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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #97 on: February 01, 2021, 05:01:22 pm »
AMC is up 14%. Something's up.

I hope what's up is hedge funds getting their asses handed them!
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Offline catfish1957

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #98 on: February 01, 2021, 08:38:32 pm »
They better not damage AMC with all these shenanigans (which I don't really understand), is all I know...dammit!

I understand your frustrations, but it is the Hedge Funders that are chosing the battlefields with their trade.

In any case, my last check of GME is that it is down 27%.  I suspect that there may be a few of the retards might be panicking. I hope not though.
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Offline thackney

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #99 on: February 02, 2021, 01:11:22 am »
Exclusive: Robinhood explores raising more debt to fulfill Reddit-fueled order frenzy - sources
https://www.reuters.com/article/us-retail-investing-robinhood-debt-exclu/exclusive-robinhood-explores-raising-more-debt-to-fulfill-reddit-fueled-order-frenzy-sources-idUSKBN2A13HG
FEBRUARY 1, 2021

Robinhood, the U.S. online broker that has emerged as a gateway for amateur traders challenging Wall Street hedge funds, has held talks with banks about raising $1 billion in debt so it can continue to fulfill orders for heavily shorted stocks, according to people familiar with the matter.

The capital raised would be separate from the $3.4 billion in financing that Robinhood announced on Monday it had secured from its investors since Jan. 29. It reflects the financial pressure that last week’s Reddit-fueled frenzy in shares such as GameStop Corp placed on the company, prompting it to restrict some trades.

Robinhood needs the money to backstop trades that its customers place, because its clearinghouse has asked for more collateral due to heightened volatility. Robinhood CEO Vlad Tenev said on Sunday that the trading app decided to place curbs on some transactions because the clearinghouse had asked for $3 billion in collateral....
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