Honestly this isn't advice, or speculation just a guy who is here for the absolute madness that transpired these past few days, and looks likely to persist into next week. My only recommendation is to ride the FOMO wave of absolute vindictive trading that is going to take place on AMC, NOK, BB, BBBY, GME, and others. If you can afford to play the game, throw some money at it and you will see returns. If not, spread the word! This may be a touch political, but it is high time that we stick it to the very people who have destroyed so many lives due to their own greed and avarice!
Why did you label this post as a Short instead of a Long?
Sephiroth4269
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@MC_Shiro, I don't dare to hope that these shenanigan's will continue unabated. The Government will likely step in and attack the citizens. Of course then the riots will happen...
FORMER_WAGIE
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I like the stock! I like movies!
patrickjosephdevlin
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I put my money on a $13 AMC put. (one put. in other words, I'm a little guy betting against AMC. it's a garbage stock, their theatres always make me 'recycle' 3d glasses, and they've given me food poisoning from bad popcorn). So yea... you could say my trade will be based on real-life fundamentals from experience from my very fundament.
FynnS
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@patrickjosephdevlin, you cant evaluate a meme stock of your own experience and say its going to go down, the bulls are with a amc at least through next week. Your evaluation is like me saying I bought a tesla and it was all fucked up so im buying puts for tesla... and look where tesla is now. GL going against the wave my guy.
dra197825
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@SEPHIROTH So based on this, what do you feel will be the high for the next week, in your opinion?
FynnS
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@dra197825, im thinking 40 or 50 at most, then possibly higher in the weeks to come. We cant really make a prediction due to all fundamentals being completely thrown out the window
Sephiroth4269
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@dra197825, Yeah, I can't say either, I am not betting on anything beyond a factor of x10. If it somehow skyrocketed to a factor of x100 that'd be insane, but I wouldn't count on it for anything that isn't already single digits. I also wouldn't recommend holding into next week either. I intend to sell at COB Friday