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Mojo
Stranger

Registered: 07/12/07
Posts: 1,676
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MEME Stocks
#27326473 - 05/28/21 09:20 AM (2 years, 7 months ago) |
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How are we feeling about meme stocks around here?
I bought AMC a few days ago @12.90, didnβt know I was stepping onto a damn rocket! π π
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connectedcosmos
Neti Neti



Registered: 02/07/15
Posts: 7,426
Loc: The Pathless Path
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Re: MEME Stocks [Re: Mojo]
#27329009 - 05/30/21 09:15 AM (2 years, 7 months ago) |
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Damn looking like it's sitting at 26 right now? Should I invest?! I'm very new to the stock game so far I've went with msft and pxlw
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 54. The true nature of things is to be known personally , through the eyes of clear illumination and not through a sage : what the moon exactly is , is to be known with one's own eyes ; can another make him know it?
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Nimpo
Big Black


Registered: 05/10/12
Posts: 2,375
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The last thing you want to do is buy into a stock thats pumping.
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connectedcosmos
Neti Neti



Registered: 02/07/15
Posts: 7,426
Loc: The Pathless Path
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Re: MEME Stocks [Re: Nimpo]
#27331404 - 06/01/21 12:32 PM (2 years, 7 months ago) |
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Bought some shares of amc
To the moooooon!
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 54. The true nature of things is to be known personally , through the eyes of clear illumination and not through a sage : what the moon exactly is , is to be known with one's own eyes ; can another make him know it?
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Mojo
Stranger

Registered: 07/12/07
Posts: 1,676
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Welcome aboard. Itβs a wild ride. To the moon!!! πππ
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Mojo
Stranger

Registered: 07/12/07
Posts: 1,676
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Re: MEME Stocks [Re: Mojo]
#27332480 - 06/02/21 10:27 AM (2 years, 7 months ago) |
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connectedcosmos
Neti Neti



Registered: 02/07/15
Posts: 7,426
Loc: The Pathless Path
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Re: MEME Stocks [Re: Mojo]
#27332638 - 06/02/21 12:40 PM (2 years, 7 months ago) |
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These gains are insane 
Let's ride this π to the π
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 54. The true nature of things is to be known personally , through the eyes of clear illumination and not through a sage : what the moon exactly is , is to be known with one's own eyes ; can another make him know it?
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Tripsurfer
Bring Back Asante!



Registered: 08/01/12
Posts: 7,129
Loc: West of Windward
Last seen: 3 months, 27 days
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I read trading already halted today
-------------------- Ach en wee ben ik de klos, met mijn boog schoot ik een albatros... A philosopher is a person who knows less and less about more and more, until he knows nothing about everything.

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Mojo
Stranger

Registered: 07/12/07
Posts: 1,676
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They stopped the roller coaster multiple times today... Iβm finishing the day out at +380% overall so Iβm not complaining.
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GrimTroll
Cultural Terrorist



Registered: 10/15/06
Posts: 1,255
Loc: Canada
Last seen: 2 months, 17 days
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Re: MEME Stocks [Re: Mojo]
#27332905 - 06/02/21 04:59 PM (2 years, 7 months ago) |
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Feels good bois! 322% for me! HODL
-------------------- Now pick me up night and whirlwind and let me ride with you to peace of mind and nothing to rebel...
Edited by GrimTroll (06/07/21 08:45 PM)
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Mojo
Stranger

Registered: 07/12/07
Posts: 1,676
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Yeah man, HODL that shit! Canβt step off a rocket mid flight!!!
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TardedMyc
StrangerStranger


Registered: 04/24/21
Posts: 136
Last seen: 17 days, 22 hours
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Re: MEME Stocks [Re: Mojo]
#27334674 - 06/04/21 02:14 AM (2 years, 7 months ago) |
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So what's next? Is it still a good idea so but into AMC?
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Falling prey to the decay.
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Brian Jones
Club 27



Registered: 12/18/12
Posts: 12,340
Loc: attending Snake Church
Last seen: 4 hours, 31 minutes
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Nothing is certain, but it's fairly likely you would be a late arrival to a ponzi scheme.
-------------------- "The Rolling Stones will break up over Brian Jones' dead body" John Lennon I don't want no commies in my car. No Christians either. The worst thing about corruption is that it works so well,
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TardedMyc
StrangerStranger


Registered: 04/24/21
Posts: 136
Last seen: 17 days, 22 hours
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Yeah late arrival I was sure of. Ponzi scheme I was not aware of. Is that the pumping stock they keep talking about?
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Falling prey to the decay.
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Brian Jones
Club 27



Registered: 12/18/12
Posts: 12,340
Loc: attending Snake Church
Last seen: 4 hours, 31 minutes
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It doesn't matter if it's AMC or Dogecoin. The early arrivers are seeing great share/coin increase but no one knows how long it can go on, particularly when there doesn't seem to be fundamentals for sustained growth (but I could be wrong on that). The point is that nobody makes money until they sell and the early arrivers have much more to gain. When the selloff occurs, i.e. taking profits, then the whole thing could collapse and the late arrivers have the most to lose because they paid more. In practical terms, pump and dump is essentially the same as ponzi scheme.
-------------------- "The Rolling Stones will break up over Brian Jones' dead body" John Lennon I don't want no commies in my car. No Christians either. The worst thing about corruption is that it works so well,
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Enkidu
"No-Such-Person"


Registered: 07/09/16
Posts: 10,698
Last seen: 6 months, 10 days
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Based on the 4hr chart for AMC i would not consider buying and if i was holding i would be selling and wishing i sold a bit earlier.
Daily chart is harder to read but 4 hr shows a drop of the 3 ma below 8mafollowed by a bounce up to the 8 ma and what looks like a rejection.
Could this go up more? Sure. Idk. But id be selling, i wouldnt risk it personally but i dont like gambling i prefer winning.
I would absolutely 100% sell and be happy with whatever profit i took
Thing is with these squeezes the selloff and the drop comes just as fast and as strong as the rise
All technical indicators on 4hr chart point down to me, those are my sell signs. Daily chart is showing some signs too even.
I wouldnt be buying unless those switched and unless the moving averages switched to bull sign sitting on top vs bear sign sitting below
Thats just me
Be careful.
-------------------- Within You , Without You
      
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Mojo
Stranger

Registered: 07/12/07
Posts: 1,676
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Re: MEME Stocks [Re: Enkidu] 1
#27339225 - 06/07/21 05:08 PM (2 years, 7 months ago) |
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Still Holdn.
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connectedcosmos
Neti Neti



Registered: 02/07/15
Posts: 7,426
Loc: The Pathless Path
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Re: MEME Stocks [Re: Mojo] 1
#27339235 - 06/07/21 05:13 PM (2 years, 7 months ago) |
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I'm still hodling π¦π€ππ
--------------------
 54. The true nature of things is to be known personally , through the eyes of clear illumination and not through a sage : what the moon exactly is , is to be known with one's own eyes ; can another make him know it?
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GrimTroll
Cultural Terrorist



Registered: 10/15/06
Posts: 1,255
Loc: Canada
Last seen: 2 months, 17 days
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Bought 6 more today, dgaf
-------------------- Now pick me up night and whirlwind and let me ride with you to peace of mind and nothing to rebel...
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kd87
(:

Registered: 11/05/11
Posts: 324
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does anyone understand what the point of buying AMC is? its about freeing the market, the hedge funds have destroyed businesses and stolen money from the small guy/girl. they are creating naked shorts that are fake short shares and they drive the market down. ima keep buying and hodl im not selling until citadel goes down. It's still going to go up imo its inevitable that they have to buy back the shares and when they do the apes will be standing there doing what! holding till the end and then we will invest back into amc why??? because we like the stock. sell or dont sell its your choice but please educate yourself on the topic before buying and selling..... this is in no way financial advise!
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Enkidu
"No-Such-Person"


Registered: 07/09/16
Posts: 10,698
Last seen: 6 months, 10 days
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Re: MEME Stocks [Re: kd87]
#27340781 - 06/08/21 08:40 PM (2 years, 7 months ago) |
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Idk thats kind of bullshit as far as i can tell
Like that sounds good and all but the reality is this is money driven
I dont believe people are putting money in for a good cause as opposed to profiting off a good cause.
How can you take the money from the hedge funds without selling? So you have to sell.
The longer you wait imo the greedier youre being and although reward is higher so is risk.
What happens to the people who buy high right before it tanks?
I mean whats the goal? Hold and bankrupt hedge funds and ride amc potentially into old price range?
That plan sounds like its going to have a lot of losers holding a bag but maybe im missing something
Feel free to enlighten me
If the goal is to bankrupt hedge funds and send a message then i guess i get that, but again, if you dont sell whats going on here ? Wheres their money going? Thought the idea is transfer of wealth.
I mean in the end maybe we end short selling and destroying business and screwing retail but idk whatever
Theres bigger things going on and bigger battles imo
Guess i cant afford to risk my hard earned money on a virtuous battle to stick it to the man
I think 4hr chart could be bullish but that was a big blast off to 70. Idk if it has gme potential, ill sit the sidelines and enjoy watching though
-------------------- Within You , Without You
      
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Nimpo
Big Black


Registered: 05/10/12
Posts: 2,375
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Re: MEME Stocks [Re: kd87] 1
#27341955 - 06/09/21 05:13 PM (2 years, 7 months ago) |
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Quote:
kd87 said: does anyone understand what the point of buying AMC is? its about freeing the market, the hedge funds have destroyed businesses and stolen money from the small guy/girl.
This always has been, and will continue to be, about making money. No one here cares to stick it to the man, they are in meme stocks to make money and get out of the rat race.
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kd87
(:

Registered: 11/05/11
Posts: 324
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Re: MEME Stocks [Re: Enkidu]
#27342094 - 06/09/21 07:02 PM (2 years, 7 months ago) |
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touche i 100 percent respect you. only thing the hedge fund pays for is the synthetic shares (fake) when anyone sells. its the short interest and the naked shorts(fake. lenders do have the right to demand the seller closes their position with minimal notice. thats rare but it could and has happen. Retail investors can help drive the short borrow fee up simply by holding their positions... we know it works cuz melvin capital lost 49 percent when it happened the first time with gme, bb, amc, ect. gme was just the main one.you are right we could destroy this movie theater if we all sold and walked away. but if we put roughly or even a lil less of our initial investment back into amc when it drops and they will not fail. as for the bag holders that buy high.... you got me there it is a risk for sure. you could lose for sure. dont ever invest anything you cant afford to lose in the first place and dont listen to me or anyone do your own research if your 6th sense tells you to not buy and stay away then follow your instincts. thanks for calling bullshit when you see it. more people should. i personally believe in what we are trying to accomplish but also the money im invested in amc i made from doge. so im not losing anything
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kd87
(:

Registered: 11/05/11
Posts: 324
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Re: MEME Stocks [Re: Nimpo]
#27342098 - 06/09/21 07:03 PM (2 years, 7 months ago) |
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i agree with you. its not everyone but its the majority. it unfortunate but everyone is about them and theirs
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Enkidu
"No-Such-Person"


Registered: 07/09/16
Posts: 10,698
Last seen: 6 months, 10 days
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Re: MEME Stocks [Re: Nimpo] 1
#27342120 - 06/09/21 07:27 PM (2 years, 7 months ago) |
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I love sticking it to the man.
I hate that bastard.
Yeah i get it but at the same time theres a lot of other players at work and at this point i wouldnt be surprised if there are big players making moves to take retail investors pockets.
This shit is just a game and its vs rich cunning people.
Id be careful with amc. I personally dont like the look of the chart.
My involvement in stocks has one goal and purpose in mind. Increase my wealth. I have goals that need that money.
Its not a platform i use to put my money into a noble cause. Amc is a huge risk.
If you were in early and you sell at profit you win. If you buy and lose money, you lost.
When it comes to stocks i only want to win.
Its not gambling to me or using my money to try and take money from wealthy people that have been taking our money a long time and probably will do soon with meme stocks and fuck people in their own game, says my thinking.
I need my money. It serves a purpose. I cant afford to give it to someone else. If i could id give it to a charity, not waste it buying a stock, never selling, and giving it away to a trader or "ape" playing this game or fighting this cause
The answer most likely because people want a piece of that high risk apple pie
Didnt cramer just say amc was a buy at this price? That sounds suspect as fuck, the chart looks like strong potential for drop, retail investors might learn a hard lesson soon.
I wouldnt have money in AMC i wasn't good with watching tumble and never return, and if thats the case why buy stock? Go gamble. But if its for a cause, theres better ways to do good and fight the man that doesnt involve getting financially fucked.
Hope you all take profit and walk away a winner, i see a lot of people getting fucked eventually at this game
Especially when so many "apes" dont know much about TA and are oblivious, blinded by emotion, and listen to all the hype unable to see whats coming
How can a group of people not willing to sell win when the objective is to sell higher than what you bought in at?
Someone up 30k is 100% selling or considering. And soon as a dip starts a cascade of fomo selling will most likely ensue
If you arent selling for profit wtf are you doing? Whats your goal and purpose, whats your exit strategy, what happens when your PT for selling isnt reached and selling ensues?
Better figure it out cause other people have a plan.
-------------------- Within You , Without You
      
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connectedcosmos
Neti Neti



Registered: 02/07/15
Posts: 7,426
Loc: The Pathless Path
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Re: MEME Stocks [Re: Enkidu] 1
#27345190 - 06/12/21 06:44 AM (2 years, 7 months ago) |
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This next week should get interesting for AMC
--------------------
 54. The true nature of things is to be known personally , through the eyes of clear illumination and not through a sage : what the moon exactly is , is to be known with one's own eyes ; can another make him know it?
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GrimTroll
Cultural Terrorist



Registered: 10/15/06
Posts: 1,255
Loc: Canada
Last seen: 2 months, 17 days
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Yup! Best money I've ever spent. Great entertainment!
-------------------- Now pick me up night and whirlwind and let me ride with you to peace of mind and nothing to rebel...
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connectedcosmos
Neti Neti



Registered: 02/07/15
Posts: 7,426
Loc: The Pathless Path
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Will we moon today?
I put in what I can afford to lose 
I'm just in it for the ride π
--------------------
 54. The true nature of things is to be known personally , through the eyes of clear illumination and not through a sage : what the moon exactly is , is to be known with one's own eyes ; can another make him know it?
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Mojo
Stranger

Registered: 07/12/07
Posts: 1,676
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I hope so. Still holding my original position. Things are looking strong.
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Enkidu
"No-Such-Person"


Registered: 07/09/16
Posts: 10,698
Last seen: 6 months, 10 days
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Re: MEME Stocks [Re: Mojo]
#27353891 - 06/18/21 04:45 PM (2 years, 7 months ago) |
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Amc still has support, honestly looks like a bull flag to me but i personally am too cautious to risk entry.
Definitely held very well from my last post and did not tank the way i was worried it would.
Based purely on the way the chart looks and if i didnt know it was AMC id consider trading it. Resistance looks like 64-65, a break above that could be a huge move up
A break below last support that looks like 52 or so could see a test of 42 or so
Good luck guys, could see more upside for your position...
If it fails to break resistance and dips, id be cautious on holding
Def do your own dd and take this with a grain of salt
-------------------- Within You , Without You
      
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