GME and AMC stock action (out of main)

[MXWing]

AMC not GME, but stonk related....

These clowns cashing out some reddit money rather than making a plan to ensure the sustainable future of their company.

AMC Entertainment approves millions in bonuses to top executives

Disgusting.

No matter how much WSB tries to pump AMC, it is dead.

Smart money has been in CNK the whole time. You don't hear about the because they aren't run by clowns like how AMC is.

 

[TheTalkingMule]

Disgusting.

No matter how much WSB tries to pump AMC, it is dead.

Smart money has been in CNK the whole time. You don't hear about the because they aren't run by clowns like how AMC is.

No one was ever pumping anything, it was and remains a purely structural trade. AMC fades in and out because the float isn't as tight as GME.

 

[goinfraftw]

Stream for SEC nomination hearing:

 

[TheTalkingMule]

Tomorrow(3/2) at close is the due date for hedgies to voluntarily disclose their short position for this two week period. It'll be interesting to see if we climb tomorrow and then crash Wed/Thurs on renewed shorting. Maybe I'll sell at $150 and buy back at $105.

Low volume marketwide risk-off day.....yet GME rises? What a strange coincidence.

Looking for massive downswing for the remainder of the week. Would buy some Friday puts, but the premium is likely insane. Wish I had enough shares to sell covered calls at their absurd pricing.

 

[bro1999]

Low volume marketwide risk-off day.....yet GME rises? What a strange coincidence.

Looking for massive downswing for the remainder of the week. Would buy some Friday puts, but the premium is likely insane. Wish I had enough shares to sell covered calls at their absurd pricing.

I bought a 3/5 63p just for kicks. Come on, daddy needs beer money!

 

[TheTalkingMule]

Every heavy down TSLA day is a strong GME day the last few weeks. Starting to think TSLA calls and GME puts for this Friday. Gonna see where TSLA lands this afternoon.

Edit: I'd like to revise a comment from above. Obviously tons of people are "pumping" GME/AMC, but the trade is rooted in structural shortness rather than simply pumping for the purpose of dumping. These people don't understand they don't need to be pumping in the traditional sense.

 

[bro1999]

I bought a 3/5 63p just for kicks. Come on, daddy needs beer money!

Bailed out with a 10% gain. That was fun. 12-pack secured!!

 

[bro1999]

Supposedly RKT was caught up in a short squeeze, spiking over 70% today.
RKTE, a completely unrelated penny stock with a similar ticker, spiked 533% today on no news. Most likely, people mistakenly bought RKTE when trying to get in on the RKT frenzy and spiked RKTE's SP over 500%.
The stock market is stupid.

 

[TheTalkingMule]

Really strange to see GME holding it's SP when the rest of the non-DOW world is plummeting. 2nd time in a couple weeks we've seen this. I guess it's a "recovery stock"? Lol

A couple buy orders in for $300 calls Mar19 and Apr16. Looking to pay about 1/4 of current pricing on both. Let's see if there's a dip soon, IV does look like it's dipping a hair from stratosphere levels. GME options premiums are declining today in general.

 

[bro1999]

Really strange to see GME holding it's SP when the rest of the non-DOW world is plummeting. 2nd time in a couple weeks we've seen this. I guess it's a "recovery stock"? Lol

A couple buy orders in for $300 calls Mar19 and Apr16. Looking to pay about 1/4 of current pricing on both. Let's see if there's a dip soon, IV does look like it's dipping a hair from stratosphere levels. GME options premiums are declining today in general.

It's even detached itself from AMC, which has been in lock-step with GME for a while now.

 

[TheTalkingMule]

Good news. The fund that should've gone bankrupt 5x over in January had a great February! Go America!

Melvin Capital Had a Better Month

 

[TheTalkingMule]

GME pops from 120 to 140 in about 90 seconds....lol

 

[bro1999]

GME pops from 120 to 140 in about 90 seconds....lol

It's like an old land mine you come across that you think is probably dead, but still has that slight chance of exploding.

 

[TheTalkingMule]

Touched $200 today briefly and seems to be headed back. Good thing all the shorts covered back in early Feb.

Awfully suspicious that whenever TSLA is down 5%, GME seems to pop 30% or more. Perhaps a chart should be in the works?

 

[TheTalkingMule]

Hard to tell for certain if short interest was updated. I'm reading 60.35% from FINRA here and it says updated at 7pm today, but I thought that's what the figure was 2 weeks ago?

Anywho....if that's the new figure it's essentially flat compared to the previous report.

 

[TheTalkingMule]

Headed for $300 this morning as the House looks to vote on covid relief legislation. Fidelity will finally let me put in sell orders for $420.69.....probably sell half there and keep putting in tiny orders trying to catch any megasqueeze.

 

[TheTalkingMule]

If you only cared about the money, now might be a great time to sell @ $308 if you're worried about a sell-the-news event. The premise of this runup being that stimulus checks will move into GME. I think it's somewhat likely to cause a squeeze, but nowhere near a lock. Hedge funds could be playing folks here and looking to sell between the time of the bill passing and checks going out.

Edit: In the 90 seconds it took to write that, GME went from$308 to $315....lol
Edit edit: Now $332. Able to put in normal sell orders on Fidelity at $420.69 and contingent orders at $720 for any squeeze.

 

[chronoreverse]

Super dip, halt and resume. Another GME day. Another dip and halt. Dip and halt again.

@TheTalkingMule
That call to sell at 308 was pretty damn prescient.

 

[Johan]

Dafuq just happened?

Don't tell me those snakes halted buying again?

 

[chronoreverse]

Wow, now it's doing the reverse rocket and halt, rinse repeat.