Money Investing megathread extravaganza - Page 650

Originally Posted by Hog's Gone Fishin:
How in the **** can he get you $35 when the high of the day has been 32.20

I can sell it at $35 right now. I merely charge a fee of $5 per share.
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Originally Posted by KChiefs1:
He told me that’s it’s trending & he thinks it will hit 35 today sometime & he wanted to know if I wanted to sell at that price.

:-)
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Well, it left 35 in the dust. You still holding?
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Originally Posted by Hog's Gone Fishin:
I just talked my brother into selling his Uber and moving to AMC. He's in for 247 shares now.

Originally Posted by MTG#10:
You talked a family member into buying AMC in the 14's? Thanksgiving is going to be awkward...

:-)

Yeah, I'm saving this until the crash.
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Shorts haven't even started to cover yet. If this thing breaks 50 by Friday, I think they are going to start. That's when the REAL fireworks go off.
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Originally Posted by Buehler445:
That’s interesting. If AMC is leveraging a short squeeze to sell treasury stock, and they manage to time it right, that’s fairly brilliant.

It's great if all of this can keep AMC around losing money for more years as I like going to the theater.

The question is why would a private equity firm want to buy? Pre-pandemic AMC was selling for $2-6 in 2020 with under 100 million outstanding shares w/ 5 Billion in LT debt. Now it has 450 million outstanding shares still w/ 5 billion in LT debt and they bought at 27/share!? Bizarre..
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Uncle Larry is all on board now. He's one of my fav's. Real down to Earth non financial advisor.

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Originally Posted by ChiliConCarnage:
It's great if all of this can keep AMC around losing money for more years as I like going to the theater.

The question is why would a private equity firm want to buy? Pre-pandemic AMC was selling for $2-6 in 2020 with under 100 million outstanding shares w/ 5 Billion in LT debt. Now it has 450 million outstanding shares still w/ 5 billion in LT debt and they bought at 27/share!? Bizarre..

Rumor mill at reddit has been going at it today about Mudrick buying at 27 on Friday, only to sell today. They think it was a coordinated attack with Citadel to drop the price, since the CEO of Citadel owns 10% of Mudrick.

It's like Taco John and Black Op level conspiracies over there. It's all delicious entertainment as long as its making me money.
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Will it close at $38 AH ?????
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AMC at $37.69 in AH. Hell of a day! Still room to grow for sure!
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It’s because I sold at $14. You’re welcome, y’all.
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Originally Posted by lewdog:
Put the kid of the tablet, gave him a popsicle and told him to "leave me alone!"

Got an hour of charting in and they lead me to some possible breakout charts. Heavy rotation to financial sector when looking through 500+ charts just now.

OMF- Breakout 58.12, Stop 55.41, 4.6% risk
CNA- Breakout 48.81, Stop 46.60, 4.5% risk
HON- Breakout 234, Stop 225.4, 3.6%

So only one of these confirmed breakout. I have also removed CNA from the list completely after reviewing the chart again today.

Here's how OMF confirmed breakout right at open today and held up strongly through day.

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Originally Posted by rydogg58:
Well, it left 35 in the dust. You still holding?

I’m holding until 100,000!
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Originally Posted by KChiefs1:
I’m holding until 100,000!

Will you take me for a ride on your mega-yacht?
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Originally Posted by KChiefs1:
I’m holding until 100,000!

I hope you're kidding. With that kind of money invested you need to get your basis out at a reasonable point.

On the other hand , if you sell before 100K you're an asshole.
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