Money Investing megathread extravaganza - Page 648

Our social calendar in May has been loaded so not much time for charting and sharing here.

I’ll try to do some tomorrow.
[Reply]

Originally Posted by Hog's Gone Fishin:
This hit home for me. (AMC)

That’s hard to watch.
[Reply]

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%
[Reply]

Originally Posted by lewdog:
Oh you bet your ass I’m holding and gambling on AMC.

There's tons of talk about it going to 100K but who in the hell will be driving it past 1K ? I mean can you imagine buying a share at $5000 . Not me. Will the Hedgies be forced into that? I don't think so.
[Reply]

Originally Posted by Hog's Gone Fishin:
There's tons of talk about it going to 100K but who in the hell will be driving it past 1K ? I mean can you imagine buying a share at $5000 . Not me. Will the Hedgies be forced into that? I don't think so.

I’ll be out at $100/share.
[Reply]

Originally Posted by Hog's Gone Fishin:
There's tons of talk about it going to 100K but who in the hell will be driving it past 1K ? I mean can you imagine buying a share at $5000 . Not me. Will the Hedgies be forced into that? I don't think so.

That's the driving force of the 100k talk is that hedge funds will be paying it. What we are hoping happens is that after the vote/share count on June 2nd, if there is an abnormal amount if shares over the 500 million or so, that it will force a share recall. A share recall will force a closure on short positions. Nobody in their right mind would ever pay 5 grand for a share of AMC unless they are forced to.
[Reply]

Originally Posted by rydogg58:
That's the driving force of the 100k talk is that hedge funds will be paying it. What we are hoping happens is that after the vote/share count on June 2nd, if there is an abnormal amount if shares over the 500 million or so, that it will force a share recall. A share recall will force a closure on short positions. Nobody in their right mind would ever pay 5 grand for a share of AMC unless they are forced to.

I dont think it'll ever get to that point. Uncle Sam will step in before that happens and save the hedge fucks.
[Reply]

KChiefs1 says he's putting $429k on AMC Tues morning. If true that should move the price a bit.
[Reply]

Originally Posted by MTG#10:
KChiefs1 says he's putting $429k on AMC Tues morning. If true that should move the price a bit.

Yep, him buying 16,500 shares should do wonders to the price.
[Reply]

I was looking at the options chain a while ago and was thinking HOLY SHIT! Look at all the contracts at $130 +.

Then I realized I was looking at AAPL.

FUCK!
[Reply]

Where a beginning investor should put their first $1000. :-)

[Reply]

I am in, looking to retire if this thing goes well
[Reply]

Originally Posted by Chiefs_Fan:
I am in, looking to retire if this thing goes well

And if it doesn’t, work another decade?
[Reply]

Originally Posted by lewdog:
And if it doesn’t, work another decade?

^ Fun at parties.
[Reply]

JBS

Yesterday rumors flew that JBS had been hacked and shit was going to hit the fan on the live commodities side. Today they've quietly confirmed something did happen. The company has been raping and pillaging for months, and it's still green right now, but if people overreact and drive it down this week it might be worth watching as a cheap gamble.
[Reply]