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08-17-2021, 08:18 AM | #11146 |
Mammoth penis
Join Date: May 2006
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^^^Thanks for actually typing out a real response instead of just "it's wrong". I'll read through it when I get some time.
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08-17-2021, 08:58 AM | #11147 |
Kind of a mod
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08-17-2021, 09:30 AM | #11148 |
Kind of a mod
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Big banks buy and sell huge volumes all the time. Did it have some impact? Sure. But enough to cause the stock to go up 14x? Nah. That takes an army of people who suddenly feel the stock is going to go through the roof.
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08-17-2021, 03:11 PM | #11149 |
Mammoth penis
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Retail investors helped but had little to do with either big squeezes this year, they were primarily driven by whales.
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08-17-2021, 03:44 PM | #11150 | |
Mammoth penis
Join Date: May 2006
Location: Springfield
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Quote:
Blackrock and Vanguard are only two of the high-stake owners from my list, yes they are the top two but there are 8 more who have also taken a very large position after the price jump so my point remains. But back to Vanguard, I get what you're saying about tracking indices, but they bought over 6.7 MILLION shares after the price jump and now own 8.5% of the entire float (not counting counterfeit shares obviously but we'll get to that later). Do they own that high of a stake in all companies? If not why AMC? Are you telling me there's nobody who works at Vanguard that would see what happened and step in to stop this purchase(s) if it were just an overpriced stock destined to fail? I find that very hard to believe, but you obviously know more about them than I do so I wont argue about it. For the Reddit post, even he is admitting he's not entirely sure what is going on with the buy high/sell low orders at specific time slots but it's a good theory. I'm not going to argue with you on the part of his post about the z code because admittedly it makes my brain hurt, but it sounds like you're guessing as is he. Would you like to address the rest of his post though? There's a lot more after that. Also I'll do something rare for an internet debate, I'll will admit you know more about this shit than I do and I'm still learning. Having said that since you seem to be legit and know your shit what's your take on the entire situation? Have you read or seen the reports of the SEC investigation into the heavy manipulation of AMC by firms like Citadel re-routing retail investor purchases AH through dark pools so they wont hit the NYSE and affect the price? Have you seen/read reports of the insane amount of synthetic shares being traded every single day? These reports have been covered on CNBC and all over legit investing sites, not just on Reddit and Youtube channels. Do you think this whole thing is all bullshit and 4 million apes are wrong? Obviously time will tell on that, just asking what your opinion. As in-tune with the market as you seem to be I would think you'd be fascinated by what's going on and would have a theory of your own. Last edited by MTG#10; 08-17-2021 at 03:52 PM.. |
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08-17-2021, 08:33 PM | #11151 | |
Why so serious?
Join Date: Dec 2016
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Quote:
If I had to guess, these meme stock trades at some point won't end well. You've had a tailwind of a ridiculous bull market and remarkably easy financial conditions thanks to the Fed. Those factors aren't necessarily going away entirely anytime soon, but markets have purges every once in awhile and eventually you may see a sharp market-wide one. And the idea that people will hold onto these stocks believing that others will hold the line when the market as a whole is cratering will be the undoing. That's how I think this will end up. But timing that is virtually impossible. Just know that there's probably a very large negative tail that exists and things can go into a vacuum. BUT. You mentioned Citadel. I dislike them with the fire of a thousand suns. I have had run ins in the past with their founder (KG) and he's ruthless to everyone he encounters. They are the worst of our business and I hope he's short every meme stock on the planet and I hope you're long and I hope they go to infinity. I wish you luck in your investing, MTG #10. I always picture you as baby Mahomes and could never really hate you. Good luck, buddy. |
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08-18-2021, 04:15 AM | #11152 | ||
TACO SALAD
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Quote:
Quote:
The whole point of indexing is you're trusting the market as a whole for pricing. TSLA was added to the S&P 500 last year after a huge run up. Was it a good time to add Tesla? We'll see but it hit profitability goals and was added. |
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08-18-2021, 08:01 AM | #11153 | |
Mammoth penis
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Quote:
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08-18-2021, 12:01 PM | #11154 |
Banned
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That was a good discussion.
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08-18-2021, 12:23 PM | #11155 | |
Kind of a mod
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Quote:
If people want to throw a little money at memestocks in hopes of catching a wave for a big payday, go for it. I actually don't have a big issue with that. Just make sure that you're protecting yourself with an overall portfolio that can withstand a correction down the road. (And, preferably, at least CONSIDER that information provided by people who have a vested interest in getting more people to buy in might not be the most objective source of truth.) |
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08-18-2021, 05:36 PM | #11156 |
Mammoth penis
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08-18-2021, 07:41 PM | #11157 |
Fish are scared of me
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Bought 180 more shares AMC today. LOL
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08-18-2021, 07:49 PM | #11158 |
I’m a Mahomo!
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I bought 500 more today. I maybe crazy but I got a feeling the MOASS is coming very soon.
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08-18-2021, 08:08 PM | #11159 |
Mammoth penis
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08-18-2021, 08:10 PM | #11160 |
Fish are scared of me
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