Chicago Fanatics Message Board :: View topic - AMC is the next stonk to go crazy

Already 16 bucks from 5 yesterday. Highly shorted stock. Anyone buying? LOL

Sry just posted this in the GME thread...

It's up to 21 bucks. A 335 percent increase. What are the odds this brings down a bunch of firms and snowballs into a market collapse? The market has been propped up since 2009 by the FED and low rates. Maybe this is the endgame.

blackhawksfan wrote:

Already 16 bucks from 5 yesterday. Highly shorted stock. Anyone buying? LOL

This has got to be the beginning of the end. Wall St and the government won't allow us plebs to make money like they do. :lol:

Suddenly Wall Street is demanding regulation. It's hilarious. :lol:

Joe Orr Road Rod wrote:

Suddenly Wall Street is demanding regulation. It's hilarious. :lol:

The regulation would be to not overextend yourself on shorting of stocks.

Joe Orr Road Rod wrote:

Suddenly Wall Street is demanding regulation. It's hilarious. :lol:

The regulation would be to not overextend yourself on shorting of stocks.

Brick wrote:

Joe Orr Road Rod wrote:

Suddenly Wall Street is demanding regulation. It's hilarious. :lol:

The regulation would be to not overextend yourself on shorting of stocks.

Or the ban on naked shorting, which seems to still be an issue.

Jaw Breaker wrote:

Brick wrote:

Joe Orr Road Rod wrote:

Suddenly Wall Street is demanding regulation. It's hilarious. :lol:

The regulation would be to not overextend yourself on shorting of stocks.

Or the ban on naked shorting, which seems to still be an issue.

It wasn't an issue when the rich guys were winning.

Joe Orr Road Rod wrote:

Jaw Breaker wrote:

Brick wrote:

Joe Orr Road Rod wrote:

Suddenly Wall Street is demanding regulation. It's hilarious. :lol:

The regulation would be to not overextend yourself on shorting of stocks.

Or the ban on naked shorting, which seems to still be an issue.

It wasn't an issue when the rich guys were winning.

Longs have always complained about naked shorting. Honestly who cares?

Investors get so worked up about short sellers. They love when sell side analysts cheerlead and pump stocks. Short sellers are a natural check on overvalued stocks. Why is it ok to pump an overvalued stock but wrong to say it is overvalued and bet against it?

The rich guys will always win in the end.

It's fun to see them squirm in the meantime though.

Terry's Peeps wrote:

The rich guys will always win in the end.

It's fun to see them squirm in the meantime though.

Truer words have never been spoken.

I don't consider the question one of morality, i.e. "good" or "bad". Some guys made a bad bet. They should take their fucking lumps and stop crying about Reddit.

It's great to watch the news act like this is a disaster. "Some hedge funds are taking this really hard." GameStop shortsellers are down $5 billion, which is more than the total value of GameStop. Now they halted sales of AMC.

Joe Orr Road Rod wrote:

Jaw Breaker wrote:

Brick wrote:

Joe Orr Road Rod wrote:

Suddenly Wall Street is demanding regulation. It's hilarious. :lol:

The regulation would be to not overextend yourself on shorting of stocks.

Or the ban on naked shorting, which seems to still be an issue.

It wasn't an issue when the rich guys were winning.

WaitingforRuffcorn wrote:

No reason to be halting AMC.

Just because the price action goes against the institutions they halt it?

denisdman wrote:

Joe Orr Road Rod wrote:

Jaw Breaker wrote:

Brick wrote:

Joe Orr Road Rod wrote:

Suddenly Wall Street is demanding regulation. It's hilarious. :lol:

The regulation would be to not overextend yourself on shorting of stocks.

Or the ban on naked shorting, which seems to still be an issue.

It wasn't an issue when the rich guys were winning.

The complaint isn't against short selling in general...it's when people short without borrowing the stock first.

It's not a perfect analogy, but I am reminded of the arguments against certain derivatives. It's like being able to take out insurance not only on your own house (which you have a financial interest in), but on your neighbor's house. If enough people take out insurance on a home they have no vested interest in, then there is an incentive to burn that house down.

Author:	blackhawksfan [ Wed Jan 27, 2021 8:28 am ]
Post subject:	AMC is the next stonk to go crazy
Already 16 bucks from 5 yesterday. Highly shorted stock. Anyone buying? LOL

Author:	SpiralStairs [ Wed Jan 27, 2021 8:33 am ]
Post subject:	Re: AMC is the next stonk to go crazy
blackhawksfan wrote: Already 16 bucks from 5 yesterday. Highly shorted stock. Anyone buying? LOL This has got to be the beginning of the end. Wall St and the government won't allow us plebs to make money like they do.

Author:	denisdman [ Wed Jan 27, 2021 8:59 am ]
Post subject:	Re: AMC is the next stonk to go crazy
Sry just posted this in the GME thread...

Author:	WaitingforRuffcorn [ Wed Jan 27, 2021 9:01 am ]
Post subject:	Re: AMC is the next stonk to go crazy
I don't doubt that this will all end terribly, but it's glorious to watch it play out. And to see the hedge funds lose billions.

Author:	blackhawksfan [ Wed Jan 27, 2021 9:02 am ]
Post subject:	Re: AMC is the next stonk to go crazy
denisdman wrote: Sry just posted this in the GME thread... Denis, buy 1000 shares of AMC!

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Author:	blackhawksfan [ Wed Jan 27, 2021 9:21 am ]
Post subject:	Re: AMC is the next stonk to go crazy
It's up to 21 bucks. A 335 percent increase. What are the odds this brings down a bunch of firms and snowballs into a market collapse? The market has been propped up since 2009 by the FED and low rates. Maybe this is the endgame.

Author:	denisdman [ Wed Jan 27, 2021 9:24 am ]
Post subject:	Re: AMC is the next stonk to go crazy
Just looking at 3D systems...DDD. About $5 in November, $10 at start of year, and $36 now.

Author:	denisdman [ Wed Jan 27, 2021 9:28 am ]
Post subject:	Re: AMC is the next stonk to go crazy
blackhawksfan wrote: It's up to 21 bucks. A 335 percent increase. What are the odds this brings down a bunch of firms and snowballs into a market collapse? The market has been propped up since 2009 by the FED and low rates. Maybe this is the endgame. I have debated some option plays, but I am going to stay away. I cleared out the last of my trading portfolio in December recovering quite a bit on M and making a three bagger on PINS neutral on T, and sold the last of my holding from my former employer AFG. My long term holdings have gone bananas. I recall being in grad school back in 1998 and 1999 when dot com fever was running rampant. At that time, I wished I had scratch to invest. Now here we are again, and the market is adding six figures to my wealth each month. It will not last, I suspect, but then again government printing presses are going to inflate everything.

Author:	Rod [ Wed Jan 27, 2021 9:30 am ]
Post subject:	Re: AMC is the next stonk to go crazy
SpiralStairs wrote: blackhawksfan wrote: Already 16 bucks from 5 yesterday. Highly shorted stock. Anyone buying? LOL This has got to be the beginning of the end. Wall St and the government won't allow us plebs to make money like they do. This is how you really Occupy Wall Street. Power to The People! Listening to these guys whine like bitches is as sweet as when Sir Larry (not our Sir Larry) jackpotted Gordon Gekko.

Author:	denisdman [ Wed Jan 27, 2021 9:37 am ]
Post subject:	Re: AMC is the next stonk to go crazy
CNBC is going crazy. The commentators jaws are on the ground. Sounds like they’re taking social media heat for trying to pump the brakes. People are going to get hurt. A Retard said it best about putting money away and just letting it sit as the best long term approach. But hey if they take down leveraged hedge funds, I am all for it. The Rise and Fall of Long Term Capital is one of my favorite books....that was Wall Street against Wall Street.

Author:	Rod [ Wed Jan 27, 2021 9:39 am ]
Post subject:	Re: AMC is the next stonk to go crazy
They're all upset because wealth is being transferred in the wrong direction.

Author:	Rod [ Wed Jan 27, 2021 9:41 am ]
Post subject:	Re: AMC is the next stonk to go crazy
Suddenly Wall Street is demanding regulation. It's hilarious.

Author:	Brick [ Wed Jan 27, 2021 9:43 am ]
Post subject:	Re: AMC is the next stonk to go crazy
Joe Orr Road Rod wrote: Suddenly Wall Street is demanding regulation. It's hilarious. The regulation would be to not overextend yourself on shorting of stocks.

Author:	Douchebag [ Wed Jan 27, 2021 9:49 am ]
Post subject:	Re: AMC is the next stonk to go crazy
I bought 55 shares at $4.51 on Monday. I wish I could've got in earlier.

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Author:	Rod [ Wed Jan 27, 2021 9:51 am ]
Post subject:	Re: AMC is the next stonk to go crazy
Brick wrote: Joe Orr Road Rod wrote: Suddenly Wall Street is demanding regulation. It's hilarious. The regulation would be to not overextend yourself on shorting of stocks. So billionaires need to be protected from themselves? What happened to Muh Free Market?

Author:	Rod [ Wed Jan 27, 2021 9:53 am ]
Post subject:	Re: AMC is the next stonk to go crazy
Looks like trading on AMC may have been halted.

Author:	Jaw Breaker [ Wed Jan 27, 2021 9:53 am ]
Post subject:	Re: AMC is the next stonk to go crazy
Brick wrote: Joe Orr Road Rod wrote: Suddenly Wall Street is demanding regulation. It's hilarious. The regulation would be to not overextend yourself on shorting of stocks. Or the ban on naked shorting, which seems to still be an issue.

Author:	Rod [ Wed Jan 27, 2021 9:56 am ]
Post subject:	Re: AMC is the next stonk to go crazy
Jaw Breaker wrote: Brick wrote: Joe Orr Road Rod wrote: Suddenly Wall Street is demanding regulation. It's hilarious. The regulation would be to not overextend yourself on shorting of stocks. Or the ban on naked shorting, which seems to still be an issue. It wasn't an issue when the rich guys were winning.

Author:	Terry's Peeps [ Wed Jan 27, 2021 10:00 am ]
Post subject:	Re: AMC is the next stonk to go crazy
The rich guys will always win in the end. It's fun to see them squirm in the meantime though.

Author:	denisdman [ Wed Jan 27, 2021 10:01 am ]
Post subject:	Re: AMC is the next stonk to go crazy
Joe Orr Road Rod wrote: Jaw Breaker wrote: Brick wrote: Joe Orr Road Rod wrote: Suddenly Wall Street is demanding regulation. It's hilarious. The regulation would be to not overextend yourself on shorting of stocks. Or the ban on naked shorting, which seems to still be an issue. It wasn't an issue when the rich guys were winning. Longs have always complained about naked shorting. Honestly who cares? Investors get so worked up about short sellers. They love when sell side analysts cheerlead and pump stocks. Short sellers are a natural check on overvalued stocks. Why is it ok to pump an overvalued stock but wrong to say it is overvalued and bet against it?

Author:	Rod [ Wed Jan 27, 2021 10:05 am ]
Post subject:	Re: AMC is the next stonk to go crazy
denisdman wrote: Joe Orr Road Rod wrote: Jaw Breaker wrote: Brick wrote: Joe Orr Road Rod wrote: Suddenly Wall Street is demanding regulation. It's hilarious. The regulation would be to not overextend yourself on shorting of stocks. Or the ban on naked shorting, which seems to still be an issue. It wasn't an issue when the rich guys were winning. Longs have always complained about naked shorting. Honestly who cares? Investors get so worked up about short sellers. They love when sell side analysts cheerlead and pump stocks. Short sellers are a natural check on overvalued stocks. Why is it ok to pump an overvalued stock but wrong to say it is overvalued and bet against it? I don't consider the question one of morality, i.e. "good" or "bad". Some guys made a bad bet. They should take their fucking lumps and stop crying about Reddit.

Author:	Rod [ Wed Jan 27, 2021 10:06 am ]
Post subject:	Re: AMC is the next stonk to go crazy
Terry's Peeps wrote: The rich guys will always win in the end. It's fun to see them squirm in the meantime though. Truer words have never been spoken.

Author:	Brick [ Wed Jan 27, 2021 10:10 am ]
Post subject:	Re: AMC is the next stonk to go crazy
Joe Orr Road Rod wrote: I don't consider the question one of morality, i.e. "good" or "bad". Some guys made a bad bet. They should take their fucking lumps and stop crying about Reddit. They lost at their own game. It's really as simple as that.

Author:	Dignified Rube [ Wed Jan 27, 2021 10:12 am ]
Post subject:	Re: AMC is the next stonk to go crazy
WaitingforRuffcorn wrote: It's great to watch the news act like this is a disaster. "Some hedge funds are taking this really hard." GameStop shortsellers are down $5 billion, which is more than the total value of GameStop. Now they halted sales of AMC. No reason to be halting AMC. Just because the price action goes against the institutions they halt it?

Author:	Jaw Breaker [ Wed Jan 27, 2021 10:17 am ]
Post subject:	Re: AMC is the next stonk to go crazy
denisdman wrote: Joe Orr Road Rod wrote: Jaw Breaker wrote: Brick wrote: Joe Orr Road Rod wrote: Suddenly Wall Street is demanding regulation. It's hilarious. The regulation would be to not overextend yourself on shorting of stocks. Or the ban on naked shorting, which seems to still be an issue. It wasn't an issue when the rich guys were winning. Longs have always complained about naked shorting. Honestly who cares? Investors get so worked up about short sellers. They love when sell side analysts cheerlead and pump stocks. Short sellers are a natural check on overvalued stocks. Why is it ok to pump an overvalued stock but wrong to say it is overvalued and bet against it? The complaint isn't against short selling in general...it's when people short without borrowing the stock first. It's not a perfect analogy, but I am reminded of the arguments against certain derivatives. It's like being able to take out insurance not only on your own house (which you have a financial interest in), but on your neighbor's house. If enough people take out insurance on a home they have no vested interest in, then there is an incentive to burn that house down.

Author:	Rod [ Wed Jan 27, 2021 10:17 am ]
Post subject:	Re: AMC is the next stonk to go crazy
Dignified Rube wrote: WaitingforRuffcorn wrote: It's great to watch the news act like this is a disaster. "Some hedge funds are taking this really hard." GameStop shortsellers are down $5 billion, which is more than the total value of GameStop. Now they halted sales of AMC. No reason to be halting AMC. Just because the price action goes against the institutions they halt it? Free markets until they don't work for me! Where is Milton Friedman when we need him?

Author:	Rod [ Wed Jan 27, 2021 10:22 am ]
Post subject:	Re: AMC is the next stonk to go crazy
Jaw Breaker wrote: denisdman wrote: Joe Orr Road Rod wrote: Jaw Breaker wrote: Brick wrote: Joe Orr Road Rod wrote: Suddenly Wall Street is demanding regulation. It's hilarious. The regulation would be to not overextend yourself on shorting of stocks. Or the ban on naked shorting, which seems to still be an issue. It wasn't an issue when the rich guys were winning. Longs have always complained about naked shorting. Honestly who cares? Investors get so worked up about short sellers. They love when sell side analysts cheerlead and pump stocks. Short sellers are a natural check on overvalued stocks. Why is it ok to pump an overvalued stock but wrong to say it is overvalued and bet against it? The complaint isn't against short selling in general...it's when people short without borrowing the stock first. It's not a perfect analogy, but I am reminded of the arguments against certain derivatives. It's like being able to take out insurance not only on your own house (which you have a financial interest in), but on your neighbor's house. If enough people take out insurance on a home they have no vested interest in, then there is an incentive to burn that house down. That raises the question- and I admit that I'm not sophisticated enough to answer it, maybe Dennis can (no sarcasm)- why do we allow this casino style nonsense anyway? I get the original point of a stock market- so companies can raise capital. But what is the point of shorting and indexes and derivatives other than allowing a bunch of guys who don't produce anything tangible or positive for society to make obscene sums gambling?