AMC follow up

    Posted by matt on 27th of May 2021 at 05:45 pm

    AMC - Chart Link

    Update: AMC follow up

    Posted by matt on 28th of May 2021 at 09:39 am

    AMC - Chart Link- LOL the kind of market we are in

    that AMC is up 150%

    Posted by matt on 28th of May 2021 at 09:40 am

    that AMC is up 150% since I posted it on Tuesday morning as a long idea crazy

    If I had the discipline

    Posted by retirefire on 28th of May 2021 at 09:48 am

    If I had the discipline to hold it from 10.32 I'd be that yacht on your website sending the weather updates LOL

    Ugh don't get me started...

    Posted by lapri24 on 28th of May 2021 at 10:07 am

    Ugh don't get me started... AMC from $8, MARA from $4, NVAX from $13, MRNA from $25...

    Yeah I know, lets exhale

    Posted by retirefire on 28th of May 2021 at 10:09 am

    Yeah I know, lets exhale have nice weekend and start fresh and trade what's in front of us. (note to self)

    AMC - I've found these

    Posted by elementsix on 28th of May 2021 at 10:21 am

    AMC - I've found these meme stocks often trade in an incredibly technical manner... despite the thought that many of the reddit investors are "buying and holding for the moon".

    Bought AMC $35 calls cheap near the close yesterday (stock around $26) with a  $36 target using the 1.618 fib projection. Exited at 9:32 this morning when it crossed above $36 for an easy profit. I made the same type of trade in January but the stock blew through the fib target before i could sell which really worked out in my favor. In that case I scaled out as it was "mooning". 

    There is some easy money to be made on these meme stocks in my opinion but you have to be disciplined and take profits quickly. You can always reenter a trade if it sets up again. 

    well we all should have

    Posted by matt on 28th of May 2021 at 09:55 am

    well we all should have just bought AMC on Tuesday morning after my post and called it a week LOL.

    these are crazy times the last couple years with the moves in various things, beyond even what I saw in 1999 with the internet stocks

    i second that crazy times

    Posted by srusso1 on 28th of May 2021 at 11:48 am

    i second that crazy times do you think more blackbox computer trading and larger stimulus ? Steve says trad what's in front of you .Thanks for all you guys do.

    The whole thing has been

    Posted by mla127 on 28th of May 2021 at 10:05 am

    The whole thing has been turned into a massive Draft King  ... lol ...  just between the "gamification"of it and the insane amount of liquidity thrown out by the fed ... it's surprising we don't even see more of this  ...  ;) ... 

    Next time one surfaces just

    Posted by retirefire on 28th of May 2021 at 10:04 am

    Next time one surfaces just devote the entire newsletter to it ! LOL!!

    No doubt. Look at GME

    Posted by fundamentalvalues on 28th of May 2021 at 10:02 am

    No doubt. Look at GME too, trading at $256   

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