Ugh don't get me started...

    AMC follow up

    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. 

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!