AMC to $100?

[QuarterMillionMan]

I was intending to short it at $35, glad I didn't because today it's $62. Tomorrow I might take a long position and ride the momentum to $80 or even $100.

[disneysteve]

It's pure speculation. Gamestop all over again. It was up 95% today for absolutely no fundamental reason. Just a bunch of yahoos on Reddit deciding it should be. Their ongoing ability to manipulate the market so rapidly and extremely is really concerning.

If you do buy in, I hope you can watch it like a hawk and are able to get out quickly when things turn around.

[Jluke]

Set a limit order to sell

[disneysteve]

Set a limit order to sell

Which is a good idea but doesn’t always work. If the price plummets quickly it can blow right past your order. Or as happened with GME trading could get halted for some reason.

[QuarterMillionMan]

Limit orders confuse me. Sometimes my limit orders gets filled, other times not. Or sometimes only partial of my limit order gets filled. Confusing. GBTC, the Grayscale bitcoin trust comes to mind. It would not let me place market orders. I could only place limit orders. Some penny stocks as well.

[QuarterMillionMan]

Last night during after hours AMC topped about $75, woke up this morning at 8:00 am and now $45. Fired up my laptop, logged into my account and just for kicks tried to sell short just 3 shares of AMC at $45 a share but my order got rejected. Can anyone explain why?

[disneysteve]

Last night during after hours AMC topped about $75, woke up this morning at 8:00 am and now $45. Fired up my laptop, logged into my account and just for kicks tried to sell short just 3 shares of AMC at $45 a share but my order got rejected. Can anyone explain why?

They may not be accepting short sales of the stock at this time.

[disneysteve]

Playing with these Reddit stocks that are being wildly manipulated just for the hell of it is about as risky as can be. There is no guarantee that you can get in or, more importantly, get out when you want to. Trading was halted a few times on AMC yesterday I believe. Short selling, limit orders, none of that matters when stuff like this is happening.

I'll contentedly watch it from the sidelines and if I want to gamble, log into the online casino or take a drive to the real one.

[Scallywag]

AMC's warning to retail investors over its new attempt to raise money is STARK and BLUNT.

Be prepared to lose it all it all if you buy the stock!

BANG stocks - BlackBerry/Bed Bath & Beyond, AMC, Nokia and GameStock - are just makes market manipulations. Beware!

[LivingAlmostLarge]

AMC's warning to retail investors over its new attempt to raise money is STARK and BLUNT.

Be prepared to lose it all it all if you buy the stock!

BANG stocks - BlackBerry/Bed Bath & Beyond, AMC, Nokia and GameStock - are just makes market manipulations. Beware!

I thought AMC issuing new stock and their statement about it being a risk is amazing. It's straight up gambling at this point. I don't like cramer but he's right. A person should not be shorting AMC, GME, or any of these meme stocks you will lose your shirt. They are completely disconnected to the fundamentals. It's all bound up by people using Social media. But someone's gotta be holding the bag

AMC is brilliant. They are "worth" more than Delta Airlines (um what the hell a $31 billion dollar company)? No way. But then the people are buying and it'll be interesting when it will start to be sold.

[btctony]

Limit orders confuse me. Sometimes my limit orders gets filled, other times not. Or sometimes only partial of my limit order gets filled. Confusing. GBTC, the Grayscale bitcoin trust comes to mind. It would not let me place market orders. I could only place limit orders. Some penny stocks as well.

It's because when you set limit orders, even if there is not a buyer for 100%, part of the trade will still execute.

[scfr]

10 years from now it will be interesting to look back and see if there has been an internet-age Wizard of Oz yanking the chains of the WSB traders. Herbert Hunt (of Hunt Brothers fame) is still alive, isn't he?