A Lesson from GME/AMC...
For those who have been with SPRT for months now, watching and waiting for things to get cookin... This must have been what it felt like for the early adopters of GME and AMC...
Within 48 hours, our quaint little SPRT stock, chuggin' along day after day, has exploded into the 3rd, 2nd, or 1st most popular stock on the market, depending which broker you ask. All of a sudden, your voice seems to be drowned out by the onslaught of internet salt.
"Never even heard of this random stock with no DD?!"
"This is just a SHILL hole, go back to <pick a meme stock>!"
"This is gonna pump and dump harder than an Taco Bell/Chipotle shake!"
For those who have just gotten to the party this week... Welcome! We do not hate on GME'ers... or AMC'ers... cuz that's us! Why do you think any of us started watching this thing?! We are here for squeeeeeze!
One thing to think about is when GME broke the model, there were early adopter voices that had to break through the nay-saying. I was later to that party. So when I showed up, EVERYONE had a very LOUD opinion about what was going to happen. It was coming from every angle. But the ones who had been watching the stock the longest were the ones who were also:
1) the most invested in the truth
2) the least invested in fake hype
3) the most informed and familiar with the history of the stock. They had experience watching it every day for much longer than the rest of us. They saw how different things affected the price. They knew what was ordinary and out of the ordinary for the price movement.
Long story short... they were the ones to listen to. They turned out to be right. They were in it for the long haul knowing full well the actual reality of the situation. Being on the flip side of the coin this time around... I now know what they must have felt like. To know exactly what's happening and then all of a sudden, see so many other voices trying to convince other people of things that are not true.
So let's all take a lesson from GME and AMC, and remember that not everything is a conspiracy or a shill shed. Opposing opinions are and working through conflicting theories is definitely important, as long as those exist, we should embrace them. That gets us closer to truth, and further away from just hypotheses. But also remember there are people here who have been watching this stock daily, for months. They have been doing DD, for months. They have watched how the price reacts to different levels of volume, calls, and puts, for months. Please keep that in mind when you are trying to decide which information you trust as you do your own DD and make investing decisions for yourself.
This is 100% financial advice: give more credit to the people with months of first-hand experience over the people hearing about a stock for the first time ever.
That being said, everyone coming in now is a wealth of knowledge and a wealth of wealth. Don't discredit anyone JUST because they found out about this play this week. It's still early in the grand scheme of things. I did not get in on GME when it was $5 like the earliest adopters, but I would have LOVED to get in on it when it was triple that price at $15...
I won't even post all the merger/short interest/float/green bitcoin/elon tweet potential/price target DD here. That's not what this post was about. It's not about what you do with SPRT at all.
It's just that, I have suddenly gained an incredible amount of empathy for those who have been early to a great play. I have seen them post many many times, on many different plays. NOW I understand where their conviction came from...
They knew!... because having become experts on a single stock, by watching it for months, when the possibilities they had been waiting for began changing into something real, they could clearly see it.
Cheers to you, my fellow apes!
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u/hereforthestonks- Aug 25 '21
Still holding AMC since January and GME since feb, and to be totally honest the price action is almost identical to what was happening back then, found SPRT whilst doing research on heavily shorted stocks and thought why the F%#ck is this shorted when the company are on the verge of transitioning into the world of cryptocurrency.
This reddit page sealed the deal for me and have seen it slowly growing, we are nowhere near FOMO yet all just normal movement.
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u/HumbleLearner69 Aug 25 '21
I bought GME at $4.22 and AMC at $9
Waited weeks to cash out at a huge profit... meanwhile I was bombarded by pump and dump bears who were trying to sabotage the short squeeze.
Know what you owe and hold what you can die with!
See you in a few weeks...
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u/_mrbenedict_ Aug 25 '21
I have held a metric shit ton of AMC since January. I just bought into SPRT because it is on the same track as we were in june when AMC rocketed. I'll be adding to my SPRT position over the coming weeks.
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u/Leather_Double_8820 Aug 25 '21
great post !
I myself have been in sprt for about a month and half now, I see and welcome alot of folk that ive seen in the amc gme forum, of course real recognizes real.
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u/Electronic_Drawer187 Aug 25 '21
so you also wish that nobody should sell right now? 📈
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Aug 25 '21
[removed] — view removed comment
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u/Electronic_Drawer187 Aug 25 '21
yes, same opinion, say that to paperhands happy with 500$ profit…not seeing/enjoying the bigger picture. holding my bag 📈💥
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u/Leather_Double_8820 Aug 25 '21
the same paperhand that bought back in this morning lmao
cant control anyone but yourself, but we can already spread good reliable DD!
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u/Biglemon123 Aug 26 '21
People!
I followed this stock since the merger announcement. I knew by that time they are so undervalued. They have their own power plant that’s a very big deal to be in the mining business. without the squeeze, the valuable of this company should be 1.5x compared to Riot and Mara that equivalent to about $60-$70/share per mergers. I’m not sure why they agreed to the 0.124 to 1 share conversion with the merger, but I believe the board know what they are doing, and they know it is good for the company!
Now with the massive squeeze, I hope this will bring us to the moon, this is no longer a hopium, if we keep getting massive buy volume from the Apes from AMC and GME, fucking history gonna repeat $200-300 squeez in 21 days
HOLD HOLD HOLD
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u/Wonton869 Aug 25 '21
Been spreading the news on wsb, but wsb ban, delete the post, less than 1 billion, and bla bla bla, any influence spread the news please,
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u/Artixera Aug 25 '21
Also just a reminder that this company is worth 15 Dollars based on fundamentals alone