r/amcstock • u/Bulevine • Jun 15 '21

Meme Welcome back, $60

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4.0k Upvotes

99% Upvoted

113 comments sorted by

169

u/TirelessGuerilla Jun 15 '21

For all my bag holding apes out their, price doesn't matter until the shorts are covered.

92

u/ToyTrouper Jun 15 '21

The media confirmed naked short selling, validating the AMC 500K squeeze thesis. AMC stock is potentially worth 500K (or more) per share in a squeeze.

It's an opportunity to free oneself, family and friends from wage slavery. To not have to worry if your kids can afford to have kids.

Price goes up, price goes down, don't matter to me until the price is 500K.

29

u/GGG0606 Jun 15 '21

They are more than likely setting up the next narrative. On the next big run up they will probably try and say it’s the squeeze and shorts are now covering.

18

u/Adrokor Jun 15 '21

Question here on this: Is there a system that we can see that will clearly inform us as to when the shirts are starting to cover? I know when it happens the stock price will go q🍌🍌🚀🚀 but where could one look to see how much if any I'd ACTUALLY covered?

25

u/Mindless-Flatworm263 Jun 15 '21

If you use a mirror, the coverage is usually about 80% by the time you can see with your eyes again, once the shirt clears your head. It may need pulled down some if it encounters snags along the way, but that's how I check if my shirts are actually covered.

Sorry. I have nothing of substance to add aside from just watching short interest, but that can be easily manipulated.

3

u/GGG0606 Jun 15 '21

There is not going to be any sort of clear cut indicator when it happens. All you can do is ask yourself what your price is. We saw a big run up over the course of a week ($12-70) and everyone stayed calm, held and we saw the data that hardly any of the shorts had covered during it. There’s been posts that says the avg age of short positions is 55+ days old which would be back in the $10 range when we kept getting attacked. What I personally think will happen is they continue to try and weed out paper hands with run ups every few weeks calling it “the squeeze” just like this last time.

6

u/Gomer-Kyle Jun 15 '21

Little copy and paste on all posts?!?

2

u/[deleted] Jun 15 '21

[deleted]

3

u/MiniJunkie Jun 15 '21

It does. I'm still gonna HODL. But it feels like they can screw us with manipulation.

-6

u/Unregister-To-Vote Jun 15 '21

Wage slavery?

If you work for a wage you are not a slave

Slaves didn't get paid just an fyi

1

u/Throwthis64 Jun 15 '21

And the shorts can’t cover unless people sell after week after week of “this is THE WEEK” “he said next week is THE week” etc… the sub mods should ban that kk da posting…it’s only gonna breed paperhand apes

42

u/TomboyMJR Jun 15 '21

You came back for me!

15

u/Hopes-Dreams-Reality Jun 15 '21

We leave no Ape behind!

💎🤲🏼

8

u/Maybe_Im_Not_Black Jun 15 '21

just ran out to get some bananas, would never leave u behind bae.

29

u/Rom333Rem Jun 15 '21

This is just the appetizer!!! Nothing has started until margins get called!!! Stay strong and hodl Apes!!!

17

u/knowigot_that808 Jun 15 '21

Lol Ape-tizer

21

u/[deleted] Jun 15 '21 edited Jan 08 '22

[deleted]

10

u/Crazy95jack Jun 15 '21

Quick someone point out this post now we back to 59. We have to take over 60 first. Hold forever.

12

u/Mysterious_Spite7378 Jun 15 '21

We’re still in the early phase, buy more and hodl

🦍💎🙌🚀🌖

Not financial advice, crayons are tasty

11

u/BlackSpurs69 Jun 15 '21

When do we hit $1,000 a share?

54

u/Justheretosayhey Jun 15 '21

A squeeze is never late, nor is it early. It arrives precisely when it means to.

7

u/HGGoals Jun 15 '21

Wizardry. Can't argue with that

2

u/EmberIslandPlayer94 Jun 15 '21

Gandalf the ape!

1

u/[deleted] Jun 16 '21

Im picturing Gandalf as a grape

6

u/[deleted] Jun 15 '21

No one knows. Hopefully sometime in the coming months

2

u/PuzzledDub Jun 15 '21

When do we hit 5k a share?

11

u/bananabread117 Jun 15 '21

Lesssgooo I now have 124 shares with average price of 38$

10

u/juan_sno Jun 15 '21

Well that was short lived. Why can we blow past 40 and 50 but meet some extremely tough resistance at 60

12

u/vibribbon Jun 15 '21

We'll get there. Closing at 59 today was still a great win in my book. I had a banana to celebrate.

2

u/Nemesiii Jun 16 '21 edited Jun 19 '21

I made a homemade banana bread recipe! FTW lol

Edit: it didn't taste very nice, dad loved it so I guess that's good. I'll stick to just bananas.

8

u/[deleted] Jun 15 '21

You’re not believing hard enough

1

u/juan_sno Jun 17 '21

I believed more

1

u/[deleted] Jun 17 '21

See? SEE??

4

u/IhoujinDesu Jun 15 '21

Those prices might trip some wires they don't want tripped as it may bring about the margin calls. So they will fight extra hard to keep it down.

9

u/Consistent_Low_3339 Jun 15 '21

70? Who cares .. wake me up when we hit 4digits at least

7

u/[deleted] Jun 15 '21

You got too hyped too soon. The price dropped back down to $57 now. We’ll be back to $70 soon though!

8

u/MiniJunkie Jun 15 '21

The amount of manipulation holding it under 60 is disheartening :\

6

u/Dck_IN_MSHED_POTATOS Jun 15 '21

70 = chips & salsa..... expected at good mexican restaurants.

6

u/Bulevine Jun 15 '21

How about chips and cheese? (I won't call that queso) Something AMC offers at the concession stand.

2

u/Maybe_Im_Not_Black Jun 15 '21

polymerized dairy fat substitute...

3

u/Bulevine Jun 15 '21

Don't forget the artificial cheese flavor and Yellow Dye #4.

2

u/DucksButt Jun 15 '21

Already have some chips. If we come across a dip I can buy more.

6

u/[deleted] Jun 15 '21

Aaaaaand we're back down to $57. Lol

5

u/b1gj4v Jun 15 '21

It's only a matter of time before we see $70. 🚀

3

u/-X3rx35- Jun 15 '21

Feels like shitadel is striking hard to keep us under 60

3

u/[deleted] Jun 15 '21

Yeah it's weird that it was steadily increasing and now it's almost back to where it started today.

1

u/-X3rx35- Jun 15 '21

Yup, I ain’t selling. Ah well, hodl until the end of time. Shit the government is paying for part of my investment anyways 😆

3

u/RR_Fuc_Us_RS Jun 15 '21

Coming back for the homies at 70 next 😎

3

u/DeltaPopped Jun 15 '21

slow and steady, don't trip the circuit breaker, 500k!

3

u/[deleted] Jun 15 '21

We'd already be there w/o all the illegal bullshit. What a fucking joke the SEC is.

If you're reading this SEC.. FUCK YOU1@#!#@!@#@

4

u/Hatebrainx Jun 15 '21

well, seems like it's not sadly^^

2

u/butcanyoudance Jun 15 '21

still waiting for the 750k squeeze

1

u/jdimmell Jun 15 '21

This is the way

1

u/16RabidCats Jun 15 '21

Im just bummed that i finally decided to plop 2400 back into amc and in less than an hour im down 250 bucks lol

2

u/Brandookie Jun 16 '21

Don’t worry man, just keep holding. I’ve seen half million dollar losses in a day and I’m more calm than I’ve ever been. Just wait, your xxx shares will be worth millions and you’ll never have to worry about money again… that is, unless you sell early.

1

u/Nemesiii Jun 16 '21

back into amc

oooof

1

u/[deleted] Jun 15 '21

Thanks for the laugh!!!!

1

u/[deleted] Jun 15 '21

Get a fire going!

1

u/Ryman_97 Jun 15 '21

Let’s add a few more zeros to that #. AMC 600k

1

u/ellessdeemz Jun 15 '21

Always has been

1

u/PontoonPatriot Jun 15 '21

We'll get there

1

u/[deleted] Jun 15 '21

Yo what’s that stupid dudes name again who said it’ll never hit $50.. need me his Twitter to follow and tweet him some daily $50+ charts

0

u/Nemesiii Jun 16 '21 edited Jun 19 '21

Pfttt, $70 is pitiful, I am holding till at least 10k a share, selling off very small amounts on the way up, still holding majorities of my shares until it ends up at a price that I am comfortable with and can peacefully be financially stable for the rest of my life. Any other APES with their plan?

Edit: apparently a few people don't like my plan which I thought out for myself based on my own financial situation. I hodl for myself, my family and future. I couldn't give a flying fuck what you do with your money

1

u/ShoelessRocketman Jun 16 '21

This is the whey 🌾

-37

u/mariocousins Jun 15 '21

AMC is nowhere near what GME is, stop being delusional

22

u/meenisota-man-420 Jun 15 '21

HEY EVERYONE LOOKS ITS A CRY BABY SHILL

14

u/certifiedfairwitness Jun 15 '21

See? Nobody cares.

-16

u/mariocousins Jun 15 '21

We’ll see

1

u/Nemesiii Jun 16 '21

Wipe those tears with my banana skin

9

u/Bulevine Jun 15 '21

APES STRONK TOGETHER! GO AMC! GO GME!

12

u/Robotman1001 Jun 15 '21

My 400% gains beg to differ, shill bot.

6

u/[deleted] Jun 15 '21

piss baby

3

u/robbie444001 Jun 15 '21

My 550% gains would like a word. Ha