โBig Shortโ investor Michael Burry believes Reddit-favored meme stocks are set to crash like the dot-com and housing market bubbles of previous decades.
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So why is amc pulling on back? Let's get on team, it's ricky with tackle solutions, just a little heads up, letting you guys know, i'm still holding 2000 shares i'm down 15 000 or 14 000 on the day. You know i've said this so many times before. If i want to partake in those huge pushes that it's had before right, i was here when it pushed up to highs of seventy seven dollars. I made seventy thousand dollars in a day.
You really think i'm gon na complain about a seven percent pullback. It's part of the process right. The only people freaking out right now are the people that were not prepared to buy more or to be able to buy more, it's not even about buying more, but to be able to buy more the option at these lower levels. The people that are fully invested - and you can see their emotional comments down below if you are someone that is uneasy - that you feel like an emotional mass.
It simply means that you have too much money behind your trade. Amc is a risky stock, but it comes with great potential. Does it mean that it has to play out that way? Of course not there's two sides to every opportunity and you should not be discouraged to think about it or to prepare for it or to talk about it right. It's common sense, very common support level at fifty dollars a share, very common uh resistance level right around sixty to sixty five dollars a share on the technical side.
It makes sense on why amc is pulling on back. 100. Fundamentals are not there on the technical side. It's been sideways for two to three weeks: it's losing its momentum, 100.
There's, there's so much attention elsewhere. Right now, with the overall market, you shouldn't be mad at anyone. It's just how the stocks work right because of this pullback right. I have 2 000 shares.
I have a hundred thousand dollars. I love to be able to buy more. I love to double my position when it makes sense right so if it pulls on back to the sma line just like it did last time right pulls on back and we get indication of reversal just know that i'm going to be right there if we get Proper indication over reversal, i love to buy the dip and ride the recovery with all of you guys, but if amc continues to sell off, then guess what i'm going to do. My part in managing my position, size and managing my risk, as everyone else should right.
The only people - i can't stress this enough - the only people that freak out not just on amc but on any stock when the market pulls back or when that stock pulls back are those that were not prepared, those that were fully invested at those higher levels and That have no more money to buy at the lower levels. Those are the people that are complaining down in the comments section about. Oh, my god, like amc, why are you talking about it? Pulling back because it's something that people need to prepare for that that i'm all for i need! I want amc to go to the moon right. We all do, but we can't be scared to talk about the risk involved. It's it's well! It should only be that much more encouraging to only take advantage of opportunities that make sense to you, and the only way that you can make sense of a trade is by understanding the risk, the opportunity costs for how much upside versus how much downside. So again, i'm not here to convince you to get into it as i'm not here to convince you to get out of it. Do your part in setting your future self up for success, position size and making sure that you mitigate and manage risk. So i'm excited to follow up with amc at these levels to see if it continues to hold.
If it continues to bleed, then guess what you know, i'm gon na have to reduce my position, size, uh and see once it actually begins to find a support level. I can buy more at those lower levels and then ride the recovery. The only other stock that i want to talk about as of right now is tesla. Tesla hit 700 a share for about one millisecond today and quickly pulled on back.
It's making lower lows and lower highs. Tesla reported today that it delivered over 200 000 vehicles for q2, which is the most that it ever reported, acted as a positive catalyst, shot up quickly, pulled on back and guess what i started. Shorting. It kidding just trigger warning right.
People get so offended if you begin to short tesla, but um definitely makes sense on why it's pulling on back. Definitely great news just isn't holding um at those higher levels. Now it's pulling on back if it breaks below sma line. It wouldn't really surprise me if it breaks down back to 670, so i might actually take it short now.
Actually thinking about it, but the last thing that i want to share with you guys is actually we're looking pretty good right now on amc, if we break above vma i'll, probably add more i'll, actually add more right now, so just for the sake of the live Stream, but how many of you guys are excited to buy the dip on amc? Let me know down in the comment section, so i'll buy 500 more shares right now. Here we go. Let's buy 500 more on the weeble platform. There we go.
You got filled at 50, 45., we'll see if higher highs, form and we'll follow up with it. The last thing that i want to, let you guys know, is that the shop tech beside we just came out with our wall street collection. We do not restock once we sell out, and i can almost reassure you that these hoodies will sell out today. We don't have a lot of them, but these are fishtail scalloped tees.
So if you guys want to check any of them out they're on the shop techbud site, that's going to be that third link down in the description. Um and all of these items are live now. They just went live today, so i hope that you guys enjoy them. That's on shoptechbuds.com, but i really do appreciate you guys time.
I hope that we earned your thumbs up um. I wish you guys nothing, but an amazing fourth of july and amazing safe weekend. Please be safe out there and we'll see you at market open for our live trading session um and if you guys want to join us, that's that second link down below. Like always, let's make sure that we in the year on agreed now take it. .
Itโs dropped dramatically, do you think itโll reach back to $55+ a share? Is it worth to buy now?
Donโt buy Hoodies ! Buy AMC Stock ! Buy Hoodies later, buy better Hoodies later. We all got Hoodies, donโt nobody need a Hoodie now, itโs like 100 deg F outside at night !
so you did called for the dip current time 7//06/2021 , $49.59. so since this week have the FTD limit date guessing by this friday ? maybe
now whats your thought on this ? what do you think show me your kung fu !!! lol please share your opinion for entertainment purpose
I bought the dip on AMC stock today. I hope AMC keeps going down so I can buy a few more shares. I`ve been waiting for AMC to go down in price again.
AMC CRASH IS COMING? (BUYING MORE)
Trading is all about market experience, forecasting and signals. It's also essential to learn to read charts. Without a guide it will take a lot of work and losses before a newbie can start profiting.
Looking for a squeeze check out carv ..68% of the float is short the float is 399k according to short squeeze ..this is more of a cause to save a company than amc
I'm struggling in this market. Stocks that I have held for months and made profits from are not behaving the way I'm used to so Iโm quite indecisive on how to further tackle this market, any advise would be grateful.
This guy day trades AMC and just flaunts his earnings in exact amounts๐ you make bank, but are also a tool
I brought in 580 shares @18.80 .Still up 280%. Not Panic at all๏ผ ๐
They watch you too much. You're a shill.
Holding 860 shares til the hegies pay me for them!
Iโve finally got over the PDT rule but that moneyโs in AMC. Not selling tho just to day trade unlimited.
What is the difference between index funds like s&p500 and Dow jones
DAY TRADERS DON'T WANT IT.
MOMENTUM TRADERS CANT TIME IT.
SHORTS CANT AFFORD IT.
APES FxCKING LOVE IT…
I have my life savings on it if it doubles il retire if not il be 6 feet under
You know something funny? Citadel and its subsidiaries manage employer-sponsored retirement funds. I would suggest checking with your employer to see if your retirement is being managed by them. And if you are fully vested, i would suggest doing what i did and cash that shit in. Because it will take their liquidity away seeing as how they risk YOUR retirement money on these monumentally stupid bets against meme stocks. Cash it in before they lose it.
remember that there is a reason they put a comments section in webull. Ken griffin just said they use an algo to guage market sentiment by analyzing what we say in comments on social media. quit showing your emotions and their strategy fails.
Do you have a great Fourth of July as well brother!
I wonder what the best opportunities to invest now are, there are opinions but a little later I find out these opinions don't matter as a totally different turn of events play out with the stocks they discussed therein…
I'm short @ $63 … So much fuss over a company that only has positive cash due to share sales. Stay short forever!
No offense, but a lot of people may just glance at your video thumbnail and title, get the wrong idea, and sell their shares.
You are still holding 2000 AMC shares! you are the definition of a diamond hand โ. You deserve to make lots of money.
Stop worrying everybody….amc will be fine.
Average analyst price target of $3.00, trading sideways with slowly descending resistance, falling volume, overall market at all time highs and primed for a pullback. Might get lucky on a quick scalp to the upside but downside risk is huge at this point
Hi there does anyone think that tesla is going bullish or bearish by the end of this year because michael burry shorted tesla saying that is too overpriced base on fundamental. Or tesla will be bullish by the end of this year.
Happy that you decided to join us in this movement
I was glad for the dip, bought more shares @ $48, holding 675 shares strong!!
Burry makes money from shorting. Of course he's gonna say what he said. In fact, most of "memes" are hedgies push-and-traps. The only real threat is AMC.
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I still own 3,000 shares of AMC stock, I only plan to buy more if the opportunity presents itself!