Wow, my AMC stock is on fire!

[bif]

I bought it originally at $16. Then the pandemic hit and it fluctuated between $2 and $6. I told everyone to keep buying it at 2 and sell it at 6. You could triple your money every week or two Now it's getting the Gamestop treatment. It went from $30 to the mid-60s today! They had to halt trading for a while this afternoon. I think I'll ride it up to $300 and then unload it.

[rzemanfl]

1. Sell enough to get your original investment back, then gamble with the casino's money.

That's my unsolicited advice.

[ColinC]

6. Works for me

[bif]

14. That's what I was considering doing

But it's only a small part of my portfolio. And if I lost it all, it wouldn't be a huge deal. Plus I played it safe with Tesla a couple years ago. I bought it at $200 and sold it at $280.Then it went up to $1,000, split and then climbed up again. Didn't lose money, but didn't make a lot either. So I'm going to take a chance and see where it goes over the next week or so.

[rzemanfl]

15. Good for you. BTW

For the Love of Spock on Netflix may deserve a review.

[bif]

16. Thanks. Just added it to my queue.

I was a huge Star Trek fan growing up. I rarely review docs, but you never know!

[rzemanfl]

17. I think you will enjoy it. n/t

[WA-03 Democrat]

2. So this is just a momentum play?

All time high at +$60 and doubling today and you believe it will hit $300 after a ride. What makes you think it’s going to go up $240? I didn’t understand GameStop other then it’s a giant bubble. Tesla stock I consider the same.

[Pantagruel]

3. "I think I'll ride it up to $300 and then unload it."

You might want to check what the "insiders" and officers of the firm are doing with their stock?

[ColinC]

5. Nobody knows. Hopefully everybody buying into it treats it like the gambling it is

And doesn't spend more than they can afford to lose on it.

[WA-03 Democrat]

13. AMC up 3000% YTD

And it is down to $45ish today. It’s been the best performing US stock this year second only to GameStop. Let’s assume it snaps back to $60.

I looked at AMC debt. It’s not in a good spot. It is a meme Reddit stock for sure.

Where do you following the market and look for advice? I am interested in reading more and have played “mania” stocks in the past (dot.com boom). I had then and made it “safer” was what I thought was a good social internet group pitching ideas and strategies. It worked and I greatly benefited. I have no idea where these are discussed and which ones are better or best to watch.

[ColinC]

4. I bought 10 at 13 and sold at 26. Then bought 20 at 50 and am holding short term.

If it does a GameStop, I'm going to sell it and put it all back into dogecoin, which was largely depleted due to my wedding.

[Sneederbunk]

7. Did not know they still made Nash Ramblers.

[jimfields33]

8. Im waiting for my carnival stock to do this

I bought at 9 dollars and bought a lot more at 12. Now it’s 30. I’d love it to go to 300 or more. Lol.

[TheRealNorth]

9. Sounds like a pump and dump

If you already have stock in AMC it probably would be an opportune time to cash in.

Otherwise, you're just hoping a bigger fool will come along to buy the stock at a higher price.

[ColinC]

12. Lots of bigger fools who rely on bigger fools who help crash hedge funds

Trying to short it.

[Tomconroy]

10. I'm beginning to think that the Reddit stock craze,

The SPAC phenomenon and the crypto currency craziness may be enough to tank the market.

[multigraincracker]

11. Wow, you did great.

Can I borrow five bucks?

[Best_man23]

18. I bought 400 shares at $11 on a limit order

Sold half the position this morning at $52. Risk is off and what's left is the house's money.

[bif]

19. Good for you!

I was considering doing that, but I always make conservative moves like that. And I often regret selling too soon. So I'll see if it makes another big runup. I looked at the Gamestop chart and I think I'll use that as an example. If I lose it all, oh well!

[bif]

20. Well, I played it safe and sold enough to cover my initial investment.

So now I have 300 shares that I don't have to worry about. If it goes sky high I'm golden. But I think these meme stocks or whatever you want to call them are going to be short lived. But that's what I said about bitcoin too!