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25,882,464 Views | 235300 Replies | Last: 18 hrs ago by M4 Benelli
McInnis 03
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AG
McInnis 03 said:

Goodbye paper futures, hello live futures.

Working a scalp on /NQ here, went long at 13527
Closed half the position and moved stop to break even on remainder.
$30,000 Millionaire
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AG
We could have a R/G day today. See touch of the 21, which is healthy. Watch for a reclaim of the 8.


You don’t trade for money, you trade for freedom.
McInnis 03
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AG
Somebody is talking my new language.
Farmer @ Johnsongrass, TX
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I'm dumbfounded. Maybe AMC should talk to their in-house legal team....or, maybe they did..

https://www.marketwatch.com/story/heres-amcs-blunt-new-warning-to-prospective-buyers-of-its-new-stock-offering-11622724514?mod=bnbh

Quote:

AMC Entertainment Holdings on Thursday announced a new stock sale to take advantage of the extraordinary retail interest that has driven the movie-theater chain's equity up by 2,850% this year.
AMC's AMC, +95.22% lawyers are apparently as surprised as anyone so much so that the company added a fresh risk factor to its 11 millionshare sale, which basically boils down to this warning: Prepare to lose everything if you buy the stock.
The following is the full, extraordinary warning (bolded and italicized text reproduced as in AMC prospectus):
The market prices and trading volume of our shares of Class A common stock have recently experienced, and may continue to experience, extreme volatility, which could cause purchasers of our Class A common stock to incur substantial losses.
The market prices and trading volume of our shares of Class A common stock have recently experienced, and may continue to experience, extreme volatility, which could cause purchasers of our Class A common stock to incur substantial losses. For example, during 2021 to date, the market price of our Class A common stock has fluctuated from an intra-day low of $1.91 per share on January 5, 2021 to an intra-day high on the NYSE of $72.62 on June 2, 2021 and the last reported sale price of our Class A common stock on the NYSE on June 2, 2021, was $62.55 per share. During 2021 to date, daily trading volume ranged from approximately 23,598,228 to 1,253,253,550 shares. Within the last seven business days, the market price of our Class A common stock has fluctuated from an intra-day low of $12.18 on May 24, 2021 to an intra-day high of $72.62 on June 2, 2021, and we have made no disclosure regarding a change to our underlying business during that period, other than with respect to an additional financing.
We believe that the recent volatility and our current market prices reflect market and trading dynamics unrelated to our underlying business, or macro or industry fundamentals, and we do not know how long these dynamics will last. Under the circumstances, we caution you against investing in our Class A common stock, unless you are prepared to incur the risk of losing all or a substantial portion of your investment.
Extreme fluctuations in the market price of our Class A common stock have been accompanied by reports of strong and atypical retail investor interest, including on social media and online forums. The market volatility and trading patterns we have experienced create several risks for investors, including the following:


the market price of our Class A common stock has experienced and may continue to experience rapid and substantial increases or decreases unrelated to our operating performance or prospects, or macro or industry fundamentals, and substantial increases may be significantly inconsistent with the risks and uncertainties that we continue to face;





factors in the public trading market for our Class A common stock include the sentiment of retail investors (including as may be expressed on financial trading and other social media sites and online forums), the direct access by retail investors to broadly available trading platforms, the amount and status of short interest in our securities, access to margin debt, trading in options and other derivatives on our Class A common stock and any related hedging and other trading factors;





our market capitalization, as implied by various trading prices, currently reflects valuations that diverge significantly from those seen prior to recent volatility and that are significantly higher than our market capitalization immediately prior to the COVID-19 pandemic, and to the extent these valuations reflect trading dynamics unrelated to our financial performance or prospects, purchasers of our Class A common stock could incur substantial losses if there are declines in market prices driven by a return to earlier valuations;





to the extent volatility in our Class A common stock is caused, as has widely been reported, by a "short squeeze" in which coordinated trading activity causes a spike in the market price of our Class A common stock as traders with a short position make market purchases to avoid or to mitigate potential losses, investors purchase at inflated prices unrelated to our financial performance or prospects, and may thereafter suffer substantial losses as prices decline once the level of short-covering purchases has abated; and





if the market price of our Class A common stock declines, you may be unable to resell your shares at or above the price at which you acquired them. We cannot assure you that the equity issuance of our Class A common stock will not fluctuate or decline significantly in the future, in which case you could incur substantial losses.
We may continue to incur rapid and substantial increases or decreases in our stock price in the foreseeable future that may not coincide in timing with the disclosure of news or developments by or affecting us. Accordingly, the market price of our shares of Class A common stock may fluctuate dramatically, and may decline rapidly, regardless of any developments in our business.
Brewmaster
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FJ43 said:


SPY almost to my 416.36 level.
bought SPY puts and VXX call spreads yesterday after seeing giant VXX and UVXY buys. Those are printing money this morning! I think I'm 3 for 3 now on following big money on these. Someone always knows.
McInnis 03
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Here's what I saw...../ES hit support 3 (S3, or the 3rd blue line) and decided to reverse in premarket, the low-value area is WAY up high (pink line close to 4200, meaning 70% of activity was above this level yesterday) so it seemed like a decent time to try a long (NQ was mirroring this chart setup).


cgh1999
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TELL announced another deal to sell 3million tons annually to VItol. Stock is up 26% at the open!!
FJ43
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Bought BB 20c Lotto $3.50 entry
McInnis 03
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McInnis 03 said:

McInnis 03 said:

Goodbye paper futures, hello live futures.

Working a scalp on /NQ here, went long at 13527
Closed half the position and moved stop to break even on remainder.
Stopped, guess we want to test the ON low?
Ferris Wheel Allstar
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FJ43 said:

Bought BB 20c Lotto $3.50 entry
i did too and shouldve waited one effing minute
gigemJTH12
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FJ43 said:

Bought BB 20c Lotto $3.50 entry
its tanked the last few minutes. quick sell off?
gougler08
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I know the meme stocks are fun, but every time they go nuts like this, the bears fight back hard
FJ43
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gigemJTH12 said:

FJ43 said:

Bought BB 20c Lotto $3.50 entry
its tanked the last few minutes. quick sell off?
Its a lotto on meme. If they pump it it will pay. If not like a scratch off.
Farmer @ Johnsongrass, TX
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In on BB at $17.25
wanderer
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Sold 6/18 $22 calls against half of my CLOV shares for .50 this morning. Probably should have sold against them all.
$30,000 Millionaire
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I managed to sell CLOV 06/18 12C for 0.88 at the open.
You don’t trade for money, you trade for freedom.
austinAG90
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Sold 1 6/11 $145 AMC Call @ $11.65

Edit for Call - sorry
Farmer @ Johnsongrass, TX
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AMC halted?
bmoochie
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looks that way
Brian Earl Spilner
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Lowest unemployment since the pandemic started - market tanks.

Makes sense.
Agvet12
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Farmer @ Johnsongrass, TX said:

AMC halted?


Siiii right when my 30 out was printing money
_lefraud_
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AMC

Halt and Catch Fire
hbc07
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Hit my stop on AMC, and I'm out losing ~$90 on my 10 shares.
[url]http://hasthelargehadroncolliderdestroyedtheworldyet.com[/url]
tlepoC
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Damn you VEON - I looked and it did what it does..
McKinney Ag69
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Everyone go check out GOED. Great gap fill opportunity!
Mr. Lahey
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wanderer said:

Sold 6/18 $22 calls against half of my CLOV shares for .50 this morning. Probably should have sold against them all.
Nice job, I didn't catch it in time. Only got .40-.30.
FJ43
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NIO looking good on a day like today
BrokeAssAggie
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FJ43
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WKHS volume
BrokeAssAggie
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AMC back
SF2004
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Could someone help me with $PENN?

Have an iron condor with the Put strike at $80 and it expires on the 21st. Looking at the chart I feel like I should take the loss but not sure.

This is where I struggle, when to cut out and move on.
$30,000 Millionaire
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Out the rest of NAKD.

I am going to buy some DRIP shares.
You don’t trade for money, you trade for freedom.
$30,000 Millionaire
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SF2004 said:

Could someone help me with $PENN?

Have an iron condor with the Put strike at $80 and it expires on the 21st. Looking at the chart I feel like I should take the loss but not sure.

This is where I struggle, when to cut out and move on.


Need more details
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wanderer
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OA, probably a dumb question, but are you looking at selling your 10/15 $9 SDC calls to go net free? Calls going for 1.55 now (my basis was .85)
southernskies
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When I sell a CC on Fidelity, is my balance sheet reduced by the value of that CC until it expires? It looks like it is listed as a liability on my balance sheet because the value of the CC is negative.

So my overall account balance is artificially reduced by the value of that CC until it expires, and then my total account value will bounce back by the value at which I originally sold the CC? Am I interpreting this correct?
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