Quote:
Originally Posted by Dante84
I'm not going to drop $20k to get a handful of shares and hope they double from $350 to $700.
I think I'd rather do a volume play with $3k total and hope the same thing happens to AMC ($20) or NOK ($7), buy a large number of shares and hope they balloon up to ~$100 and dip out.
Bad idea?
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I mean, AMC is near its 3 year high right now around 20 bucks a share. So there's always the chance that it's a few dollars away from solid ground. I just perused the WSB page and they seem to think they are going to squeeze it higher tomorrow. The market is wonky right now and who knows if AMC would ever go that high ($100), I would't be shocked if it did based on how this past week has gone. But when this house of cards falls, you best have some sort of trailing stop loss set and hope it triggers before you lose your ass.