Quote:
Originally Posted by Hog's Gone Fishin
AMC earnings come out today. Don't really think it will cause much of a dip. Everyone knows they were closed and expect it to be negative anyway. The people holding AMC are in it for the squeeze but if it takes a good dip I'll grab a few more shares.
The issue right now is the APE gang has been instructed to set their sell limits at $500 or higher so the shares can't be borrowed to help force the squeeze. I'd feel better putting a trailing SL on now.
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I use Fidelity, bastards dont let you set sell limits any higher than 50% over current price. But I also read that Fidelity doesn't loan out your shares like the scumbags at Robinhood.
Poor earnings should be factored in already, everyone knows they were still shut down the 4th quarter of last year. If that does cause a significant dip I'll grab some more too though.