The Investment Thread
Has anyone seen these or utilize the following floor tickets for $AMC & $GME? Looks like at least the $AMC ticker data is populated through Ortex.
https://amcfloorforapes.com/
https://www.gmefloor.com/
I'm not putting a lot of stock into information like this. No one knows what the true floor is going to be once everything gets rectified. The problem I see in most retail investors' 100K thesis is that they believe that "they," as in the hedge funds and ultimately the DTCC, must absolutely buy our shares regardless of price, but I personally don't buy that theory.
Everything has a ceiling as far as price, and for the price to get to that level, The Citadel will be long gone out of the picture and out of funds, so we'd be tapping into the DTCC's insurance. I firmly believe they'd hold out paying anything at all to shareholders before forking over $100k per share to anyone.
I know I am in a different position in terms of risk assessment than most since I am heavily leveraged on options along with a handful of shares, but I plan to have at least 80% of my positions sold before we even reach $800. I may hold onto 10% or so just in case I am wrong and something crazy does happen, but I just don't see it being allowed. It could literally crash the national economy potentially, maybe even the world economy.
Furthermore, we already see how anxious and finicky some people are getting about this relatively small price drop from the $70 range to the $45 to $55 consolidation range we are currently in after a massive 500% spike; do we really see people holding once we are at say $500, and the dips are $100+ at a time? Or how about if we do happen to get to a crazy number like $5,000....do you think everyone is going to hold when it dips down to $2,000? No chance.
To tell you the truth, I think most of the people with the crazy $100k to $500k "price targets" are young investors that own less than 50 shares, thinking this will be what makes them a millionaire. There may even be some bad actors out there pushing this idea, on both sides, just to leave more investors out there as bag holders when all is said and done.
I have said this before to many people, but for me, I think you go into this with a dollar figure goal in mind that you want to achieve, and just be grateful for anything above that you are able to get. 99% of us are going to leave money on the table and have regrets about where we sold or how we executed our exit strategy, so we just need to condition our minds to just be grateful for what amounts to a crap load of free money based on weeks/months of research and a few mouse clicks.