The Investment Thread (5 Viewers)

[St. Geezy]

Massive bull flag pattern formed thus far today on AMC. I would say it could be set to do something special, but it kind of already is at the moment. Up over 15% today thus far (up $8.01 today as of the time I started typing).

 

[itztime]

Stratospheric commodity prices might be ebbing.

I read that and said Finally! Curious to see how long the current supply bought at the high prices comes down to the lowered futures. As of now its still $8+ for a non treated 2x4x8 .

 

[B4YOU]

Stratospheric commodity prices might be ebbing.

I read that and said Finally! Curious to see how long the current supply bought at the high prices comes down to the lowered futures. As of now its still $8+ for a non treated 2x4x8 .

Give it 3 months to work through. Summer is the peak for home sales. People selling houses don’t have the option to put off work. You also have buyers who are flush with cash due to tax returns and stimulus. The low interest rates also have people doing cash out refi with cash burning a hole in their pocket.

By fall, the housing market will slow, rates will likely climb, and people will have spent their funds.

 

[CanadianSaint]

https://www.quiverquant.com/sources/wallstreetbets

 

[Turfie]

https://www.quiverquant.com/sources/wallstreetbets

That’s cool.

On June 6th WISH had 39 total mentions on WSB

On June 7th WISH had 4,000+

 

[St. Geezy]

https://www.quiverquant.com/sources/wallstreetbets

That’s cool.

On June 6th WISH had 39 total mentions on WSB

On June 7th WISH had 4,000+

You guys do know that WSB's moderators got bought out by hedge funds in February, right? That place is nothing more than a breeding ground of pump and dump scams, left and right, along with giving the media an entity to point the finger to and/or use to get people into the stocks they (or the hedge funds) want them to go to.

There was even a point in time where even mentioning AMC on that board was met with an automatic banishment.

 

[CanadianSaint]

Yes, Im aware of the history.

 

[Turfie]

You guys do know that WSB's moderators got bought out by hedge funds in February, right? That place is nothing more than a breeding ground of pump and dump scams, left and right, along with giving the media an entity to point the finger to and/or use to get people into the stocks they (or the hedge funds) want them to go to.

There was even a point in time where even mentioning AMC on that board was met with an automatic banishment.

I’m aware too. The WISH spike in mentions happened very close to when the IPOs lock out period ended. I’m sure that’s just a coincidence.

 

[itztime]

I’m aware too. The WISH spike in mentions happened very close to when the IPOs lock out period ended. I’m sure that’s just a coincidence.

Isn't Cramer shilling $WISH? I love the response about WISH and garbage.

 

[itztime]

Redditor contacted to spread FUD and has apparent proof.

 

[bclemms]

Redditor contacted to spread FUD and has apparent proof.

How do you know that isn't the FUD by a guy claiming to be a small guy but is really a big guy claiming to be a small guy trying to get other small guys to not trust the reddit threads so the big guys can win?

 

[itztime]

How do you know that isn't the FUD by a guy claiming to be a small guy but is really a big guy claiming to be a small guy trying to get other small guys to not trust the reddit threads so the big guys can win?

Ha, could be. I wouldn’t bet either way, you would think there would be more redditors coming out with the same song and dance.

 

[St. Geezy]

Isn't Cramer shilling $WISH? I love the response about WISH and garbage.

I am 100% certain Cramer is nothing but a mouth piece for hedge funds. I didn't trust him before this, but this video sealed the deal for me.



If Cramer is pumping something like $WISH, you can rest assured that he's doing it as a favor for one of his hedge fund buddies.

Also don't think for once that "AMD" was an innocent typo.

 

[St. Geezy]

On another note....there was a video from a CNBC telecast I saw last month that I can't seem to be able to dig up, but back in January, when the broker buy restrictions were going on with all the meme stocks, there was a moment where Jim Cramer said, and I paraphrase, "It isn't GameStop they were threatened by; it was actually AMC."

He's never repeated it again, but I think he slipped up that day. The GameStop thesis was all based on the 140% short interest, but what POTENTIALLY makes AMC more dangerous isn't the short interest, but the synthetic, counterfeit shares.

 

[St. Geezy]

I think it is critical today that we get through that $60 point of resistance. They have been defending it like crazy. It'll tell us a lot about the direction they plan to take this thing this week if we can break through that today.

We got to $59.50 in pre-market, but it was quickly walked back. Same yesterday when we breached it and got to $60.55.

Makes me wonder if the margin call threat lies somewhere in the low $70 range.

It is at about $59 right now in pre-market, but I'm getting bull trap vibes to be honest; it's like they're intentionally teasing it.

2 million shares available to short. Wouldn't be surprised to see them unload them all as soon as 8:30 hits.