The Investment Thread (2 Viewers)

[bclemms]

Composite Man doing his thing with AMC these past few days....

Our stock market is so damn rigged; it's all just one big algorithm.

This is what you are looking for. It holds the pattern over time much better than Wyckoff which tends to show up in shorter periods (hours to a week) since manipulation can only be maintained over short periods.

Elliott Wave Theory: What You Need to Know

Acquaint yourself with Elliott Wave Theory, the principle built on the observation that stock markets do not behave in a chaotic manner.

www.investopedia.com

The theory is also somewhat of a self fulfilling prophecy because so many use it for technical trading. This is why I was saying that I thought the market was about to change and sold my long positions. SP was on a huge pivot point with two key areas of resistance just above the pivot level. Lots of technical headwinds.

I may have looked smart with the call but the positions I sold are actually up today (AAL).

 

[St. Geezy]

GME stock split and dividend! Big AH boom.

 

[DaveXA]

GME stock split and dividend! Big AH boom.

Well, that was unexpected. Lol.

 

[St. Geezy]

Low and behold, a fully-fleshed out article on the reason for the AMC AH movement was put out not even 10 minutes after the spike reached its pinnacle candle at 4:30 eastern, a pinnacle candle that to this point, has not been eclipsed.

Why AMC Shares Are Popping Off During Thursday's After-Hours Session - AMC Enter Hldgs (NYSE:AMC)

AMC Entertainment Holdings Inc (NYSE: AMC) shares spiked higher by some 7.3% to $26.44 during Thursday after-hours session in sympathy with GameStop Corp. (NYSE: GME).

www.benzinga.com

 

[Turfie]

GME stock split and dividend! Big AH boom.

That’s awesome! Just this morning I bought 1.25 more shares via ComputerShare. I got my babies protected.

 

[Turfie]

Low and behold, a fully-fleshed out article on the reason for the AMC AH movement was put out not even 10 minutes after the spike reached its pinnacle candle at 4:30 eastern, a pinnacle candle that to this point, has not been eclipsed.

Why AMC Shares Are Popping Off During Thursday's After-Hours Session - AMC Enter Hldgs (NYSE:AMC)

AMC Entertainment Holdings Inc (NYSE: AMC) shares spiked higher by some 7.3% to $26.44 during Thursday after-hours session in sympathy with GameStop Corp. (NYSE: GME).

www.benzinga.com

Sometimes it’s kinda fun. GME had shot up plenty of times when another basket stock shoots up.

 

[St. Geezy]

Isn't it funny how there is always a convenient narrative that pops up out of nowhere when deadlines come up?

Always.

It's like the CEOs are all apart of the charade that we call the stock market.

 

[Swamprat]

I've been a little distracted today.... what the hell happened?!?!?

 

[Turfie]

I've been a little distracted today.... what the hell happened?!?!

GameStop issued a filing today in after hours that essentially announced plans for a stock split and to raise the total amount of outstanding shares to 1 billion.

Currently they have 76 million total shares. They had prior approval to go up to 300 million shares. In the filing GameStop seeks shareholder approval to go all the way up to 1 billion.

They also specifically mentioned a stock dividend.

GameStop is also in a crime basket along with AMC, Koss, and BBBY. Whenever one goes up sharply…others go up.

 

[St. Geezy]

A perfect summation right here from Houston Wade....

 

[Turfie]

A perfect summation right here from Houston Wade....

The Mayo jokes are hilarious. Some people set up algorithms to track wherever his personal plane is going. They call it “Mayo Force One”.

 

[Turfie]

Bought a GME at 163 yesterday. Today I got one for 162. How in the world was it cheaper today?

 

[St. Geezy]

Bought a GME at 163 yesterday. Today I got one for 162. How in the world was it cheaper today?

Same story as always. MMs hype up news that comes out and raise the price swiftly to a certain number in after hours, they then let it stagnate there while getting everyone excited with news articles and social media bots, before finally they short the crap out of the stock.

Rinse and repeat.

 

[Turfie]

Twitter booming after Musk disclosed that he is now the largest shareholder.

 

[SaintInBucLand]

How fortunate that I bought Twitter last week