This is Wall Street cashing out while retail chases this garbage to the moon. You only get to see what they want you to see Reddit is doing nobody favors. Please if any of you are in the money think about taking profits before you become a statistic, Wall Street doesn’t lose even if some kid on Reddit try’s to convince you they are sticking it to the man.
Buyout firm Silver Lake disclosed on Friday that it sold its stake in AMC Entertainment Holdings for $713 million this week, capitalizing on a 10-fold rise in the price of the shares as traders organizing on social media platforms such as Reddit snapped them up.
www.reuters.com
So the Wall Street dudes are out trolling now? That shows you whose losing. Gotta come to a hunting page with a bunch of camo wearing dudes playing the market in the off season?
Seems like market manipulation to me. Joined from a Google search I’d guess, never to be heard from again.
I made $800 at 3:03 Am this morning over nighting AMC from the dip yesterday. Missed the top as I wasn’t ready for 11-15.50 at 3:01, bout spit my coffee out.
They tried like hell to beat that thing down yesterday. I watched them on level 2 for an hour in blocks of 2 sales trying to drive it down. Screw screw then.
My account is up a hair under 200% since Jan 1. AMC has been part of that from the $2’s. Sold, now scalping a bit. I don’t know when it runs out, but they won tonight when the street was trying to drive it under the options price before they expired.
Screw you Wall Street, I’ll have a little of my own. The platforms shutting down only pissed people off worse. I personally think RH is having a cash/liquidity problem they are covering up, don’t have a choice but to limit the sales.
After seeing Cooperman on the tube, a lot of people will lose good money for the cause, could care less. I personally am not a activist investor, but a MOMO scalper mostly. With the current markets and manipulation, I like scalps San day trades.
Thank you sir for that beating, I’ll have another. Please have Robinhood and all the others pause AMC, GME, KOSS, FUBO, etc in the morning. I’ll jump in because there will be a buying riot as soon as it’s back.
For once, Main Street is beating Wall Street.
fortune.com
Here’s a good article on the losses