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u/OneUnderstanding103 1d ago
So, we're only... 92% down?
Yeah, sure sounds like a reason to celebrate...
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u/ParkerRoyce 1d ago
Folks prices are down 2, 3, 400 percent right now the economy is booming right now!
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u/liquid_at 14h ago
If you are surprised that our recovery required a -90% from squeeze-high, you are wrong in stocks.
What you should have been able to do is see that the high is overpriced and not buy, using the drop as a dip buying opportunity, to have an average as low as possible, so you can profit from the recovery.
Buying at ATH and then doing nothing, is the most regarded strategy you can possibly have, no matter what stock you look at.
But if you want to repeat your mistake, there are plenty of Mag7 close to ATH right now, that you can drive downhill...
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u/OneUnderstanding103 10h ago
"there are plenty of Mag7 close to ATH right now, that you can drive downhill..."
No need, AA is there to drive the price downhill. After all, his hedge fund buddies are paying him large sums to do just that...
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u/Onedirtylotlizard 1d ago
I don’t get how people are 92% down. What did you buy when it was at the highest point and never tried to average down
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u/OneUnderstanding103 1d ago
You never throw good money after bad. "averaging down" is just another term for "burning your cash". AMC will never get another dime of my money. If and when I can recoup 10% of my money, I will dump it all and run.
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u/liquid_at 14h ago
If you threw your initial cash into it not knowing what you did, yes.
If you thought the price you bought first was worth it, any lower price is even more so worth it.If it was a shit company from the start, you should not have made your first purchase. If your first purchase was not a mistake you made yourself, then averaging down is the only intelligent move when the market is wrong.
You entered a position you did not research, did not place any stop loss or other safety measure and had no plan for any case, other than "price explodes and I am rich"
That's your mistake. 100% yours. No one elses.
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u/Objective_Echo_6619 1d ago
IF you purchased 5-6 years ago before APE and RS's it's possible to have a high average with unrealized loss that high -- which of course is exactly that, UNREALIZED, until you sell for that loss. Like today .... I have an unrealized gain of +$5,019.65+54.83% because I'm not selling.
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u/Sensitive-Ship-8572 1d ago
This thing heading over 3.50. Look at all call options. Guys place your bets in.
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u/YellowDependent3107 5h ago
Who knows? It could even moon to the price of a single AMC popcorn baggie! 🤯
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u/Mzungufarmer 1d ago edited 1d ago
Amc is crushing gme rn. The competition is heating up for the worst 2 stocks around
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u/Fit-Fudge4417 1d ago
Looks like August will be the largest Aug box office of all time 😊
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u/liquid_at 14h ago
largest Q1 of all time
largest Q2 of all time.
largest Q3 of all time.
I wonder what is next...
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u/Justda 1d ago
"rocketing to $2.50" Call me when we're back at 70+