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Personal Finance and Investing

WA-03 Democrat

(3,296 posts)

2. So this is just a momentum play?

Reply to bif (Original post)

Wed Jun 2, 2021, 02:26 PM

Jun 2021

All time high at +$60 and doubling today and you believe it will hit $300 after a ride. What makes you think it’s going to go up $240? I didn’t understand GameStop other then it’s a giant bubble. Tesla stock I consider the same.

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Wow, my AMC stock is on fire! [View all] bif Jun 2021 OP

Sell enough to get your original investment back, then gamble with the casino's money. rzemanfl Jun 2021 #1

Works for me ColinC Jun 2021 #6

That's what I was considering doing bif Jun 2021 #14

Good for you. BTW rzemanfl Jun 2021 #15

Thanks. Just added it to my queue. bif Jun 2021 #16

I think you will enjoy it. n/t rzemanfl Jun 2021 #17

So this is just a momentum play? WA-03 Democrat Jun 2021 #2

"I think I'll ride it up to $300 and then unload it." Pantagruel Jun 2021 #3

Nobody knows. Hopefully everybody buying into it treats it like the gambling it is ColinC Jun 2021 #5

AMC up 3000% YTD WA-03 Democrat Jun 2021 #13

I bought 10 at 13 and sold at 26. Then bought 20 at 50 and am holding short term. ColinC Jun 2021 #4

Did not know they still made Nash Ramblers. Sneederbunk Jun 2021 #7

Im waiting for my carnival stock to do this jimfields33 Jun 2021 #8

Sounds like a pump and dump TheRealNorth Jun 2021 #9

Lots of bigger fools who rely on bigger fools who help crash hedge funds ColinC Jun 2021 #12

I'm beginning to think that the Reddit stock craze, Tomconroy Jun 2021 #10

Wow, you did great. multigraincracker Jun 2021 #11

I bought 400 shares at $11 on a limit order Best_man23 Jun 2021 #18

Good for you! bif Jun 2021 #19

Well, I played it safe and sold enough to cover my initial investment. bif Jun 2021 #20