(06-03-2021, 12:40 AM)crimsonghost747 Wrote:So the goal is to HODL until the inevitable decline back to fundamentals, and give back most of your gains (or take a loss), to a weak minded paperhander who cashed out with a profit? See that's where you are losing me with this game. Explain it slowly to me one more time.(06-02-2021, 09:17 PM)ken-do-nim Wrote: My ex-wife holds AMC. She's anxiously waiting to sell as soon as the market opens tomorrow.
Paperhands!
Holding through the downs and especially the ups is what these stocks are about. The shorts will want to cover at some point, (I'm guessing this is what has been going on with AMC this week) and the less supply there is the higher it will drive the price because the demand is there. On my GME position I've been everywhere from -70% to +50% during these past months. In all honestly, selling some here might not be a bad play, since timing in general is super hard and it's downright impossible when the stocks move like this.
But to quote the famous time traveling (just a joke, again) genius DFV, who was the first to figure out the GME play (and is up maybe $60-$70 million on his position right now).
"what's an exit strategy"
