We're "Dumb Money", so why are we up 2,200%? 🧐💰Every time I hear "Fundamentals" being thrown around on Citadel-owned main stream media and news articles, I have to laugh. I buy another share. I get APEISH. 🦍🌕 This is simple supply and demand. As we see here, the ape gang is diamond-balling it to 60, a well-known resistance and we're about to smash through! If you check there is strong consolidation between 57 and 60, which is good for us. I smell a gamma squeeze comin' (how do we know? Look at the options chain and check the IV for how ppl feel about the stonk, demand is going 🆙).
I like the stock the more I run into other apes. What we're experiencing is the market discovering new price action like a free market should. Other growth stocks have been so removed from fundamentals for a long time. And yet on the news its used to villify the retail trader. What a JOKE. LOL
Apegomoon
A little further down to goThere is a CwH that will complete in the next few days or so. It will also be consistent with an established trendline and the Gann Fan I've been using with great success to track the price action.
I'm very bullish on GME. There are more short positions than there is stock, so all we have to do is wait and this thing can go up as much as there is money in the coffers of the shorters and their insurance. Strange but true.
Going bananasAMC isn't getting as much institutional attention, and I think it's going to make a lot of people rich.
My prediction is a pullback at around 18 to 22, and then it'll really blow.
Similar to GME, there will be some dirty tricks to short ETFs that hold AMC shares, dark pool fuckery, all the stuff we've seen them do with GME already (and continue to). They can't do anything about the shares that retail investors refuse to sell, however. That's the word around the campfire and there just isn't a solution for that. If people buy and hold the people shorting eventually lose and have to buy in.
Clearly upwardLots of talk across the subs and social media etc about a launch, and some interesting discussion about the cup w handle pattern. The CwH may pan out, but there are some loose requirements that this pattern doesn't fulfill. We'll see if that's in the cards. Also, that would translate to something like 700/share or something to that effect if it follows the "normal" run of the CwH. Given the potential this has from the unbelievably painful place the HFs are in, I expect it to go much much higher. Maybe it'll get to the 700 area and retrace a little then go back up? Who knows.
In the chart here I saw that there's a very consistent upward trend line showing the way to reasonable expectations for the price action. It may prove more accurate in the long term.
I'm long the stock and have no doubt that we'll see some completely bonkers returns, but as far as a timeline I'll leave that to the dreamers. No way of telling for sure. All I know is, at some point, the shorters are gonna have to pay the piper. If they don't it will have devastating repercussions on the American free market, and the world market as a whole. No one will trust the American market for a very long time and the long-term losses will be astronomical. It will effectively tell the world that democracy and free markets are dead.
I have trouble believing the government would pass up the opportunity to collect all those tax dollars from all us knuckle-dragging, poo-flinging primates once we drain the HFs, anyway. But, given what complete turncoat, lying mfers they've been we can only hope they'll play by the rules that got us all into this whole thing.
Either way, hodl me hearties. Hodl. It's worth my money to make them sweat.
NEVER FORGET 2008.