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I agree and think that market correction is coming sooner than and will be much worse than many realize. I am old enough to remember what happened to the USA economy when oil and gasoline got scarce the first time in 1973.... here is a little history for some to think upon.
"By the end of the embargo in March 1974,[2] the price of oil had risen nearly 300%, from US$3 per barrel ($19/m3) to nearly $12 per barrel ($75/m3) globally; US prices were significantly higher. The embargo caused an oil crisis, or "shock", with many short- and long-term effects on global politics and the global economy.[3] It was later called the "first oil shock", followed by the 1979 oil crisis, termed the "second oil shock".
Now imagine the price of everything you do or buy being doubled (or more) within a few years, and then add in the effect of employers cutting down their workforce by 1/4 to 1/3 to cut costs so they can survive.
"Message in reply to:
Let's see tomorrow we get another CPI number, inflation is moving up pretty good....food, oil, commodities etc.....gee all sounds good to me......
Let the gates open.....looking to see the s/p below 4K level and firmly stay there and apple computer maybe around 125....at that point maybe we will see some real action.....JMO
hehehehehe
HOLDING with unwavering RESOLVE and Patiently waiting to buy a ton more of AMC stock......
but right now just watching the show......
I'm waiting for a major correction in the market's IMO that should give AMC a very good position to catapult .....hehehehehe"
I understand them thanks to friends occasionally buying them but I don't buy them or sell them myself. Yes, they are rigged to fleece retail as are most things on wally street...
"Message in reply to:
i never play options but i have always heard thats where the big money is. i understand why that is said. they want you to play the options. it's like casino gambling, the more you play, the more you will lose."
Love the link for AMC and thanks for posting it here... I particularly like this comment from there:
"MontyAtWork
Avid Voter
·
27 days ago
·
edited 27 days ago
Helpful
When you buy a stock, you're already enriching MMs by giving them your PFOF but you at least get shares in exchange.
When you buy any Options you're (as I understand it):
on a margin account and they can and will lend your shares, giving them more ammo to short with
they make money on the Premium for every Contract you buy/sell
they can create honey pots in the Options chain that look sweet until a rug pull happens that screws your puts/calls, which then meant you got nothing and they got your premiums (basically, you can HODL your shares through a dip cause it can recover - can't HODL past expiration/IV crush)
if you're lucky, you might get more shares than you otherwise would have if you'd just bought them directly
they have your PFOF
It makes no sense to play Options unless you love giving Hedgies even more money than you already do by just playing their game in the first place."
AMC FUD thick around here today and wrong as usual. I STILL have my AMC and I am STILL laughing at shorty...
We have the same opinion... I think the public (herd) will still panic and Dow will drop to 25-27k this year if not lower.
"Message in reply to:
Fraud in markets to keep them up and prevent public from panicking...they have to prop up America confidence in the myth of capitalism as HF line there off shore accts with money stolen from American Public.....but this is just my opinion.....hehehehe"
Agreed, a financial storm is coming and no one knows how or where it will go.
"Message in reply to:
No matter how it gets looked at, manipulated, lied about, condoned, protected, deceit etc. this is not going to end well for somebody, somebodies or something. The massive corruption by big money, Wall Street (remember them? They were bailed out before by the tax payers with assistance from the government and in their very owned arrogance thumbed their noses at the ones footing the bill from their last criminal activities) and government entities has been widely exposed. “They” want it all even if they have to steal it with government assistance. Guess in about 2 weeks the saga unfolds even more.
But “they” still are not getting any of my shares this time until I and only I decide."
Simply amazing how the buying turned on at 13:30 EDT for the Dow, Nasdaq, and S&P 500. Simultaneously, all three reversed their drop and headed up. No news, just buying to prop up the markets so they don't drop catastrophically on Monday in my opinion.
Let me fix that statement for you so it is more accurate regarding AMC...
But I guess all of the fiction, Fairy Tales and Bullchit being continuously spewed out for decades by the hedgefund, market maker, SEC, one percent cult is just fine, right?
"Prudent Capitalist
Friday, May 20, 2022 10:51:41 AM
Re: Stockman1010101 post# 96986
Post#
96987
of 97032
But I guess all of the fiction, Fairy Tales and Bullchit being continuously spewed out by the APE cult is just fine, right? SMFH"
That is an interesting correlation... AMC should have closed at 13.70 or higher today.
"AMC was down to $10 right around when HYMC at $1.
When HYMC spiked above $3 is also when AMC was hitting $30."
HHMMmmm, you may want to reread that article from Apple news again because Plotkin said he has STARTED to unwind Melvins positions...
Now if you have a source showing something different I will be happy to read it.
"LOL! As widely reported Melvin Capital liquidated everything and closed out all open positions prior to the announcement that it would return all capital to the holders, which is apparently over $8 Billion. It had to be that way. No fund could announce that first and then try to liquidate and close out positions after the announcement. it lost considerable amounts shorting GME in Q1 of 2021, but had closed all short positions and strategies as of the end of Q1 2021."
The article from Apple news:
"Melvin Capital, once one of Wall Street's most successful hedge funds which then lost billions in the meme stock saga, will shut down after it was hit again by this year's market slump.
Gabe Plotkin, widely regarded as one of the industry's best traders after posting years of double digit returns, told investors that the last 17 months have been "an incredibly trying time."
Plotkin had been trying to turn around the firm after being caught out in early 2021 betting against retail favorite GameStop (GME) and after being wrong footed again by tumbling markets this year.
"The appropriate next step is to wind down the Funds by fully liquidating the Funds' assets and accounts and returning cash to all investors," Plotkin wrote in a letter reviewed by Reuters on Wednesday.
Melvin Capital had $7.8 billion in assets at the end of April. The fund lost 23% in the first four months of 2022, a person familiar with the fund's finances said.
This year's losses come on the heels of steep losses in 2021 when Melvin Capital ended the year down 39%. The firm bet that shares of GameStop would tumble but was battered when retail investors took the other side and sent the stock surging.
The firm had $12.5 billion in assets at the start of 2021.
In the letter Plotkin said he had already raised a substantial amount of cash and cut the funds' exposure.
A spokesman for Plotkin declined to comment.
For a time powerful investors continued to back Melvin with Citadel LLC and Point72 Asset Management, where Plotkin had once worked, investing billions in emergency cash in early 2021 amid the meme stock losses.
Earlier this year, Plotkin told investors he wanted to reorganize and shrink assets to $5 billion from roughly $8.7 billion and charge them lower fees, for a time. Investors reacted strongly to the proposals and Plotkin was forced to apologize not long after, saying he had made a mistake.
On Wednesday, Plotkin said he had begun the process of liquidating the portfolio and would stop charging management fees beginning June 1. He also said that he had "given everything" he could but that it was not enough to "deliver the returns you should expect."
At the end of the first quarter Melvin's biggest investments included bets on Live Nation Entertainment (LYV), Hilton Worldwide Holdings (HLT), Amazon (AMZN) and Datadog (DDOG). Their stock prices have fallen sharply in the last weeks, sparking speculation that a hedge fund might be trying to unwind positions.
Plotkin was a star investor at Steven A. Cohen's hedge fund, which was previously called SAC Capital Advisors, but left in 2014 to launch his own firm after SAC pleaded guilty to criminal insider trading charges. Melvin Capital quickly attracted attention and powerful investors and ended 2020, the year the pandemic began, with gains of 52.5%.
From 2014 to 2020, Melvin boasted average annualized returns of 30%. Between the founding and now, the fund returned an average 11.9% per year"
Yes, and we will use that knowledge to hammer them at EVERY opportunity.
"i guess when the hedgies say that retail traders don't know anything about the markets, they mean we don't know about the corruption that has been going on for decades.
but we are learning quickly..."
I STILL have my AMC and I am STILL laughing at shorty wanting my shares.
Agreed, you are not alone and sometimes you cannot help folks with their head stuck up... and squealing "Its not true, its not true.... all hedgies and MMs are honest hard working people!" Yeah, rightttttt... The earth being round was a myth a long time ago too.
Yep, more AMC hedgie shenanigans this week. Easier for retail to add to their positions at these PPS. Still holding and laughing at shorty...
Thanks for sharing, I love it..... hahahahahahahahaaa!!!
"deathstarr
Wednesday, May 11, 2022 9:18:13 AM
Re: None
Post#
96154
of 96188
Need proof we are causing the market crash? She admitted they don't know where the market bottom is because AMC shareholders don't know what they're doing and won't sell.Bought 30 shares off this interview. HAHAHAHAHAHAHAHAHA
https://twitter.com/ApeRocket801/status/1523688161666531328"
STILL holding my AMC and STILL laughing at shorty...
AMC green two days in a row. STILL holding all my AMC and laughing at shorty...
Agree with you, and I am a baby boomer who has seen the hardships put on retirees and other hard working people having their life savings stolen by a corrupt Wall Street and politicians. I still have my AMC and will hold it to hell freezes over or the counterfeit shares are covered.
"As I mentioned I am part of baby boom generation and taught by BEST GENERATION ever the Silent generation who defined values and ethics but that is JMO
But I thinkk I understand the perspective of others.....they believe in power of social media and it's persuasion .....I invest in stocks based on due diligence and I am old school and so are the people that I receive my financial advice.....
So my philosophy on AMC is HOLDING AND CONTINUE TO BUY.....and patiently waiting......our expectation is that nothing will happen today or tomorrow......
hehehehehe
GLTA AMC retail investors...."
Yep, more AMC hedgie shenanigans. Still holding and laughing at shorty...
"Volume is only 14mill , nobody is selling beside the Hedgies, it’s getting so extremely expensive when MarginCall"
AMC ended the after hours market at $25.73 so we went up a nickel from yesterday... and I still have all my AMC
STILL holding my AMC. News pertaining to AMC and others:
"WASHINGTON/NEW YORK (Reuters) - Wall Street's regulator is considering changes to stock market rules to increase competition for orders and improve deals for retail investors, according to its top official Gary Gensler and industry executives.
The U.S. Securities and Exchange Commission (SEC) is scrutinizing the practice of payment-for-order-flow (PFOF), in which wholesale market-markers pay brokers like TD Ameritrade, Robinhood Markets ( HOOD ) and E*Trade to route retail customer orders to them instead of to exchanges. The SEC review could lead to the biggest shake-up of U.S. equity market rules in over a decade.
Robinhood makes around 75% of its revenue from PFOF. The trading app and others say the practice on average gives retail investors a fractionally better deal than exchanges, allowing them to drop commissions and democratize investing.
Critics say payment for order flow can create conflicts of interest, and also encourages brokers to add video game-like bells and whistles to their apps and websites that prompt investors to trade more, which boosts the broker's profit but is rarely the best investment strategy. Britain, Canada and Australia have banned PFOF and Gensler suggested in August that the SEC could go that route.
PFOF drew new scrutiny last year when an army of retail investors went on a buying spree of "meme stocks" like GameStop ( GME )
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and AMC, squeezing hedge funds that had shorted the shares. Many purchased the shares using commission-free brokers like Robinhood that accept PFOF from a few powerful market-makers.
The largest, Citadel Securities, says it controls 35% to 40% of all U.S. retail order flow. Virtu Financial ( VIRT )
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controls about 25%, according to an analysis of SEC data by BestEx Research.
The SEC is exploring whether retail brokers are sending PFOF customer orders to the wholesaler paying them the most, rather than the venue that offers the best deal.
"When one party is paying a platform for the order flow, that can be in conflict with a retail customer getting best execution," SEC chair Gensler said in an interview. "They're not getting order-by-order competition."
Some brokers, like Fidelity, say they can get good stock prices for customers and offer free stock trading without accepting PFOF.
A Robinhood spokeswoman pointed to a study by two Massachusetts Institute of Technology professors who found Robinhood customers enjoyed more than $8 billion in price improvements from 2020-2021 thanks to PFOF.
A spokesperson for TD Ameritrade said the current market structure delivers "great outcomes" for investors and the company supports efforts to make it even better.
A PFOF ban is on the table, Gensler told Reuters, but he said the practice is also just a symptom of a broader problem: exchanges are not competing on an equal footing with the off-exchange market, where around 40%-50% of trading takes place.
The national benchmark for measuring the best deal is flawed because it does not include these off-exchange trades, he added.
"Here's the focus around new market structure rules: How might we promote a more level playing field?," Gensler said.
The SEC is also mulling making it easier for exchanges to compete with market-makers for orders by allowing exchanges to offer sub-penny pricing, and by changing the definition of "best execution," said Gensler and other industry executives.
Several executives said they doubted the SEC would actually ban PFOF. Virtu Financial ( VIRT )
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CEO Doug Cifu said his firm would be one of many to challenge such a move in court.
"PFOF and rebates have really fostered incredible innovation and competition in the marketplace," Cifu told Reuters, adding that if the SEC bans the practice "they are looking at a very long fight."
He and other industry executives said the SEC should enhance retail brokers' disclosures so small investors are better informed on the pros and cons of PFOF. Gensler said the SEC was also reviewing disclosures.
"As long as it is transparent and disclosed, I don't see a conflict," said Kirsten Wegner, CEO of the Modern Markets Initiative which represents automated trading firms.
COMPETITIVE BOOST
Investor advocates support better disclosures and also want to boost exchanges' competitiveness to improve the reliability of the national pricing benchmark, known as the National Best Bid and Offer (NBBO).
Current "best execution" rules require retail brokers to route customer orders to a venue offering the best price displayed on the exchange, or better, and market-makers typically improve on the best price by a fraction of a cent.
Exchanges cannot offer sub-penny quotes, but the SEC is considering allowing it. It is also mulling a rule, similar to one in Canada, requiring retail brokers to execute orders on an exchange unless the off-exchange price is significantly better, said Dave Lauer, CEO of financial platform Urvin Finance, and one other industry source with knowledge of the SEC's thinking.
Wholesalers provide a 15% improvement on the NBBO spread, but moving retail flow to exchanges would narrow NBBO spreads by 25%, according to research by Hitesh Mittal, CEO of BestEx Research.
"Institutional investors and market makers would better compete with exchanges for retail flow by narrowing the bid offer spread," he said.
Ty Gellasch, executive director of investor trade Healthy Markets who has also discussed the issue with the SEC, said he expects the agency to clarify that "best execution" requires brokers to obtain the best available price rather than a fractional price improvement.
"I expect it will say to the industry: 'you have to give the customers the best prices,'" he said.
(Reporting by Katanga Johnson in Washington and John McCrank in New York; Editing by Michelle Price and David Gregorio)"
Appears games were played in after hours with AMC pps today No worries... all those counterfeits have to be covered...
Still holding my AMC and enjoying another day of AMC bear roasting...
Ahhhhh, that wonderful smell of AMC bears roasting...
Seems AMC is closing GREEN more than red lately...
Still holding my AMC and still laughing at naked shorty...
Regardless of the shorty spew the AMC bear trap is loading...
Agreed! Still holding and add on the dips
"The key to all of this is don't sell retail holds most of the float just don't sell and the squeeze will happen"
Regarding AMC, agreed... I am going nowhere and will add AMC shares to my pile.
"No problem I will hold. Not going anywhere. Nothing has changed AMC investors have watched market markers and hedge funds manipulate this stock through short selling, naked short and swaps. We have seen every tactic possible. All investors in the market are tired of the manipulation. Investors don’t forget. Taking away the buy button with GME was an absolute disgrace. The government is involved now changing rules to make the manipulation almost impossible by the time they are done. DOJ is on the hedge funds and people will be going to jail when it’s all said and done. Burning building, turning off the buy button, people lying, colluding to screw investors over, just to name a few will definitely command jail time. Now the dark pools being looked into, as hedge funds and banks start to through each other under the bus to save themselves.
Am I selling hell NO.
Are there billions of synthetic shares in the market, hell Yes.
Do AMC investors own the float and most of the real shares in the market, he’ll Yes.
Where most of the synthetics created after we bought up the float, hell Yes.
Have market makers and hedge funds manipulated the price to keep it down, hell yes.
Are AMC investors leaving, hell No. This is a once in a lifetime event and you would never forgive yourself if you missed it.
Am I going to lose my money that I invested in AMC, NO Way IN Hell."
Still holding my AMC and still laughing at shorty...
Still holding all my AMC and still laughing at the shorts...
It was manipulation of AMC pps and easy to see...
"Prudent Capitalist Friday, 02/18/22 05:05:31 PM
Re: Poooor1 post# 90458 0
Post #
90459
of 90476
LMFAO! It wasn't manipulation. AMC shares remain seriously overvalaued, even at $18"
Just another EXCUSE to run AMC trades through dark pool?? Ten AMC shares may be all some RETAIL traders can afford and they should be going to lit exchange as TEN shares... kinda like there should be no NAKED shorts or EXEMPT naked shorts for a stock that trades millions of shares per a day.
"Like many brokerages, Fidelity may treat orders for less than 100 share blocks differently, as such small orders are typically lumped together for execution. Especially when it is a NYSE stock. Who buys 10 shares at a time anyway?"
Good to know you see the AMC PPS manipulation too...
"AMC closed just under the $18 level that was targeted in all of the very large Whale option trades heading in to today's options expiry.
Quote:
$18 is far more likely than $20 today for AMC given the large bearish option bets placed by whales targeting the $18 level. This is options expiry day and the sentiment there is 64% bearish."
Well AMC holders, looky here... a shorty post I can agree with... yep, all those counterfeit shares are toxic to the reputation of wally street due to all the fraud. Yep, ALL the naked shorts must be purged by buying legitimate shares. Yep, covering the counterfeit short shares will result in no survivors of the naked shorters on wally street...
"AMC stock is toxic due to all the fraud. It must be purged. No survivors."
Yep, and a lot of AMC bears will be roasted...
"Spread the peanut butter FUD shorty. $AMC epic squeeze coming."
Got ANY AMC proof they were debunked? I haven't seen any credible evidence the APEs are wrong... just the same ole smoke and mirror mass media from Wally street.
"debunked conspiracy theories"
AMC shorts are apparently slow learners...
"unfounded conspiracy theories and nonsense."
The nonsense is believing they are not biased against AMC and other stocks and are not getting compensated...
"That isn't the issue. The statement at issue was that the analysts are being paid to put out negative financial projections for AMC. And, that all news reports and articles which factually and objectively detail AMC's precarious financial position are somehow compensated pieces, all of which is nonsense."
And I am ROFLMFAO at AMC shorts thinking the negative articles are stopping anyone from buying and holding AMC for the big arse shorty squeeze when they MUST buy all those counterfeit AMC shares to balance the books...
"ROTFLMFAO! So, the analysts at every brokerage firm are being paid to give negative ratings on this overvalued Pig of a ticker? Just like we have heard that every expert commentator who publishes an article on how overvalued AMC is and why, and detailing the actual financial and debt figures, are all being paid? Just more of the previously debunked false conspiracy theories surrounding the AMC ticker.
Quote:"
"They are paid to write that stuff."