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02-02-2021, 05:07 PM
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#11126 | | Need to Seek Professional Help
Join Date: Jan 2005 Location: Van
Posts: 1,047
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Look for AMC to regain strength after the pandemic.
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02-02-2021, 05:43 PM
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#11127 | | I *heart* Revscene.net very Muchie
Join Date: May 2001 Location: Vancouver
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GME: If the hedges didn’t substantially cover today the price should go lower. All of the tactics seem unnecessary if there wasn’t still exposure (short ladders, limiting buying, mandatory stop-losses, etc). Doesn’t that create a short-term buying opportunity with gambling money? Coupled with renewed public interest that results in a big surge. Am I looking at this right?
What I can’t wrap my head around is WSB looking at this like an infinite opportunity. Assuming a surge even happens once the shorts have covered what would keep the momentum going?
In the AMA today Mark Cuban suggested existing investors hold. He sees something here.
SLV: Media started broadcasting silver as the next hot ticket yesterday but the price dropped. What’s happening here? Ironically, I’m still holding onto SLV from my last purchase many years ago. All of the supposed “next big thing” stocks went down on an up day: AMC, NOK, BB.
This post may come across as sorely uninformed. I made a handful of trades years ago and forgot most of the little I knew.
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02-02-2021, 05:44 PM
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#11128 | | RS has made me the bitter person i am today!
Join Date: May 2005 Location: 604
Posts: 4,504
Thanked 1,727 Times in 547 Posts
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Wanda (owners of AMC) and the CCP should have stepped in and help screw over the hedge funds.
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02-02-2021, 05:48 PM
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#11129 | | My homepage has been set to RS
Join Date: Jul 2004 Location: V.Island
Posts: 2,102
Thanked 165 Times in 62 Posts
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I averaged down on AMC today, kinda wish I grabbed some GME on that deep V
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02-02-2021, 07:34 PM
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#11130 | Ebisu Boss
Join Date: Apr 2001 Location: West Side
Posts: 4,048
Thanked 1,889 Times in 705 Posts
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Originally Posted by Alpine  Look for AMC to regain strength after the pandemic. | Ugh, whenever that is lol ... looks like we'll be masking up for long long time.
Yeah it pretty much verifies I have no idea wtf I'm doing lol ... got caught up in all the hoopla now I'm down on AMC. Luckily it's not much as I'm usually pretty conservative.
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02-02-2021, 08:11 PM
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#11131 | | To me, there is the Internet and there is RS
Join Date: Apr 2007 Location: Okanagan
Posts: 16,700
Thanked 9,390 Times in 4,089 Posts
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Originally Posted by Mancini SLV: Media started broadcasting silver as the next hot ticket yesterday but the price dropped. What’s happening here? | There have been a bunch of news items coming out saying WSB is pushing for SLV next. Except if you check WSB that's not the case at all, and all the accounts trying to push SLV in the comments are from new accounts, or ones that haven't been used in ages and never posted in WSB before (ie stolen).
__________________ 1991 Toyota Celica GTFour RC // 2007 Toyota Rav4 V6 // 2000 Jeep Grand Cherokee
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Originally Posted by maksimizer half those dudes are hotter than ,my GF. | Quote:
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02-02-2021, 10:09 PM
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#11132 | | I *heart* Revscene.net very Muchie
Join Date: May 2001 Location: Vancouver
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^thanks. I’ve noticed that, too. They’re up in arms about it. Still, I didn’t think general public would make that distinction.
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02-02-2021, 10:18 PM
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#11133 | | Need to Seek Professional Help
Join Date: Jan 2005 Location: Van
Posts: 1,047
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Originally Posted by Obsideon Ugh, whenever that is lol ... looks like we'll be masking up for long long time.
Yeah it pretty much verifies I have no idea wtf I'm doing lol ... got caught up in all the hoopla now I'm down on AMC. Luckily it's not much as I'm usually pretty conservative. |
Don't worry, everyone's learned that lesson before. Many of us have learned that lesson multiple times and are still learning it lol.
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02-03-2021, 12:38 AM
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#11134 | | I contribute to threads in the offtopic forum
Join Date: Nov 2006 Location: Vancouver
Posts: 2,945
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Originally Posted by BIC_BAWS Sorry used the completely wrong term LOL. Let me rephrase. I participated in a PP about two years ago, which the private company did a RTO on a CPC, and is now on TSX.V as HULK.V.
I've seen a lot of PP deal decks come across my desk over the years, but this is the first one that I've actually put money into and seen it progress from a private company to a public company.
Having learned what I learned now, I feel that while the risks are higher, choosing the correct SPAC or purchasing shares of a CPC can lead to high reward. For example, the CPC that HULK.V used was AMW.P, which traded at $0.09. If my understanding is correct, shareholders of AMW.P are now shareholders of HULK.V which on Day 1 closed at 0.75. So without access to a PP, if I had invested in that CPC, I would be up 7x on Day 1?
Edit: Does anyone have experience with depositing share certificates into a brokerage or executing share warrants? I have about 4 months before I have to really worry about either, but it seems like WealthSimple doesnt do share certificate conversation and TD won't touch physicals cause COVID. | Td will take it now I believe. They were closed originally but the office is back opened already in Toronto. Just go to a branch and do a securities deposit. Next time ask for digital shares certificates instead.
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02-03-2021, 07:36 AM
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#11135 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
Posts: 3,665
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Originally Posted by 4doorVIP I averaged down on AMC today, kinda wish I grabbed some GME on that deep V | i was thinking about it but thought, how much more do i want to dump into this thing....
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02-03-2021, 07:59 AM
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#11136 | | RS controls my life!
Join Date: Mar 2012
Posts: 768
Thanked 562 Times in 245 Posts
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Originally Posted by blkgsr i was thinking about it but thought, how much more do i want to dump into this thing.... | I normally don't give investment advice online but why subject yourself to such stress... there are safer ways to make money in the market, albeit not at the speed that wsb wants. AMC at this current price is still sitting at 300% year-to-date return. Is there any development in the actual business that warrants the company to be valued 3x what is was prior to this year? We all know movie theater industry was on a secular decline long before covid. Even the most bullish street analyst is pegging AMC at a price target of $5-6 per share after baking in a strong post-covid recovery. But then again, anything can happen in the market and I know its painful to cut your losses. We call this cognitive bias Loss-aversion. The loss-aversion tendency breaks one of the cardinal rules of economics; the measurement of opportunity cost. To be a successful investor over time you must be able to properly measure opportunity cost and not be anchored to past investment decisions due to the inbuilt human tendency to avoid losses. Investors who become anchored due to loss aversion will pass on mouth-watering investment opportunities to retain an existing loss-making investment in the hope of recouping their losses. | |
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02-03-2021, 10:45 AM
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#11137 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Apr 2004 Location: Vansterdam
Posts: 8,082
Thanked 1,819 Times in 944 Posts
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Originally Posted by Obsideon Ugh, whenever that is lol ... looks like we'll be masking up for long long time.
Yeah it pretty much verifies I have no idea wtf I'm doing lol ... got caught up in all the hoopla now I'm down on AMC. Luckily it's not much as I'm usually pretty conservative. | FOMO bro you'll learn. Move on!
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02-03-2021, 10:52 AM
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#11138 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
Posts: 3,665
Thanked 760 Times in 383 Posts
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Originally Posted by GGnoRE I normally don't give investment advice online but why subject yourself to such stress... there are safer ways to make money in the market, albeit not at the speed that wsb wants. AMC at this current price is still sitting at 300% year-to-date return. Is there any development in the actual business that warrants the company to be valued 3x what is was prior to this year? We all know movie theater industry was on a secular decline long before covid. Even the most bullish street analyst is pegging AMC at a price target of $5-6 per share after baking in a strong post-covid recovery. But then again, anything can happen in the market and I know its painful to cut your losses. We call this cognitive bias Loss-aversion.
The loss-aversion tendency breaks one of the cardinal rules of economics; the measurement of opportunity cost. To be a successful investor over time you must be able to properly measure opportunity cost and not be anchored to past investment decisions due to the inbuilt human tendency to avoid losses. Investors who become anchored due to loss aversion will pass on mouth-watering investment opportunities to retain an existing loss-making investment in the hope of recouping their losses. | 100% agree and there's a couple factors that play in to my thought patter on this massively risky play
- average down in "hopes" it comes back up some and i lessen my loss
- buy more share in the (again hopes) it "goes to the moon" and yay i have more
don't get me wrong, the fact that those two statements both contain "hope" is a poor judgement for an investment and i know that
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02-03-2021, 12:44 PM
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#11139 | | RS controls my life!
Join Date: Mar 2012
Posts: 768
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This is what I have been trying to shed more light on with regards to the idea that institutional investors, like hedge funds, are a homogenous blob of establishment that colludes to protect each other when in reality, there are many factions and players to the market. It's also not uncommon for hedge funds to battle against each other (look up Icahn vs Ackman). In this case of GME, Bloomberg reported today that Jason Mudrick’s hedge fund earned $200 million on its GME positions thanks to wsb. Silver Lake Management, a titan in the tech private equity space, also earned over $100 million thanks to wsb. So much for sticking it to the 'suits' lol. Are these funds any more ethical than the ones that lost money on GME? Doubt it. https://www.bnnbloomberg.ca/mudrick-...bets-1.1557916 | |
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02-03-2021, 03:46 PM
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#11140 | | SFICC-03*
Join Date: Mar 2002 Location: richmond
Posts: 8,387
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thinking of going long CCL. they said they can survive 2021 without cruising, so as long as vaccines are coming then i only see good things for CCL as the year goes on. also, who cruises? a lot of older people who are in line to get the vaccines a bit earlier. once people get immunized they will start booking cruises again. currently trading at $20, down from it's pre-covid price of around $50. just based on that i think $30 wouldn't be unreasonable by EOY as long as no major shortages of vaccines. there's a risk of the price not going up in a straight line though, things like outbreaks on ships if they start too early are possible. i'd DCA this one. thoughts?
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02-03-2021, 04:47 PM
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#11141 | | "Entertainment" mod.
Join Date: Feb 2009 Location: Surrey, BC
Posts: 5,117
Thanked 3,432 Times in 1,051 Posts
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Because I got in on GME so low ($38) and I only have three shares, it doesn't eat me as much to hold and see what happens.
However, I decided to go long on the recent IPO for Kits, an online eyeglass retailer based in Vancouver. The CEO managed to previously sell another eyewear company he ran to Luxottica (fuck them lol), and I have a feeling that there's some money to be had in a couple of years.
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Borokusowagen.
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02-03-2021, 04:57 PM
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#11142 | | Need to Seek Professional Help
Join Date: Jan 2005 Location: Van
Posts: 1,047
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02-03-2021, 05:16 PM
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#11143 | | Say! Say! Say!
Join Date: Aug 2005 Location: Japan
Posts: 15,436
Thanked 3,335 Times in 1,464 Posts
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Originally Posted by unit thinking of going long CCL. | I personally rather invest in an airline like AC over cruises.
__________________ Quote: | Owner of Vansterdam's 420th thanks. OH YEAUHHH. | Quote:
Originally Posted by 89blkcivic Did I tell you guys black is my favourite colour? My Ridgeline is black. My Honda Fit is black. Wish my dick was black........ LOL. | | |
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02-03-2021, 06:09 PM
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#11144 | | RS Veteran
Join Date: Dec 2001 Location: GTA
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When I Google'd what CCL was, this is what Google returned: Quote: |
Originally Posted by Google People also ask
Is CCL a buy now?
CCL stock is not a buy.6 days ago
CCL Stock: Is Carnival Stock A Buy Right Now? |
__________________ Quote:
Originally Posted by BIC_BAWS I literally do not plan on buying another vehicle in my lifetime, assuming it doesn't get written off. | | |
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02-03-2021, 10:38 PM
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#11145 | | in the butt
Join Date: Aug 2016
Posts: 2,847
Thanked 3,578 Times in 1,310 Posts
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20% gains on MVIS today, really curious to see whats gonna happen in april once they roll out their testing and demonstrations. 400% gains in 6 months 
Once these guys roll out into more cars and general building automation, things are going to blow up
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02-03-2021, 11:08 PM
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#11146 | | Say! Say! Say!
Join Date: Aug 2005 Location: Japan
Posts: 15,436
Thanked 3,335 Times in 1,464 Posts
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I remember people pumping it when there was a Microsoft buyout rumors.
__________________ Quote: | Owner of Vansterdam's 420th thanks. OH YEAUHHH. | Quote:
Originally Posted by 89blkcivic Did I tell you guys black is my favourite colour? My Ridgeline is black. My Honda Fit is black. Wish my dick was black........ LOL. | | |
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02-03-2021, 11:54 PM
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#11147 | | Rs has made me the woman i am today!
Join Date: Apr 2013 Location: revscene
Posts: 4,235
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Recommendation on brokerage account? Fees don't matter to me. I just want it to be fast to trade, fast to process my transfer, and high liquidity (as in I don't want there to be issues with brokerage when I sell).
WealthSimple and QuestTrade wants 10 business days of processing time for DRS ComputerShares. But everyday that goes by is a higher capital gains hit cause it's currently non-registered. I'll take the capital gains hit into TFSA np but I just need the speed and reliability.
Edit: don't mind trading fees, but account fees kinda suck
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Last edited by BIC_BAWS; 02-04-2021 at 06:58 AM.
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02-04-2021, 08:32 AM
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#11148 | | SFICC-03*
Join Date: Mar 2002 Location: richmond
Posts: 8,387
Thanked 2,866 Times in 1,151 Posts
Failed 153 Times in 76 Posts
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Originally Posted by Razor Ramon HG I personally rather invest in an airline like AC over cruises. | yep it's also a good buy rn. i realize nothing i'm saying is revolutionary, but the timing atm is not bad.. pandemic is probably in the recovery phase as long as the new strains don't completely get out of hand and bring everything to it's knees. optimism is starting to pick up and so it's a good time to get into covid affected stocks.
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02-04-2021, 08:42 AM
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#11149 | | I have named my kids VIC and VLS
Join Date: Oct 2001
Posts: 37,665
Thanked 15,027 Times in 6,000 Posts
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Lol fuck yesterday they had a guest on BNN that was just ruthless regarding the WSB thing
“This isn’t even speculation, it’s Russian roulette. And the majority of people are going to be taken out on a stretcher because that’s what happens when you play Russian Roulette”
He ended with a little poke at WSB (im paraphrasing)
Somthing along the lines of “ok you paid for your new gaming consoles, now fade away”
Lol
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Dank memes cant melt steel beams
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02-04-2021, 08:55 AM
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#11150 | | I answer every Emotion with an emoticon
Join Date: Nov 2002 Location: 604
Posts: 7,954
Thanked 4,406 Times in 2,119 Posts
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^ Sometimes the truth hurts.
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