$GME and $AMC Are Back On Their Bullshit

 

 

And just like that, it's doing it again. One second you're sitting on your couch minding your own business, the next second you see $GME go from 50 to 90 in a matter of minutes. Are you too late again? Do you buy? What is happening? Why does this happen? Can I get a text when it's about to happen so I can get rich? So many questions. But alas, $GME is $GME'ing again. Went up 103% today and over 84% after hours. Oh boy. Not a good day to be Vlad, that's for sure. 

$AMC was tailing it, as it one to do, showing decent gains

 

 

Calling 40% in a few hours "decent gains" is not lost on me.

And so now I guess we get to play this game all over again? I don't know if any of us know the rules yet, but it's fun to watch, and more fun to hop in. So yes, I hopped into $AMC at 9.20 after hours. Not a huge bag because of how much I got crushed yesterday, but enough to be satisfied if it goes crazy at open tomorrow.

The last go around I ended up making 30% on my AMC. My biggest flaw is I'm terrible at selling. I am so good at holding, I'm like the anti-Dave, I never sell anything. I had CCIV at $23 (and kept buying, ending with an average of $30.03) and didn't sell pre-merge announcement when it was at 60. Ended up selling my initial investment at $38 and am letting the rest ride. The hardest part (obviously) is knowing when to sell. For all we knew, it could have taken off in the complete opposite direction at the merge announcement. I would say "take 100% gains when you can", but there's a lot of people who bought PENN at 4 and sold at 10 who would disagree with that philosophy. It's all a feeling out process, I suppose. 

So tomorrow could be fun, could be a bloodbath, or maybe GME goes back to the 400s. Who knows. I mean, I guess the person making this all happen knows. Maybe Roaring Kitty knows. I certainly don't. And people who pretend they do know are the worst, most annoying people. "Coulda told you this was going to happen" when a stock either goes up or down…sureeeeeeee. Oh the "told ya so" in retrospect people are the people who make fun of your sports bet once the game is over.