AMC Update

9 Ağu 2022

Well they pumped it despite bad earnings, if they can't make money during a blockbuster summer season, then they'll never make any money.

But a lot of crap stocks with crap earnings like Wayfair and BYND went up on a short squeeze, and meme stocks are even squeezier, so I don't think this is over yet. Did an overlay using the highlighted area.

Note: Both RSI and MFI are overbought on the daily, so any long position here is pretty risky. No position because options premiums are way too high.

12 Ağu 2022

Not

Seems to be tracking my overlay more or less. Options premiums are too high to play with this

12 Ağu 2022

Not

Still tracking my overlay, if it continues next week then we'll see a dip and whipsaw on Mon/Tues and the rally resumes Wed.

Overlays aren't perfect though.... could just be a one day dip.

16 Ağu 2022

İşlem aktif

Bought the dip today with my HSA account along with some calls in my cash account.

If my overlay is correct then we see $27 again tomorrow

16 Ağu 2022

Not

Forming a pennant, and my overlay says the big pop doesn't happen until tomorrow. Buy the dips when it goes red because the call option premiums go down when it's headed down.

Don;t chase the pops today

16 Ağu 2022

Not

Or just wait until EOD

16 Ağu 2022

Not

BTFD! lol.

16 Ağu 2022

Not

Target for tomorrow is $27.5 EOD, target for next Tuesday is $31. Might overshoot and get a double top at $34

Added a few more here, I'm done for today

16 Ağu 2022

Not

Appears to be moving up earlier than I anticipated, not that I'm complaining. Told ya guys to buy the dips this morning.

17 Ağu 2022

İşlem elle kapatılmış

Bailed this morning for a small profit. Lame.

These short squeezes are so hard to predict, too bad I didn;t get into BBBY instead