Jim Cramer just ended Mad Money tonight on a absolute full blown rant on GME / AMC. The time is coming fellow DWAC'ers. Panic.
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đź“ş MEDIA PANIC
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Ignore AMC. The CEO / Board gave themselves raises when the stock went up. No plan to turn around. Nowhere near the short interest. No DSRing of shares. No NFT dividend to force squeeze. No massive LRC bases marketplace about to launch that will change the way digital media is bought, sold, used.
Buy some GME and NOT on Robinhood.
Good point,coke rat cramer was also shilling AMC.
The fact that Cramer's rant was technically pro AMC is all you need to know.
If you are an AMC guy, get out now!
I'm in both simply due to the fact that I could afford more AMC and when GME goes, AMC will go. Most of the SHF's are short on both stocks so when they fail to meet liquidity requirements on one, for any of the reasons you listed above, it will take the other with it.
AMC is the hedge the funds have with GME.
The CEO of AMC has done everything in his power to help the funds including dilute the shares.
Further, the main subreddit for the sub was anti-Direct Registration of Shares.
I would recommend that you move more AMC to GME while GME is at the current price. Your choice at the end of the day.
Adam Arron and other insiders sold their shares too, and due to the share dilution, $100 in GME is worth more than $100 in AMC
AMC might initially act as a booster launching with the GME rocket.
But the AMC booster wont even make it out of the ozone layer. It will plummet while the GME rocket continues to the moon.
Citadel’s biggest weapon is AMC.
Also, in terms of market cap, pound for pound, AMC is more expensive than GME. Not to mention, the MSM only ever brings AMC “influencers” on. Adam Aaron and the rest of the insiders sold their stock.
AMC is the biggest distraction to GME, and you fell for it.
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What would you recommend over Robinhood fren?
https://www.computershare.com You buy shares direct and they are not part of some brokerage holding, they are in your name. Signing up takes a week or two, though.
www.computershare.com FTFY. Link is unclickable
Fixed it, thank you.
Another option, if you are in a typical corporate house, like Fidelity: make your purchase and then call them and have them transfer to Computershare. Having shares in CS is like being that dragon in the Hobbit curled up on his golden hoard.
The best option is DSR through ComputerShare.com That's basically like having paper stock certificates that are removed from the DTC and can't be loaned out or borrowed against like shares "owned" through a broker.
For brokers I like Fidelity. You can purchase on Fidelity and transfer to Computershare with no fees.
Also consider putting some of your shares in a ROTH IRA (Fidelity offers this) so you won't pay 40% short term capitol gains taxes on anything and you can pull it out when you're 59.5. You can buy, sell, trade in that account tax free.