Time to join for squeeze #2 in my lifetime.
I decided to splurge on $8 01/19/24 leaps and I’ll be quietly watching for dips below $5 to load shares. I was part of GameStop’s squeeze and I admire everyone here who HODL’s. A lot of misinformation and intimidation is to be expected- I was ridiculed and mocked endlessly for owning GameStop by my coworkers until the day I walked in and quit, January 22nd 2021 IIRC as they sat in silence watching MSNBC gaping at the price barreling above $390. I cashed out around $450 when as I remember like yesterday, Robinhood disabled the buy button.
I walked away with a brand new Series X, multiple custom jackets for my wife, tons of toys and a mini electric Lambo for my daughter, months of rent paid back, and savings with four zeroes after a bunch of fancy dinners and living the dream with my wife.
If you own shares, congratulations. As the float further decreases and AMC, owing all of you investors for putting your money towards keeping their business alive, Wall Street is quietly seething that the speed of information sharing has given retail traders the power they once coveted, working together at private wealth parties and expensive bar stools, keeping retail out with commissions on trades and no easy to understand apps.
In order for us to squeeze, people must buy and hold shares. Obviously this is not financial advice, this is completely up to you to spend your money wisely, or not. That being said, us retail traders have a right to like a company, and share our desire to keep that company alive by telling family, friends, and everyone who may too, like said company, to buy shares of said company.
I enjoy movies on the big screen, with IMAX quality standards in place to ensure my experience is unforgettable. It’s an opportunity to share something fun and memorable with the family, or even alone as a gift to yourself. AMC knows that if retail didn’t take interest in them, they would never have survived the economic headwinds of COVID lockdowns. Why should millions of people lose a movie chain that provides jobs to hundreds of thousands of people from the theaters themselves, to companies that provide the entertainment and technology, just because a wealthy few would see an easy target and stop at nothing to destroy it just to make money for themselves?
If you are still here with me, I will be here with you.
Edit: For anyone who will criticize me selling GameStop at the peaks, the point is that I took the money from rich bankers to support my family, and it is your choice how high you want your profit to be when you take it. Even if it’s just $50, $500, or $5,000, the point will be made to hedge funds and market makers. The SEC will be forced to scrutinize why naked short selling is allowed. We cannot fix a broken system unless we stick together and the only time change happens is when those in power see their money vaporizing.
submitted by /u/TheModeratorWrangler
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