AMC & GAMESTOP: WHY I LIKE THIS STONK πŸš€πŸš€πŸš€
I BOUGHT MORE AMC πŸ’ŽπŸ™Œ
Quadruple Witching πŸ§™β€β™€οΈπŸ§™β€β™€οΈπŸ§™β€β™€οΈπŸ§™β€β™€οΈ: https://youtu.be/kX6R-iEGwYQ
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What's going on moon gang, it's me matt. You know the duxer guy, i hope you're having an amazing day. This video will be a stock market wrap up for what happened in the markets today on thursday march 18th, we have a couple things. Definitely important things to talk about, of course, we'll be touching on.

What's going on in gamestop amc, we have to be talking about the overall market i'll be talking a little bit about tesla, but overall couple important reminders for you number one. Don't forget that tomorrow, friday march 19th is quadruple. Witching basically just expect more volatility in the market tomorrow. If you want a better idea of what quadruple witching is i'll link, a video in the description below also don't forget to join up with the moon gang by hitting the subscribe button.

If you don't want to miss any of the monday to friday live streams or update videos such as this one, all you have to do is go over that bell: icon click on it and switch it always and finally, don't forget if you want two free socks Check out that link to weeble you'll get one for signing up and then another for depositing a hundred dollars alrighty, let's hop right into it, uh, let's click things off with a very quick portfolio update. I have two public portfolios uh, i just basically really doubled down. I more than double down on amc um. Those are the new positions uh on this one in this account on the weibull account.

I have five call options that expire tomorrow, 15 strike. Basically, i'm just bending that amc is gon na have a good day tomorrow. This is a high risk to reward play. It's already out of the money.

I only have one day till expiration: the chance of this paying off is low, but if it does pay off, it'll be a big payout, and i i have five of those in this account uh we're going to talk about tesla in a bit. But finally, those put plays are in uh profit other than that i haven't changed anything amc's the new play in this account and then for the robin hood account, which is barely positive on the day. Uh didn't change anything except for the fact that i also bought the same strike. Price amc calls expiration tomorrow.

I bought 12 of those. So overall i have 70 new amc calls all expired tomorrow, strike price 15, a rough average around 60 cents per one. So we'll see how that pays off once again: uh, i'm not a financial advisor. I would not advise that anyone copies me.

It is a high risk to reward play. The chance of this paying off tomorrow is low, but if it does pay off, it should be a very nice payday, so make sure you're tuning in to the live stream tomorrow see how that pays off. Okay, now before we go into specifically what's going on with amc and gme, i do want to quickly talk about the overall market. So here's the daily chart of the s p 500 uh.

Yesterday it hit a new all-time high, it's 398 uh, 0.12 uh, and then today it was a red day. The the market dropped 1.5 percent. I'm already seeing all these like youtube's comments of doomsday we're selling off market crash. I mean it might turn into that.
I really don't think it will, but let's just keep, we just hit a new all-time high. How can one drop day of 1.5 of a decline like? How is that a doomsday scenario? Let's i mean keep in mind of where we are overall in the big picture. Who knows this could turn into a doomsday scenario, i'm in no way calling for that. I think the statistical likelihood of that happening is very close to low.

Let's keep take a breather. It's gon na be okay. We just had a new all-time high, like ever yesterday, it's okay to have a a one day red day. It's gon na be fine um, it's worthwhile to keep pay attention to i'll, be paying attention to this blue trend line i'll be looking for a break of that, but for now everything is completely fine.

I just want to address that because i'm already seeing like quite a few things about like oh this is the end. It's not the end. It's okay, it'll be okay, um. Also, another important update is so.

This was posted on reddit, it's from hey, it's pickle! Pixel! Excuse me: hey it's pixel. It was just posted. Yesterday there is a new dcc uh rule that just passed. It was passed last night uh, it's a clear and corporal it's.

Basically, it deals with stock market plumbing. What's going on in the background, you can read this if you want to check it out, but i just want to give you the highlights, because it does impact basically hedge funds in the overall market. What does uh? What effect does this rule have, especially in the current situation? In plain english hedgies, had to report their positions on a monthly basis due to dcc prior to the rule, change? In addition to that, there was a contradictory rule that stated daily reports had to be submitted, as hedges were able to cite this contradiction as a reason to ignore the rules. Now, that's given that they don't have a choice but to comply.

This means submitting daily reports and opening up their accounts to the government if the balance threatens other ncss members. So, basically before it sounds like there was some sort of contradiction where one rule said daily. If the dcc asked for it other than another, said monthly and because one said monthly, that's what the hedges were falling, but now, basically, if the clearing corp ever asks, it means that the hedge funds have to report their position. If the bounce threatens other ncss members.

Um, so tldr new rule is in effect, now um. So definitely as you're watching this, this is already roll in place. It does benefit us. What does it do? Hedges had to report the positions on a monthly basis to the dcc this subject of this rule change is remove the requirement for participants to submit monthly position confirmations and clarify participant obligation to reconcile activity on a regular basis.

So, basically, now there's no skirting around it. If this clearing corp does ask the hedge funds have to report it, and this has to deal with like the synthetic shares potential naked short positions, basically um, it kind of what the hedge funds were doing, it kind of stops them from doing that of, like maybe The things that they were living in the gray area - it's attempting to put a hall on that. I'm sure, of course, whenever it comes to rules like this, there are other loopholes, but as of now and feel free to check this article out, it does seem to cover close one of those potential loopholes alrighty. So that's that i will make sure to post this.
In a the post below um, in the description below i mean so now, let's talk about amc amc closed out the day at fourteen dollars. It gained three point: two, four percent. I know it didn't feel like a good day um, but it closed positive. That is good for us.

Remember. Whenever anyone's shorting it they're paying an overnight suite, is overnight fee to swing it, so that's a big benefit for us. Another big fundamental update for amc is basically by the end of the month, they're um out in california. I was reading articles that they're expected to like 90 of the theaters, are going to be open, so that is amazing.

All this opening at the world is returning to normal. This is a huge, huge fundamental update for amc, because it will help their bottom line um. I know that's a little bit outside of the world of this potential short squeeze, but, like remember, we live in a world where any potential positive development it could really start the the domino effect. The snowball uh like push the snowball down the mountain as it starts to pick up um we're still looking for the second short squeeze, potentially gamma squeeze, basically we're all still just waiting around waiting for this massive squeeze and there's a lot of things.

At least in my opinion, remember not a financial advisor, but that i'm just very bullish on i mean um states. Various states are opening to higher and higher capacity. That's going to happen, um that's going to help amc as more theaters are open. Fundamentally, that's just going to help their bottom line revenue on top of that um, it seems like every day is a green day.

Remember if we're going sideways or up that is painful to the shorts because well up, obviously they want it to go down, but sideways they're, paying an overnight borrow fee. So every day we're the stock isn't crashing. I put that as a win for us um. Overall amc is at 14 tomorrow, i'm looking for 15.

15. 56 16. As you can see today we had a double top rejection. At 14.54 we saw a similar high back on march 15th, double top rejection, but we didn't see a hardcore selloff to that.

In fact, we saw a perfect downward channel pretty much always all day. Remember that in the world of technical analysis, downward channels are referred to as both legs and that's because they commonly break upward. So i was looking for that. It didn't happen by the time.
The market closed, but i'm hoping tomorrow's a gap up we'll see what tomorrow brings but the first resistance. I'm watching is 14.50 past that i'm watching that key psychological level of 15 and once we break 15, i think it's easy sailing up to 16.. Those are the technical levels i'll be watching in terms of the downside, uh, really the main support, i'll kind of be watching. There's a little bit at 1350 1357.

We saw multiple rejections there, i'm looking for that resistance to turn into support and pass that we have a region of support b12 between 1290 and 13. So that's more of like if things go sideways tomorrow, but remember expect big volatility tomorrow, because there's quite a few call options for both amc and gme expiring. So people will be jockeying for position trying to make new positions. So no matter what happens? I'm expecting a lot a lot of volatility um in amc and just a quick update here.

This is what amc's daily chart looks like just more of a bigger picture. Wrap up people today were asking me about a cup and handle we're, not really. In that scenario, a cup and handle would be this situation, the cup and the handle, and then the bullish follow-through, so a new cup and handle would actually be to 1725-1725. Then you get a handle so right now.

No big technical pattern, honestly in the daily part in the daily chart to me. I just see a lot of bullish momentum. So that's a good thing and obviously we always do this. An update on the short shares available.

It's 4.8 million um uh update on yesterday, 78 million shares were traded. 10 11 million were really short volume, so the short volume ratio is still decently high 14. So that's your amc, update uh technically, i think there's a lot of reasons to be happy. Fundamentally, there's definitively a lot of reasons to be happy and this new dtc root cc rule, i think, does benefit us um in terms of retail look people looking for the short squeeze now, let's switch up gears to gamestop gme, so, depending on where you draw this Trendline, you could look at it two ways.

First, you could connect this high from march 10th until the high on march 15th, and you can see we're right now battling it out at the trend line or you could connect it to this high on march 12 and you could say: hey. We already had a breakout um technical analysis is never going to be perfect, it depends how you look at it. I try to be a little bit more honest and the fact that for the past day, really this whole day we were following this down. It makes me feel feel that this is the right trend line, not that there's ever such thing as a right trend line, but for now my point is is that this is what i'm watching for tomorrow.

I'm really really hoping that we retake this region region from 200 to 212. Previously it was resistance, then it turned into support and now once again, 212 is act against resistance. We want this breakout past that i'll be looking a little bit at 230 support resistance and then, from there really 250 and 280. I would be amazed.
I would be so happy tears of joy if we hit 280 as early as tomorrow, um and the reason i'm bringing that up is let's look at the daily chart. Just so you know gme um. It was down 3.8 today, but in post markets up point four: six percent, as i'm filming this um. Overall it wasn't a win, it wasn't a lose.

I mean, i think, it's more of a neutral day but anyway before how we were talking about a cup and handle so it on the bigger picture. If we look at this as the cup and handle kind of from this region of like right around 300 back to 300, if we get a nice follow through back up to 280, that's closer to the classic technical pattern of a cup and handle. So i would love that, basically, if we somehow bounce up to 280 we'd have a nice handle and then i would fully expect a very, very strong bullish follow through on that one. But overall i mean geez.

Today's volume on gme was uh, 11.7 million shares were traded. The average volume over the past 10 days has been 58 million, so that's less than a fifth of it right now. Just there's no volatility. There's no volume on gme, it's just kind of it's.

Do it's just drifting a little bit up drifting a little bit down it's not doing much! So i'm really really hoping that there's volatility that picks up in gamestop tomorrow. But let's see how that goes. Um but we'll see, i mean tomorrow's going to be a big volatility day, a lot of options expiring, so i'm hoping that this turns around and i'm hoping that it turns around in our favor. So not only a lot of volatility, but i want it to be.

Obviously, in the upward bullish direction, um on top of that quick reminder right here: let's just check this um 150. 000 short shares available, so this has actually gone down, as in more people were taking, not necessarily a short position, but they at least rented out the shares too short. So people um - i we don't definitively know if they took this short today, but they at least took the rental on shares too short um. So right here, if you're questioning can gamestop slash, amc still be in a squeeze.

Is that so potential in my book? The answer is definitively yes, it could a squeeze, still happened. 100. Yes, that's what i'm looking for um, but remember this is just my opinion. Um i still own gme calls.

Gme shares. Amc shares. Amc calls i own all four for both stocks um. So i'm fully bet on it.

I have a lot of money, betting that they're gon na go up quite a few of these actually expire tomorrow, some expire next week. So i'm looking for this to follow through, but i'm still diamond handing it as much as i can um. So i would love to know your thoughts on both gamestop and amc below um. Really.
My question now is like i know a lot of you watching this video are very excited and fully believe in the chances of the squeeze. My question to you is: do you think it's going to happen tomorrow with quadruple witching, or do you think it's going to get pushed off to next week? Let me know in a comment below but other than that, my other big position that we were talking a lot about on the live stream. Today is tesla, quick update on that uh. They expire next friday march 26th.

They are puts, as in i'm betting, on it going down and the strike price is 6, 15. um. So the reason i picked that is more for this. I had calls uh.

When tesla broke out of this trend line, then it went nowhere. So i lost quite a bit of money, but then, when i saw it failing at 6.95, that's when i bought puts - and today there was a bit of a bearish follow-through on that - i think it's actually better depicted on this 30-minute chart here. So basically, what we can see is that we had that nice trend line breakout and then tesla did a whole bunch of nothing. It was kind of range bound and now it's kind of bending back over.

So what i'm looking for is to see if it's either going to find support at 650 or breakthrough if it finds support, i'm going to quickly cut my position, hopefully in a profit, but if it breaks through that, i'm looking to collect my profits in this region. Somewhere between 600 and 615, that's my trading plan just to clarify this is a short term play. I own. A lot of shares of tesla in my private account my cost basis.

I mean i've been buying them every couple months for the past couple years. Overall, in the long term, i feel very very strongly that tesla is a great long-term winner. This is just what i'm doing right now, um, especially if we see a little bit of the market. Take a healthy correction.

I think tesla will too, and i'm looking to collect my profits on my puts right here, but in the long term, don't forget that. I really do believe that tesla's a great long-term winner and besides that quick comment on bitcoin bitcoin looks phenomenally strong. It hit 58 000 came down, and then we formed this trend line trend line hit one two three four five times. This looks like a very strong trend line: um, it's not a perfect cup and handle, but look at we have this nice cup forming a handle.

Coming back very soon way, sooner rather than later, i'm expecting a test of 61 780, basically a test of the current all-time high and from there i'm expecting it to break through. I think the first resistance in my book will be 65 000 a little bit of a psychological level. But i think that the main key psychological level that a lot of people will be looking for is 75 000 per coin. And i truthfully believe that bitcoin can get there.
I've been buying bitcoin in my block by account there's that link below. If you want to buy bitcoin or ethereum, that's where i've been buying it, i'm not swing, i'm not day trading, it really even swing trading. It. I'm a long-term investor, i'm slowly, i'm slowly but surely buying it and that's my plan with both bitcoin and ethereum ethereum's a little bit different after breaking down from this wedge.

We came back, and now it's just messing around in this region of resistance. Now it's kind of acting as support, so i'm hoping for this to hold a little bit of bullish follow-through and then i'm looking for another test of 2000 at this moment in time. I also have dogecoin i'm just swinging it. It's just a fun play as more and more really celebrities and stuff are talking about it.

I think we could get a nice push up to 10 cents, maybe even 50 cents, 75 cents, a dollar - i'm not a long-term investor in dogecoin - i'm definitely swing trading. It because i think it's a nice way to make some money, especially when you have more and more celebrities kind of talking about it. It gets people excited and it pushes it up. So that's overall, my plan with crypto so to um.

Basically summarize, all this the market is not crashing. We just hit a new all-time high. Yesterday, it's down 1.5 percent today, not a big deal. Don't let anyone like fear monger to you on that tomorrow, it is quadruple witching, i'm expecting a lot of volatility.

If you're curious about what quadruple witching is make sure to check out that video below overall, i'm expecting a lot of exciting things in both gamestop amc and, of course, just because of my tesla position, i will be paying attention to that. But for the portfolios. All my new positions today are amc. Calls that expire tomorrow, high risk reward play.

I would not recommend you copying me on that one uh just because i honestly don't know how it's going to play out. I wish i had a crystal ball, but um it to me. It's just a fun bet: let's see how it goes other than that don't forget to join up with the moon gank by hitting the subscribe button. If you don't want to miss any of the live streams or video updates like this go over, that bell account click it and switch it to always, and don't forget that you could get two free stocks by signing up for weibo one for signing up and another For depositing a hundred dollars, if you choose to do that, i would love to know what two free stocks you get.

Let me know whether it's on twitter instagram on the live stream, how you can just reach out to me. However, you would like - and until i see you next time remember from me chair and duck shirt best of luck in the markets, you.

28 thoughts on “Amc gamestop: why i like this stonk i bought more”
  1. Avataaar/Circle Created with python_avatars Ryder CM says:

    Next week? Next month? Don't care, I'm holding my shares like they're made of diamonds

  2. Avataaar/Circle Created with python_avatars Rick Monroe says:

    Should I buy my shares back on Monday? I sold yesterday. Hopefully it drops more early in the week, then I will get back in.

  3. Avataaar/Circle Created with python_avatars nicholas lotta says:

    IF THE MARKET'S CLEARLY MANIPULATED LIKE THIS TO WHERE THE HEDGE COMPANIES WILL NEVER LET THE RETAILER INVESTORS MAKE REAL MONEY WE SHOULD ALL JUST BOYCOTT THE STOCK MARKET AND JUST MOVE THE CRYPTO

  4. Avataaar/Circle Created with python_avatars phalanger1 says:

    The statistical chance of that happening is very close to low XD

  5. Avataaar/Circle Created with python_avatars Crak says:

    True Ape with your 4 by 4 AMC and GME Call/Shares position!!! STAY STRONG! we might get the mother of all SHORTS today to absolutely crush morale since people are expecting today to be the day we moon, just stay strong, buy if you can, and HODL!!!!πŸ¦πŸ¦πŸ¦πŸ¦πŸ’ŽπŸ™Œ πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€

  6. Avataaar/Circle Created with python_avatars Kevbot says:

    Thinking it will start today and continue through Monday and Tuesday for sure.

  7. Avataaar/Circle Created with python_avatars I D says:

    I'm guessing MMS are doing everything to stem the bleeding, and since ssr isn't on I think the most exciting action is coming next week.

  8. Avataaar/Circle Created with python_avatars Nathan Ninja says:

    does anyone else cringe when they see someone trading on robinhood? amc lets go. diamond hands! I'm all in too

  9. Avataaar/Circle Created with python_avatars Jeff Karbow says:

    Because there is so much hype surrounding tomorrow, I have low expectations. It has seemed that the big breakouts come on days we lest expect it. No matter what I am hodling.

  10. Avataaar/Circle Created with python_avatars Joshua Palmer says:

    Don't worry, I went even more yolo. I bought $25 strike for $2 each Thursday expiring Friday as well, loaded 25 up to my 10 that got hammered since Monday.

  11. Avataaar/Circle Created with python_avatars Airborne Ranger, 1 each says:

    To the moon..lift off at 0930 hrs my friend,!!! πŸ’ŽπŸ’ŽπŸ’Žβœ‹βœ‹πŸ–οΈβœ‹πŸ–οΈβœ‹

  12. Avataaar/Circle Created with python_avatars Jordan brown says:

    This new DTCC rule is awesome for retailers. It makes the market super transparent (how it should have been initially). Let's hope hedgies don't find a loophole to this new rule.

  13. Avataaar/Circle Created with python_avatars IzzyDoesIt! says:

    Good talk Matt! Lol I needed you get my head on right about AMC lol

  14. Avataaar/Circle Created with python_avatars Tim McNeill says:

    Did my first swing trade. Then bought 300 shares of amc. Not a dead cat.

  15. Avataaar/Circle Created with python_avatars Swooshpreme says:

    If it squeezes before my exit price I will ride it until it starts to fall

  16. Avataaar/Circle Created with python_avatars Devin Mills says:

    No way the squeeze happens tomorrow. I fully expect that they try to drive the price down based on how badly they shorted ETFs the last week. I think they’ve been saving up to hammer GME tomorrow to kill morale. As long as we hold, there are a lot of catalysts next week that could raise the price, and even force a squeeze. I think $400 is really the number we have to reach until Citadel gives in and it gets out of control.

  17. Avataaar/Circle Created with python_avatars Transparency Project says:

    Anyone selling doesn't have a wife's boyfriend

  18. Avataaar/Circle Created with python_avatars E G says:

    U have balls of steel.. hope our calls go thru tomm

  19. Avataaar/Circle Created with python_avatars Proud American says:

    Hey ma…!!! He did that voice again!! 🀣

    But seriously, thanks for the update. Rest up and eat some tendies, tomorrow could be wild.

  20. Avataaar/Circle Created with python_avatars Zenakuu Good/Evil says:

    GME won't have volume tomorrow lol it's a bust.

  21. Avataaar/Circle Created with python_avatars Matthew Effendy says:

    IMHO next week and moving forward is where our tendies lay like "ooooo, a piece of candy"

  22. Avataaar/Circle Created with python_avatars Chad Covey says:

    Remember with extreme volume usually triggers market halts, which makes it really tuff for it to sky rocket, not a Greg just saying.

  23. Avataaar/Circle Created with python_avatars Patrick Hager says:

    Im guessing tomorrow is lighting the fuse for next week launch. Though of course hoping the launch starts tomorrow!

  24. Avataaar/Circle Created with python_avatars Dust Ant says:

    I never walk out of the casino with craps in my pocket

  25. Avataaar/Circle Created with python_avatars Evan Acker says:

    Hey Matt are you a PSU grad? I'm looking into their finance program.

  26. Avataaar/Circle Created with python_avatars Heightsmark says:

    Hedges are cheating plain and simple. They are the reason it hasn’t jumped

  27. Avataaar/Circle Created with python_avatars Hodler4Todler says:

    I’m not betting on much to happen Friday mr.19 due to all the hype the hedgees are aware of. I think they will do what they did last time and drive it down, make it boring and when people don’t expect it….boom! Or maybe we trade sideways for a bit and explode to 500$ I can’t decide

  28. Avataaar/Circle Created with python_avatars Spacemanmo says:

    I’m not banking on it being tomorrow. I do see a gap up happening followed by a wild ride but believe this needs to play out slow like the past three weeks to have a healthy explosion. But what do I know. I’m a space cadet ready to see my 2,375 shares take me to the moon.

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