2~2.5 month of GME bottoming out.
$AMC Entertainment(AMC.US$
Just a friendly reminder about the patience game; on the second peak of GME, 3/8/21(weekly chart interva) it went on a violent slide and didnt find its feet until 5/10/21. In its first month from 3/8 Wall Street hammered it with a sell off, losing about 40% of it’s value very quickly with week on week of bleeding.
Similarly, for AMC, this sell off and then its flat sideways valley is expected, so a couple of months of sideways trading like GME would be no surprise. The more shorts that get caught here in this part of the valley, by overconfidence, the better.
The worst enemy in this game is immediate gratification. Lose your patience, Lose the Game.
Just a friendly reminder about the patience game; on the second peak of GME, 3/8/21(weekly chart interva) it went on a violent slide and didnt find its feet until 5/10/21. In its first month from 3/8 Wall Street hammered it with a sell off, losing about 40% of it’s value very quickly with week on week of bleeding.
Similarly, for AMC, this sell off and then its flat sideways valley is expected, so a couple of months of sideways trading like GME would be no surprise. The more shorts that get caught here in this part of the valley, by overconfidence, the better.
The worst enemy in this game is immediate gratification. Lose your patience, Lose the Game.
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