AMC and Gamestop Pinned to $40/$200

Discussion in 'Stocks' started by optionsgambler, Nov 30, 2021.

  1. It seems like for months that AMC and Gamestop have been pinned to $40 and $200. Every time these deviate above or below these targets, it seems like we gravitate back.

    Is this just my imagination or are there real flows that are pinning these stocks to these price points?
  2. maxinger


    both of them are in their comfort zone / converging triangle formation / moving in a small range.

    They will remain in their comfort zone over the next few weeks/months/years/decades ....
    until there is some major news/events/miracles/crisis/manipulation ...
  3. traider


    could just be a lack of trading that leads to prices not fluctuating much
  4. Mercor


    The "to the Moon crowd" will not sell or take loss
    And hedge funds and short sellers have stepped back.
    It show how important short sellers are to keep a stock price honest
  5. I still would expect gradual down flows, you eventually need to sell
  6. VicBee


    I don't really agree with your premise. GME may avg around 200, but its movements are fairly predictable between 175 and 245, which is a pretty significant spread. I've been day trading it all year pretty accurately, and would have a great year if not for the miserable failure on other stocks.
  7. Overnight


    The effect of one screaming cat. Fascinating.
  8. VicBee


    o_O every which way I turn your sentence I don't get what you mean, except that you refer to my post.
  9. Overnight


    Roaring Kitty.
  10. VicBee


    ok.. I don't follow the Reddit crowd and had to look him up.

    Yes, I started looking at GME following the craziness around it and TOS tells me I traded the stock 164 times since the beginning of the year.
    Last edited: Dec 1, 2021
    #10     Dec 1, 2021