I showed this video from Tik Tok Investors earlier this month, but I never really commented on it. I’m here to correct that oversight.
As the kids like to say today, let’s “unpack” this in chronological order:
- “I took up a little bit of a new hobby” – A hobby? Not just a hobby, but a little bit of a new hobby? Who in their right mind thinks about options trading this way? Perhaps she’s just really bored with life.
- The wrinkled nose and squinted eyes – At the moment she is enlightening us about the aforementioned little bit of a new hobby, she crinkles up her nose and squints her eyes in what I assume is supposed to be some kind of innocent, “Aww, shucks, gee whiz” kind of schtick.
- “I’m kinda interested in day trading” – Day trading. You said day trading. Miss, what makes you think this thing you are doing is day trading? Simply because you placed the trade during the day? It’s apparent you have no clue.
- “I bought it at $15 a share….I’ve been waitin’ for the dip”– This is self-contradictory. If you were waitin’ for the dip, you would …………..wait for the dip. You would not buy it at $15 (which, by the way, was the tippy-top; see chart below) if you intended to wait and buy it lower.
- “This morning it went down to 11.51” – She announces this in a gleeful, sing-song voice which implies that she’s absolutely delighted that her investment has already plunged in value in a matter of days. It’s fallen much more since then, but still.
- “So I snatched up some more” – Ah, yes. Averaging down. The absolute hallmark of a beginner who hasn’t the faintest clue. Will you “snatch up” more at $8, $6, $4, and all the way to zero?
- “…they have been selling out all showtimes.” – Nonsense. Poppycock. Horseshit. California theatres are not “selling out”. But you appear to be basing this on something you heard from…………
- “People on YouTube…..” – Indeed, the go-to source for solid data for any Wall Street professional. The people on YouTube.
- “…..say this could be the next Gamestop” – As the quote from the Princess Bride goes, I don’t think that word means what you think it means. I assume this bubblehead is implying that AMC will explode higher like GME did late in 2020 and early in 2021. I actually agree with her that AMC will be the next Gamestop, but for very different reasons.
- “Shares could go for $2,000 a share.” – Wow! OK! So up 200-fold! And I’m glad you clarified that the proper measuring unit for “shares” is a “share”.
- “Umm, some people say $1,000” – I daresay some people from YouTube, right?
- “I’m ready to hold and take it to the moon” – Uh-huh. Take it to the moon. You know your memes, lady.
- The huge glasses and those Romulan eyebrows – Are those glasses intended to make you seem intelligent? Rick Perry didn’t fool me, and neither did you.
Here’s the latest chart of her little bit of a new hobby. I suspect vastly lower prices are still on the way.
