I think AMC likely to hit 100 this week.
dont recommend anyone get in it if they dont have an exit strategy and don't plan on watching it insanely closely.
these stocks are insane with insane movements that aren't always easy to predict... but there will be opportunities to make money if you don't get greedy.
if you get in, and make some money, and see that it keeps running... dont chase. chasing will kill you ever time. just be happy you made a bit of money.
one possibility to play it safe but still take profits is something like this:
Say you buy 10 shares. Current price is $55 (that could change pre-market)
Sell 2 shares at $60
sell 2 shares at $65
sell 2 shares at $70
sell 2 shares at $75
let the other 2 shares ride.
... assuming it's $55.. as soon as it reaches say $65 tell yourself that you will sell all shares no matter what if it hits $58.50 after hitting $65.
something along those lines.
these $5 increments seem to be levels of support and resistance... It's not uncommon for it to hit $65, then retrace back to $60, then even dip a little bit below that.. maybe $59... but then bounce back up.. so you give yourself a little bit of wiggle room and call it $58.5 or $58 even.
but dont recommend anyone get in this unless they have a little bit of money to play with, if they have a low risk tolerance, or the discipline to get out with profits and then stay out.
