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06-02-2021, 11:18 AM | #9766 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Posts: 46,113
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06-02-2021, 11:19 AM | #9767 |
Mammoth penis
Join Date: May 2006
Location: Springfield
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This is mostly whales, don't kid yourself. Retail alone could not even come close to moving the price like this. And all at once they will coordinate a sell and crash the price. They did the same thing twice with GME.
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Posts: 11,434
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06-02-2021, 11:24 AM | #9768 |
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Join Date: Jan 2009
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Posts: 64,327
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06-02-2021, 11:38 AM | #9769 |
Deus ambulans inter homines
Join Date: Mar 2005
Location: Chicago
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They haven't even covered. Hedgies are buying and dumping to trigger the halts. Retail isn't shaking and selling off scared. This has legsssss
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Posts: 14,918
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06-02-2021, 11:39 AM | #9770 |
Deus ambulans inter homines
Join Date: Mar 2005
Location: Chicago
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75% of AMC isn't traded. Just held by retail with reerun strength. That's why they can't own the float
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Posts: 14,918
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06-02-2021, 11:46 AM | #9771 |
I’m a Mahomo!
Join Date: Aug 2004
Location: Mid-Missouri
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Buy & Hold and watch your money grow!
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Posts: 54,038
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06-02-2021, 11:47 AM | #9772 |
Banned
Join Date: Jan 2013
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Posts: 53,803
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06-02-2021, 11:47 AM | #9773 |
MVP
Join Date: Jun 2004
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Posts: 6,935
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06-02-2021, 11:52 AM | #9774 |
Banned
Join Date: Jan 2013
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AMC Entertainment Holdings said Wednesday it will launch a new communication platform on Thursday to directly connect with its individual shareholders.
Under AMC's communications initiative, shareholders will receive exclusive promotions, including free or discounted items and invitations to special screenings, as well as communications directly from CEO Adam Aron. Investors who sign up for Investor Connect were promised a free large popcorn when attending a movie this summer. "AMC Investor Connect will put our company in direct communication with a retail investor shareholder base that owned more than 80% of AMC at last count," said Aron. "We intend to communicate often with these investors, and from time to time provide them with special benefits at our theatres." |
Posts: 53,803
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06-02-2021, 11:57 AM | #9775 |
I’m a Mahomo!
Join Date: Aug 2004
Location: Mid-Missouri
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Investing megathread extravaganza
It’s doubled today. Crazy.
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Posts: 54,038
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06-02-2021, 12:00 PM | #9776 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
So hard to predict how far it goes but the dump will be pretty swift at some point. |
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Posts: 46,113
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06-02-2021, 12:03 PM | #9777 |
I’m a Mahomo!
Join Date: Aug 2004
Location: Mid-Missouri
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06-02-2021, 12:08 PM | #9778 |
Banned
Join Date: Jan 2013
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Talk in crypto is money flowing out of there to AMC.
Crypto is pretty stagnant today |
Posts: 53,803
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06-02-2021, 12:21 PM | #9779 |
MVP
Join Date: Jun 2004
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Posts: 6,935
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06-02-2021, 12:59 PM | #9780 |
I’m a Mahomo!
Join Date: Aug 2004
Location: Mid-Missouri
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I knew the doomsayers would be out in full force.
Most professional strategists are advising retail traders in AMC's stock to be cautious after its latest one-day insane move higher that is completely devoid of fundamental analysis. "When the music stops, this stock is going to fall hard in my opinion," said Miller Tabak strategist Matt Maley on Yahoo Finance Live. Shares of AMC exploded more than 100% in afternoon trading on Wednesday, leading the way in a renewed bid by retail investors to send meme stocks such as GameStop, popular earlier in the year, back to dizzying new valuation heights. AMC's stock price was sent into overdrive starting on Tuesday, as the company — which like other meme names has weak fundamentals for a myriad of reasons — unveiled an 8.5 million share sale. The company fetched $230.5 million in the sale to investor Mudrick Capital (which then reportedly sold the stake, saying the stock was overvalued). The movie theater chain has reportedly earmarked the money for the acquisition of closed theaters. Shares have also been boosted by a favorable box office performance during Memorial Day weekend, experts said. AMC's market cap now stands at a lofty $30 billion in spite of steep losses through the COVID-19 pandemic and an uncertain post-pandemic life. Maley added, "Some people may think it [AMC] could go to $50. But if you think that, you are betting on a Tesla-type game plan here where they [AMC] could change the world. I don't see that." Maley made those comments earlier in the day when AMC shares were trading around $36. As of Wednesday at about 2:45 p.m. ET shares were around $61. |
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