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06-02-2021, 12:00 PM | #9796 | |
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: 46,067
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06-02-2021, 12:03 PM | #9797 |
I’m a Mahomo!
Join Date: Aug 2004
Location: Mid-Missouri
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Posts: 54,038
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06-02-2021, 12:08 PM | #9798 |
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 | #9799 |
MVP
Join Date: Jun 2004
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Posts: 6,901
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06-02-2021, 12:59 PM | #9800 |
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. |
Posts: 54,038
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06-02-2021, 01:04 PM | #9801 |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
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Posts: 142,668
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06-02-2021, 02:03 PM | #9802 |
I’m a Mahomo!
Join Date: Aug 2004
Location: Mid-Missouri
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A very successful day.
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Posts: 54,038
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06-02-2021, 02:04 PM | #9803 |
I’m a Mahomo!
Join Date: Aug 2004
Location: Mid-Missouri
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Investing megathread extravaganza
I became a millionaire in one day. Crazy. $429,000 to $1,065,424 in one day. Last edited by KChiefs1; 06-02-2021 at 02:09 PM.. |
Posts: 54,038
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06-02-2021, 02:14 PM | #9804 |
Just a li'l Evel
Join Date: Sep 2005
Location: Bald. Goatee. Jorts.
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Well I'm not bummed about selling AMC at $26 last week. Mostly because I only owned 20 shares
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Posts: 11,924
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06-02-2021, 02:15 PM | #9805 |
Spooky Action
Join Date: Dec 2003
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Posts: 6,404
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06-02-2021, 02:35 PM | #9806 |
Mammoth penis
Join Date: May 2006
Location: Springfield
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If anyone feels like it's too late to get in on AMC, BB looking like a great candidate for the next squeeze with a lot of retail support.
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Posts: 11,432
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06-02-2021, 02:48 PM | #9807 |
I’m a Mahomo!
Join Date: Aug 2004
Location: Mid-Missouri
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Posts: 54,038
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06-02-2021, 02:50 PM | #9808 |
I’m a Mahomo!
Join Date: Aug 2004
Location: Mid-Missouri
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Posts: 54,038
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06-02-2021, 04:30 PM | #9809 |
Mammoth penis
Join Date: May 2006
Location: Springfield
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YOLO'ed $20k into BB after hours @ 14.81. I'm either going to be very happy tomorrow or suicidal.
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Posts: 11,432
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06-02-2021, 04:31 PM | #9810 |
MVP
Join Date: Jan 2013
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Posts: 10,752
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