Boiler Room: The Official Stock Market Discussion

[mson]

I want to wait to see this buy back that hedge funds are supposed to do before I sell.

 

[GoldenGlove]

I want to wait to see this buy back that hedge funds are supposed to do before I sell.

 

[mson]

When a heavily shorted stock jumps higher in a rapid fashion, short sellers are forced to buy back borrowed shares to close out their short position and cut losses. The forced buying tends to fuel the rally even further.

Short sellers betting against AMC have incurred a $1.3 billion loss this week alone, according to the data.

Wall Street analysts have been baffled about the more than 1,200% jump in AMC's stock since January. The company, which has around $5 billion in debt and $450 million in deferred lease repayments, has seen revenue slashed significantly due to the ongoing coronavirus pandemic.

While the movie theater business is rebounding, AMC is still facing steep headwinds. Though the company ended the first quarter with $1 billion in liquidity, the most it's ever had in its 100-year history, that cash on hand will only keep AMC stay afloat through 2022. The movie theater chain will also need audiences to return to cinemas in droves to make up for months of no revenue.

While initial box-office receipts are promising, fundamental elements of the movie theater business have changed in the last year, including theater capacity, shared release dates with streaming services and the number of days that movies play in theaters.

For the first quarter, AMC posted $148.3 million in revenue, down 84.2% from the same period a year ago. Its net loss shrank to $567.2 million, or $1.42 per share in the quarter, from a loss of $2.18 billion, or $20.88 per share, a year earlier.

Despite generating significantly lower revenue in 2021, AMC's valuation has nearly tripled thanks to these new retail investors. On the last day of 2019, AMC had an enterprise value of $5.8 billion, on Wednesday, that value stood at around $13.4 billion.

 

[mr. smoke weed]

ipoe needs to just take that short term dive so i can eat off the puts

GM and F leaps breh.

Fact leaps are the name of the game. That and PATH.

 

[mr. smoke weed]

OSTK has a gap at 91.60 to be aware of as resistance. Volume push!!!

Man your confidence has me wanting to cop some long term options....

 

[chineebai]

Man your confidence has me wanting to cop some long term options....

Like any stock you have to manage risk and define your time frame of how long you want to hold. But in my opinion I think there's better value in just stock as opposed to options because it's volatile.

 

[Saysumthinfunnymike]

GM and F leaps breh.

Fact leaps are the name of the game. That and PATH.

I see people on that wave but what strike i assume 1/23. What strike ?

 

[mr. smoke weed]

I see people on that wave but what strike i assume 1/23. What strike ?

1/21/22 $16c

I like buying my calls close to ITM. But never ITM. You could get a $25c and eat.

Also AMD $90c leaps are only like $500, with the semi conductor bill passing.....


Entertainment

 

[Rickdogg44]

I see people on that wave but what strike i assume 1/23. What strike ?

Look at break even (strike + premium) vs current ... (with regards where you think it will be at expiration)

Many say 0.7 delta (in the money )is the wave

 

[JetFueledThoughts]

Nappy Roots - Good Day

 

[SCORCH]

Damn, wish I got into BRCX

 

[mr. smoke weed]

AMC 6/18 40c bought at 5.55 sold at 9.75

Whew meme stocks

 

[Reign X]

Sold amc at $27, regretting that now. Didn’t have many.

blackberry

 

[Based Lord Zedd]

High Tide HITID did a reverse split and got uplisted to the NASDAQ. Nasdaq approves High Tide's application to list | Seeking Alpha
GME going nuts again and I still have a few shares.

It's been a brutal introduction into the stock market for me but nice to see some green.

 

[Idaeo]

What’s the diff between UONE AND UONEK? I meant to buy uone the other day, bought uonek by accident lol. I’m up 23% in two days