The AMC Stock Discussion Thread

bnew

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I lost a good amount on Nokia. It's at $5.00 now and I'm tempted to sell and just take a -$90 loss at this point

sell it and use the cash to buy AMC, hold until september or october or whenever the short squeeze or your price target is reached and thn used the proceeds to buy back into NOK for more shares.

I've exited some other positions just so i can buy AMC.
 

bnew

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AMC is the only play

GME is old news, the bag holders trying to get people to come over because they got stuck in the trade at 300

AMC is the same spot where gamestop was this time last year, only the hedgefunds have twice has many naked shares

those hedgefunds already covered with gamestop which is why the price rose pass 400 hundred, the made money on the stock going all the way down to 40 and on call options when it went from 40 back up to nearly 300 before taking out new short positions, they sitting nice

people look at data without the context and don't understand the landscape as change, shorting a stock when its at 4 dollars it's a lot different than taking out a short position when the stock is at 300

GME is still very much in play.
 

pawdalaw

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How so. AMC hasn’t seen $20 since 2018, it was under $10 before shutdowns and Covid.
Cinemark and cineplex is trading at 20, AMC just acquired a chain that closed this year. The price of GME and AMC is the largest source of misinformation that hegefunds have working for them. They control the price... until it's too late.
 

old pig

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Cinemark and cineplex is trading at 20...

huh???

cineplex is trading lower than AMC

and cinemark is currently less than half of AMC’s market cap so AMC’s price isn’t going to necessarily be flush with CNK’s just bcuz they’re in the same field/category
 

Black Panther

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How so. AMC hasn’t seen $20 since 2018, it was under $10 before shutdowns and Covid.

I think I read somewhere that AMC being a meme stock helped them pay off a lot of their debt.

I bought two shares.
ExDOlHg.png
I'm not risking more than $100 on AMC unless the underlying fundamentals change or the economy opens back up fully.
 

pawdalaw

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this what gets on my nerves the price point of 100 is feasible but now you have idiots saying $1,000/100,000
like come the fukk on :unimpressed:
The reason that these prices are astronomical like that is because once a hedge fund gets margin called all of their assets are liquidated. A computer buys the shares no matter what the price. If people hold their shares and dont sell the computer just keeps increasing the price until all the shares are brought back. This is where GME and AMC come into a squabble. Gme holder feel like they have more control because their share count is lower, AMC feels like they have the upper hand because they have more synthetic shares. There have been about a dozen new rules Putin place because of the GME AMC situation. No one can tell you if they will cap the prices. Basically all of the rules are the SEC telling the hedge funds you created this situation we are not going to bail you out. That's the main reason this has dragged on so long. They want the rules in place so that the world economy doesnt tank behind this.
 

bnew

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The reason that these prices are astronomical like that is because once a hedge fund gets margin called all of their assets are liquidated. A computer buys the shares no matter what the price. If people hold their shares and dont sell the computer just keeps increasing the price until all the shares are brought back. This is where GME and AMC come into a squabble. Gme holder feel like they have more control because their share count is lower, AMC feels like they have the upper hand because they have more synthetic shares. There have been about a dozen new rules Putin place because of the GME AMC situation. No one can tell you if they will cap the prices. Basically all of the rules are the SEC telling the hedge funds you created this situation we are not going to bail you out. That's the main reason this has dragged on so long. They want the rules in place so that the world economy doesnt tank behind this.

also read something about each share being insured up to $100K by the government. if DTCC can't afford it. got to look into it more :patrice:
 

pawdalaw

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I think I read somewhere that AMC being a meme stock helped them pay off a lot of their debt.

I bought two shares.
ExDOlHg.png
I'm not risking more than $100 on AMC unless the underlying fundamentals change or the economy opens back up fully.
That is true. You speak of fundamentals. All the fundamentals say you cant lose. At this point it has nothing to do with business models.having said that. I personally believe the movie theater will never die. Its embedded in our culture. Gamestop on the other hand sucked as a company. Who needs it when you have online gaming, ebay and such? Folks hated gamestop.
 

pawdalaw

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huh???

cineplex is trading lower than AMC

and cinemark is currently less than half of AMC’s market cap so AMC’s price isn’t going to necessarily be flush with CNK’s just bcuz they’re in the same field/category
Market cap does not equate price when we see the hedgefunds manipulating it.
 

bnew

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That is true. You speak of fundamentals. All the fundamentals say you cant lose. At this point it has nothing to do with business models.having said that. I personally believe the movie theater will never die. Its embedded in our culture. Gamestop on the other hand sucked as a company. Who needs it when you have online gaming, ebay and such? Folks hated gamestop.

Yup, I don't give a damn about AMC or GME business model. This is purely a technical play exploiting the greed of hedge funds and the vulnerable position they placed themselves in when they get margin called. looking forward to towards a series of cascading failures on their part to so I can profit off of it.
 

humminbird

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The reason that these prices are astronomical like that is because once a hedge fund gets margin called all of their assets are liquidated. A computer buys the shares no matter what the price. If people hold their shares and dont sell the computer just keeps increasing the price until all the shares are brought back. This is where GME and AMC come into a squabble. Gme holder feel like they have more control because their share count is lower, AMC feels like they have the upper hand because they have more synthetic shares. There have been about a dozen new rules Putin place because of the GME AMC situation. No one can tell you if they will cap the prices. Basically all of the rules are the SEC telling the hedge funds you created this situation we are not going to bail you out. That's the main reason this has dragged on so long. They want the rules in place so that the world economy doesnt tank behind this.
I completely understand why it's going up but 1,000 is impossible for AMC
people will sell before it gets to $1000 and would ruin the whole thing
people just need to have their price in mind because when it starts shooting up all the exchanges will pause it anyway.
I'm leaving at $100 because I bought AMC when it was $2 that's enough for me :yeshrug:
 

UserNameless

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Everywhere...You never there.
People in here really waiting for AMC to hit $1,000 god bless yall


Bless their hearts ... then you have those in here who are blatantly spreading false information regarding AMCs potential upward trajectory . Y’all are worse than the egregious , market manipulators at this point . :ufdup:
 

Kenny West

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That is true. You speak of fundamentals. All the fundamentals say you cant lose. At this point it has nothing to do with business models.having said that. I personally believe the movie theater will never die. Its embedded in our culture. Gamestop on the other hand sucked as a company. Who needs it when you have online gaming, ebay and such? Folks hated gamestop.
AMC is a billion in debt in an industry they cant expand in.

Gamestop has nearly a billion in its treasury switching to a ecommerce and selling computer hardware and esports. Both console gaming, pc hardware and esports are all bigger markets than movie theaters.

GameStop Plans and Intent for Esports » TalkEsport

The reason Gamestop is winning against the shorts is because of fundementals. Boomer shorts sellers and uninformed people Gamestop through a 2019 lens and shorted more shares than exist hoping for them to go bankrupt so they'd never buy them back. Fundementals matter


The fact that people still don't realize this lets me know that there is still much money to made here.
 
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