The AMC Stock Discussion Thread

[FaTaL]

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.

Is that why yesterday’s new rules are so important? Blackrock must have a woody waiting in the cut

 

[humminbird]

Anybody watching Nokia? I still have some shares since Jan

Yeah it’s going up

 

[pawdalaw]

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.

Thank you for sharing that. Those are very valid points and has a lot of potential longterm. But most of us are into one or the other for the squeeze (I'm into both). Movie theaters are not going anywhere. Adam has been steadily erasing the debt. He's raised 900M since 12/20. This upcoming share count Is going to expose how heavily the hedgies shorted AMC. a $10 dollar stock is the worst thing that happened to them because people have been buying into it like crazy where as GME's price is a safety net for them. your new investor isnt willing to invest a car note for it to sit for months. I say all that because whatever GME's float been shorted you're going to have to multiply that for AMC. this will make AMCs squeeze that much more violent... Even if paper hands sell early there are so many naked shorts remaining that the hedgies are doomed.

*thanks for bringing facts to the table and mature discussion. We have a lot of naysayers in here being contrary just for the sake of it. Bottom line is everyone should be in both. they're going to pop at the same time. And money will be made.

 

[Silky Johnson]

I never paid attention to the market like that even though I used to do IT for a few big name investment banks before the recession. I picked up some things speaking with traders while working on their Blackberries or w/e else I had to do

I knew enough to notice that something was up when GME went from $22 to $38 in two days for no apparent reason in January. I missed the peak of it, but caught a 1000% lick on AMC calls without knowing what I was doing

Since then, I've been on it studying for the SIE exam ,learning technical and fundamental. I followed dudes on Twitter and them youtube channels...was in the Atlas Trading discord...all that. I said all that to say this....

DO YOUR OWN RESEARCH

90% of the stuff you hear from these dudes is either uneducated speculation or predatory hype schemes taking advantage of FOMO to leave you holding the bag. A little patience and common sense goes a long way to help you see what's real and what's not.

I'm not a financial adviser but there's nothing in the AMC chart that I can see that will suggest it can even get close to the the numbers dude was in here spitting. I can't even see (aside from reddit) what links GME and AMC together. AMC's all time high from 2015 is still about half of GME's ATH from 2007/2013. The volume GME did during it's run to $483 is damn near twice of what AMC got to push to $20 this year. The growth potential for their respective industries are completely different. GME brought in new leadership to take advantage of the cult following while AMC doubled down for more of the same.

There's no logical, fundamental or technical reason to expect that it will rocket. Even after all the hype from this week, it's still trading under it's 200-day Simple Moving Average while the Relative Strength Index is still on the high-end. If it was trading above the long SMA on high volume and low RSI near that over-sold territory, I could see the potential. But this on some Gamma Squeeze Yacub theory? Nah

In other words, the clout demons are all while the AMC charts are like

 

[pawdalaw]

@Silky Johnson. You talk all of that book learning and fundamentals when the bottom line is this

According to Ortex data, these price increases have resulted in short sellers — those betting for declines in the company’s shares — losing $503 million on AMC short positions over the past five trading days. Short sellers have also lost $426 million on GameStop short positions over the past five days

.

Gamestop, AMC Latest Stock Surge Costs $930M Loss For Short Sellers In A Week
They lost $930M in 5 days. Why are hedge funds throwing this type of money away for nothing? Why isnt the price moving with the volume? Why are institutions jumping in for 100s of millions?

Why? Because they dug a hole that is going to bankrupt them.

 

[Absolut]

It’s like qanon. Nothing happens, then the “real date” for the squeeze is pushed back out for more false hope. “Just wait til June 35th that’s the real date”

 

[pawdalaw]

It’s like qanon. Nothing happens, then the “real date” for the squeeze is pushed back out for more false hope. “Just wait til June 35th that’s the real date”

Make them bleed they spending billions to make us wait. On any given my profit has been 10- 30% just to hold I can wait till june 35th.

 

[Silky Johnson]

@Silky Johnson. You talk all of that book learning and fundamentals when the bottom line is this

.

Gamestop, AMC Latest Stock Surge Costs $930M Loss For Short Sellers In A Week
They lost $930M in 5 days. Why are hedge funds throwing this type of money away for nothing? Why isnt the price moving with the volume? Why are institutions jumping in for 100s of millions?

Why? Because they dug a hole that is going to bankrupt them.

From the article you linked to:

About 21.8% of GameStop’s free float and 18.3% of AMC’s free float are held in short positions, indicating there is still plenty of room for retail investors to hurt the short sellers, Ortex noted.

In January, GME free float short interest was over 100% and AMC was a little over 60%. That's why the squeeze popped. Knock it off

 

[pawdalaw]

From the article you linked to:



In January, GME free float short interest was over 100% and AMC was a little over 60%. That's why the squeeze popped. Knock it off

We talking about today, not 6 months ago. That article is from last week. Why did HF lose 500m on amc in 5days... last week?

There's billions of AMC shares out there that need to be bought. Citadel is just kicking the can hoping for a hail Mary.

 

[FaTaL]

Damn almost green at the end

 

[The Mad Titan]

So is the dream dead, or has it just gotten started?

 

[Black Panther]

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.

You're not doing a deep enough analysis, IMO.

It has nothing to do with the theater business model; AMC as a company was lagging behind the competition. It's only popping now because it's a meme stock. To give a comparative example, Sears didn't go out of business because the retail department store business model doesn't work. Obviously it does, since many department stores still exist.

The problem was with AMC's massive debt, lagging sales, and slow innovation as compared to its rivals. AMC was flabby 'n sick before the pandemic.

I'm only trying to make a little change off the emotional pump. If you seriously think that AMC will even get close to $100K/share--much less let people cash out their shares at that price--you need more education on how this works.

The SEC would sooner freeze people's accounts than let the market short circuit like that.

 

[Silky Johnson]

We talking about today, not 6 months ago. That article is from last week. Why did HF lose 500m on amc in 5days... last week?

There's billions of AMC shares out there that need to be bought. Citadel is just kicking the can hoping for a hail Mary.

Because those firms set the strike price too low ?


But if you feel that strongly about it, you can CashApp $1,0000 to $silkyjohnson and I'll give you $3000 after the squeeze happens

 

[pawdalaw]

You're not doing a deep enough analysis, IMO.

It has nothing to do with the theater business model; AMC as a company was lagging behind the competition. It's only popping now because it's a meme stock. To give a comparative example, Sears didn't go out of business because the retail department store business model doesn't work. Obviously it does, since many department stores still exist.

The problem was with AMC's massive debt, lagging sales, and slow innovation as compared to its rivals. AMC was flabby 'n sick before the pandemic.

I'm only trying to make a little change off the emotional pump. If you seriously think that AMC will even get close to $100K/share--much less let people cash out their shares at that price--you need more education on how this works.

The SEC would sooner freeze people's accounts than let the market short circuit like that.

Those are valid points. And the ceo has taken bankruptcy off of the table. They've raised enough cash to stay liquid through 2022. This play was never about fundamentals it was about would they go bankrupt or not. The hedgies had a chance to come clean, and instead of pulling out they doubled down.

Because those firms set the strike price too low ?


But if you feel that strongly about it, you can CashApp $1,0000 to $silkyjohnson and I'll give you $3000 after the squeeze happens

Just as I thought! When someone in this thread hit me with facts I acknowledge it.

Why did the hedgefunds lose a half a bill in 5 days on AMC? To answer that is for you to admit that you don't know what you are talking about.

 

[Silky Johnson]

Those are valid points. And the ceo has taken bankruptcy off of the table. They've raised enough cash to stay liquid through 2022. This play was never about fundamentals it was about would they go bankrupt or not. The hedgies had a chance to come clean, and instead of pulling out they doubled down.



Just as I thought! When someone in this thread hit me with facts I acknowledge it.

Why did the hedgefunds lose a half a bill in 5 days on AMC? To answer that is for you to admit that you don't know what you are talking about.

No you just skate over the facts you don't like and reply with a bullshyt straw man fallacy
.

The short interest in AMC is too low to trigger the squeeze you talking about. If the share price topped out at $20 when the short interest was 60 %, how will it possibly hit $1000 on 20%? Either you are too stupid to understand why that's important or being dishonest af.

B-b-b-ut the hedgies lost a billion dollars last week... Oh word? During the same week when everyone in the market was holding 2% L's on their portfolio because of inflation fears?

B-B-But the hedgies are shorting the stock! Ape know shorts bad and stonks only go up! Stfu. Stop trying to scam the brehs in here