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re: Diving into AMC...whats best method?

Posted on 3/1/21 at 12:58 pm to
Posted by greygoose
Member since Aug 2013
11458 posts
Posted on 3/1/21 at 12:58 pm to
I guess Blackrock, Vanguard and the other 300 institutions that have stake in AMC, hasn't seen your chart. Blackrock must be really dumb considering they recently doubled their stake. I mean, what does the largest assets management company know about valuation of a company?

LINK /
Posted by GeeOH
Louisiana
Member since Dec 2013
13376 posts
Posted on 3/1/21 at 12:59 pm to
quote:

Do you see it performing better in a post-COVID environment.


No.

But, I didn't see GME outperforming its pre covid price either.
Straight fundamentals are not whats happening here.

I'm not an overly experienced self investor.

My damn question stands IF it jumps because of the clan that hurt GMR hedge guys, whats the best way to invest my 1500?

Pretty simple straight forward request. I simply wanted ideas to weigh against some I already have bought.
It wasn't a trick or a request necessarily for charts like yours. It was a request that is clearly stated in OP.

But I do thank you for your knowledge. I know it is meant to help me.
This post was edited on 3/1/21 at 1:01 pm
Posted by GeeOH
Louisiana
Member since Dec 2013
13376 posts
Posted on 3/1/21 at 1:03 pm to
quote:

feel like you're looking for some super secret way that no one is aware of to make money on a stock that you think is gonna go up.


There are so many variables on options...absolutely I was looking for suggestions on how to MAYBE be optimize my 1500.
Sue me
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
31123 posts
Posted on 3/1/21 at 1:10 pm to
quote:

I guess Blackrock, Vanguard and the other 300 institutions that have stake in AMC, hasn't seen your chart. Blackrock must be really dumb considering they recently doubled their stake. I mean, what does the largest assets management company know about valuation of a company?


I think that while there is something to be taken from the fact that those companies own the stock, I'd be more interested in their cost basis for those shares and if they're buying at the current price. Especially if I am not a current shareholder and thinking of jumping in.
Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
25985 posts
Posted on 3/1/21 at 1:24 pm to
Is this the stock that AncientTiger said to go long on and is the Diamond Hands play of the year?

Let me know so I can put my SEP, IRA, and everything else into this so I can be a cash money millionaire.

Posted by greygoose
Member since Aug 2013
11458 posts
Posted on 3/1/21 at 1:27 pm to
quote:

I think that while there is something to be taken from the fact that those companies own the stock, I'd be more interested in their cost basis for those shares and if they're buying at the current price. Especially if I am not a current shareholder and thinking of jumping in.

Blackrock doubled their holdings recently. They own over 5% of the company now. I don't have to be a pro football player to know that Tom Brady kinda knows what he's doing.
Posted by Auburn1968
NYC
Member since Mar 2019
19507 posts
Posted on 3/1/21 at 1:29 pm to
Best method is paper trade.
Posted by greygoose
Member since Aug 2013
11458 posts
Posted on 3/1/21 at 1:35 pm to
quote:

Best method is paper trade.
100% safe!
Posted by greygoose
Member since Aug 2013
11458 posts
Posted on 3/1/21 at 1:45 pm to
quote:

Is this the stock that AncientTiger said to go long on and is the Diamond Hands play of the year?

Let me know so I can put my SEP, IRA, and everything else into this so I can be a cash money millionaire.
Can't argue much with his previous posts.

I wouldn't be surprised to see a big jump in power hour today. All indicators are pointing to a rise.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
31123 posts
Posted on 3/1/21 at 1:50 pm to
quote:

Blackrock doubled their holdings recently.


The most recent info I could find says they trimmed their holdings.

quote:

2021-02-10 - BlackRock Inc. has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 5,926,369 shares of AMC Entertainment Holdings, Inc. (US:AMC). This represents 2.1 percent ownership of the company. In their previous filing dated 2021-02-02, BlackRock Inc. had reported owning 6,211,222 shares, indicating a decrease of -4.59 percent.
Posted by greygoose
Member since Aug 2013
11458 posts
Posted on 3/1/21 at 3:23 pm to
A little over 200K shares. They have substantially increased their holdings in AMC this year, overall.

quote:

On Feb. 2, BlackRock Inc. has filed an SC 13G form with the SEC disclosing ownership of 6,211,222 shares of AMC Entertainment Holdings, Inc.. This represents 5.7% ownership of the company. In their previous filing dated 2020-12-08, BlackRock Inc. had reported owning 3,901,649 shares, indicating an increase of 59.19%.
Posted by ReadyPlayer1
Clown World
Member since Oct 2020
1062 posts
Posted on 3/1/21 at 5:15 pm to
quote:

RKT is the next short squeeze if one happens. Heavily shorted and RKT just announced a special dividend that is going to force the shorts hands. I'm not saying it's going to happen but it is absolutely prime to happen if it gets going.


Just found out about this when I went look at wsb. I'm in this time !
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