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Message
re: Holding AMC Thread- Diamond hands unite
Posted on 6/1/21 at 7:37 am to greygoose
Posted on 6/1/21 at 7:37 am to greygoose
Does the sale of 8.5m shares to Mudrick Capital sway this thing one way or the other?
Does it show legit investment from an institution and increase the value or does Mudrick help out their boys and manipulate down in one way or another?
Genuinely don’t know, asking as a novice.
Does it show legit investment from an institution and increase the value or does Mudrick help out their boys and manipulate down in one way or another?
Genuinely don’t know, asking as a novice.
3
Posted on 6/1/21 at 7:53 am to Lsut81
I don't know much about the stock market, but it seems to me that Mudrick wouldn't piss away 238 million...
Posted on 6/1/21 at 7:56 am to HoLeInOnEr05
quote:
I don't know much about the stock market, but it seems to me that Mudrick wouldn't piss away 238 million...
Yeah, I don’t see how you can view this as bad news.
Posted on 6/1/21 at 7:56 am to HoLeInOnEr05
quote:
Mudrick wouldn't piss away 238 million...
Who says they would be pissing away... a good old wink and nod to the institutions holding those shorted shares to help manipulate this thing.
No different than what RobinHood did a few months back.
ETA: I honestly have no clue, but I also didn’t expect RH to be able to do what they did to manipulate the markets for their broker buddies.
This post was edited on 6/1/21 at 8:06 am
Posted on 6/1/21 at 8:07 am to Lsut81
quote:
Does it show legit investment from an institution and increase the value or does Mudrick help out their boys and manipulate down in one way or another?
It’s dilutive. All else being equal, these things are negative for current share holders.
Obviously AMC share price is detached from the actual company. Their 8-K disclosed risks are almost comical at this point.
Posted on 6/1/21 at 8:13 am to HoLeInOnEr05
quote:
I don't know much about the stock market, but it seems to me that Mudrick wouldn't piss away 238 million...
They’re more interested in AMC debt. That’s Mudrick’s wheelhouse. They could have invested in the stock directly in the market for much cheaper, but they want/need the capital to go directly into AMC to secure the underlying bonds.
Posted on 6/1/21 at 8:19 am to slackster
quote:
They’re more interested in AMC debt. That’s Mudrick’s wheelhouse. They could have invested in the stock directly in the market for much cheaper, but they want/need the capital to go directly into AMC to secure the underlying bonds.
To add context to this, AMC debt still trades at a steep discount to par. The bond market isn’t nearly as bullish.
AMC now down to 25MM shares or so left of their authorized shares, by my rough count.
Posted on 6/1/21 at 8:30 am to slackster
My guess is Mudrick was short AMC and wanted to exit the position.
AMC wanted to issue more shares for more money.
They arranged the 27 dollar price since they were short so many shares.
Guessing Mudrick has already exited the position at this time, and AMC got to sell more shares.
Win-Win except for current shareholders, who suffer more dilution even though AMC said they would not dilute further
AMC wanted to issue more shares for more money.
They arranged the 27 dollar price since they were short so many shares.
Guessing Mudrick has already exited the position at this time, and AMC got to sell more shares.
Win-Win except for current shareholders, who suffer more dilution even though AMC said they would not dilute further
This post was edited on 6/1/21 at 8:31 am
Posted on 6/1/21 at 8:38 am to UltimaParadox
quote:Horrible, just freaking horrible!
Win-Win except for current shareholders, who suffer more dilution even though AMC said they would not dilute further
Wait, the stock is up 15% on that news?
We just need Chitstain to jump in and post now, and we will hit the naysayer trifecta before 9am!!
Posted on 6/1/21 at 8:49 am to UltimaParadox
quote:
They arranged the 27 dollar price since they were short so many shares.
yea I'm exiting my position.. not sure how much longer this will go on until people realize what went down
This post was edited on 6/1/21 at 8:53 am
Posted on 6/1/21 at 8:57 am to rocket31
quote:On the cusp of lift off, and you got off the rocket?
yea I'm exiting my position.. not sure how much longer this will go on until people realize what went down
Posted on 6/1/21 at 8:58 am to greygoose
quote:
On the cusp of lift off, and you got off the rocket?
This stock was at $9 a few weeks ago and is currently at $30 - $31. That is a hell of a profit. No one can be faulted for taking money at this point with something that is a straight gamble.
This post was edited on 6/1/21 at 9:00 am
Posted on 6/1/21 at 9:10 am to CollegeFBRules
quote:
This stock was at $9 a few weeks ago and is currently at $30 - $31. That is a hell of a profit. No one can be faulted for taking money at this point with something that is a straight gamble.
Major catalysts on the horizon combined with FOMO and a high probability of a short squeeze. Yep, now is the time to sell! You do realize that a ton of calls expired Friday ITM, right? Have you look at the calls that expire on June 4th?
Posted on 6/1/21 at 9:16 am to greygoose
You do all of this in the same vein of AT. A thousand catalysts, buy more, get in farther…and then the bottom falls out and people are left holding.
I said $9 to $31 is a hell of a place to take money. I’m not wrong. You can make your arguments for the stratosphere and you’ll likely have people holding with you. I’m saying there’s isn’t a thing in this world wrong with taking earnings now.
I said $9 to $31 is a hell of a place to take money. I’m not wrong. You can make your arguments for the stratosphere and you’ll likely have people holding with you. I’m saying there’s isn’t a thing in this world wrong with taking earnings now.
This post was edited on 6/1/21 at 9:18 am
Posted on 6/1/21 at 9:17 am to CollegeFBRules
yea I'm fine with my profits..
feel like this is one of those stocks you need to monitor like a 9-5 job at this point as price action can move either way with high volume
feel like this is one of those stocks you need to monitor like a 9-5 job at this point as price action can move either way with high volume
This post was edited on 6/1/21 at 9:18 am
Posted on 6/1/21 at 9:20 am to greygoose
You also said this:
Refresh my memory, what was the price that day when you called your shot?
quote:
Posted on 4/1/21 at 11:35 am to greygoose
quote:
Brother, this stock isn’t going anywhere but down. You’ve got to start planning your exit. The product they offer is something people can do in their own homes. Movie buffs will still go to the theaters, but AMC and movie chains don’t have exclusive rights to big picture releases anymore.
Your expectations for what this stock is going to do is based on hopes and prayers at this poin
Refresh my memory, what was the price that day when you called your shot?
Posted on 6/1/21 at 9:22 am to greygoose
quote:
You do realize that a ton of calls expired Friday ITM, right? Have you look at the calls that expire on June 4th?
Who owns those calls?
Posted on 6/1/21 at 9:24 am to greygoose
quote:
Wait, the stock is up 15% on that news?
Why would the stock react to news at all anymore? You know it’s not news driven at this point.
Posted on 6/1/21 at 9:38 am to greygoose
Posted on 6/1/21 at 9:39 am to greygoose
And, fundamentally, I was correct then, and I’m correct now. This isn’t investing, and pretending it is is a disservice to anyone blindly following your advice.
I’m trying to understand why you take an issue with people taking their money at $31.
I’m trying to understand why you take an issue with people taking their money at $31.
This post was edited on 6/1/21 at 9:40 am
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