re: Holding AMC Thread- Diamond hands unite

Posted by Chucktown_Badger

The banks of the Ashley River

Member since May 2013

34031 posts

Posted on 8/5/21 at 10:37 am to carlsoda

quote:
Where do y’all see this? All the naysayers, what is your position or past position?

I don't know enough about your other points to comment on them, but in my opinion every stock will eventually regress to where its fair market value is, based on fundamentals and outlook. So for AMC that means sub 10 and potential bankruptcy. When, I have no idea...if the Reddit morons continue to buy up the dilution they can push those events out a bit.

ETA: My only positions were a few puts that expired worthless. So I lost a couple hundred bucks.

This post was edited on 8/5/21 at 10:39 am

Posted by carlsoda

B Rah

Member since Dec 2009

5776 posts

Posted on 8/5/21 at 10:55 am to Chucktown_Badger

quote:
I don't know enough about your other points to comment on them

Something you might should research. AMC or not they seem like big deals to me when all news channels are screaming how great the economy is.

I tend to go opposite of all media’s. I’ve been proven correct too many times not to trust my gut.

quote:
So for AMC that means sub 10 and potential bankruptcy. When, I have no idea.

Fair enough. I don’t agree but we both know that.

quote:
Reddit morons

Pretty bold generalization. Good luck with that opinion

quote:
ETA: My only positions were a few puts that expired worthless. So I lost a couple hundred bucks

We’re you wrong then or just too early in your opinion.

Could have made a fortune the last couple months. Give her another go is what I would do...

Posted by Chucktown_Badger

The banks of the Ashley River

Member since May 2013

34031 posts

Posted on 8/5/21 at 11:00 am to carlsoda

quote:
Pretty bold generalization. Good luck with that opinion

There are many, many of them that are losing their asses now because of their entry points...when they lapped up those new issuances at $51. And many have been buying at inflated prices to keep it buoyed. But you won't hear about any of that in those threads.

quote:
We’re you wrong then or just too early in your opinion.

Could have made a fortune the last couple months. Give her another go is what I would do...

Definitely too early. I expected a quick pop and then major drop back. I should've learned from the way GME sustained those levels. But I digress...I have no interest in gambling on this one again because while I expect it to continue you never know with meme stocks. And I think my next dollar invested would do much better for me in any number of other stocks.

Posted by carlsoda

B Rah

Member since Dec 2009

5776 posts

Posted on 8/5/21 at 11:05 am to Chucktown_Badger

quote:
There are many, many of them that are losing their asses now because of their entry points.

Very true. Depends the game you play imo. I’m a long term guy so the short term doesn’t effect me other than pushing me to buy more.

We will probably see something come to fruition in the next two months. Should be interesting and as I have said before, if I’m wrong. I expect to be hounded about my miss. Only way to learn.

ETA: on the flip side, everyone and their mom knew what would happen with HOOD. Made a quick 10k flipping it. It’s hilarious that. “Wolf capital” or whatever there name is saying it’s an uninvestable stock. Begging people to short so they can pull the rug. Too funny. Be careful folks

This post was edited on 8/5/21 at 11:14 am

Posted by Chucktown_Badger

The banks of the Ashley River

Member since May 2013

34031 posts

Posted on 8/5/21 at 11:06 am to carlsoda

Posted by jangalang

Member since Dec 2014

45317 posts

Posted on 8/5/21 at 11:10 am to carlsoda

quote:
Very true. Depends the game you play imo. I’m a long term guy so the short term doesn’t effect me other than pushing me to buy more.

What is your cost basis? AMC was a ten dollar stock pre pandemic. What upside are you seeing?

Posted by carlsoda

B Rah

Member since Dec 2009

5776 posts

Posted on 8/5/21 at 11:19 am to jangalang

quote:

What is your cost basis? AMC was a ten dollar stock pre pandemic. What upside are you seeing?

Started at 13 now in the low 30’s.

We live in a pre pandemic and post pandemic world now so that changes everything.

Upside... I believe the shorts got themselves in quite a pickle. Greed and corruption got the better of their brain and up till now, they are the Harlem globetrotters of the financial world. They own every politician and ceos and generally play by their own rules.

I think they are getting bent over right now, it will be interesting to see how they get out. Probably why tutes are loading up. Help out their buddies who know all their secrets.

Posted by jangalang

Member since Dec 2014

45317 posts

Posted on 8/5/21 at 11:23 am to carlsoda

If you cannot count on fundamentals and organic growth for stock upside, but need manipulation to deliver the goods I have to think there are better opportunities out there.

Pre pandemic to post pandemic isn’t actually bullish for movie theaters.

Posted by carlsoda

B Rah

Member since Dec 2009

5776 posts

Posted on 8/5/21 at 12:05 pm to jangalang

quote:

If you cannot count on fundamentals and organic growth for stock upside, but need manipulation to deliver the goods

Traditionally I agree.

The manipulation, so far, is completely one sided laying with the MM.

quote:
I have to think there are better opportunities out there.

Maybe for you. I’ve spent hours researching and now it is abt conviction. I put my money where my mouth and brain are and trust what I have found out to be true.

Always with a mindset to fail, If I’m wrong I’m ready to accept an L. NBD a win is around the next corner.

To your point. Hood was a fantastic flip. Don’t short it though, that’s what they want...

quote:
Pre pandemic to post pandemic isn’t actually bullish for movie theaters

Too early to tell. Get back to you on Tuesday when the numbers arrive

Posted by Chucktown_Badger

The banks of the Ashley River

Member since May 2013

34031 posts

Posted on 8/5/21 at 12:22 pm to carlsoda

quote:
Upside... I believe the shorts got themselves in quite a pickle. I think they are getting bent over right now

Unless I'm mistaken, this methodical decline from the high in the 70s to where it's now at in the low 30s is the opposite of them getting bent over. This is them making out like bandits.

Posted by carlsoda

B Rah

Member since Dec 2009

5776 posts

Posted on 8/5/21 at 3:59 pm to Chucktown_Badger

quote:
Unless I'm mistaken, this methodical decline from the high in the 70s to where it's now at in the low 30s is the opposite of them getting bent over. This is them making out like bandits.

I hope so. All the news has the hedges losing billions so idk.

Here is simple math of why I hold and will buy at my number 28.50

513M total shares
Less the Tutes (28%)
144M shares leaves
370M shares. For retail to buy.

50M (10% of the float) shares been registered on say app from 49k (.07% of shareholder population of investors) leaving
321M shares

That leaves more than 4M (light estimate) investors, but, for fun. Let’s say 3.5M retail investors.

That means 3.5M share holders have a 109/share avg.

I have 6x that number, will add more and won’t register. .

Do your own math but numbers 100% don’t add up. I’m here for the reset

ETA: I’m going to leave 6x up there but I only have 5.5x.

I’m betting the maths catch up to them

ETA2: I dont know how more people aren’t putting at least a couple hundo into this cash cow. Numbers are everything.

Some will say everyone is selling, simply not true. I’d post screenshots but I already did the homework. You can believe me or not lol. Do your own ducking research. I got you here. Prove me wrong

This post was edited on 8/5/21 at 4:12 pm

Posted by jangalang

Member since Dec 2014

45317 posts

Posted on 8/5/21 at 4:49 pm to carlsoda

quote:
oo early to tell. Get back to you on Tuesday when the numbers arrive

What numbers are you expecting? Even before the pandemic it was struggling and the stock has been severely diluted since.
AMC has been manipulated up and down all year long. Fundamentals will not save your cost basis. Holding it long term is absurd.

This post was edited on 8/5/21 at 5:38 pm

Posted by rocket31

Member since Jan 2008

41861 posts

Posted on 8/5/21 at 4:57 pm to carlsoda

quote:
Some will say everyone is selling, simply not true

down 30% in 30 days

Posted by carlsoda

B Rah

Member since Dec 2009

5776 posts

Posted on 8/5/21 at 5:02 pm to jangalang

quote:
What numbers are you expecting

I have no expectations but they certainly won’t be bad

quote:
AMC has been manipulated up and down all year love ong.

Don’t disagree. Manipulation isn’t a good thing in a free market

quote:
Fundamentals will not save your cost basis. Holding it long term is absurd:

I think we will be able to break down fundamentals tuesday.

And, you have no idea what will and won’t save my cost basis.

Like I told chitown. I’ll pay more attention to how you think I should spend my money soon. If you are smarter than me in this play, you win. I lose

I got real money on the line. Do you?

Posted by UltimaParadox

North Carolina

Member since Nov 2008

47303 posts

Posted on 8/5/21 at 5:20 pm to carlsoda

quote:
have no expectations but they certainly won’t be bad

What's your definition of bad. AMC with it's current business model can't grow earnings to match it's current valuation due to massive dilution. Everyone is expecting them to lose money, but how much is the question. How long before they declare bankruptcy 2-3 years?

Posted by rocket31

Member since Jan 2008

41861 posts

Posted on 8/5/21 at 5:22 pm to UltimaParadox

they honestly should mint exclusive NFTs for movie releases

encourage people to collect them to be used in the theaters for savings and exclusive viewings?

it's over for them unless they pivot into some other model