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Started By
Message
re: Holding AMC Thread- Diamond hands unite
Posted on 1/19/22 at 2:07 pm to Buck_Rogers
Posted on 1/19/22 at 2:07 pm to Buck_Rogers
quote:
Are you saying that AMC has no chance of being cash flow positive?
Not saying anything definitive like that. What I am saying is that their financials are absolute trash and they're going to need to issue a ton of dilutionary shares in the not too distant future. A major short squeeze opportunity has long since passed (I don't think there was ever one), so we're now in a situation where the conversation is around fundamentals. And they don't justify the current valuation, let alone a further inflated one. Especially when the company strategy seems to consist of random buzzwords like NFT, Shiba Inu, Doge, etc.
quote:
ETA: Up votes and down votes bring nothing to the table.
That ain't me downvoting you, baw.
This post was edited on 1/19/22 at 2:30 pm
1
Posted on 1/19/22 at 2:34 pm to Chucktown_Badger
The only reason why they would dilute more is if they can't become cash flow positive. I think they do become profitable again this year. You obviously don't. We'll see.
Posted on 1/19/22 at 3:13 pm to Buck_Rogers
quote:
The only reason why they would dilute more is if they can't become cash flow positive.
Seems basically impossible with interest only payments already costing as much as their "peak profit years".
They really need to refi that debt and kick it down the road again. However they are already in "junk status" so nobody going to lend them that money. Unless it is the convertible type via more share dilution
Posted on 1/24/22 at 11:09 am to UltimaParadox
AMC and GME both down almost 20% today, nearly 25% over the past 5 trading days, and nearly 50% over the past month.
MOASS dead?
MOASS dead?
Posted on 1/24/22 at 11:11 am to MusclesofBrussels
I'm sure it is all illegal manipulation. No retail is selling.....
Posted on 1/24/22 at 11:40 am to UltimaParadox
That decision to close my position at $51 a few months ago is looking mighty awesome right now.
Posted on 1/24/22 at 12:18 pm to elprez00
I sold my positions today.
This post was edited on 1/24/22 at 12:19 pm
Posted on 1/25/22 at 10:40 am to UltimaParadox
quote:
They really need to refi that debt and kick it down the road again. However they are already in "junk status" so nobody going to lend them that money. Unless it is the convertible type via more share dilution
Nice call
quote:
MW AMC reportedly in talks to refinance high-yielding debt, while stock drops for a 9th-straight day
9:59 AM ET 1/25/22 | MarketWatch
quote:
the WSJ report said that while the selloff in AMC's bonds, which coincided with the sharp weakness in the stock price, could make refinancing more difficult,
Posted on 1/25/22 at 11:03 am to Chucktown_Badger
quote:
...could make refinancing more difficult,
Let me finish that for you, since you seem to have a problem with only quoting what suits you.
quote:
...the company may still be able to strike a deal that lowers its interest expenses.
ETA: Do you know what "Contextomy" means?
This post was edited on 1/25/22 at 11:07 am
Posted on 1/25/22 at 11:17 am to Buck_Rogers
If that additional bit makes you feel confident about the future of the company, then I apologize for not including it. Simple fact...they need to get this done to basically keep the doors open. And a declining stock price reduces the potential for them to cover those operating expenses with more shares. Or I guess they could just issue 10x as many as they planned to. You scooping up new shares at these "discount" prices?
I believe my boy greyparrot or carlsoda were looking forward to it dropping below $40 so they could buy more. They must be ecstatic right now
I believe my boy greyparrot or carlsoda were looking forward to it dropping below $40 so they could buy more. They must be ecstatic right now
This post was edited on 1/25/22 at 11:18 am
Posted on 1/25/22 at 11:24 am to Chucktown_Badger
quote:
You scooping up new shares at these discount prices?
I already stated my position. It's house money riding; house money that I made on AMC while you were talking trash but were afraid to short it. You could've made a fortune if you really believed what you say. I put my money where my mouth is. You haven't.
This post was edited on 1/25/22 at 11:25 am
Posted on 1/25/22 at 11:29 am to Buck_Rogers
quote:With a more realistic perspective rather than defensiveness, it could have been real money. This deflection technique isn’t really worth much.
It's house money riding;
Either you believe in the investments future and you either hold or buy more or you don’t and you sell. Pretending it is house money to alleviate responsibility or justify recklessness in the face of reason isn’t the mic drop you seem to think it is based on the number of times you’ve gone back to the well.
Posted on 1/25/22 at 11:33 am to WDE24
So in the end you're basically going to break even, and that somehow makes you think you "won" on this investment?
Interesting approach to investing.
Interesting approach to investing.
Posted on 1/25/22 at 11:34 am to WDE24
quote:
Either you believe in the investments future and you either hold or buy more or you don’t and you sell.
I already said I'm holding.
quote:
Pretending it is house money...
Well, it is.
quote:
...justify recklessness...
Now you're just being comical.
Posted on 1/25/22 at 11:40 am to Buck_Rogers
The house money could have been real money $50/share ago.
What is the argument for holding beside it being house money? I can only see two lines of thought
1) you believe The underlying fundamentals of the company will lead to profitability and growth (a tough argument to make, but I’ll listen with an open mind)
Or
2) you believe in some aspect of the MOASS
Which is it and why?
What is the argument for holding beside it being house money? I can only see two lines of thought
1) you believe The underlying fundamentals of the company will lead to profitability and growth (a tough argument to make, but I’ll listen with an open mind)
Or
2) you believe in some aspect of the MOASS
Which is it and why?
Posted on 1/25/22 at 12:04 pm to WDE24
quote:
The house money could have been real money $50/share ago.
Not if I took some people's advice on here and never bought to begin with.
quote:
What is the argument for holding beside it being house money?
I think, in the long run, AMC has the potential to become profitable again. I also think that a squeeze is still on the table, because the simple fact is hedge funds are not covering, there is a lot of corruption and manipulation in the market, and I like to at least do my part when I see the chance to. It's house money I'm holding, and I can afford to lose it. I might even put more down on it. I am older than most of you, retired and can afford it. I wouldn't suggest anyone play any stock with money they need to pay bills and such, but on the other hand, I wouldn't be where I'm at if I didn't follow my intuition and take educated risks.
Posted on 1/25/22 at 12:22 pm to Buck_Rogers
quote:what’s the difference if you ride it into bankruptcy or further dilution. Again, you are selecting the loss of $50/share because you think this is a trump card gotcha. It isn’t. That’s real money you left on the table.
Not if I took some people's advice on here and never bought to begin with.
quote:I’d love to hear the case for this and the timing of when it will become profitable such that it makes an investment at current prices a sound decision.
in the long run, AMC has the potential to become profitable again.
quote:This is the reality. You bought into the YouTube videos and you won’t admit it isn’t real. If you think it is real, explain how it could still happen?
I also think that a squeeze is still on the table, because the simple fact is hedge funds are not covering, there is a lot of corruption and manipulation in the market, and I like to at least do my part when I see the chance to.
Posted on 1/25/22 at 12:23 pm to Buck_Rogers
quote:
hedge funds are not covering, there is a lot of corruption and manipulation in the market
Straight from the Reddit talking points. What, other than Reddit threads, can you share with us to show that "hedge funds are not covering". And how can even the most junior investor not see that's ridiculous? This thing has been declining steadily for the better part of 3 months...so not only are hedge funds shorting it making out like gangbusters, they can cover their positions at any point they want to.
A bunch of people on Reddit saying it does not make it true.
Posted on 1/25/22 at 2:31 pm to Chucktown_Badger
quote:
Straight from the Reddit talking points.
I've never been on Reddit or any of the other social medias other than tigerdroppings. When I retired about 11 or so years ago, my grandson said I'd get a kick out of the outdoor board, so he showed me how to sign up. It kind of branched off from there, but this is enough social media for me.
quote:
A bunch of people on Reddit saying it does not make it true.
I guess the tigerdroppings crew is more believable? How'd that work out for you with AT's picks?
ETA: The Reddit crew made people rich. What have you done, but sit on the sideline?
ETAA: I forgot to answer this:
quote:
What, other than Reddit threads, can you share with us to show that "hedge funds are not covering".
For starters, the U.S. DOJ has opened an investigation into a number of hedge funds' excessive naked shorting and failures to deliver. Of course it will take quite a while before we here what comes of the investigation. This is much bigger than the SEC, as they only fine hedge funds for this. The DOJ has much worse penalties.
This post was edited on 1/25/22 at 5:06 pm
Posted on 1/26/22 at 9:23 am to Buck_Rogers
quote:
I guess the tigerdroppings crew is more believable? How'd that work out for you with AT's picks?
TD is not necessarily better but is definitely more realistic about the situations of the companies we're discussing. Whereas the Reddit crew has continued to pump some vast conspiracy and a continual line of "this is it" events which have never come to pass. Anyone with more than a few ounces of brain matter could easily debunk those things with a bit of research. It's why this thread has gone hundreds of pages. A number of us have been poking holes in the conspiracy theorists/pumpers BS. If it was my investment, I'd appreciate that pressure testing.
As for AT's picks, those absolutely tanked, but even those were driven by actual fundamentals and anticipated company events.
quote:
ETA: The Reddit crew made people rich. What have you done, but sit on the sideline?
Here's the thing though...this is at its core a pump and dump. So for some people to get rich on it, many have to lose money. That's the definition of a ponzi scheme. Sounds like you're going to break even in the end so I guess you made out "ok", though that money will have done nothing for you over the last year plus during a major bull market and high inflation...so its worth less now.
quote:
For starters, the U.S. DOJ has opened an investigation into a number of hedge funds' excessive naked shorting and failures to deliver. Of course it will take quite a while before we here what comes of the investigation. This is much bigger than the SEC, as they only fine hedge funds for this. The DOJ has much worse penalties.
Naked shorting and funds not covering their shorts on AMC are two different issues. The reddit crew has been saying the funds are not covering. So my question is, how do they know this? Surely there must be some data or information that supports this assertion.
Separately, let's say the DOJ does find that naked shorting is happening. As you say they will likely levy huge fines...But I am not seeing how that will push AMC above $100 a share.
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