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re: Holding AMC Thread- Diamond hands unite

Posted on 2/2/21 at 2:58 pm to
Posted by greygoose
Member since Aug 2013
12828 posts
Posted on 2/2/21 at 2:58 pm to
quote:

ust went on WSB and they all still buying and holding
Blackrock, Inc. just increased their holding of AMC by 60%.

Someone bought $2 million in $20 calls yesterday.

There are 344 million short shares set to expire today and tomorrow.

Today, Mark Cuban said to buy and hold.

Those are facts.

After talking to a friend that is a broker for Merrill Lynch, I'm still very optimistic. Regardless if the short squeeze happens or not, AMC is not a bad investment. Movies will come back. Theaters will re-open.
Posted by truthbetold
Member since Aug 2008
7637 posts
Posted on 2/2/21 at 3:01 pm to
quote:

After talking to a friend that is a broker for Merrill Lynch, I'm still very optimistic. Regardless if the short squeeze happens or not, AMC is not a bad investment. Movies will come back. Theaters will re-open.



If that's your position, I don't see why you wouldn't prefer Cinemark. More of a capital buffer.
Posted by CajunTiger78
Member since Aug 2017
2879 posts
Posted on 2/2/21 at 3:03 pm to
@greygoose, agreed if there is no squeeze in the coming week I'm holding long as AMC will eventually rise up to a level to take profits from. Will it be nice if this thing still takes off? Absolutely, but if not I'll just hang on to it.
Posted by RedHawk
Baton Rouge
Member since Aug 2007
9285 posts
Posted on 2/2/21 at 3:03 pm to
Theaters were a dying business before COVID.
Posted by Sasquatch2020
Member since Oct 2020
519 posts
Posted on 2/2/21 at 3:06 pm to
i just dont understand why so many people yesterday and last friday were saying Thursday of this week would be where some happenings would occur.

What changed from that narrative?
Posted by StringedInstruments
Member since Oct 2013
19862 posts
Posted on 2/2/21 at 3:07 pm to
quote:

What changed from that narrative?


Who is “so many people”?

The WSB posters who proudly claim that they’re retards?
Posted by greygoose
Member since Aug 2013
12828 posts
Posted on 2/2/21 at 3:09 pm to
quote:

@greygoose, agreed if there is no squeeze in the coming week I'm holding long as AMC will eventually rise up to a level to take profits from. Will it be nice if this thing still takes off? Absolutely, but if not I'll just hang on to it.

SSR is in effect tomorrow too! We'll get a break from those short ladder attacks.
Posted by greygoose
Member since Aug 2013
12828 posts
Posted on 2/2/21 at 3:11 pm to
quote:

If that's your position, I don't see why you wouldn't prefer Cinemark. More of a capital buffer.
AMC was the play. Theaters and possibility of a massive short squeeze.
Posted by ItNeverRains
Offugeaux
Member since Oct 2007
28166 posts
Posted on 2/2/21 at 3:20 pm to
quote:

If that's your position, I don't see why you wouldn't prefer Cinemark. More of a capital buffer.


Because coupled with everything else mentioned in his post AMC is better play. But that severely impacts your retort.
Posted by CarRamrod
Spurbury, VT
Member since Dec 2006
58003 posts
Posted on 2/2/21 at 3:42 pm to
quote:

Those are facts.
LINK please for all of this before i get a chubby.
Posted by HTOWNTIGER1
**Platinum Member **Katy,Texas
Member since Dec 2004
7122 posts
Posted on 2/2/21 at 4:01 pm to
quote:

Theaters were a dying business before COVID.


After this BS lockdown is over and new movies are released there will be plenty of people wanting to get out of the house to see a movie.
Posted by BarberitosDawg
Lee County Florida across causeway
Member since Oct 2013
12156 posts
Posted on 2/2/21 at 5:26 pm to
I jumped in with house money just to support the new movement.

I would hope other secured people would do the same and support the effort.

If anything this market strom is building a huge new pool of investing.

It's so fascinating in concept how can you not embrace it?

I was here.
Posted by Hailstate15
ForeverGator's mom's
Member since Nov 2018
21466 posts
Posted on 2/2/21 at 6:36 pm to
rip. I’m holding but losing a grip. This has been a wild ride baws let’s see how the week ends
Posted by Panny Crickets
Fort Worth, TX
Member since Sep 2008
5596 posts
Posted on 2/2/21 at 6:50 pm to
quote:

rip. I’m holding but losing a grip. This has been a wild ride baws let’s see how the week ends


Take a cold shower. You’re better than this.
Posted by DRock88
Member since Aug 2015
10055 posts
Posted on 2/2/21 at 6:56 pm to
I'm buying more. I just don't see how this won't go up with the volume of retail sales and Blackrock coming in stronger. I don't think this has the upward potential of GME but it still has alot of opportunity for a quick nut if you move at the right time. My only concern is them offering more shares, which is certainly a possibility. Even if it doesn't really take off, they should be able to weather the Covid storm now to become a more stable value in a year or 2+. It's really a win-win as long as you don't over-invest.
Posted by Hailstate15
ForeverGator's mom's
Member since Nov 2018
21466 posts
Posted on 2/2/21 at 7:00 pm to
Goddamnit im back. I’m ready to be hurt again
Posted by xxTIMMYxx
Member since Aug 2019
17562 posts
Posted on 2/2/21 at 7:20 pm to
quote:

Theaters were a dying business before COVID.


Yes
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
34187 posts
Posted on 2/2/21 at 8:12 pm to
quote:

I would hope other secured people would do the same and support the effort.

If anything this market strom is building a huge new pool of investing.

It's so fascinating in concept how can you not embrace it?


If by "support" and "embrace" you mean be welcome the W achieved and the script being flipped, hell yes. If you mean "continue to money at this terrible stocks after the opportunity has passed" I'll have to disagree. I'm in the market to make money.

That being said, who knows, AMC is back in the realm of "not insane" so it may be a long term hold to see if they can figure it out.
Posted by Sasquatch2020
Member since Oct 2020
519 posts
Posted on 2/2/21 at 8:16 pm to
I guess we will know by Friday
Posted by DRock88
Member since Aug 2015
10055 posts
Posted on 2/2/21 at 8:20 pm to
I'm really anxious to see how this sucker looks tomorrow. It seems like day trading is pretty much having no impact lately, despite all of the volume going in - it's the after hours and pre-market that are really driving the wild swings. To be honest, I'm legitimately confused by it - it's almost as if they're buying themselves up all day at a standard that attracts other buyers then regrouping for the next move. Which still makes me believe that it'll eventually spike, so they can sell what they have on hand at a premium. It would basically be giving the WSB a taste of their own medicine.
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