Quote:
Originally Posted by Hog's Gone Fishin
Has everybody given up on AMC? I had sold off most but recently nibbled a little more back into my portfolio. I think I'm at 250 shares. When it goes to 100K/share I'll be OK.
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Hell no, with short lend fee hitting at least 89% today, and the steady creep upwards as volume is jumping. Between that and my play for Hertz @ $1.16, I did quite nicely today in spite of the small bloodbath all around.
With AMC, it's not going to implode, and even legitimately it's probably undervalued now that they are ramping back up for Summer blockbuster season.
The risk vs upside seems silly given the price that couldn't be more friendly.