Quote:
Originally Posted by TambaBerry
They haven't covered their shorts that's all that matters
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I have been completely out of AMC since the upper 40's, but I agree. I think this is one of those things that the lower it goes, the more dangerous it gets. If it drops too low there's going to be a lot of retail that buys it up. If they were smart they would let it trade sideways for a few months and bore everybody out of it.
There's obviously something in AMC that they don't want or can't get out of. It was a good bet back when covid hit to short it into bankruptcy, but that's not going to happen now. I hope it works out for the good guys, and you all make some money.