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#9796 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $631900
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Quote:
So hard to predict how far it goes but the dump will be pretty swift at some point. |
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Posts: 46,016
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#9797 |
I’m a Mahomo!
Join Date: Aug 2004
Location: Mid-Missouri
Casino cash: $6771021
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Posts: 54,038
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#9798 |
Banned
Join Date: Jan 2013
Casino cash: $9998560
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Talk in crypto is money flowing out of there to AMC.
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Posts: 53,803
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#9799 |
MVP
Join Date: Jun 2004
Casino cash: $415140
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Posts: 6,840
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#9800 |
I’m a Mahomo!
Join Date: Aug 2004
Location: Mid-Missouri
Casino cash: $6771021
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I knew the doomsayers would be out in full force.
Most professional strategists are advising retail traders in AMC's stock to be cautious after its latest one-day insane move higher that is completely devoid of fundamental analysis. "When the music stops, this stock is going to fall hard in my opinion," said Miller Tabak strategist Matt Maley on Yahoo Finance Live. Shares of AMC exploded more than 100% in afternoon trading on Wednesday, leading the way in a renewed bid by retail investors to send meme stocks such as GameStop, popular earlier in the year, back to dizzying new valuation heights. AMC's stock price was sent into overdrive starting on Tuesday, as the company — which like other meme names has weak fundamentals for a myriad of reasons — unveiled an 8.5 million share sale. The company fetched $230.5 million in the sale to investor Mudrick Capital (which then reportedly sold the stake, saying the stock was overvalued). The movie theater chain has reportedly earmarked the money for the acquisition of closed theaters. Shares have also been boosted by a favorable box office performance during Memorial Day weekend, experts said. AMC's market cap now stands at a lofty $30 billion in spite of steep losses through the COVID-19 pandemic and an uncertain post-pandemic life. Maley added, "Some people may think it [AMC] could go to $50. But if you think that, you are betting on a Tesla-type game plan here where they [AMC] could change the world. I don't see that." Maley made those comments earlier in the day when AMC shares were trading around $36. As of Wednesday at about 2:45 p.m. ET shares were around $61.
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Posts: 54,038
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#9801 |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
Casino cash: $2028491
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This may be the Chiefsplanet story of the year.
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Active fan of the greatest team in NFL history. |
Posts: 142,322
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#9802 |
I’m a Mahomo!
Join Date: Aug 2004
Location: Mid-Missouri
Casino cash: $6771021
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A very successful day.
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Posts: 54,038
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#9803 |
I’m a Mahomo!
Join Date: Aug 2004
Location: Mid-Missouri
Casino cash: $6771021
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Investing megathread extravaganza
I became a millionaire in one day. Crazy. $429,000 to $1,065,424 in one day.
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![]() Last edited by KChiefs1; 06-02-2021 at 02:09 PM.. |
Posts: 54,038
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#9804 |
Just a li'l Evel
Join Date: Sep 2005
Location: Bald. Goatee. Jorts.
Casino cash: $4349601
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Well I'm not bummed about selling AMC at $26 last week. Mostly because I only owned 20 shares
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Posts: 11,887
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#9805 |
Spooky Action
Join Date: Dec 2003
Casino cash: $1362558
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Posts: 6,359
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#9806 |
Mammoth penis
Join Date: May 2006
Location: Springfield
Casino cash: $7284386
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If anyone feels like it's too late to get in on AMC, BB looking like a great candidate for the next squeeze with a lot of retail support.
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Posts: 11,432
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#9807 |
I’m a Mahomo!
Join Date: Aug 2004
Location: Mid-Missouri
Casino cash: $6771021
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Posts: 54,038
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#9808 |
I’m a Mahomo!
Join Date: Aug 2004
Location: Mid-Missouri
Casino cash: $6771021
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Thanks dude! Craziest day of my long life. I know there’s that urge but I have complete faith this is going over $100 big time.
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Posts: 54,038
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#9809 |
Mammoth penis
Join Date: May 2006
Location: Springfield
Casino cash: $7284386
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YOLO'ed $20k into BB after hours @ 14.81. I'm either going to be very happy tomorrow or suicidal.
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Posts: 11,432
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#9810 |
MVP
Join Date: Jan 2013
Casino cash: $485541
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Posts: 10,691
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