$AMC Entertainment (AMC.US)$ and here it is.
$AMC Entertainment (AMC.US)$ and here it is.
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pennypincher : well at least they put it out there instead of keeping quiet about it.
Mcsnacks H Tupack OP pennypincher : Yea but they are thinking it’s 101 million shares they are putting into the market. Making the total 433.5 million. But they still aren’t saying. I think Wanda company sees this as an opportune time to completely bail before it gets worse later on.
Mcsnacks H Tupack OP Mcsnacks H Tupack OP : AMC even put out a statement saying they really don’t see a future.
Mcsnacks H Tupack OP Mcsnacks H Tupack OP : They get out debt and then close up shop. Or sell to cinemark
pennypincher : crazy how this is playing out. I shouldn't of been greedy and sold. now it's a game of how close to even can I get
Mcsnacks H Tupack OP pennypincher : Yea I was up 150%. I did the same. Still up 75%. And this week will be good. GoPro is looking like a 35% squeeze coming up. It passes 8.86,8.98, it’s got one more tackle to break at 9.70 and then it’s got daylight to 10.53 after that no obstacles.
Mcsnacks H Tupack OP pennypincher : Market closed next Monday! I didn’t approve of this.
pennypincher : ya it's on my watch list but I need to get out of this one first. going to see what happens even though I have a pretty good idea how this plays out. worst case I sell at 6.
MissMixi : can someone please explain this to me? should I still hold out? I've learning as I go and going with the people but anything beyond I'm abit unsure what this means going forward.
Mcsnacks H Tupack OP MissMixi : Means they are probably going to put their 101 million shares into the trading market. Or at least 50 million of them to pay off debt. Or they probably already have. But it usually causes panic selling. Even tho the shares were priced in last week. It’s why on last Monday after hours the stock dropped from 13.30 to 6.00. People won’t understand that tho. It’s why it won’t squeeze. All those shares have to be bought. By my calculations they have sold 26 million of the 50million. But they aren’t saying how many it is yet.
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