AMC lead meme stocks higher
$AMC Entertainment (AMC.US)$
$GameStop (GME.US)$
AMC surged 19% higher on Fri, closing at 29.12. The cinema chain announced its highest Dec night opening ever with record 1.1m people attending premiere of "Spider-Man: No Way Home." This was the single highest number of people watching 1 movie on 1 day at AMC's U.S. theaters during all of calender years 2020 and 2021.
$GameStop (GME.US)$
AMC surged 19% higher on Fri, closing at 29.12. The cinema chain announced its highest Dec night opening ever with record 1.1m people attending premiere of "Spider-Man: No Way Home." This was the single highest number of people watching 1 movie on 1 day at AMC's U.S. theaters during all of calender years 2020 and 2021.
It led other meme stocks such as GME higher.
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Pochong : You all "apes" talk like its blockbuster news for AMC. Isn't this kind of numbers normal at pre pandemic times. And pre pandemic times AMC stock is trading at $10-20. This stock should go lower. Not this valuation. Shorting it down.
FlaminHotDealz Pochong : It’s going 4 digit before going to 10-20
Orangutan : amc surge because of one movie is absolute bs as gme chart looks identical. The chart should diverge if it really is the case. This surge is obviously not done by retail.
Commander Vlogs Orangutan : Actually Is a combination between retail and institutions and maybe some hedge funds covering. The news from the one movie helps a lot and AMC moves together with GME because they same people are in both plays on both sides. So good news from GME causes AMC to go up with it and visa versa, that’s what I think anyways.
Pochong : Until now retail "apes" still think they can make changes to the price / chart. It is institutional that flow the money in and out. We have almost negligible impact on the price action.
Marval Pochong : What matters is that AMC isn't going out of business anytime soon; yeah and Millions of retailers that hold the float will give shorts a run for their money
Begoneseh Pochong : Okay. Then?? Dont invest in amc la
Slot Machine : HEY POUCHHUNG go away !!!!!
Pochong Begoneseh : I don't invest in amc. I trade it. I follow the momentum. If its heading up most I long and if its being pulled down I short. Its a green light red light game.
Ty R Pochong : lol yes short it buddy .... dare ya
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