$AMC Entertainment (AMC.US)$ Why are you so weak. Why.
$AMC Entertainment(AMC.US$ Why are you so weak. Why.
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CoolWaterCoolWater : Forget about all the talking. Still hoping for the squeeze.
Rich Jacob : I used to invest in AMC, and it made me some good money last year, but I’d do more DD if I were you. AMC insiders keep selling, the price has been constantly dropping since $40ish, the company has such large debt that they keep finding ways to renegotiate terms, and they own only 20% of the movie theaters in the entire country. What makes them special? Impossible nuggets? That’s not even a news catalyst … I’m no financial advisor, but in my opinion, people investing in AMC, especially for a squeeze, are wasting their time.
GM 1 Rich Jacob : Maybe it won’t squeeze to infinity.. but it will still go to a good value. Provided the extra shares don’t get released. The boss should answer to us all with regards to the insider selling too
FlaminHotDealz GM 1 : 10k at least?
Rich Jacob GM 1 : A good value? Considering the float (shares available), AMC is very overvalued as it is! The boss needs to answer to you? Who? AA?
As an investor, you should be doing your own research, and checking filings to see when, and how much these insiders are selling. It’s all public knowledge. Also, these “extra shares” or “naked shorts” would take years of investigation to prove, if any. The only thing we have to fall back on is they manipulated the market by taking away the buy button on GME. Massive volume and some shorts covering brought AMC up to 70ish, but it would take millions to get it even up to $40 again.
Rich Jacob FlaminHotDealz : Based on what!? You’re just throwing numbers out there lol. If the stock market was that easy, don’t you think everyone would be trading? Not trying to be mean, but you have a lot to learn.
GM 1 Rich Jacob : Retail still owns the majority n shorts still need to cover. That’s the facts.
Rich Jacob GM 1 : Before I totally school you, offer me some numbers that prove your points.
GM 1 Rich Jacob : Don’t try so hard. If I were u, I would mind my own biz. Go make my money in my preferred stocks. Why waste time in the so called asinine bag holders ? Why waste time ?
GM 1 Rich Jacob : You know very well AMC is not about fundamentals anymore. It’s a movement that defies logic. So why bother to explain more…I hold more than a thousand shares. Out of greed. If amc can’t moon, then the price will crash this minute to one digit when the insider sells.. anyway, I have no interest to know more other than to hold. I love to see ppl spreading FUD - maybe not u.. it gives us even more ‘assurance’
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