GME incident 2nd anniversary: To hold or not to hold
At the first anniversary of the GameStop saga last year, we asked mooers whether they were more bullish on meme stocks or growth stocks (tap here to check the previous post).
We wonder if anyone changed their mind this year since the GME incident is still one of the most talked-about topics in investor communities. ![]()
As you might all know, in 2022, AMC had a brief spike in late March when it bought a large stake in gold miner Hycroft Mining. Its share price soared in August when it announced its special dividend to investors of AMC preferred equity units.
Just like last year, we'd like to ask you a question about the meme stock: Do you still own shares of AMC, and why?
Do you think history will repeat itself in 2023?
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Triston Chua : No, as hedge fund for GameStop short squeeze has learned the lesson, and retail investors rather spend in travelling than investing in stocks today, as compare to lockdown period.
With Fed expected to 5.25%, retail investors may seek for investment grade bond or fixed deposit to park excess funds than in equity.
Samooer : AMC has a potential caveat APE that entices retail investors. The company is very smart to adopt this strategy as a way of raising capital and clearing its debt to avoid bankruptcy, invest in acquisitions, theater upgrades, a popcorn business and even a gold mine. Go back alittle in time, they are not even able to sell more stocks as it more or less issued all of them.
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For now, I don't see AMC as a growth stock, but it has the potential as a small cap company in perhaps the long term. But if I have to choose between AMC and it's APE, I would choose to invest in APE as they are meant to be economically equivalent to the common stock. From this perspective, APE has more room for growth.
Aside from AMC, there are many fundamentally strong growth stocks(some that even costs less than $10), unless you're into meme stocks, take a step back and look at the bigger perspective of the stock market
GodSpeed289 : I do not own any AMC share.
From what I have read up, it is mostly negative review. Avoid or discard are mainly the advice given to investors.
Below reports sum it all:-
CEO Adam Aron's decision to create and spin off AMC Preferred Equity over the summer has been disastrous for investors. Over the past three months, both tickers have shed over 50% of their values. Those unfortunate enough to have purchased AMC stock at its peak last June have lost over 90% on their holding. Moreover, with a bleak outlook ahead and the theatre giant burning its cash reserves at an accelerated pace, it's best to discard this bearish stock
With less-than-ideal conditions ahead, it's plausible to assume that AMC stock will lose more value and sink further into penny stock territory.
M1ke1229 Triston Chua : stfu we are still here and investing, who the fuck has money to travel?
73006384 M1ke1229 :
M1ke1229 Triston Chua : your reading the shit that they post to get you to paper hand
M1ke1229 : nobody trust the media anymore
M1ke1229 : I'll be doing some traveling alright,Soon as shorts cover
Triston Chua M1ke1229 : The trading volume still considered low now as compared to during lockdown period in the past.
Retail investors have distracted by the boarders reopening, and they rather spend now than defer consumption. Thus, inflation didn’t disappear still.
Solid Snake Triston Chua : Citadel didn't learn their lesson...
And retail never sold out of AMC. The OBV on the daily is near 5 billion and trending UP. It never dropped after two years, it stayed near 5 billion because apes didn't sell. Anybody talking in past tense is uninformed or malicious.
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