Wow people got burned by a stock from an industry that has been on a slow decline and is in the middle of its worst year possibly ever while streaming services continue to dominate?
Originally Posted by BigBeauford:
Wow people got burned by a stock from an industry that has been on a slow decline and is in the middle of its worst year possibly ever while streaming services continue to dominate?
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That didn't have much to do with the current situation. But it's come clear that this sort of play isn't going to be allowed to work. [Reply]
Originally Posted by eDave:
That didn't have much to do with the current situation.
A group of on-the-spectrum redditors are responsible for anyone making any money on AMC. There are no market indicators to suggest movie theaters are going to become largely profitable any time soon. If you still have your dick in AMC at this point, you are playing with fire. [Reply]
AMC = owned by Chinese Wanda Group
Hammock + Chinese stonk = Financial Doom
It's simple math people, you inverse anything Clay does that involves China. Some say his high IQ let's him sniff out the shittiest Chinese investments.
AMC may not count because it's operations aren't all in China so I'm not going short. I'll be updating my price target for AMC from $1487 to $0.27 though. RIPerroni [Reply]
AMC and GME investors need to realize that they are praying for a short squeeze in borderline insolvent companies that are bleeding cash. I hate the shorts as much as anyone, and I wish you luck in your conquest. But I like my capital too much to speculate like that. [Reply]
Originally Posted by Nightfyre:
AMC and GME investors need to realize that they are praying for a short squeeze in borderline insolvent companies that are bleeding cash. I hate the shorts as much as anyone, and I wish you luck in your conquest. But I like my capital too much to speculate like that.
Take your shit to the investing thread, this is the gambling thread!!! [Reply]