Thinking of selling my BB to double down on AMC once more, especially if it dips. Thoughts? I ask you because you seem to be keeping up with the going ons at WSB more than me
I actually don't really follow WSB so I can't help you much there. I just know the following things
WSB theory to squeeze GME applies to a lesser extent to AMC because it's highly shorted, and there were murmurings of doing it.
AMC has the same kind of resume of GME. It's a well known brand that pops off of small bits of news. Seems very friendly to the kind of rallying GME got.
AMC is a viable business with a nice dividend when it's firing on all cylinders, and bankruptcy is off the table. They were in this range or better for every year from the last decade aside from 2020 and 2019.
AMC has a fairly small market cap like GME so I feel like it could pop similarly to GME
These kind of stocks surge on Friday most due to option expirations, so you want to have this stock on Friday. However given how fast GME moved I kinda expect it to surge tonight too.
Lots of eyes and awareness on this now. Fireworks likely just due to that.
I have no idea what their price target is or anything like that, just that I feel very safe to HODL until $30 at least. Your only risk is if somehow the brokers step in to stop it, some sort of regulation steps in to stop it, AMC rushes to do an offering, or the GME short fails (how would it).
Offering is the only thing I'm a bit concerned about but I'm hoping their management knows better. Should be a safe hold through Friday at least.
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No problem! This is a cute and pop genocide of love!