Current Events > AMC stock got CRUSHED today, down 23%

(+) Yeah! (+)

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They're saying naked short selling, it was up high from when Barbie came out

Noooo, they're the only theater in my part of town.

Their annual bucket is also an amazing deal as is their A list membership.

A lot of people on that subreddit are saying to hold and saying it will squeeze, some are seeking mental help hotlines

I don't think AMC as a business is really suffering as much as the stock market price indicates. It was like, 25 a share pre-pandemic. Idk how much they diluted the stock, but two bucks a share seems like a steal to me (at a glance).

I don't own any right now, but I did make a fair chunk of money from buying a bunch of AMC stock after the vaccines became available. I figured people would want to go back to doing the things they did pre-pandemic and it paid off.

well that's awful news

I have a couple of reasons for not wanting them to go suffer or go under

Remember after GME when it skyrocketed from like $8 per share to $75 or something in like a week.

Also, there's no chance AMC goes bankrupt. They are responsible for 36% of all revenue for films in the US. If they ceased to exist, Hollywood would cease to exist.

i think i know a person that bought shares for 40

Sexypwnstar posted...

They're saying naked short selling, it was up high from when Barbie came out

"They're" dumb as shit then. AMC's APE shares are being converted to common shares and then they're doing a reverse split so they can offer more shares for sale. It's just dilution.

ClayGuida posted...

Remember after GME when it skyrocketed from like $8 per share to $75 or something in like a week.

Also, there's no chance AMC goes bankrupt. They are responsible for 36% of all revenue for films in the US. If they ceased to exist, Hollywood would cease to exist.

Unless the business model changes.
There used to be places that rented out video tapes.

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They still think it's going to hit $100,000 a share, someone bought another 20,000 shares (~$39,000)

Requiem posted...

Unless the business model changes.
There used to be places that rented out video tapes.

And then streaming happened and put those out of business. Unless WB, Disney, and Universal want to start charging $50 per film to stream at home, they're never going to make money on releasing films anymore.

It was a reverse split

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Oof.

Trumpo posted...

It was a reverse split

How heavy are the bags you're holding? The split is tomorrow, don't spread false info.

I know people are hoping for another GameStop but investing into a theatre chain in the middle of a movie industry wide strike is a bit of a risky prospect no?

Adam Aron fucked that whole shit up.

Not a worse bag than enzc

Punished_Blinx posted...

I know people are hoping for another GameStop but investing into a theatre chain in the middle of a movie industry wide strike is a bit of a risky prospect no?

Fundamentals of the company had little to nothing to do with how the stock was moving. It was all based around dark pools and leverage.

Sexypwnstar posted...

How heavy are the bags you're holding? The split is tomorrow, don't spread false info.

I made $10000 selling shares at $60 but I didn't sell everything and I'm kinda sore about it tbh. I'm not losing money on AMC, even at $0 I already made my profit, but I'm making way less than I could have.

omg following the meme stock cults is my favorite schadenfrued

There are people who think bed bath & beyond stocks will make them rich hahahahaha

I love following the meme stocks dialogues too. It's a literal qanon-like apocalyptic cult with shadowy enemies, hagiographic admiration of random twitter people, a dogmatic ethos entirely based on so-called "DD's" (misinterpretations of vaguely-related investopedia articles), and an impending doomsday involving reckonings for the non-believers and a corresponding reward for believers. And it's all centered around near-bankrupt companies that a lonely guy in his 20s would remember shopping at in his childhood.

Tyranthraxus posted...

I made $10000 selling shares at $60 but I didn't sell everything and I'm kinda sore about it tbh. I'm not losing money on AMC, even at $0 I already made my profit, but I'm making way less than I could have.

Glad someone made money out of it, sad thing is the majority of holders or people who bought the stock are bag holders.

ClayGuida posted...

And then streaming happened and put those out of business. Unless WB, Disney, and Universal want to start charging $50 per film to stream at home, they're never going to make money on releasing films anymore.

I thought dvd, not streaming, did?

I seem to recall reading that netflix started out as a "mail delivery dvd company" (since DVD were light enough to be sent by mail), and that put physical stores out of business.

Buy now?

ChocoboMogALT posted...

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Oof.

yikes, buying a memestock at high. thats gotta huyt!

Trumpo posted...

Not a worse bag than enzc

Not much is, tbh

lol keeping any of the 2021 memestocks beyond 2021.

ironman2009 posted...

Fundamentals of the company had little to nothing to do with how the stock was moving. It was all based around dark pools and leverage.

That's what I mean. If you're basing it on stuff like that instead of the fundamentals of the company you're taking a risk being manipulated by people smarter than you.

fuck AMC no one wants to have assigned seats at the movie theatre. i hope they go out of business.

ClayGuida posted...

Remember after GME when it skyrocketed from like $8 per share to $75 or something in like a week.

Also, there's no chance AMC goes bankrupt. They are responsible for 36% of all revenue for films in the US. If they ceased to exist, Hollywood would cease to exist.

Going bankrupt wouldn't mean the movie theaters would stop showing movies. Did GM stop building cars when it went bankrupt?

Punished_Blinx posted...

That's what I mean. If you're basing it on stuff like that instead of the fundamentals of the company you're taking a risk being manipulated by people smarter than you.

The r/amcstock apes might be super delusional as to how much AMC is really worth but they're not really wrong about dark pool abuses and the SEC doing fuck all about it.

This is all just shit Bernie Sanders has been saying for 50 years though. It's not news, it's just more visible to people.

Punished_Blinx posted...

I know people are hoping for another GameStop but investing into a theatre chain in the middle of a movie industry wide strike is a bit of a risky prospect no?

That seems like an absolutely incredible time to buy imo. Strikes don't last forever, that downturn would theoretically be temporary.

pretzelcoatl posted...

That seems like an absolutely incredible time to buy imo. Strikes don't last forever, that downturn would theoretically be temporary.

It's gonna have impacts over the next like 3-4 years of movies perhaps even longer.

That's on top of movies still being in a weird place after the pandemic.

They need to get Nicole Kidman to make another ad for them, that'll fix it

pretzelcoatl posted...

That seems like an absolutely incredible time to buy imo. Strikes don't last forever, that downturn would theoretically be temporary.

everything is always priced in, except when it's not

Punished_Blinx posted...

It's gonna have impacts over the next like 3-4 years of movies perhaps even longer.

That's on top of movies still being in a weird place after the pandemic.

So is it going to go higher or lower during that time? If people are holding based on the fundamentals and a resolution of the strike, why not buy now then?

Sexypwnstar posted...

So is it going to go higher or lower during that time? If people are holding based on the fundamentals and a resolution of the strike, why not buy now then?

You're gambling if you buy now and you should invest as if it were money you were spending on the 00 space in roulette.

Sexypwnstar posted...

So is it going to go higher or lower during that time? If people are holding based on the fundamentals and a resolution of the strike, why not buy now then?

I'm no expert but if I'm basing it solely on the heath of the cinema the resolution of the strike isn't going to be where the upturn is. There's still Barbie at the moment and we haven't seen the impact for movies yet. Cinemas are going to be at their lowest point next year or the year after.

I suppose you can hold and wait for 5-10 years and maybe you'll be okay? That's probably what you should be planning with investments anyway instead of trying to time the market unless you're an expert who does this every day.

Of course that's also if you believe the cinema industry will be a lot healthier by then.

BewmHedshot posted...

Going bankrupt wouldn't mean the movie theaters would stop showing movies. Did GM stop building cars when it went bankrupt?

You think AMC is getting a government bailout?

Its honestly worth it just to buy 1 share and say you are an investor on the AMC app. You get free stuff all the time like free large popcorn or drink

Requiem posted...

Unless the business model changes.
There used to be places that rented out video tapes.

they should put it on Atari tapes

lmao bag holders

Returning_CEmen posted...

Its honestly worth it just to buy 1 share and say you are an investor on the AMC app. You get free stuff all the time like free large popcorn or drink

Is this real

life
Or is this just fantasy?

Why would you buy AMC stock, who had anything but a terrible outlook for movie theatres in the future

Damn_Underscore posted...

Why would you buy AMC stock, who had anything but a terrible outlook for movie theatres in the future

AMC had the most optimistic look and it still tanked.

Fwiw they broke even on their last earnings. Everyone else is still losing money.

Cinema is dead. Hollywood is dead. Long live family guy cutaways.

Damn_Underscore posted...

Why would you buy AMC stock, who had anything but a terrible outlook for movie theatres in the future

1. It's $2 a share.
2. I believe in the movie theater experience and have for a while. Barbie and Oppenheimer made big bucks. Blue Beetle got a showing. Mario did great. People are already tired of samey streaming experiences from Disney+ and Netflix, they want big events. It might not be the perfect time to get in, but I hope in 10 years people will still be excited to go out to the he movies.

Hmm I should buy.