AMC

155,501 Views | 1191 Replies | Last: 3 yr ago by AgCPA95
Cowboy Curtis
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AG
hoodlum98 said:

So what's the deal with this stock? Is it going to keep going down or is this a big sell off before a shot to the moon?
nobody knows.
wareagle044
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Cowboy Curtis said:

hoodlum98 said:

So what's the deal with this stock? Is it going to keep going down or is this a big sell off before a shot to the moon?
nobody knows.


We know that as of current count at this post ~30,000 of ~4,000,000 share holders owns ~35,900,000 of the ~500,000,000 total shares

How to vote yours shares (Vote by the earnings call on 8/9):

1) Visit https://app.saytechnologies.com/amc-2021-q2/
2) Connect your brokerage to verify your shares
3) Upvote the first question from Timothy B.


I'll try to come update periodically throughout the week:

Current Vote Count:

8/4:
11:12 AM CST: 30,700 Shareholders hold 36,600,000 of 513,330,000 shares - (7.13%)
9:22 PM CST: 36,500 shareholders hold 44,100,000 of 513,330,000 shares - (8.59%)

8/5
9:44 AM CST: 39,400 shareholders (~.985%) hold 47,800,000 of 513,330,000 shares - (9.31%)
10:12 PM CST: 45,300 shareholders (~1.13%) hold 53,600,000 of 513,330,000 shares - (10.44%)

8/6
11:41 AM CST: 48,400 shareholders (~1.21%) hold 56,200,000 of 513,330,000 shares - (10.95%)

8/7
7:27 AM CST: 55,600 shareholders hold 60,500,000 of 513,330,000 shares

8/8
The vote closed with 1.55% of all shareholders holding 13.24% of all shares. Of those that voted the average holding was greater than 1000 shares.
wareagle044
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Earnings call today. I'm thinking AMC beats Q2 estimates

Hard to know how that'll affect price since there's more than like 2x-10x AMC shares on the market
The Pilot
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AG
Bob Knights Liver
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Running a bit AH. I'm thinking spike and then plunge due to profit taking but then rebound tomorrow. Please make me wrong, AMC. Please make me wrong.
wareagle044
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AMC acceptiing Bitcoin by the end of the year - to become more heavily involved in blockchain.

Now accepting Apple Pay and Google Pay by year end
wcb
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AG
Exit now at 35? We gonna see anything better in the next six months?
wareagle044
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wcb said:

Exit now at 35? We gonna see anything better in the next six months?


You're seeing better now @ $36
p-townag
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AG
No way to know for sure. I think it depends on how you view this trade. If you're after the possibility of a huge gamma and short squeeze, definitely hold.

If you're up significantly and happy/satisfied with your returns and don't want to risk the share price dropping to its historical level, then you should sell.
wcb
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AG
Thinking about an exit at $40. Today could be the day.
Discovery77
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AG
I got in at $18 so I am either headed up the mountain or gonna hit rock bottom. hahaha.
wareagle044
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wcb said:

Thinking about an exit at $40. Today could be the day.


$39 is resistance break $42 and it'll test $46
Scud Runner
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What the hell does that even mean?
wareagle044
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Scud Runner said:

What the hell does that even mean?

It means there is something going on between $39-$42 preventing it from breaking through that price point. Once it does, there is statistically not another point like that till $46-$50. Breaking through and holding above $42 would indicate that whatever was causing the wall between $39-$42 has been eliminated and a new support has been established and that could run up as high as $46 before meeting more resistance.

wareagle044
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https://todaysfive.com/amazon-to-buy-amc-negotiations-reopened-stock-value/

Can't vouch for the credibility of this article but it's not the first I've seen of this idea
Bob Knights Liver
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Bob Knights Liver
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Boom. Only the 50-day moving average is above it. No big pivots until $43.09.
cmk10
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AG
We are moving boys and girls!!!!!!!
wcb
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AG
May dump some at $50. Crazy day.
wareagle044
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wcb said:

May dump some at $50. Crazy day.
It may open the day tomorrow at $50 depending on Euro markets / pre-market

I'd also be on the look out for a bull trap and for the price to dump Thursday/Friday if they can hang on that long to kill some options players. Should be a fun couple of days.
p-townag
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AG
I'll probably sell some at $500 per share.
cmk10
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AG
That would pay off my house
Vade281
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AG
p-townag said:

I'll probably sell some at $500 per share.
me too lol
wareagle044
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cmk10 said:

That would pay off my house
at these interest rates? just invest more somewhere else.
cmk10
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AG
I'm just saying in terms of the return amount i would have IF it gets to 500
Bob Knights Liver
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I know there's the meme diamond hands and hodl and all of that, but make sure you take some profit as this plays out. If this falls back to $30 you will have wished you took some profit so you could reacquire at the lower price. You can keep doing that with each fluctuation and either add more shares on the same capital invested or start paying back some of your capital but keep the same shares in play. It might go back to $70 or it might squeeze more and go higher this time. Or it might peak again and head back to $30 for more accumulation. Make sure you are logically evaluating your risk/reward and regardless of how the market moves you'll know you made the best decision based on the information available.
Vade281
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AG
Added more AMC to my position.
Scud Runner
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wareagle044 said:

wcb said:

May dump some at $50. Crazy day.
It may open the day tomorrow at $50 depending on Euro markets / pre-market

I'd also be on the look out for a bull trap and for the price to dump Thursday/Friday if they can hang on that long to kill some options players. Should be a fun couple of days.



Yeah, should be
wareagle044
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Scud Runner said:

wareagle044 said:

wcb said:

May dump some at $50. Crazy day.
It may open the day tomorrow at $50 depending on Euro markets / pre-market

I'd also be on the look out for a bull trap and for the price to dump Thursday/Friday if they can hang on that long to kill some options players. Should be a fun couple of days.



Yeah, should be
Hopefully, support has established at ~$42 above the previous resistance levels. Should provide a solid platform to attack $46-$50 -- gotta hold $42 or fall back down to the levels below $39 which will be today and tomorrow's goal for those against the stock.
FamousAgg
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Good day so far
Discovery77
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AG
why or what is keeping AMC around $46? I figured we would touch $47-$48 then retreat a bit?
wareagle044
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Discovery77 said:

why or what is keeping AMC around $46? I figured we would touch $47-28 then retreat a bit?
psychology. bag holders getting out. manipulation.

$46-$50 is going to need a lot of momentum to get through.

FamousAgg
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Up Today

Bob Knights Liver
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Yep. I think we'll get some resistance around $48-49, but then we might slowly move back up towards $60. I don't know that we'll get a big squeeze again since I don't think too many big short sellers get over-extended on this one again, but you never know.
MagnumLoad
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Based on sh counts and conservative statistical analysis, at least 3 billion shares are held of a stock for which only about 500 million sh were issued. There are not anywhere near that many legitimate shorts where sh were actually borrowed. So, that means there are a huge number of naked shorts, which has diluted sh holder equity. That is illegal aka fraudulent. Do naked shorts have to be covered? Is there some other way to compensate people who purchased the naked short sh? How does this get resolved?
I hate tu. It's in my blood.
 
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