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A $10 morning gain that has now evaporated is not FUD. Good luck!!
Yap, AMC debt trades at about 70%. The company keeps losing money, probably another half billion this year. It's a balloon. A fun one till it goes pop. Good Luck!!
Buy $29 calls, sell $39 calls for 1.15 spread. Expire tomorrow. Ok, I'll throw a few bucks into the fun. Why not. Just for giggles. If it crashes so what.
Question?? You may not want to answer and I respect that. Have you written any current in the money calls at this point AND have they already been exercised. Good luck
For now, but everything returns to fundamentals. It just takes time. This will probably run like GME $400. You have an excellent CHANCE tomorrow IF people exercise the call options. If they just sell the calls it will probably fizzle.
Good luck!!
I told you a long time ago I had an exit plan and I would think my long silence demonstrated that.
Now is not he time to short (and frankly I would not know how to even find shares available anymore)
I just find it entertaining to watch now and some put options will come into play when the right signs show.
I have always told you good luck!
Ha ha. 100K shares to sell at $20 followed quickly by another 100,000 shares. Lets see you get through that wall. Anybody got an extra 5 million laying around to buy this overpriced dog company that will probably lose another half billion dollars this year. Enjoy the hype while you can. Good luck!
Gamma squeeze tomorrow!! Haven't you heard? It's going to be EPIC!
I'll wait for the options to start trading then decide. I would rather come in on calls. Good luck!!
I'm buying a very small position just for nostalgia. I just want to be able to tell the grandkids I was a buyer on the very first day!!
Less competition for box office sales is on your side. I do not know the locations in comparison to AMC to know if it will have a big impact.
Congrats on the turn and burn. Partial cover tripped.
Impressive for a $2 stock.
Holding for $7.
No possible margin call.
Exit plan in place for the unexpected.
No way to lose. Thanks!!
Having common sense, experience, risk tolerance is not a sad way to make a living. Being blind to the facts is a good way to lose $.
As much as the crowd would love to repeat the glorious squeeze the conditions have changed. Maybe there is a Santa Clause though.
Great post! Thank you for someone posting reality. Seems this is a reason why they need the new shares too.
Big time box office sales desperately needed.
Buying AMC is like trying to catch a falling knife!
There is no distortion. The stock has shed $5 in about the last 3 weeks.
The nearest term trend from my view is the most important. If you want to trade on a longer term trend that's your choice.
March 18 $14.31 to April 9 $9.31. That is a $5 drop. That's all I'm saying. Yes, it has been up and down once in the 9-11 channel but not for much longer I would assume. Good luck!
Yes, all good, not much, just lunch money. Thanks
$5 drop last few weeks working fine for me.
Well considering the chart has dumped $5 (14.50 to 9.50) past few weeks you might catch a bounce. Good luck with that.
What happened guys? My $9.50 puts are golden.
For fun, buying long shot $9.50 puts that expire in 2 days and then I'm going fishing rest of day.
Just a few hundred $
Here is a chance for you guys to take me down 100% loss on this one. Then you can brag about how wrong I was and send me more vulgar private messages.
Better hold the line. Good luck!!
In my opinion the post was not accurate as it seems to infer an acquisition took place of New Cinema. Locations are being rebranded, but the NC business is not being acquired. Sorry for those who held NC rewards and gift cards as AMC will not honor them. Maybe its just semantics.
Whatever, stock is moving back down anyway. You know, it was suppose to break that wall, crush the shorts, gamma squeeze, do triple flips.
Yap, whatever, its 8 theaters and a rebranding. Not acquiring New Vision.
Who cares. More locations to burn cash at.
Buy if you want, AA needs you to keep the pps up and vote yes on the new 500 million shares.
You might want to check your facts. They are on your own link!! Glad to see your enthusiasm, but this is not a big deal.
AMC Theatres is not acquiring the New Vision business in whole, only 8 of the individual theatres.
Having held $10 is a good sign, I really thought it would break down. However, stalling through the big meeting in May seems likely.
Seeing AA basically pumping the stock on these cable shows is entertaining.
IMO Disney and Amazon have more sense than to buy or financially involve themselves in a company with negative equity. It would be better to pick the AMC bones after a default. AMC needs to go them and plead for a deal to stay alive, something to help them get back in the black quickly.
Actually, I am aware. Concessions are big deal for AMC. I do not remember off top of my head but I think pre pandemic probably around a billion annual. The great thing about food is they get to keep more of it. It is also a big box office tool as higher food prices that they keep a larger share allows lower ticket prices that they split. Tickets may split 50/50 while food may be 80% retention.
Concessions will be an uphill battle and mgt despite doubling their pay has offered little guidance that I know of. What will the regulations be? Will the self serve drink machines have to be out of service? Did AA even mention anything about concessions in his latest interview? Why did AMC just shutter while other theaters did drive up popcorn my understanding keeping workers paid with forgiveable PPP loans?
You guys can go for your moon shot and if mgt was for you and if the company was not in such a train wreck it may fly. I think the $20 run was it and not to be repeated.
More information is needed. Just use your brains, and good luck.
If AMC was not already in such a giant hole that they need a BILLION share AS I would be inclined to agree with you.
I think you guys are in for a ride and a rude awakening though.
Short term enthusiasm always gives way to company fundamentals. In the not so famous words of captain stock
\\// trade short and prosper
Good luck rest of day. I'm outta here
Yes, all that retrofitted expensive equipment to upgrade theaters is very nice.
Think about where it is located at. In leased spaces. Is the rent paid??
AA seems to think past due rent can be paid in stock. Hmmmm
Times are changing and it can trend one way or the other, but with AMC already in a challenging time another challenge to deal with is not needed.
Even if it all picks up and gets close to normal .. Normal for them was losing money to begin with.
The bigger picture and streaming may be at the same time. No more exclusive for theaters is the buzz. AA is not going to like it but what's he going to do about it other than take another bonus.
Theaters may have a place, but for those that are billions in debt with outdated business models will they survive?
What happens if Universal, Disney, or others decide to go straight to streaming and bypass the theaters??
To bad AMC did not see this coming and already have streaming partnerships in place.
Better be thinking, not wishing.
G vs K will help AMC pay a fraction of the 400 million in interest it owes!
Maybe it will slow down the near billion dollar cash burn.
Use your heads ... Think about it.
5 Year Expense Trend (rounded in millions)
2015 2.7
2016 3.0
2017 5.0
2018 5.2
2019 5.3
What good is it to have increasing revenues with increasing expenses and not a profit.
I'm going fishing. Good luck today and tomorrow. Happy Easter, enjoy!!
With respect consider this.
Game is changing and evolving. Seems to have a higher level of stewardship. I'm not supporting them either, but see a change with the chewy guy.
Amc is only 2x value because it is hopeless in its current condition. It's bleeding 125 million a month. Hope that changes for you The value is eroding. You voted no on the share count but if it doesn't pass it's game over for AMC
Ding ding ding!! Thank you, finally somebody with a right answer. Yes!! They need a surprise. Something outside of the box and it is possible.
Partnership with streaming services. Family Fridays. I don't know.
Selling shares without new vision just prolongs the death spiral.
That's great. Maybe it will slow the losses some so they can pay on their 400 million in finance charges, not add to the 4.5 billion in debt and catch up on the rent. If they slow that cash burn it will really help your cause.
I do wish you luck.
AMC has been burning near 124 Million per month with 4.5 Billion in debt. Finance charges alone are approx 400 Million.
The near 1 billion cash that was raised by dumping on your heads is burning this year and will not be stopped.
1 Billion shares total on the way.
Your short term enthusiasm will eventually be crushed by company fundamentals. Enjoy it while you can.
The only way I am wrong is if someone steps up at the company level and says we are changing course and doing something different. So far the evidence indicates they are just going to enrich themselves while maintaining current models that have been losing for years. Even before Covid they were losing.