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IMO they will continue the shorting and government
has obvious blind eye to it in order to keep everything moving.....
they realize they can't afford the implosion or effect on the system
it will have if AMC is not kept in check!!!!
In mean time AMC becomes a fundamental play JMO
Apparently AMC recent 8k filing friday was
notification that AMC is dismissing the use
of revolving credit that they had available to them
and used back in 2020 w/ covid situation which
represented 225M credit which was used at the time
and has since been paid off and AMC will use other
means of credit going forward if needed
Secondly, volume is up this morning.....
no word on the conversion but IMO I believe it's done
or maybe 90% done...
in mean time I just sit on my silo's of amc shares to infinity
and beyond!!!!!!!!!!!!!!! hehehehehehehehehehe
Nice....well anticipated....
now the revenue stream needs to improve....
2024 will be a challenge but 2025 should return
to normal......weeeeeeeeeeeeeeeeeeeeeeeeee
Pretty scary stuff when you tubers start
explaining about algorithms for amc and
how they work......it's about as funny as
taxi cab drivers making stock recommendations
just before the big crash.....
btw will amc close at 3?????
wow dow is actually holding it's gains.....
I would like my Uncle Mike to pay Kenny a little visit,,,,,,
hehehehehehehehehe
Vol a little excessive today 24M and spread 47 cents
but then again there were millions of amc short shares
available for trading multiple multiple multiple multiple times....
Kenny let's get together theirs someone I would like to introduce
you to....
could 3 be a battleground number for the close?????? options look
interesting.......
they did a pretty good job today of letting dow run up....
but end of the day will be different IMO....hehehehehehehehe
between wallstreet and government there is way to much
corruption....everything for most part is fake to lure the sheep in
and maintain confidence.........
No coincidence they are shorting DJT stock!!!!!!!!
Time for Wallstreet to be taken DOWN!!!!!!!!!!!!!!
including the government agencies that support the corruption!!!!!
Time to arm yourself if you haven't already!!!!!!!!!!!!!!!!!!!!!111
Wallstreet needs to be taken DOWN!!!!!!!!!!!!!!!!!!!!
PERIOD!!!!!
Not sure why????
right now on top 10 most traded??? (actually 3rd)
somethings up we'll find out eventually.....I'm not even going
to try to speculate....
Avg short vol ratio is 65.69% (10day)
but doesn't mean much since R/S last summer and
dilution of amc stock......when there were less shares and borrowing rate
was 1000% now plenty of shares for shorts to use and
rate now around 1% ..not much pain.....wall street always wins!!!!!!!!!!!!!!!
retail always on wrong side!!!!!
Few Comments on AMC:
1. Revenue needs to increase- not expecting the move in 2024 but 2025 should be a truer representation of movie business
2. Current situation AMC is experiencing cash burn and negative income…May’s earning should be worst of 2024, expecting a (200M range hit)
3. 2025 AMC should have increased revenue which will result in positive earnings and cash flow
4. AMC should carry about 2.2B in debt going forward by 2026 (debt will be restructured)
5. Improved Return on investment (ROI)
-Dec 31, 2023 -2.96%
-Sept 30, 2023 -6.04%
-Jun 30, 2023 -14.7%
6. Adam Aron continues as CEO
Happy Friday!!!!
-Yesterday's amc short vol ratio was 72.99%
-10 day running avg is 65.7%
-short interest is reported at 16.07%
-Yesterday's close on AMC was 2.8 Wed close 2.83
-spread yesterday 16 cents (2.73-2.89)
-Vol 15.594M
-AMC market cap is 738.1M with 263.61 shares outstanding
-Only 6.89% of yesterday's trades were on NYSE
-IMO conversion is over 80% done if not more
-Earning report is stated as May 3 but subject to change
-Will we hear about a Debt restructuring on AMC's loans????
2024 25.1M
2025 118.3M
2026 2.8854B
2027 525M
-btw JP Morg., Chase, Well Fargo, Citi report earning today...hehehehehe
how well can they bury their commercial RE and bond exposure????
-JP Morgan investigation about laundering money related to international banking affairs??????
AMC CEO Says Bankruptcy Is 'Inconceivable' As Shares Hit 52-Week Lows: '2025, 2026 Are Going To Be Gangbusters'
BENZINGA 10:42 AM ET 4/10/2024
Symbol Last Price Change
AMC 2.85up -0.12 (-4.0404%)
QUOTES AS OF 03:32:30 PM ET 04/10/2024
Movie theater company AMC Entertainment Holdings(AMC) recently saw its shares fall to 52-week lows, while also announcing an at-the-market share offering.
AMC CEO Adam Aron brushed off concerns of bankruptcy.
What Happened: Movie industry experts expect a weaker box office in 2024 compared to the prior year, which could have AMC shareholders concerned.
When Aron was asked about box office concerns at the 2024 CinemaCon gathering in Las Vegas, he told The Hollywood Reporter that a restructuring is not going to happen for AMC.
"Personally, I think it's inconceivable that AMC would have to restructure like Regal Cinemas did and file for Chapter 11," Aron said. "One of the things I'm very proud of is that going into the pandemic, AMC was in very strong position."
The entire movie theater sector was hit hard by the COVID-19 pandemic, Aron says. Indeed, it has taken time to recover. The Hollywood strikes created a "double whammy," he added.
"We are already at the four-year mark since COVID shut theaters in March of 2020. And the box office is still not yet back to where it was before."
Aron said AMC has gotten "more creative" at trying to cope with COVID.
The AMC CEO highlighted the concert films of Taylor Swiftand Beyoncethat were done in partnership with the movie theater company. Aron said the company will consider distributing more films if it makes sense.
Special events like the 2024 Summer Olympics will be shown in AMC theaters along with some live concerts.
Aron also highlighted a retail popcorn business, which sees over 6,000 stores including Korger, Publix and Walmart carry the product. Aron didn't share numbers on the popcorn business but said it is very successful. At the movie theaters, customized popcorn holders that highlight new releases and are limited-time in release, have generated $54 million in revenue over the last five years, Aron added.
Related Link: AMC Entertainment(AMC) Q4 Earnings Highlights: Revenue Beat, EPS Beat, ‘Stunning’ Results From Taylor Swift, Beyonce Films
What's Next: The CEO said AMC has enough cash on hand to get through 2024. A strong box office is predicted by Aron for 2025 and 2026.
"Everything that I see tells me 2025 and 2026 are going to be gangbusters. And that means our EBITDA is going to go way up."
Aron said this could solve the problem of concerns from investors and analysts and makes him "quite optimistic and enthusiastic."
While the 2025 and 2026 box office numbers could be stronger, analytics firm Grower Street is predicting a decline in 2024. The global box office is expected to decline 5% year-over-year to $31.5 billion. The North American box office is expected to decline 11% to $8 billion in 2024.
For comparison, the box office prediction would be down 30% from the three-year average of 2017, 2018 and 2019, which were prior to the COVID-19 pandemic.
In 2024, the box office of the winter period, which is tracked as the first day after the New Year’s week through the Thursday before the first Friday of March, was down 21.6% year-over-year, despite 13 more films released.
AMC ended 2023 with a cash balance of $885 million, according to the report.
"That's money in the bank. It suggests to me that not only have we weathered the storm so far, but to the extent that there's any storm left, we will weather that as well."
Aron said he doesn't see a scenario where the company doesn't have enough money to make it through 2024.
AMC Price Action: AMC shares are down 5% to $2.83 on Tuesday, hitting new 52-week lows. Shares of the movie theater company are down 93% over the last year and down over 50% year-to-date in 2024.
Government and Big Money is giving out rose colored glassed...
make sure you get yours.....yep the sheepherders are directing
the sheep...."the economy is working well........."
hehehehehehehehehehehehehehehe
let the games begin........
rate cuts taken off the table for June.....really!!!
hehehehehehehehehehehe
10 yr. T bills up to 4.485%.....
Sea of Red in the markets....hehehehehehehehehehehe
CPI came in higher than expected!!!!!
So rate cuts for 2024???....can you spell hyperinflation
Inflation rates vs Commercial real estate rates!!!!!
take your pick!!!
but let's see how they spin this to keep illusion going!!!!
"don't trust anyone"....it's a rouge!!!
hehehehehehehehehehehehehehehehehe
Yesterday short interest volume was 58.93%
avg for 10 days 63.1%
yesterday short interest inc. from 13.18% to 16.07%
spread was 6 cents and vol around 9M....
JMO conversion of 83M shares to cash is pretty much done
IMO
based on diminished volume for amc...
and heavy vol form last thur and beginning of the week that 70% of
the conversion is done and balance of 70-80M$ remaining conversion of
stock will be drawn out with time with no urgency......this conclusion is based on my personal
calculations of daily vol and pricing on those days...JMO
Yesterday short vol ratio was 71.14% and 10 day avg 64.1%
This morning we broke 3!!!!! 2.96 low in early trading......
hmmmmmmmmmmmmmmm vol 3.0M...vol picking up at <3 price
looking to buy a little this morning hehehehehehehehehe
Yesterday's close 3.14
Today's close 3.1 difference -1.27% from yesterday's close
Vol 19.534M and 363K at the bell traded
spread 3.0-3.21 (15cents)
Dark Pool action 13% traded on NYSE
no other outstanding activity related to most traded or gain/loses
tomorrow should be a better indicator of amc price action
Yep
US Government spends way more than they take in and continue to
print....
2019 Repo market collapsed and then we had Covid....by coincidence????
major bail out....hmmmmmmmmmm...looking at repo rates could we going
into a severe inflationary period....hmmmm....maybe hyperinflation....
IMO our economy is being held up artificially to protect interest of 1%ers.....
Vol on amc has diminished considerably compared to thurs and mon which
were both 45M+.......tomorrow should be better indicator of what is going on
with AMC.....
I'll buy a little under 3....hehehehehehehehehe
com'n Kenny you know you want to do it!!!!
maybe around 1-2 pm hour......
should be interesting how they trade amc today...they brought it down over
15% yesterday....will they break 3 today????
volume today is much lighter than yesterday....hmmmmmmmmm
ditto
so amc has 2.89B$ debt loan due in 2026...that's the
caveat that needs attention...'24 and '25 loans are peanuts...
my wish is this $250M conversions is tied to loan restructuring??????
Dark Pool Trading???? (btw non of the below is new just old information rehashed)
-If you are any student of the markets you have to ask yourself how can
retail investors make intelligent decisions on stocks when dark pool (ATS) numbers
are only privy to few and privileged. Well known fact public does not have access to these trades
or the information.
-Numbers for dark pool trading- "40% of all US executed trades are done in dark pools" this number is dated btw from years ago
-Dark pool averages for few stocks: 64% of AMC, 50% of AAPL, 53% of TSLA, 40% of MSFT....
-Yesterday 8% of AMC's day trades were done on NYSE leaving 92% in ATS or dark pools...AH trading improved on NYSE trading to 10%....
-So if your a technical analyst of stock data and only have 8% of information what are your
chances of completing a successful analysis????
or maybe a simple analogy if you were to be tested on book with 100 pages and only
given 8 pages to read what are your chances of passing that test?
-Today's stock markets are designed for the few and the privileged because only they have
all the data and know the workings of the markets.....the US Markets are not fair markets
for the public and markets are collection of sinister activities done by privileged like blackrock, citadel, vanguard, susquehanna, banks and list goes on.....they control and own these markets to take advantage of the unknowing....if you think otherwise take off the blinders....
-BTW yesterday's short vol ratio of AMC was 78.56% bring the 10 day avg to 61.67% and I
am suspicious that these numbers are probably diluted on the low side....who really knows?
maybe the shadow!!!!!!!!!!!!!!!!!!!!!!!!
There is SO MUCH BAD BEHAVIOR
surrounding AMC STOCK TRADING!!!!!!!!!!
BTW the behavior is criminal in nature!!!!!
Some of data:
-Thurs Mar 28 close 3.72
-Mon Apr 1 close 3.14 (-15.59% drop from thurs close)
-spread 65 cents (3.12-3.77)
-Vol 45.253M.....at the bell 946K shares traded
-AMC was 4th loosing stock on NYSE w/ -15.59% lose
-AMC was 2nd most traded stock most active was AMD
-Expect Citi has realized 20-25% of sale of AMC stock as of Monday
-Projection may be >80M shares needed to generate the $250M based on AMC share price plummeting
-Shorts are taking full advantage of this dilution opportunity
-Dark Pool Trading- only 8% of today's trading was on NYSE
-If I had to guess I would say Tues AMC breaks 3...but in this market the criminals can do anything!!!
Clearly some big players have been collecting gold for some time (months)....
including our friends in China......surprised gold is as low as it is...should
easily be in 2500 range...JMO but is price being manipulated as they
collect it before the run up?????? (hit a new hi in premkt this morning 2286)
looks like amc will easily punch thru 3$ level this week.....hmmmmmmmm
how low will they bring it....we are way early (only 2nd day) in the stock conversion.....
Looks like the conversion of 60-77M shares (this number obvious depends on share price) should be complete by April 9-10.
AMC's history may reveal where the price goes from there.....hmmmmmmmmmm
next earning report is 2nd week in May as of now and results will be
cash burn in -250M range so the combination of $250M stock conversion and
low revenue forecast for first qtr 2024 it is very likely amc price remains in 2-3$ range....
JMO
surprise 3.27 is holding....hmmmmmmm
but it is only Monday and amc is down about -12% for day...
30M traded so far...but it's still early....hehehehehehehehe
AMC
down -12.0% for day as of 1:25pm est
spread 51 cents (3.26-3.77)
price currently at 3.275
vol 28.4M...should hit close to 40M today
looking for drop to 2.9-2.99 before conversion event is over
hehehehehehehehehehehhehehhehehehehe
So we have 250$M stock conversion to cash announcement Mar 28....
we had vol on thurs of around 40M plus & mkts. closed friday and today at 10:30 est
we have around 13M shares traded....range 3.31-3.77 spread 46 cents
question w/ this conversion how far will amc price go down?????
hehehehehehehehehe....the conversion should net around 67-75M shares sold....
IMO this conversion may produce the low for year....could we break 3....
this could be the week hmmmmmmmmm
Sammy will do same thing when he gets out....
Jimmy Baker swindled people as an evangelist and
was sentenced and now he's going right back to what
he knows.....people just don't change....Kenny would
you like to comment on that????
PCE shows inflation increasing.....hehehehehehe
https://www.marketwatch.com/story/inflation-risks-appear-to-be-tilting-higher-threatening-to-throw-feds-rate-cut-hopes-into-disarray-5ffeeb23?mod=mw_latestnews
https://www.reuters.com/markets/us/us-inflation-increases-moderately-february-consumer-spending-surges-2024-03-29/
can you spell hyperinflation???????????
what about the sports betting and how
it is influencing the coaches and players.....hehehehehehe
well what did you expect they just criminalized sports....
even scientific research is now under scrutiny based on
suspected plagiarism and suspicious data.....and then
we have the criminality of markets....and the criminality
just keeps infiltrating our society....hehehehehehehehehe
Yesterday short interest ratio for amc was 67.7%
and 10 day avg. 58.14%
hmmmmmmmmmmmmm
spread yesterday 31 cents (3.65-3.96)
close 3.72 ....drop of -14.29% from previous close 4.34
vol. 44.2M
and big announcement that created the vol by citi and gp
HAPPY EASTER!!!!!!
In mean time I'm HOLDING and looking to buy more at right price...hehehehhehehe
JMO
I really don't think bankruptcy is in cards for AMC....
if bankruptcy was a option they would have done it a long time ago...
IMO 2024 is a tough year and this qtr coming up....AMC needs cash
in 2024....
IMO it will only get better after this qtr...
but that's just my opinion....
Looks like citi stopped selling little after noon today.....
hehehehehehehehehehehe...citi must have sold 1/4 if not more
....I'll wait out the year and buy at the low.....
heheheheheheheheheheheheh
Citi must be selling quite a few shares.....
amc vol over 30M.....hehehehehehehehehe
expect shorts don't need to borrow many shares
today........
See Sammy got 25 years.....hmmmmm
https://www.yahoo.com/finance/news/sam-bankman-fried-sentenced-to-25-years-for-defrauding-ftx-investors-153316368.html