AMC Entertainment Holdings Inc (AMC)

[GoodGuyBill]

No. It is down today for the same reason it fell from $72 back in June-- mainly (but not exclusively) desperation. Those who are over-leveraged to the hilt have no choice but to prolong the inevitable and hope for a miracle. Just look at the volume. AMC fell 11% on half the avg volume (which has been significantly low during the last 3-6 months). AMC has daily dark-pool trades averaging more that 60%! We will have a lot of these 'hits' as no sound-thinking ape believes these hedgies are going to give us billions of $$$ without a bloody, prolonged scorched-earth fight. This hit doesn't matter in regards to the FACT that at some point every short position will need to be closed and given the Federal Reserve's report on the damage the over-leverage could do to the financial market, I would guess these positions will be closed sooner rather than later.

Also, the entire market suffered today. Tesla lost 12% do you think investors have soured on Tesla too, lol?

Regarding your $10 flips, that strategy is not a bad strategy. But the short-term taxes could eat a bigger portion of your winnings. For me, I just buy when it falls and forget about it. I set some alerts for major price improvements and go live life!

Is that why the price went down over 11% today.

Look you hold it as long as you want and I'll continue to trade 10 dollar flips, at least one of us will be happy.