Replies to post #890 on AMC Entertainment Holdings Inc (AMC)

[Dr Blunt]

My Thoughts BigCloser on $AMC

Everyone gets paid as a fortune teller to make those types of calls -- but for me having been on the ride since time began I have seen it rise and fall like the Roman Empire.

I bought heavily at the breaking point $1.99 as I figured theater entertainment is still a desired destination as are other venues such as Disney, Six Flags, Cedar and many others. I like $AMC because it offers a unique and at times a very personal enjoyable experience.

The CEO has done a ton of work to keep the company a float, introduced safety protocols, changed the air filtration, slimmed down the menu, and many other facets.

I was not surprised to see the final funding put in place recently by the CEO -- however I was a little disappointed we did not hit the $5 dollar mark with all the profits takers grabbing for some extra popcorn. I had originally set my first stop at $6.01 as I never like to bid/ask on even whole numbers -- just my thing.

So I am looking for the $5.01 break point coming shortly and then a small run up maybe in the mid 5.40s then some profit taking and finally a set up towards the $5.79 or more by late February into March.

I do not have a long term play on this stock as my bones have been aching to get out of the movie theater and get some fresh air. However, long term let's break into the $6s wait for the 2nd round of COVID shots to get past us in March or April and then expect folks to get itching for some movie fun. I am hoping for $8.31 by summers end. That would be a perfect storm for me -- but more likely let's look for it around the high 7s.

The CEO has a ton of debt and will have to get his running shoes on to out pace a 15% lending rate. Can he do it? Hmm -- if COVID gets handled, people get tired of watching the flicks at home, and they catch the scent of fresh popcorn as they enter the theater doors.

All of this is my guesstimate -- you buy your own crystal ball and see what happens but so far I have enough soda pop money from $AMC to enjoy the next 85 planned releases coming out this year in 2021. See you at the movies and don't invest more than you can afford to lose.