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Megamago
Nov 10, 2020 1:11 AM

Watchlist SHORT - retracement after it hits resistance Short

AMC Entertainment Holdings, Inc.NYSE

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SavageTraders
i took a poll with 112 people on twitter. I asked, has going to the movies changed your outlook on going to the movies even after there is a vaccine?
responses were impressive, 73% said they will not even after. plus they said that tech online for movies etc has changed so much. My outlook I would not want to long AMC long term, there books are thin, i see a chapter bankruptcy in the future. option puts look healthy if we run up to $4.80-$5.15
Megamago
@SavageTraders, yep, I'd keep an eye on DISNEY also. They need the movie theaters for their movies. Big chance that the mouse buys some out.
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