NOT FINANCIAL ADVICE - AMC is a better bet than GME but still dangerously high
If AMC were to crush and replace all competitors, they would still be valued way too high.
Againj just like GME, directly shorting this is a good way to get liquidated, however, buying some put options could be the better way to play as this is likely to come down over the next year.
For those buying right now:
If you are buying because of a dividend, that dividend was only significant when the share was $20, now the same dividend is technically worth a third of what it was when you consider the share price has gone up 300% (and that is assuming streaming hasn't taken the future-wind out of AMC's sails).
If you bought in the last 4 hours just know that you bought resistance and that is dangerous before a confirmed breakout, you will likely see a monster pull back to the $50s if things run out of gas tomorrow or Friday.
If AMC were to crush and replace all competitors, they would still be valued way too high.
Againj just like GME, directly shorting this is a good way to get liquidated, however, buying some put options could be the better way to play as this is likely to come down over the next year.
For those buying right now:
If you are buying because of a dividend, that dividend was only significant when the share was $20, now the same dividend is technically worth a third of what it was when you consider the share price has gone up 300% (and that is assuming streaming hasn't taken the future-wind out of AMC's sails).
If you bought in the last 4 hours just know that you bought resistance and that is dangerous before a confirmed breakout, you will likely see a monster pull back to the $50s if things run out of gas tomorrow or Friday.
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If I had to choose between selling this stock or buying it for the purpose of selling calls, I would still choose not to buy it at the current price and especially not for the hopes of a small gain through selling calls.
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I wonder how many people will hold AMC while the company shorts their share holders by doing exactly what they claimed they wouldn't, dump shares any time they want.... sec.report/Document/...001104659-21-076091/
The company is selling 11.5 million shares and they are publicly telling their investors that they know the company is way overvalued and that's why they are sucking money out of investor pockets, they are also recommending investors DOT buy their company.
The company is selling 11.5 million shares and they are publicly telling their investors that they know the company is way overvalued and that's why they are sucking money out of investor pockets, they are also recommending investors DOT buy their company.
Trade closed: target reached:
Just want to thank my sponsor, JESUS CHRIST.
I genuinely hope nobody bought for the purpose of selling calls, they might as well buy the top and sell the bottom.
I genuinely hope nobody bought for the purpose of selling calls, they might as well buy the top and sell the bottom.
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www.google.com/amp/s...rategies-11622657539
As if my chart didn't already provide credibility for my idea.
As if my chart didn't already provide credibility for my idea.
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the trend lines were strong with this one
the trend lines were strong with this one
