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BeardedSince
Dec 4, 2020 6:40 PM

Exit AMC Short

NYSE:AMC1D
AMC Entertainment Holdings, Inc.NYSE

Description

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AMC is Bloody mess right now. Also current news on AMC needing shares bought or will have to file bankruptcy is not looking good.

When I see AMC situation I remember HTZ* and GNC*.

Beware traders. Don't lose your shirts.

*Indicators used*
-Zig Zag
-Pivots
-Vol
-MACD
-Super Trend V1.0
Fundamental AnalysisTechnical Indicatorsshortdangercinemasbankruptcy
Comments
ap0pt0sis
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what about vaccine news though
BeardedSince
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@ap0pt0sis, Company already announced they can't afford the rebound since they will blow through their cash reserves before then. Vaccine news is good but it is too late now. They need months of good business to rebound and they don't have months. This company is done for, hopefully they can get bought out by another Cinema company like CNK*
YoloSwag420LamboMoon6969
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@BeardedSince, What happens to my AMC shares if they get bought up?
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