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Aug 10, 2021 10:52 AM

AMC chance to break-even on cash flow Long

AMC Entertainment Holdings, Inc.NYSE

Description

AMC quarter revenue $444 million vs an estimate of $382 million,

adjusted loss per share $0.71 cents vs The Street expecting a loss per share of $0.93

Consolidated attendance was 22.1 million for Q2 compared to 100,000 year over year

But the real great news is that AMC has now the chance to break-even on cash flow!

They are burning less cash!

My target is the 40usd resistance.

Comments
jasonrappa
I hate to pop your balloon, but if AMC can't get one daily close above the 21 day MA it will continue its downtrend. Even if fundamentals were to draw people in they'd have to be overwhelmingly interesting for investors (real ones) from taking a long position.
TopgOptions
@jasonrappa, i was disappointed too.
Raypol24
Guys, stop focusing on the Fundamentals on AMC, at least for now. Any other stock with the Great Earnings Report that AMC had on Monday would have at the very least run a 10 to 20 % on the next day. AMC is right now been heavily shorted and price is very manipulated by the Hedge Funds betting against it with very negative short positions valued on the Billions right now and hey are doing short ladder attacks, heavily trading in dark pools and using high frequency trading and so on to shake as many people as they can out of the stock and try drive the price down as much as possible to cover their asses, I mean their positions.. So please, STOP for now with the Fundamental Analysis on AMC, they don't apply very well "At least for now"
DonFiebre
@Raypol24, 100% agree.. manipulation at the finest. For now I just HOLD… will be a beauty thing to see once this pop up.. 1-2, 5 months -i will wait for it. Don’t mind at all
Mihai_Iacob
Best post!Thanks a lot
TopgOptions
@OptimoomFX, thank you too!
Kwahlhomes
Your great thanks for sharing
TopgOptions
@Kwahlhomes, thanks for being here!
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