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Thread: AMC

  1. #1

    Default AMC

    Can't stop it.

    I actually bought some at 12.52 in May and sold about a week later at 19.12. I was very happy with that but right after that... boom!

    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Please do your own due diligence.


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  3. #2

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    Default Re: AMC

    Well, that’s a bummer.


    Sent from my iPhone using TSP Talk Forums
    Scott Harrison
    Senatobia, MS

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  5. #3

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    Default Re: AMC

    AMC sells $230M shares to Mudrick Capital to raise money. Who knows what price they got those shares at, but then they turned around and unloaded them the same day.

    Insider selling has been through the roof, including a most recent $411,000 sale by an officer on May 28.

  6.  
  7. #4

    Default Re: AMC

    OK, then.

    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Please do your own due diligence.

  8.  
  9. #5

    Default Re: AMC

    The entertainment continues. AMC is down 30% right now.
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Please do your own due diligence.

  10.  
  11. #6

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    Default Re: AMC

    11.55M share offering with sales to be in bits and pieces. They don't seem to confident in their future as stated in their SEC statement:

    Under the circumstances, we caution you against investing in our Class A common stock, unless you are prepared to incur the risk of losing all or a substantial portion of your investment.
    https://www.sec.gov/ix?doc=/Archives...18373d2_8k.htm

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  13. #7

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    Arrow Re: AMC

    In early March, I began day/swing trading AMC. If you look at the chart, you will see that it basically trended between 8 - 15 until it finally broke out. That was easy money. I continue to day/swing trade AMC. As most of you know, I transferred my military TSP to a Traditional IRA in order to day/swing trade it along with my other accounts. As of now, my day/swing trading success rate is 94.29%.

    Because the short interest in AMC remains @ 17.46%, and the shares on loan are 138.55M, I just might have to initiate a long position today. We shall see!

    God Bless
    Last edited by Rod; 06-04-2021 at 09:11 AM. Reason: Clarification
    "Treat your wife with honor, respect, and understanding as you live together so that you can pray effectively as husband and wife." 1 Peter 3:7

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  15. #8

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    Default Re: AMC

    Quote Originally Posted by Rod View Post
    In early March, I began day/swing trading AMC. If you look at the chart, you will see that it basically trended between 8 - 15 until it finally broke out. That was easy money. I continue to day/swing trade AMC. As most of you know, I transferred my military TSP to a Traditional IRA in order to day/swing trade it along with my other accounts. As of now, my day/swing trading success rate is 94.29%.

    Because the short interest in AMC remains @ 17.46%, and the shares on loan are 138.55M, I just might have to initiate a long position today. We shall see!

    God Bless
    Where did you transfer your money to? What outfit? E-trade?
    Scott Harrison
    Senatobia, MS

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  17. #9

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    Default Re: AMC

    Quote Originally Posted by rangerray View Post
    Where did you transfer your money to? What outfit? E-trade?
    TD Ameritrade. I really like their Thinkorswim (TOS) platform. BTW... now awaiting that breakout above 56...
    "Treat your wife with honor, respect, and understanding as you live together so that you can pray effectively as husband and wife." 1 Peter 3:7


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  19. #10

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    Default Re: AMC

    It is a bit worrisome that market leaders have been weak while speculative stocks (NKLA, AMC, BBBY, RIDE) have taken the front page.

  20.  
  21. #11

    Default Re: AMC

    Off AMC for a minute but addressing your point...

    The rallies in some of the bull market tech leaders on Friday did nothing to help their troubling charts. I posted this in Friday's commentary...

    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Please do your own due diligence.

  22.  
  23. #12

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    Default Re: AMC

    Another $1.4M sold by insiders yesterday. Any guesses as to who they sold to?

    Commenting about the share count, AMC President and CEO Adam Aron said, “The number of investors who want to own a part of AMC continues to increase and now stands at approximately 4.1 million. More than 80% of AMC shares are held by a broad base of retail investors with an average holding of around 120 shares.
    https://investor.amctheatres.com/new...t/default.aspx

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