Close Menu
    Wall Street

    Bought the dip of AMC

    Bought the dip of AMC

    https://www.reddit.com/gallery/1sqss37

    Posted by Administrative_Rub34

    44 Comments

    6. Nova-316 on

      1.46m shares 13.5k contracts that is some real optimism… has to know something we don’t. I’ll put this on my watchlist for you

    8. marketsnack on

      I don’t know if this is an amazing play you’re sharing or the complete opposite. Who knows? Good luck!

    11. TheVishual2113 on

      Remember when it was at rock bottom price in 2020 and now it’s 90% less than that

    16. misterbluesky8 on

      I know this isn’t r/thetagang, and this isn’t financial advice, but if you believe in the stock, why not sell some OTM cash-secured puts? 

      I’m looking at the $1.50 CSPs expiring 5/15, which are trading at 0.10-0.13. Let’s say you get them at 0.10. You want to own 1.4M shares, so let’s say you sell 14000 CSPs and get $10 for each contract. 

      It’s trading at $1.80 now, so even if the stock goes down 10%, you still pocket the $140K that you got in premiums. If it goes below $1.50, you get the shares that you wanted at an even better price, and you collected $140K, so you can buy even more. And if the stock goes up, then you have to decide what to do (and you might miss out on upside), but at least you’re sitting on $140K. Even after taxes, that’s still a lot of money. 

    22. AyDylo on

      It feels like WSB is trying to pump the stock before earnings. My guess is that it might reach $2 like 4 days prior to earnings, then dump to $1.50, and then tank after earnings.

      The stock never does well on earnings because that’s when investors are reminded that the business has no real path to pay debt other than to dilute the stock. Even on their best quarters, they are barely squeezing by just to maintain expenses.

      They have no path to becoming a successful business at this point. There isn’t a business strategy to turn it around. Even if the debt gets paid off, the business will still struggle and the stock will always be the answer if they need funds. It’s a terrible investment. I’m all for the meme trade but this isn’t a meme trade. This is just a scam.

      Buy Grindr or something gay if you want a meme trade.

    24. No_Cell6708 on

      The dip? It’s up 80% in a month, drops 2%, and you’re saying you bought the dip?

    31. forumofsheep on

      If something has a -98% all time graph, its not called a dip…its called a dogshit company…

    32. hugo_posh on

      This stock lives in a permanent dip. Don’t get in, i still regret not selling what i had during the squeeze hype at the top. The CEO will dilute for sure if this moves up too much.

    33. Jtbny on

      Unless they are turning all their theaters into data centers this is regarded.

      Good luck!

    34. darmeek on

      Welcome to the team. Currently sitting at +450% gains, I’d like to see it climb into the thousands 👀

    42. Lancearon on

      I would but shorts on amc if it was worth it…

      Its a sinking ship my friend. Its not 2020 no more.

    43. pros3lyte on

      went to an amc theater last week. Popcorn was terrible. No butter or salt in the middle of the bucket – popcorn cold. Only gave refills on large popcorns. Popcorn was sitting on a counter already scooped so when I walked up to buy some they just handed me a bucket from the counter. Place was absolutely dead so I know that popcorn was sitting there for a while.

      Just all around not great popcorn experience. Have defaulted to only going there to buy promo popcorn buckets, then seeing movies at the Emagine down the street.

    Leave A Reply