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2 hours ago, milwaukee mike said:

they really smart thing amc did was announce they weren't going bankrupt yesterday pre-market, and then sold ANOTHER 50 million shares into the market yesterday

 

but for some perspective, over the 5 year period from 2015-2019, pre covid, and pre streaming wars, and with box office breaking records, amc managed to lose $3.15/share

 

they survive but they sure as hell won't thrive

 

Definitely not a longterm hold.

The short squeezers are attacking it like gamestop and BBBY.

The company is a dumpster fire.

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30 minutes ago, brokerstip said:

hope Reddit goes to AMC next; they are just looking for the highest short % stocks and AMC is up there. If I ever see AMC at $50+, I probably won't have many shares left but Id be rich.

Tesla is most shorted stock.  Let’s see Reddit tackle them

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1 hour ago, brokerstip said:

hope Reddit goes to AMC next; they are just looking for the highest short % stocks and AMC is up there. If I ever see AMC at $50+, I probably won't have many shares left but Id be rich.

I think we've got a tiger by the tail with this one.

AMC Entertainment Up 35% After Hours

6:39pm ET 1/26/2021 Dow Jones

Mentioned in article

AMC

By Josh Beckerman

AMC Entertainment Holdings Inc. shares rose 35% to $6.75 after hours.

AMC is one of several heavily shorted stocks that surged amid attention from Reddit users. On Monday, the movie theater operator announced $917 million of financing agreements, and estimated that "its financial runway has been extended deep into 2021."

Write to Josh Beckerman at [email protected]

(END) Dow Jones Newswires

January 26, 2021 18:39 ET (23:39 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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