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- EllyneOngEllyneOng
  ·2021-06-22
  Buy
  Bitcoin tests a key level as the cryptocurrency falls below $33,000
  The price of bitcoin slumped to a pivotal level after it fell to a two-week low early Monday.Bitcoinhovered around $32,000 range throughout the day, down 50% from its April all-time high, following news that China has intensified its crackdown on crypto mining operations. Its central bank also ordered Alipay and other major financial institutions to de-risk cryptocurrency businesses.The notoriously volatile cryptocurrency has struggled to reclaim its highs from earlier in the quarter. The price
  Bitcoin tests a key level as the cryptocurrency falls below $33,000
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- EllyneOngEllyneOng
  ·2021-06-22
  Waiting to buy
  AMC Retail Investors Want to Hold, Management Wants to Sell
  There are 4.1 million individual shareholders of AMC stock who each hold an average of 120 shares.
  AMC Retail Investors Want to Hold, Management Wants to Sell
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16:17","market":"us","language":"en","title":"Bitcoin tests a key level as the cryptocurrency falls below $33,000","url":"https://stock-news.laohu8.com/highlight/detail?id=1129777651","media":"CNBC","summary":"The price of bitcoin slumped to a pivotal level after it fell to a two-week low early Monday.Bitcoinhovered around $32,000 range throughout the day, down 50% from its April all-time high, following news that China has intensified its crackdown on crypto mining operations. Its central bank also ordered Alipay and other major financial institutions to de-risk cryptocurrency businesses.The notoriously volatile cryptocurrency has struggled to reclaim its highs from earlier in the quarter. The price ","content":"<div>\n<p>The price of bitcoin slumped to a pivotal level after it fell to a two-week low early Monday.\nBitcoinhovered around $32,000 range throughout the day, down 50% from its April all-time high, following ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/bitcoin-tests-a-key-level-as-the-cryptocurrency-falls-below-33000.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin tests a key level as the cryptocurrency falls below $33,000</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin tests a key level as the cryptocurrency falls below $33,000\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 16:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/21/bitcoin-tests-a-key-level-as-the-cryptocurrency-falls-below-33000.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The price of bitcoin slumped to a pivotal level after it fell to a two-week low early Monday.\nBitcoinhovered around $32,000 range throughout the day, down 50% from its April all-time high, following ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/bitcoin-tests-a-key-level-as-the-cryptocurrency-falls-below-33000.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust","COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/21/bitcoin-tests-a-key-level-as-the-cryptocurrency-falls-below-33000.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1129777651","content_text":"The price of bitcoin slumped to a pivotal level after it fell to a two-week low early Monday.\nBitcoinhovered around $32,000 range throughout the day, down 50% from its April all-time high, following news that China has intensified its crackdown on crypto mining operations. Its central bank also ordered Alipay and other major financial institutions to de-risk cryptocurrency businesses.\nThe notoriously volatile cryptocurrency has struggled to reclaim its highs from earlier in the quarter. The price first fell to $32,000 in early June and has been on a rollercoaster ride before briefly touching $40,000 last week.\nBut Fairlead Strategies founder Katie Stockton thinks that drop doesn’t represent a significant breakdown and should stabilize in the days ahead.\nFinding the support level\nAnalysts covering bitcoin are watching it closely because its price is slipping to its so-called “support level.” A support level is essentially a lower price at which investors are still willing to purchase the asset.\n“There are oversold buy signals that are arising with this downdraft that make it more likely that support will be discovered,” Stockton said Monday.\nStockton said she’s calling the support level $34,000, based in part on a 50% pullback on the uptrend thatbegan off the March 2020 low. That’s being tested now, based on various technical factors, including the 200-day moving average and the previous lows.\nOppenheimer senior analyst Ari Wald said $30,000 is the key level, and that it should hold at current levels.\nEarlier this month, analysts said the price couldfall as low as $20,000.\n“Bitcoin fell below its 200-day moving average, which signifies a change in trend,” Wald said. “We are not necessarily expecting a blast off and a resumption of that strong fourth quarter move that bitcoin had,” when the price climbed steadily throughout the quarter to a new all-time high in the new year.\n“We see a lot of similarities now to how bitcoin traded at points in 2018 and 2019, where it fell towards the lower end of a range, but subsequent trading was just that – it was a range, and upside was somewhat limited and muted,” Wald said.\n“On the upside it looks like $40,000 appears to be have some key resistance that has limited trading for bitcoin over the last month,” he added.\nA moving target\nSupport represents a potential area of buying pressure and is often based on a moving average of price, though it can also be where an asset has found buyers in the past, like the previous low on the chart.\nA more significant breakdown would be two daily closes below the current level of $32,000 in the short term, or two weekly closes below in the intermediate to long term, Fairlead Strategies’ Stockton said.\n“This week’s price action will be important, because if we don’t see a reaction to these oversold signals, that would create some risk,” she said. “The way things are set up, there should be, after today, stabilization. If they keep going lower from here, then we will start to see decisive breakdowns and we will see a non-reaction to the oversold reading.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":248,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129650687,"gmtCreate":1624371856649,"gmtModify":1703834769452,"author":{"id":"3586768179019398","authorId":"3586768179019398","name":"EllyneOng","avatar":"https://static.tigerbbs.com/f2663ce81d9196675b65b1bf2c93d4d4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586768179019398","authorIdStr":"3586768179019398"},"themes":[],"htmlText":"Waiting to buy&nbsp;","listText":"Waiting to buy&nbsp;","text":"Waiting to buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129650687","repostId":"2145052069","repostType":4,"repost":{"id":"2145052069","kind":"highlight","pubTimestamp":1624371300,"share":"https://ttm.financial/m/news/2145052069?lang=&edition=fundamental","pubTime":"2021-06-22 22:15","market":"us","language":"en","title":"AMC Retail Investors Want to Hold, Management Wants to Sell","url":"https://stock-news.laohu8.com/highlight/detail?id=2145052069","media":"Motley Fool","summary":"There are 4.1 million individual shareholders of AMC stock who each hold an average of 120 shares.","content":"<blockquote>\n <b>There are 4.1 million individual shareholders of AMC stock who each hold an average of 120 shares.</b>\n</blockquote>\n<p><b>AMC</b> (NYSE:AMC) shareholders face an epic annual meeting that will have them vote on authorizing additional shares of AMC stock for sale. The company is in a tug of war between retail investors buying AMC stock and Wall Street hedge funds selling shares short. Importantly, when a person or institution sells shares short, they are counting on the stock price to drop in order to make a profit.</p>\n<p>However, that plan can be thwarted by an equal or stronger force on the other side of the trade, betting that the stock price will go up instead. In the middle of this battle is management, which is trying to capitalize on the fact that AMC's stock price is up over 2,500% year to date.</p>\n<p><img src=\"https://static.tigerbbs.com/6a2c5a3603c77805073f18753ad9d598\" tg-width=\"700\" tg-height=\"465\" referrerpolicy=\"no-referrer\"></p>\n<p>Image source: Getty Images.</p>\n<h3>Voting will take place between June 16 and July 28</h3>\n<p>In connection with the annual meeting of shareholders scheduled for July 29, shareholders whose shares have settled as of June 2 will be asked to vote on several proposals brought forth by AMC management. The most important of these will be the authorization of an additional 25 million shares of AMC stock to be sold no earlier than 2022.</p>\n<p>There are already 501.78 million shares of AMC stock authorized, and management has exercised the authority to sell nearly all of those shares in a bid to shore up the balance sheet. Most recently, it sold 11.55 million shares of AMC stock at an average price of $50.85, raising $587.4 million.</p>\n<p>If management is given the authorization and can sell those 25 million shares of AMC stock at the average price of $60.73 (today's closing price), that would raise $1.5 billion in cash. The money, combined with the $1.2 billion it raised in the last few months, will go a long way toward fortifying AMC's balance sheet.</p>\n<p>The company can use it to pay back some of its $5.4 billion in debt and reduce its interest expense. Or it could hold onto it defensively to protect itself against further disruption caused by the coronavirus pandemic.</p>\n<p><img src=\"https://static.tigerbbs.com/28eb9de3cdf3c24cb8c6d43abbd21d2b\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p>\n<p>AMC stock is up over 2,500%. Image source: Getty Images.</p>\n<h3>Tough choice</h3>\n<p>Retail investors who are hoping to pull off a short squeeze have a tough choice in front of them. On the <a href=\"https://laohu8.com/S/AONE\">one</a> hand, voting in favor of authorizing management to sell additional AMC stock could secure its balance sheet and help it make it through the pandemic. On the other hand, increasing share count will make it harder to pull off a short squeeze because more AMC stock is in circulation.</p>\n<p>Management can be commended on playing its cards well. The surge in AMC's stock price is giving it a lifeline. It's easy to forget that the company was in danger of running out of cash during the depths of the pandemic. Now, with states easing business restrictions, folks returning to movie theaters, and bolstered by an additional $1.2 billion on its balance sheet, that danger has retreated.</p>\n<p>However the vote turns out, it will be interesting to follow as 4.1 million shareholders decide on the outcome. Stay tuned.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC Retail Investors Want to Hold, Management Wants to Sell</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMC Retail Investors Want to Hold, Management Wants to Sell\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 22:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/22/amc-retail-investors-want-to-hold-management-wants/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>There are 4.1 million individual shareholders of AMC stock who each hold an average of 120 shares.\n\nAMC (NYSE:AMC) shareholders face an epic annual meeting that will have them vote on authorizing ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/22/amc-retail-investors-want-to-hold-management-wants/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线","ISBC":"投资者银行"},"source_url":"https://www.fool.com/investing/2021/06/22/amc-retail-investors-want-to-hold-management-wants/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145052069","content_text":"There are 4.1 million individual shareholders of AMC stock who each hold an average of 120 shares.\n\nAMC (NYSE:AMC) shareholders face an epic annual meeting that will have them vote on authorizing additional shares of AMC stock for sale. The company is in a tug of war between retail investors buying AMC stock and Wall Street hedge funds selling shares short. Importantly, when a person or institution sells shares short, they are counting on the stock price to drop in order to make a profit.\nHowever, that plan can be thwarted by an equal or stronger force on the other side of the trade, betting that the stock price will go up instead. In the middle of this battle is management, which is trying to capitalize on the fact that AMC's stock price is up over 2,500% year to date.\n\nImage source: Getty Images.\nVoting will take place between June 16 and July 28\nIn connection with the annual meeting of shareholders scheduled for July 29, shareholders whose shares have settled as of June 2 will be asked to vote on several proposals brought forth by AMC management. The most important of these will be the authorization of an additional 25 million shares of AMC stock to be sold no earlier than 2022.\nThere are already 501.78 million shares of AMC stock authorized, and management has exercised the authority to sell nearly all of those shares in a bid to shore up the balance sheet. Most recently, it sold 11.55 million shares of AMC stock at an average price of $50.85, raising $587.4 million.\nIf management is given the authorization and can sell those 25 million shares of AMC stock at the average price of $60.73 (today's closing price), that would raise $1.5 billion in cash. The money, combined with the $1.2 billion it raised in the last few months, will go a long way toward fortifying AMC's balance sheet.\nThe company can use it to pay back some of its $5.4 billion in debt and reduce its interest expense. Or it could hold onto it defensively to protect itself against further disruption caused by the coronavirus pandemic.\n\nAMC stock is up over 2,500%. Image source: Getty Images.\nTough choice\nRetail investors who are hoping to pull off a short squeeze have a tough choice in front of them. On the one hand, voting in favor of authorizing management to sell additional AMC stock could secure its balance sheet and help it make it through the pandemic. On the other hand, increasing share count will make it harder to pull off a short squeeze because more AMC stock is in circulation.\nManagement can be commended on playing its cards well. The surge in AMC's stock price is giving it a lifeline. It's easy to forget that the company was in danger of running out of cash during the depths of the pandemic. Now, with states easing business restrictions, folks returning to movie theaters, and bolstered by an additional $1.2 billion on its balance sheet, that danger has retreated.\nHowever the vote turns out, it will be interesting to follow as 4.1 million shareholders decide on the outcome. Stay tuned.","news_type":1},"isVote":1,"tweetType":1,"viewCount":164,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}