AMC: Short-term Pain But Long Profits
$AMC Entertainment(AMC)$ Obviously, AMC cannot offer stocks at this low-price range. I believe they will wait till October to do so.
Today's low of $10.72, so far, represents the equivalent of the lowest of AMC before the conversion. However, APE's lowest was 65cents. I will start looking around $6.5 for huge short squeeze. Shorts may run it down to $5. Regardless of what the bottom would be, once it hit the bottom it will squeeze the shorts to $25 ~ $30 range. Then AMC can issue stocks around $15 and get rid of the debt once and for all.
As I said before $Bed Bath & Beyond(BBBY)$ had no intrinsic value whatsoever except its inventory. $GameStop(GME)$ is only surviving due to meme status, if not for that shorts would have been able to drive GME to bankruptcy.
However, AMC has tremendous intrinsic value. Shorts will not be able to do so and we shouldn't let them.
It's something unpredictable. But in the end, it's right. I hope you have the time of your life.
I've been holding for years now. The past year has been difficult for apes. Even more so, the past month. But there is no point in selling now! I bought in with the mindset of Zero or Moon, no in between. I'm sticking to that.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- Sanjeev Singh·2023-08-31bravo 👏LikeReport
- beans·2023-08-30wise analysis1Report