Is the jump sustainable?
The meme community is in full display of force today, as it appears to unleash short squeezes on $AMC Entertainment(AMC)$
I believe that these are the feats of the meme stock community, as I could not find any news that would substantiate such uprising of the stock price of a company that has been plagued by weak demand, deteriorating balance sheet and stock price that has plunged ver 99%.
In fact, I'm not convinced that its rebounds in stock price lately are any indications of the company’s recovery, and I believe that its stock price has run ahead of the fundamentals, and the stock price would resume its decline once the meme frenzy party is over and realisation of the poor fundamentals takes centre stage again.
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Red is coming….
jump or fall ？？