Amc shares

strandsman · 24-04-2021 11:26am #1

Has anybody been following the amc shares activity? I’ve bought a few to see how it pans out but time will tell I suppose . Alot of hype about it and gamestop squeeze last January.

wgk · 25-04-2021 1:53pm

In here for 15K....has been an arduous and winding road since Jan...

Reading stocktwits etc in the last week, it does seem this is about to reach a flashpoint so hoping something pops shortly.

richie123 · 25-04-2021 2:27pm

I bought a few too at 6 50.
Youd hope with reopening things would improve.

strandsman · 26-04-2021 4:54pm

wgk wrote: »

In here for 15K....has been an arduous and winding road since Jan...

Reading stocktwits etc in the last week, it does seem this is about to reach a flashpoint so hoping something pops shortly.

Ya I bought in too over last couple weeks. Seems like a lot of excitement about it. Time will tell!

Dr_Kolossus · 28-04-2021 8:42pm

in it for 290 shares.

Can I ask what brokers you guys use. Im on eToro and Revolut. Both seem to be not the best lets say, if you really are relying on them.

eToro for example have in their T's & C's that they reserve the right to close your positions without your consent in the case of an exceptional event. Basically they can close your position at any time without your consent, whats more there are numerous examples of them doing just that, with GME during the January squeeze.

Revolut are similarly sketchy. So what would you recommend and why?

patnor1011 · 28-04-2021 9:04pm

I tried revolut for crypto and even though I earned some their fees are outrageous. I cant justify using them for this as 1.5% fee cant be compared to 0.1 or 0.075% on binance for example.

richie123 · 28-04-2021 9:04pm

Dr_Kolossus wrote: »

in it for 290 shares.

Can I ask what brokers you guys use. Im on eToro and Revolut. Both seem to be not the best lets say, if you really are relying on them.

eToro for example have in their T's & C's that they reserve the right to close your positions without your consent in the case of an exceptional event. Basically they can close your position at any time without your consent, whats more there are numerous examples of them doing just that, with GME during the January squeeze.

Revolut are similarly sketchy. So what would you recommend and why?

Degiro is the best i think.
I also use etoro and revolut too but degiro is my preferred platform
Yahoo finance for up to date prices.
degiro can be slow and glitchy ..I dont think there's any perfect platform out there from reading all the posts in this forum lately

Dr_Kolossus · 28-04-2021 10:18pm

Thanks for the replies patnor & Richie.

I have some crypto with Revolut, Really bought on a whim and its been good to me, just bought and held. Yeah fees are outrageous alright, but as i'm not actively trading will leave it for now.

I guess they all have their issues, Will look into Degiro, to spread the risk as I have a fair bit in GME on revolut and eTorro already. Would be sick if either GME or AMC actually does squeeze and I got screwed over.

strandsman · 29-04-2021 2:26pm

I use degiro , etoro and interactive brokers. I setup these as some shares may not be traded on certain platforms. Mostly use interactive but have my amc shares split between them and DEGIRO in case something goes wrong! . Etoro i use for copy trading. I’m looking forward to the amc and citadel battle. It’s going to be fantastic, Stocktwits is great to follow also for info.

cal naughton · 13-05-2021 7:01pm

AMC up 30% . To the Moon!

Atlantic Dawn · 13-05-2021 9:15pm

cal naughton wrote: »

AMC up 30% . To the Moon!

Mask restrictions lifted in US today for those who were vaccinated, should help indoor venues.

daheff · 17-05-2021 9:44am

Atlantic Dawn wrote: »

Mask restrictions lifted in US today for those who were vaccinated, should help indoor venues.

That and short borrow rates through the roof

And AmC completed an at the market share issue giving them a ton of cash too.

A couple of celebs seem to be getting on the bandwagon too

UsBus · 18-05-2021 11:28am

Bought into AMC a couple of months back only to watch it drop off.
Have been watching it steadily come back up the last few weeks. The number of comments on Yahoo Finance about the squeeze is off the charts. Some decent info there in between all the absolute rubbish, begging you to hodl till it hits 1000..:rolleyes:

Its hard to know where it can climb to, 100 would be nice. Am enjoying the conspiracy talk of hedgefunds having to sell off everything to cover their shorts, which could cause major volatility across the market.

daheff · 18-05-2021 10:32pm

UsBus wrote: »

Am enjoying the conspiracy talk of hedgefunds having to sell off everything to cover their shorts, which could cause major volatility across the market.

If the conspiracy theory is right there will be wild swings in the market.
IF

Interesting times ahead

UsBus · 19-05-2021 2:29pm

Down nearly 8% in Premarket trading.
There is some messy trading going on here. The hedge funds are in it up to their necks on this one.

If this starts to rebound up another few dollars, we could be looking at carnage. Can't help but think there are funds being taken from crypto to cover this mess.

daheff · 19-05-2021 4:11pm

Whole market is a mess today.... crypto included.

Down days like this feel like buying opportunities....

cal naughton · 25-05-2021 9:06pm

Up nearly 20% today. It's gaining momentum for a possible squeeze!

DeanAustin · 26-05-2021 5:01pm

Got in today. Just 10 shares for a bit of fun because this isn't investing - it's pure gambling. It's going well again today though.

Cute Hoor · 26-05-2021 5:39pm

Got out today, took my profit, best of luck with your buy, hard to know how it's going to go

Cute Hoor · 27-05-2021 3:29pm

DeanAustin wrote: »

Got in today. Just 10 shares for a bit of fun because this isn't investing - it's pure gambling. It's going well again today though.

Good decision on your part, bad decision on my part

cal naughton · 27-05-2021 6:39pm

It's taking off! Up over 30% today.

crushproof · 27-05-2021 7:31pm

cal naughton wrote: »

It's taking off! Up over 30% today.

Balls, sold out for a small profit at opening today!

Atlantic Dawn · 27-05-2021 7:31pm

38.5% now, insane.

richie123 · 27-05-2021 8:14pm

Theres seemingly 450 million shares in amc ?
How high can it go in reality compared to gamestop?

wgk · 27-05-2021 9:16pm

richie123 wrote: »

Theres seemingly 450 million shares in amc ?
How high can it go in reality compared to gamestop?

Reality is a lot of DD suggests AMC has 1+billion synthetic shares floating in the market that must be eventually bought back to get anywhere near the 450m issued mark so a lot of legs left in this.

I also think a large swathe of buyers here are looking for it to hit GameStop levels before selling and this has become embedded in their approach

Very biased, in for 2,400 shares since $10 and glued to this

richie123 · 27-05-2021 10:58pm

wgk wrote: »

Reality is a lot of DD suggests AMC has 1+billion synthetic shares floating in the market that must be eventually bought back to get anywhere near the 450m issued mark so a lot of legs left in this.

I also think a large swathe of buyers here are looking for it to hit GameStop levels before selling and this has become embedded in their approach

Very biased, in for 2,400 shares since $10 and glued to this

Yes but gme has 70 million in flotation...how is it even possible that amc to hit same levels when you have 7 times the shares in circulation ? If amc hits 50 that's the equivalent of 200 roughly for gme.am I reading this right ?
Best of luck by the way be some job if it does hit 50 or more lol

wgk · 28-05-2021 3:43am

richie123 wrote: »

Yes but gme has 70 million in flotation...how is it even possible that amc to hit same levels when you have 7 times the shares in circulation ? If amc hits 50 that's the equivalent of 200 roughly for gme.am I reading this right ?
Best of luck by the way be some job if it does hit 50 or more lol

Think it boils down to how many real diamond hands are out there, couple of key differences with gme, notably the level of shares owned by retail investors going into this - the funds etc are under time pressure to buy back stock (been a couple of SEC changes in the US that have forced this issue and there is a milestone date next week where the actual shares being traded v’s the authorised 450m float will be revealed which has fuelled some of the momentum to buy over last few days)

I think in a squeeze situation, the pressure dictates the spike - google Volkswagen squeeze and see where that got to. But yes, if there is free flowing sales, a huge spike will be avoided so this all depends on humans’ ability to band together and withstand temptation for a greater outcome.

daheff · 28-05-2021 8:00am

In it at around 9.50....mainly from reading reddit DD

There is an AGM coming up and record date is today.
This was pushed back once already because of discrepancies with numbers.

If (big if) there are more votes than shares cast that would indicate synthetic shares were sold and a good possibility of a squeeze on the shorts.

To compare this to GME, the larger float for AMC makes it a little harder to squeeze, and AMC isn't trying to pivot it's business model.

Both were targets of hedge funds trying to short them out of existence. Both have survived and with US more open, now unlikely to fail. Also both have issued shares at the market adding funds to their bank.

AMC has traded at around $35 in the last couple of years, but had a decline which was accelerated by Covid.

If this squeezed, we could see prices hit stupid levels, especially if people hold and wait. Really depends on the short position.

Wolftown · 28-05-2021 8:06am

Completely new to this and put a punt on AMC less than a week ago on the advice of a friend. It's now up 110% which I'm pleasently surprised by.

Always tempting to cash in on over double the money, but general consensus seems to be hold out. So that's what I'm doing for now.

If it hits anywhere near the heights some are forecasting I'll be delighted!

richie123 · 28-05-2021 8:18am

wgk wrote: »

Think it boils down to how many real diamond hands are out there, couple of key differences with gme, notably the level of shares owned by retail investors going into this - the funds etc are under time pressure to buy back stock (been a couple of SEC changes in the US that have forced this issue and there is a milestone date next week where the actual shares being traded v’s the authorised 450m float will be revealed which has fuelled some of the momentum to buy over last few days)

I think in a squeeze situation, the pressure dictates the spike - google Volkswagen squeeze and see where that got to. But yes, if there is free flowing sales, a huge spike will be avoided so this all depends on humans’ ability to band together and withstand temptation for a greater outcome.

The other thing we have to remember is the reopening in general ...money will be flowing in and demand could be very strong in coming months...with people being sick of staying at home for past 15 months just another factor to consider

daheff · 28-05-2021 10:07am

richie123 wrote: »

The other thing we have to remember is the reopening in general ...money will be flowing in and demand could be very strong in coming months...with people being sick of staying at home for past 15 months just another factor to consider

And a number of cinema releases that were held back because of Covid. I think there will be a few months of good business but could tail off quickly if they run out of new movies to show....or a couple of outbreaks get linked to cinemas.

wgk · 28-05-2021 10:21am

$30 in pre-market....apparently there is a tonne of options in the money at between $35 and $40 so if it gets above that today it would add significant upward pressure on the share....was waiting on my degiro account to activate during Gme but been in AMC since Feb and can’t wait to see where this goes!

cal naughton · 28-05-2021 10:28am

If it's up near 10% on very little pm volume it bodes very well indeed for opening.

I've been on this since mid 4's and sold out at 16 on the last run up.

Now holding 800 with a bep of 12 . Might slice off 100 shares if it hits 50 today and hodl the rest to see how it plays out.

banie01 · 28-05-2021 2:24pm

June 2nd for AMC and the "real" versus synthetic share debate is going to be wild!

I'm in since Jan and have averaged down since.
Current gain in the premarket for me is 240% and I'm not selling yet.
This could signal a systemic shift in how shares, ownership, shorts and rehypthecation are managed.

It is rapidly becoming a potential use-case for Blockchain IMO and given the rule changes around DTCC, SEC and other related bodies it's likely an opportunity that will never present itself this way again.

bawnBeag · 28-05-2021 2:47pm

For me this is mad Ted. I bought speculatively last year when the markets imploded. I looked a sectors that I reckoned would recover to pre-covid prices. This was one of them, holding a couple of thousand shares bought between $2 and $5. Certainly wasn't anticipating reddit and short squeezes, I even missed a good selling opportunity earlier in the year. Not that I see it happening or if I would hold out but imagine it did hit $1000???

pioneerpro · 28-05-2021 4:00pm

bawnBeag wrote: »

For me this is mad Ted. I bought speculatively last year when the markets imploded. I looked a sectors that I reckoned would recover to pre-covid prices. This was one of them, holding a couple of thousand shares bought between $2 and $5. Certainly wasn't anticipating reddit and short squeezes, I even missed a good selling opportunity earlier in the year. Not that I see it happening or if I would hold out but imagine it did hit $1000???

That's one of the trades of the decade, fair play. 10x baggers are an almost mythical creature in common stocks outside of OTCMKT and other crazy penny plays.

bawnBeag · 28-05-2021 4:43pm

pioneerpro wrote: »

That's one of the trades of the decade, fair play. 10x baggers are an almost mythical creature in common stocks outside of OTCMKT and other crazy penny plays.

If only we had the foresight to close at the peak:rolleyes: $36 -> $27

30-05-2021 2:03pm

This is not a short squeeze. It's FOMO hype. You seriously think WallStreetBets is not flooded with institutional and experienced investors hyping the stock so that they can make a quick profit? Buy at $10, go onto social media and inflate the hype, get the dopes on the street talking about it over bbq beers, sell your $10 stock for $40. Hold my bag suckers.

I am a total amateur and this is not financial advice. But the little experience I do have has taught me when every gob****e at the bbq is talking about it that is the time to get out, not get in. I know because I am holding a big bag of cryptos. But hey the weather was good and burgers were nice. And I heard at another bbq if I keep holding long enough I'll become a millionaire.

The other aspect to this is Amc actually traded all its stock 1.5 times over all in the space of one day (friday). So these guys are full of sh!t. Nobody is holding, that's a fact and the data is there to prove it.

Don't be the last dope left holding the bag.

iHungry · 30-05-2021 7:09pm

From what I've seen I think the hedgefunds expected the company to fail so they'd never have to cover the shares but that hasn't worked out. Apparently there's far too many shares floating about to cover.

30-05-2021 8:34pm

iHungry wrote: »

From what I've seen I think the hedgefunds expected the company to fail so they'd never have to cover the shares but that hasn't worked out. Apparently there's far too many shares floating about to cover.

They can buy the dips just like everyone else and the dips will be mighty. Like I said, people are not holding. The whole stocks changed hands 1.5 times in a day. They can also keep short selling.

Ultimately the company is in the doldrums and at the end of the day this is going to hit a mighty dip and not recover. People are going to lose a lot of money.

It's like the 2008 Irish property market. Get on the ladder now before you miss out.

DeanAustin · 01-06-2021 6:38pm

I know AMC is overvalued and there are a fair few short term factors driving the stock price but I'm on Seeking Alpha and within the last few hours I've gotten 4 different alerts talking the stock down big time. I've never seen anything like that even when GME was at it's most ridiculous.

bawnBeag · 01-06-2021 7:42pm

Deleted User wrote: »

They can buy the dips just like everyone else and the dips will be mighty. Like I said, people are not holding. The whole stocks changed hands 1.5 times in a day. They can also keep short selling.

Ultimately the company is in the doldrums and at the end of the day this is going to hit a mighty dip and not recover. People are going to lose a lot of money.

It's like the 2008 Irish property market. Get on the ladder now before you miss out.

Each to their own, right?
If it goes down, I told you so,
If it goes up, I told you so

I have this so many times. Its very simple, buy low, sell high, buy stuff you've researched and don't blame others. Sometimes that might take longer than expected and sometimes you get lucky. If you're goal is not to get rich quick then do your homework and take the risks that you can afford to take. THIS IS NOT ADVICE!

daheff · 01-06-2021 10:57pm

bawnBeag wrote: »

Each to their own, right?
If it goes down, I told you so,
If it goes up, I told you so

I have this so many times. Its very simple, buy low, sell high, buy stuff you've researched and don't blame others. Sometimes that might take longer than expected and sometimes you get lucky. If you're goal is not to get rich quick then do your homework and take the risks that you can afford to take. THIS IS NOT ADVICE!

There's also something call momentum trading. Essentially follow the money and try to jump off the bus before it crashes. Everybody knows it'll crash at some stage, nobody wants to be the bag holder.

After that happens it's back to trading closer to fundamentals.

I see a squeeze happening...but the more they sell shares at the market the less I believe it will (although the shares to Mudrick Capital must have some lockup period attached, right?)

Edit-apparently there was no lock up period. They flipped the shares straight away!!

They look to be planning on using the funds they raised to move the company forward....bullish on the business case. They've gotten loads of PR from this...and consolidated a customer base. All they need now are a load of blockbuster movie releases to capitalize on that now.

Just as an edit-is this a stock I'd hold long term.. probably not. They'll do ok the next 6-12 months because of delayed releases, people's appetite to go back to the cinema...but then will come a lull when they start running out of content from reduced production during Covid.

Cute Hoor · 02-06-2021 11:06am

Looks like holders (not me unfortunately) are in for another pleasant day on the AMC front, up 30% pre-market to $42

cal naughton · 02-06-2021 4:34pm

And some people said nobody was holding!!

wgk · 02-06-2021 4:43pm

Up €63k and still holding :-)

Cute Hoor · 02-06-2021 5:20pm

This is mad Ted!

cal naughton · 02-06-2021 5:26pm

We have a runner! No halts this time compared to January

Edit. Just halted now

brownbinman · 02-06-2021 5:29pm

first time buying shares and been tracking reddit and gamestop for a while

Bought 2 (last of big spenders) AMC shares at 10e simply as figured someday cinemas will reopen, very surprised

will probably hold just for the craic, see how they go

02-06-2021 6:15pm

brownbinman wrote: »

first time buying shares and been tracking reddit and gamestop for a while

Bought 2 (last of big spenders) AMC shares at 20e simply as figured someday cinemas will reopen, very surprised

will probably hold just for the craic, see how they go

In the same boat. Bought three shares at €17 each for the craic in February. Those three shares were worth about €160 earlier today.

daheff · 02-06-2021 10:22pm

Finished at 66 after hours today. I believe it hit 72 during trading.

Have to say I sold some at 50 & 65 today (and bought more around 49). Still have most of my holding, but locked in a gain overall on my investment. Anything now is a crazy bonus!!

Tomorrow will be an interesting day.

Amc shares

Comments