Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Eventually AMC will sink to its real value - somewhere between $5 and $30. I've been doing this for decades but when it will happen is anyone's guess.
I saw it near the start of the week in Extended hours at $74 and was on my way-- even in the $60s this dog was a great short.
Usually I dont go for the wild rides but so far this is fun.
I prefer to invest in seriously undervalued companies and sit and hold 'em.
SMLP has a net asset value of over $100 -former management added way too much debt but unless natural gas prices go down to $2 this will be a fine company. I bought at $20.70 and its already up.
BWLLF is an under-the-radar shipping company with a 10% dividend- read its conference call and see why the div will be raised. Its selling at $6.98- 7. and should have nice earnings the next few years.
When the company itself (AMC) puts out a statement that says that the share price “seems unrelated to our underlying business” and you shouldn’t buy it “unless you’re ok with losing all or substantially all of your investment”.....
Location: West Los Angeles and Rancho Palos Verdes
13,585 posts, read 15,691,100 times
Reputation: 14050
Quote:
Originally Posted by mojo101
AMC and GME,BB I dont understand what is going on?
Short Squeeze. And probably a gamma too, if the SEC would crack down on the short laddering, naked shorts, and CNBC would get yanked off the air for insider collusion or whatever. Even with the ladder attacks, naked shorting, and the incessant lies at CNBC, cable news' front for hedgie shills, a lot of options have been finishing in the money lately, catching market makers off guard. Many of us are in for around $10/shr, and laugh when they think they're hurting us my manipulating the stock down to ~$40. Pfffffft. Stay tuned...
GME and AMC are pure gambling. BB - not as much. BB's message boards are exceedingly positive, their business has moved to cybersecurity - an area that future business prospects look really good.
Yes some days its hard to get shares to short. There is nothing inherently wrong with shorting - eventually you buy the shares back.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
