Patience. I think AMC will do well in Q1 of next year. Unfortunately everything Star Wars related got sold off over the past few sessions. They lumped AMC in with DIS, HAS and other theater stocks. The sell off makes no sense but it's ultimately a buying opportunity. I added to my AMC position today.
I would agree but unfortunately AMC got lumped in with everything else related to Star Wars. The good news is that the sell off is ultimately a good buying opportunity. I like AMC under $25 and really like it at or under $22.
The stock had a decent bounce today by the way.
IMHO it was an enjoyable movie but it definitely felt too similar to Episode 4. My guess is that Abrams was paying homage to the original film but he spent a little too much time doing that. I did like the movie and it was entertaining but it was not as good as I had hoped. It's good but not great.
If I were to rank the films I have this one more on par with Episode 3. It's much better than 1 and 2 but not quite as good as 4,5 and 6.
The SEC needs to look to see how Greenfield and his clients were position in the stock prior to the obviously manipulative downgrade. The fact that it came on the same day Star Wars opened makes it that much more obvious.
This is why people hate Wall Street. The game is rigged.
Looks like everything tied to Star Wars is taking a hit today. DIS, IMAX, HAS, EA and several theater stocks are all down today. Call it "sell the news" I guess. AMC is a good buy at current levels.
Not sure if it's going to $42 but I would not be surprised to see it back around the old highs around $35. Star Wars should be a huge boon to theater operators.
It's pretty much the day traders trying to outsmart the market. I've said many, many times that DIS is not a stock to trade but one to own over the long term. This is a generational type of stock that you turnover to your kids one day. I don't understand why people try to trade it but then again I am not a trader I am an investor so I don't share their mindset.
Sentiment: Strong Buy
Should see a nice bounce in the stock going into the Star Wars release. Stock has been oversold for several weeks now. AMC will certainly benefit from it's IMAX screens where Star Wars will thrive.
I warned at the time that Disney is not a stock to trade but one to own over the very, very long term. Analysts had people scared that 'cord cutting' was going to kill Disney's media arm but that argument was greatly exaggerated. I posted here at the beginning of this year that DIS would be at or near $120 by the time 'The Force Awakens' hit theaters. For a while it looked like I may have overstated that but now it looks as if I may have greatly understated it. Don't ever listen to analysts. They are wrong most of the time!
Congratulations longs! There is much more to come going into 2016 and beyond. Hold onto your shares tight!