Advertisement
Advertisement
U.S. markets open in 5 hours 12 minutes
Advertisement
Advertisement
Advertisement
Advertisement

AMC Entertainment Holdings, Inc. (AMC)

NYSE - NYSE Delayed Price. Currency in USD
Add to watchlist
36.60-2.64 (-6.73%)
At close: 4:00PM EDT
35.32 -1.28 (-3.50%)
Pre-Market: 04:18AM EDT
Advertisement
Sign in to post a message.
  • A
    Apeman
    Why are the latest reactions on AMC board 7 days old Yahoo Finance? And why did you delete this same message on AMC board twice in the last 15 minutes? Does it really contravene your code of conduct rules? Will you delete this one too for just asking a question?
  • R
    Ricardo
    another hit job from the same writer! this guy must be getting paid by the "shorts" crowd.

    Search

    Why AMC, Clover, and Other Meme Stocks Are Tumbling Today

    The notion that groups of individual investors can consistently organize efforts to push stock prices around is starting to crumble. At some point, companies must prove their stock's value. And, at some point, people will want to take profits.



    James Brumley

    (TMFjbrumley)

    Sep 8, 2021 at 1:49PM

    Author Bio

    What happened

    Shares of AMC Entertainment Holdings (NYSE:AMC), Skillz (NYSE:SKLZ), and Tonix Pharmaceuticals (NASDAQ:TNXP) are down 1%, 6.5%, and 5.3% as of 1:30 p.m. EDT on Wednesday, with the fickle meme stock trading crowd reversing recent bullishness. Leading the charge for today's rout, however, is Clover Health Investments (NASDAQ:CLOV), down 12.7% as of mid-session.

    So what

    If you're looking for the headlines behind the moves, don't bother. There aren't any.
    As has been the case for the past few months, traders looking for a speculative edge are simply gathering around these stocks in an effort to collectively create the price action they desire, often by creating memes regarding these companies. Such efforts cause incredible price volatility.


    IMAGE SOURCE: GETTY IMAGES.

    Many of these names -- like Clover this week -- have also been recently targeted as short-squeeze candidates. That's not a terribly bad bet right now either, to be fair, in that more than 7% of the outstanding shares of the health insurance company are currently tied up in short trades. That's enough short positions to prospectively spark en masse buying that drives the price sharply higher, if those short-sellers start becoming unnerved by a bit of bullishness. Tuesday's 15% jump for Clover shares didn't do the trick, however, with most of that gain being given back today.
    Shares of movie theater chain AMC Entertainment aren't really helping the broader bullish effort either. While one would expect this king of all meme stocks to soar following reports of record-breaking Labor Day weekend box office ticket sales, a bit of Tuesday's near-9% gain from AMC shares is also unwinding with Wednesday's1% sell-off. While that's hardly a devastating setback, the failure to follow through on Tuesday's advance is telling in and of itself.

    Of course, the broad market's sell-off today is also creating a headwind for these well-known meme stocks.

    Now what

    The advent of meme stock mania (and in particular, organized efforts to spark short squeezes) comes as no real surprise. If you give enough people enough time and the means of doing so, it's reasonable to expect them to capitalize on an opportunity -- including one they must plan out on one of the internet's more popular message boards. A little success on this front early this year prompted the trading crowd to replicate the effort.
    Regardless of the strategy's previous effectiveness, however, meme stock mania is losing steam. Not only are hedge funds and other managed investment pools now shoring up their risk exposure to short squeezes, traders are also running out of stocks they can push around.
    They're also running out of other buyers and bullish arguments.

    See, for most meme stocks to continue their rallies, new buyers must bring new money to the table to purchase shares from traders that have already scooped up the stock and are now looking to lock in a sizable profit. Enough people were willing to take such a swing early in the year when AMC was trading around $2 per share. Now that it's trading at more than $46 per share, however, would-be buyers are considerably less interested. Underscoring this idea is the fact that shares of Tonix Pharmaceuticals and Clover Health have yet to respond to the same rally driving strategies that -- at least for a while -- buoyed AMC stock. In a similar vein, Skillz shares have also stopped responding to the bullish prompts that drove the stock from around $11 per share in November of last year to February's high in excess of $46. They're now back near $11, unable to keep a rally going.
    There's something of a litmus test for the entire meme stock movement due this afternoon. Another meme stock company, GameStop (NYSE:GME), is slated to report its fiscal second-quarter numbers after today's closing bell rings. The numbers are important. But even more important is whether or not the trading crowd relaying on the web's popular message boards will be able to convince others to start and sustain a rally from GameStop. If it can, other meme stocks like AMC and Clover will remain at least somewhat in play. If it can't, it may well be a sign that the underlying strategy of individual traders targeting one ticker at a time is no longer effective. This in turn may sour most of them from even trying to do so, continuing the conversion of many of these meme names back to more conventionally priced stocks
  • D
    Dawn16
    AMC investors:

    It is so typical that hedge funds would be working even harder to drive price down by Friday.

    Many claim investor fatigue is impacting the share price but if that was the problem, hedge funds would not be diverting 67% of the volume to the dark pools. Look at buying volume of AMC in the dark pools. Investors are buying but hedge funds are parking the 'buy' orders in the order flow process while continuing to dump 'sell' orders on the open market.

    There will be some planned economic changes heading our way by January 2022 and as our country and economy are shaped into a new system, much of these changes will impact negatively impact the overall market, and of course, the stock market. AMC should prove to be among one of the best places to invest as it is backed by billions of synthetic shares.

    We know that the SEC, DTCC, FED and others are not here to help the retail investors. Hedge funds have the regulatory parties in their pockets and the squeeze will occur when a catalyst triggers a run-up in the price action.

    Of course, AMC should have squeezed by now but the SEC and DTCC have done everything in their power to give the hedge funds a 'leg up' on the retail investors while saying one thing but doing something different.
    RULES ARE ONLY TO BE FOLLOWED BY THOSE WHO DO NOT HAVE THE FINANCIAL MEANS TO BUY EXEMPTIONS.
  • D
    Dawn16
    AMC investors:

    Hope everyone has a great weekend!

    I see article after article on AMC. With thousands of publicly traded companies, it should be surprising that groups such as yahoo finance are spending so much time trying to encourage investors to sell their AMC holdings despite many other companies trading at values which do not match the millions of losses they report quarter after quarter, year after year but as Jim Cramer has said many times before, the market is no longer about fundamentals. When the algorithms identify weakness, the hedge funds orchestrate an attack and employ paid shills to disseminate false and or misleading information designed to help hedge funds achieve their goal(s).

    Back to one particular article as yahoo finance thought it important to not only post an article about an analysts change in sentiment but they thought it was important to post a follow-up article summarizing the initial article and to let investors know that the analyst was standing by his original statement. Yahoo finance is desperately trying to get our attention. Maybe, they like Citadels money, as well. Anyhow, Sozzi of Yahoo Finance may have worked hard to craft his letter trying to convince AMC investors that we should sell our shares of AMC stock; however, since Sozzi is obviously not very bright, he underestimated our ability to verify the details of the analyst who updated his rating on AMC. Not only did MacQuarie own shares of AMC but they added to their existing position on 8/13/2021. (Check it out for yourself on Fintel.io).
    As I previously indicated, hedge funds are still controlling AMC's share price and will continue 'kicking the can down the road' until a catalyst stops them from doing so. The SEC, DTC, and others talk a lot and do very little. The SEC is well aware of what has been occurring in the markets as it relates to AMC as I, along with many others, have provided them with screenshots, messages, photos of the dark pool activity, level II data, etc. Gary Gensler appears to be a talking head, whose role is to pacify the investors and buy time with the hope that Citadel can motivate investors to sell, or that together he and Ken Griffin might be able to devise a strategy to protect Citadels assets and may be able to satisfy the retail investors by throwing them a few ‘scraps’.

    We see FTDs associated with AMC in the millions but with regards to Amazon and Apple, we see FTDs in the thousands. This tells you one of two things but everyone is well aware that this is indicative of hedge funds naked shorting. We are also aware of the concerns relating to trillions in the reverse repo market.

    If predictions come true, the market is expected to crash and what better place to be, than in a stock that is backed by billions of shares which must be bought back. In Hedge funds terminology, I WOULD LIKE TO THINK THAT WE ARE HEDGING IN THE EVENT OF MARKET WEAKNESS OR AS PREDICTED, IN THE EVENT OF A MARKET CRASH. This may very well be the catalyst needed to propel this stock to new highs.

    If the market crash does occur, it will not be the result of AMC as that would be ludicrous. The cause will be several factors with the hedge funds playing a key role along with those who have allowed them to continue with their illegal tactics and those parties with whom they have continued to collude. The market is based on supply and demand, buying and selling; therefore, the process of legally participating in a market will not be the contributing cause of its demise. The result of a market crash can 'lay its blame' on hedge funds, participating banks, the SEC, DTCC, The Federal Reserve, CFTC, and others who have helped and who have allowed hedge funds to continue borrowing and using everyone else's money to take risks without ever paying it back, or in this case, without ever buying back the illegally created and or borrowed shares. The bottom line is that the regulatory bodies HAVE NOT HELD ANYONE ACCOUNTABLE. Rules and regulations seem to take time to create, and time to enforce but billions of dollars make them go away within seconds.
  • e
    eddie
    great news for AMC this weekend very bullish with Disney and maybe GME merge and a buy recommendation we'll see what happens Monday morning and a cup and handle are forming. GLTAA.
  • R
    Robert
    AMC stock is owned, by and large, by retail investors – roughly speaking, the AMC ape community. Based on the latest shareholder count provided by AMC itself, the percentage of general public ownership is now greater than 80%, with each retail investor holding around 120 shares ($5,000) on average.
  • R
    Robert
    This is getting very real for AMC!

    I am excited for the upcoming days and weeks ahead of us. Be sure to read all the way to the end for some exclusive announcements.
    Lets get started!
    AMC Stock Prediction
    Last week I predicted we would be breaking the $30 level of resistance after consolidating in that range all month and it came to fruition!
    The following day, someone wanted me to make another prediction, LOL. We are now trading in the mid $40s and on our way to $50+.
  • c
    colin
    This stock is a real winner today in a very choppy market and the price action and movement remained constant. The short interest is still very high, the available shares are limited to about 1mil last updated on ortex and the failure to delivery is still in effect.... Its not a matter of if it squeezes its simply a matter of when. All we have to do is buy and hold halleluYAH!
    Bullish
  • J
    Jackie
    How about that! I'm able to read the Recently Discussed posts on the AMC MB for a change!!! I guess that's because the markets are closed today for the holiday--Labor Day. Let's just hope that we'll still be able to read them tomorrow. Take a look at how the share price has been consolidating over the past 3 months, but especially notice that the share prices for Thursday and Friday are almost identical--the main difference being in less volume traded on Friday:

    DATE...........OPEN.........HIGH...........LOW.............CLOSE............VOLUME

    Sep 3.........43.54..........44.80..........42.47..........44.02................52.1M
    Sep 2.........43.87..........44.90..........42.37..........44.38................67.9M
    Aug 2.........37.58..........38.48.........35.01...........35.20...............59M
    Jul 1...........56.86..........57.71.........52.53...........54.22................57.6M
    Jun 1..........31.89..........33.53.........28.53...........32.04...............509M

    BOTTOM LINE: Higher lows and higher highs means this stock is ready for take-off!!!
  • J
    Jackie
    AMC is having higher open, higher high, higher low, higher close, and higher volume today.

    The old adage is: VOLUME PRECEDES PRICE.

    BOTTOM LINE: AMC is heading for a new ATH---VERY soon!!!
  • R
    Robert
    AMC faithful — When the MOASS happens have a plan in place. Don’t sell off too early or all at once. Break your shares into traunches and liquidate them when you feel it’s right for you. My opinion is that if I were to begin selling under $1000 per share I’d not only be screwing my self but I’d be letting down my brothers here depending on me to hold. I am going to sell off in four separate chunks. The first over $1500+ and the last I’ll try to name my price or wait until the DTCC computer starts matching up buys to sellers at $100K. (I used to think that number was fantasy but after really doing my research I see now that it can really happen!). So, resist the urge to dump for a paltry amount like $500 ps. Only large institutional sellers will take this as a reasonable profit. Apes will (should) wait until the run immediately following the institutional sell off. Think all of this through before the balloon goes up gang and be ready! It could happen suddenly with no advance notice. Happy trading!
  • T
    Toby
    Been out phone, internet, and electricity 5 days. Hurricane hit us here in Houma, it was a pretty intense storm. I am 58 I have never sat through a storm being directly in the eye wall, I have to say it is pretty intense, I never board up, well I will be boarding up from now on. We had sustained winds up to 135 mph with gust up to 150 mph, moved my shed on blocks about three quarters of an inch, so I was very lucky, I have roof damage lost shingles, some facer material, I was very fortunate, that was it.
    Bullish
  • R
    Robert
    $HOOD $AMC
    WOW!!! Something may be brewing with a distribution deal of some kind between AMC and GME... THIS could be interesting...
    Meanwhile HOOD has become the Titanic, barely staying afloat with holes in its bow... And taking on water. I knew that Citadel couldn't maintain two fronts in their war against Retail Investors... AMC and HOOD... Trying to raise the price at Robin Hood so they can cash in, collect a lot of money to help pay for the impending AMC Squeeze, leaving retail investors holding the bag...
    Their other front, and one they are losing, is with the 4 million plus Apes at AMC. A HUGE ARMY of investors. They are failing at crashing the AMC share price to $1 like their stooges have claimed in the Media. Citadel could've bought out of this mess at $5/share but got greedy and power hungry. And NOW, just digging the hole deeper for themselves...
    Hark!!... What is that I hear? Is that the sound of shredding machines coming from the Citadel executive offices?!!
    Look, brothers and sisters, know one thing:
    WE ALREADY WON, WE ARE JUST WAITNG FOR THE PRIZE TO BE DELIVERED!!!
  • D
    Devin
    We haven’t seen anything yet. Shorts haven’t covered. They will be forced to. Another day of reverse repo being over leveraged one trillion in borrowing my over 70 counter parties causing MOASS. Margin debt all time high. Correction soon in the markets will bring the squeeze
    Bullish
  • L
    LookWhosBackAgain
    Did YF fix the AMC board in preparation for the upcoming MOASS? 2 da’ mooooon’
    BUY & HOLD LONG & STRONG!!!
    Bullish
  • M
    Mickey
    Robinhood Markets, Inc.
    payday is tomorrow, gonna buy myself 5 more shares to bring my position up to 30. #AMC
  • L
    LookWhosBackAgain
    Shorts STILL haven’t covered…moon in sight!
    BUY & HOLD LONG & STRONG!!!
    Bullish
  • Y
    Yucan
    eternals will be shown exclusively in movie theaters before heading to disney+
  • R
    Robert
    Now here’s the best one!

    Proposal NSCC-005 is raising margin requirements on short sellers by 2500%! That means their minimum margin requirement is going from $10,000 to $250,000.
    Bullish
  • D
    David SFO
    The Marvel film, which stars Simu Liu, and Awkwafina, took home a massive $71.4 million (and a four-day estimate of $83.5 million), in its theaters-only release, exceeding its first week predictions.

    "[It] just absolutely obliterated that," Paul Dergarabedian, Comscore's Senior Media Analyst, told EW on Sunday.
Advertisement
Advertisement