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AMC: Double Feature Distortion

Published 05/28/2021, 01:07 AM
Updated 07/09/2023, 06:31 AM

If you want just one chart to capture what a madcap carnival the Fed has made of this stock “market”, I present to you the entire history of AMC Entertainment (NYSE:AMC). As you will observe from the green horizontal I’ve helpfully laid down, today marks the most expensive price in the company’s history. This has nothing to do with revenues. Nothing to with profit. Nothing to do with prospects. No one could sell enough overpriced popcorn with oil butter on it to justify this price. It’s just a result of a swarm of stimmy-powered retailers squeezing the hedgies. Nothing more.

AMC Stock Chart

Latest comments

Kiss up and kick down.You're revolting.
Maybe you shouldn't be so dismissive of retail investors and instead blame the hedge funds that reclessly shorted more shares than the existing float while coordinating with the financial news institutions to artificially crush the share price close to bankruptcy... just a thought...
AMC only has 22.64% float. Where did you get the info on hedge funds shorting more than the AMC float?
I meant 22.64% short float.
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