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AMC Entertainment: A Rocket To Nowhere

By Tim KnightStock MarketsMar 16, 2022 01:00AM ET

www.investing.com/analysis/amc-entertainment-a-rocket-to-nowhere-200620115

AMC Entertainment: A Rocket To Nowhere

By Tim Knight | Mar 16, 2022 01:00AM ET

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Let us recount the preposterous journey of AMC Entertainment (NYSE:AMC) in a single graphic. This was, of course, the darling of the /wallstreetbets lunatics. They seriously thought it was going to $5,000 per share because they were going to defeat the big, bad hedge funds.

Suffice it to say that they have failed, and that a person who acquired AMC at its public offering nine full years ago would be sitting on a 0% gain now.

AMC Stock Chart

AMC Stock Chart

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Comments (5)

Dzo Bravo Mar 29, 2022 11:35PM ET

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Looks like Tik Knight is an idiot

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RobinHdJr Mar 25, 2022 4:28PM ET

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Strawman ad hominem attack... misrepresenting retail traders as all expecting 5 grand a share. On the flip side, short sellers failed to bankrupt this stock. So who is truly failing? The Federal Reserve will have to eventually act to curb inflation, when they do, all the short sellers who may be shorting on margin are going to have to buy back at some point, seeing as interest rates rise so too will rise the cost to borrow

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Phillip Black Mar 23, 2022 5:24PM ET

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On the other hand, AMC is up about 36% since the pubished date of this piece. So, a person who ignored your opinion and purchased on 3/16 is up substantially. Price only matters on the day you buy and the day you sell. Most people still holding AMC probably don’t give a rat’s ***about the price if AMC at its public offering. After all, a 36% run up in a handful of trading days is pretty notable.

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Tripp Godsey Mar 23, 2022 2:25PM ET

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Embarrassing

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Going Green Mar 19, 2022 9:06PM ET

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Awww Timothy momma has your din din sugar

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