I’ve been watching a fairly consistent waive in this stock for a year. Looks like a short term investment from low to high could do well. Lockdown last year caused a tank to around 2 dollars and then rebounded to around 72 dollars when things opened back up. ( pounding sand) Any of you guys invested? What to the stock gurus think? I have money sitting idle and probably should put it to work somewhere. Thanks in advance for any responses.
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AMC Entertainment Stocks
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i played the AMC game when it was at $7/share and got out in the mid $40's - I wouldn't go back in on it at this point, but am glad I caught the initial wave - made a nice little chunk of change on the "meme stock"
at this point the folks that are investing in AMC are intentionally trying to make hedge funds suffer and their theories on it are getting borderline Qanon type conspiracies
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I would avoid AMC. Company #s don't support the valuation, and theaters may not survive the change in behavior of it customers. I have a few Cinemark (5 or so) and wouldn't buy them again. I have been buying "T", ATT, and American Airlines for long 2 year + investments. I think they are both good buys at current pricing.
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