Reply
Go Back   TexasBowhunter.com Community Discussion Forums > Topics > Around the Campfire
 
Thread Tools Display Modes
Old 12-03-2021, 10:32 AM   #1
Gumbo Man
Ten Point
 
Gumbo Man's Avatar
 
Join Date: Aug 2021
Location: Livingston Texas
Hunt In: Onalaska Texas
Default AMC Entertainment Stocks

Iíve 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.
Gumbo Man is offline   Reply With Quote Back To The Top
Old 12-03-2021, 10:34 AM   #2
RustyRanchero
Ten Point
 
RustyRanchero's Avatar
 
Join Date: Jan 2007
Location: Permian Basin
Hunt In: Jack County
Default

I wouldn't put it into the AMC stock. (Meme stocks). Find a good stock mutual fund and let it ride for years. No need to play the volatility of that. But at the end of the day, it's your money and your choice.
RustyRanchero is offline   Reply With Quote Back To The Top
Old 12-03-2021, 10:38 AM   #3
ctom87
Ten Point
 
ctom87's Avatar
 
Join Date: Oct 2018
Location: Fort Worth
Hunt In: Searching.
Default

Wouldn't touch it with a 10 foot pole personally. It's more volatile than crypto at this point. Markets are impossible to time, so a few will make a lot and most will lose on it.

I would rather put money on the slow and steady.

Sent from my SM-N9600 using Tapatalk
ctom87 is offline   Reply With Quote Back To The Top
Old 12-03-2021, 10:40 AM   #4
JTRichardson
Ten Point
 
JTRichardson's Avatar
 
Join Date: Aug 2012
Location: Tomball, Tx
Hunt In: east texas, in your stand when you aint there :)
Default

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
JTRichardson is offline   Reply With Quote Back To The Top
Old 12-03-2021, 10:43 AM   #5
stxbowhunter
Six Point
 
stxbowhunter's Avatar
 
Join Date: Oct 2007
Location: Houston
Default

I wouldn't buy unless you have time to keep up with Wallstreetbets on Reddit and see when they're pumping it. There is money to be made with options on AMC, but again you need the time to stay on top of what the stock is going to do.
stxbowhunter is offline   Reply With Quote Back To The Top
Old 12-03-2021, 10:51 AM   #6
BrianL
Pope & Young
 
BrianL's Avatar
 
Join Date: Oct 2006
Location: Paris
Hunt In: Lamar and Dickens
Default

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.
BrianL is offline   Reply With Quote Back To The Top
Old 12-03-2021, 11:00 AM   #7
RiverRat1
Pope & Young
 
RiverRat1's Avatar
 
Join Date: Dec 2007
Location: Bend TX
Hunt In: San Saba
Default

T has a scary high dividend right now. Makes me wonder if they're about to tank on some bad reports.

But if one ignores feelings T could be a great buy down here.
RiverRat1 is offline   Reply With Quote Back To The Top
Old 12-03-2021, 11:05 AM   #8
HeyMikey
Pope & Young
 
HeyMikey's Avatar
 
Join Date: Jul 2011
Location: Southern Brazoria County
Hunt In: Brazoria County
Default

Even shorting it is a risky proposition........as others have said, it's probably best to just steer clear of it.
HeyMikey is online now   Reply With Quote Back To The Top
Old 12-03-2021, 11:08 AM   #9
Man
Pope & Young
 
Man's Avatar
 
Join Date: Feb 2012
Location: Casper,Tx
Hunt In: Nacogdoches,Tx
Default

Quote:
Originally Posted by JTRichardson View Post
at this point the folks that are investing in AMC are intentionally trying to make hedge funds suffer
Has it been working?
Man is offline   Reply With Quote Back To The Top
Old 12-03-2021, 11:20 AM   #10
JTRichardson
Ten Point
 
JTRichardson's Avatar
 
Join Date: Aug 2012
Location: Tomball, Tx
Hunt In: east texas, in your stand when you aint there :)
Default

Quote:
Originally Posted by Man View Post
Has it been working?
to the best of my knowledge, no it has not

that being said - I quit doing "research" on it and keeping up daily a few months ago
JTRichardson is offline   Reply With Quote Back To The Top
Old 12-03-2021, 12:45 PM   #11
Gumbo Man
Ten Point
 
Gumbo Man's Avatar
 
Join Date: Aug 2021
Location: Livingston Texas
Hunt In: Onalaska Texas
Default

Ok guys. I really appreciate the advice.
Gumbo Man is offline   Reply With Quote Back To The Top
Old 12-03-2021, 12:51 PM   #12
BrianL
Pope & Young
 
BrianL's Avatar
 
Join Date: Oct 2006
Location: Paris
Hunt In: Lamar and Dickens
Default

Quote:
Originally Posted by RiverRat1 View Post
T has a scary high dividend right now. Makes me wonder if they're about to tank on some bad reports.

But if one ignores feelings T could be a great buy down here.
T has been paying 7%(+/-) dividend for years.
BrianL is offline   Reply With Quote Back To The Top
Old 12-03-2021, 01:03 PM   #13
bbqfan5909
Ten Point
 
bbqfan5909's Avatar
 
Join Date: Jun 2012
Default

I dont mind playing with meme stocks, but treat the money put into them as if you would throw into a fire.
bbqfan5909 is offline   Reply With Quote Back To The Top
Old 12-03-2021, 03:48 PM   #14
texan4ut
Ten Point
 
texan4ut's Avatar
 
Join Date: Jul 2014
Location: Round Rock, TX
Hunt In: Where I can, Johnson Cty
Default

I got in at $30.00 and it ran up to 42-43 something like that and I sold enough to cover my initial investment on there dime now. Hope it flies sky high.
texan4ut is offline   Reply With Quote Back To The Top
Old 12-03-2021, 03:50 PM   #15
Gumbo Man
Ten Point
 
Gumbo Man's Avatar
 
Join Date: Aug 2021
Location: Livingston Texas
Hunt In: Onalaska Texas
Default

Quote:
Originally Posted by texan4ut View Post
I got in at $30.00 and it ran up to 42-43 something like that and I sold enough to cover my initial investment on there dime now. Hope it flies sky high.
Thatís what Iíve been thinking.
Gumbo Man is offline   Reply With Quote Back To The Top
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 05:47 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2022, vBulletin Solutions Inc.
Copyright 1999-2012, TexasBowhunter.com