Gme has many many many less shares available, which means locking up the float (all available shares) is much much easier. In addition to that and the CEO selling his amc shares, amc has been selling additional shares further reducing the likelihood of a squeeze. Lastly, some of the large hedge funds are now long on amc so you're betting with them if in on amc. GameStop did a share offering to turn the business around but since then has stopped. I truly believe YouTubers pushing amc nowadays are either oblivious to market mechanics or are being paid to pump the stock hedge funds are now profiting from.
Also in the event some Bs goes down and the squeeze gets manipulated or something to that effect, GameStop is reinventing the business so you have that safety net of it just being a good long term hold. Amc will go out of business eventually
Thanks for replying. I figured that there were probably day traders (and insiders) that were messing amc up in order to make quick bucks. Very new to the game. It smells "Honeypot" to me. I will divert the income to gme when the stock goes above my average- I still think it will squeeze just a little bit- and I agree fully- no one goes to movies anymore due to high ticket prices and lackluster movies. I was just hoping it may be some sort of hedge when a colapse happens.
I won't tell you what to do. Financial decisions are your own but I sold off my amc a while ago and have over $70k in GME. Also bought some physical gold and silver for good measure.
Gme has many many many less shares available, which means locking up the float (all available shares) is much much easier. In addition to that and the CEO selling his amc shares, amc has been selling additional shares further reducing the likelihood of a squeeze. Lastly, some of the large hedge funds are now long on amc so you're betting with them if in on amc. GameStop did a share offering to turn the business around but since then has stopped. I truly believe YouTubers pushing amc nowadays are either oblivious to market mechanics or are being paid to pump the stock hedge funds are now profiting from.
Also in the event some Bs goes down and the squeeze gets manipulated or something to that effect, GameStop is reinventing the business so you have that safety net of it just being a good long term hold. Amc will go out of business eventually
Thanks for replying. I figured that there were probably day traders (and insiders) that were messing amc up in order to make quick bucks. Very new to the game. It smells "Honeypot" to me. I will divert the income to gme when the stock goes above my average- I still think it will squeeze just a little bit- and I agree fully- no one goes to movies anymore due to high ticket prices and lackluster movies. I was just hoping it may be some sort of hedge when a colapse happens.
I won't tell you what to do. Financial decisions are your own but I sold off my amc a while ago and have over $70k in GME. Also bought some physical gold and silver for good measure.
good luck and God bless fren
Smart. Godspeed.