Jim Cramer just ended Mad Money tonight on a absolute full blown rant on GME / AMC. The time is coming fellow DWAC'ers. Panic.
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đź“ş MEDIA PANIC
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Ignore AMC. The CEO / Board gave themselves raises when the stock went up. No plan to turn around. Nowhere near the short interest. No DSRing of shares. No NFT dividend to force squeeze. No massive LRC bases marketplace about to launch that will change the way digital media is bought, sold, used.
Buy some GME and NOT on Robinhood.
I'm in both simply due to the fact that I could afford more AMC and when GME goes, AMC will go. Most of the SHF's are short on both stocks so when they fail to meet liquidity requirements on one, for any of the reasons you listed above, it will take the other with it.
AMC is the hedge the funds have with GME.
The CEO of AMC has done everything in his power to help the funds including dilute the shares.
Further, the main subreddit for the sub was anti-Direct Registration of Shares.
I would recommend that you move more AMC to GME while GME is at the current price. Your choice at the end of the day.
Adam Arron and other insiders sold their shares too, and due to the share dilution, $100 in GME is worth more than $100 in AMC
AMC might initially act as a booster launching with the GME rocket.
But the AMC booster wont even make it out of the ozone layer. It will plummet while the GME rocket continues to the moon.
Citadel’s biggest weapon is AMC.
Also, in terms of market cap, pound for pound, AMC is more expensive than GME. Not to mention, the MSM only ever brings AMC “influencers” on. Adam Aaron and the rest of the insiders sold their stock.
AMC is the biggest distraction to GME, and you fell for it.