AMC Theaters had positive earnings for first quarter since COVID. MOASS is inevitable.
(investor.amctheatres.com)
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I can't believe that people still think that AMC is working on behalf of retail.
I have said this before, and I will say it again:
Look up the history of the CEO of AMC.
Look up Apollo Group that the CEO was a part of
Look up what he has actually done for the company
Look up him bailing out his buddies' Goldmine (HYMC) saying that Apes just bought gold.
Look up how $APE was born to trick shareholders into diluting shares.
Look how AMC is always being pushed when it appears that GME and other basket tickers are looking to explode up. GME's quarterly swap is about to happen? Let's get people into AMC please!
Finally, look at the positions that Melvin Capital had in January 2021. They had a position short in AMCX (the AMC the TV channel), not AMC
AMC has been artificially pushed this whole time because it is a hedge against GME and other stocks in the short basket. Whenever, GME or other stocks look to blow, AMC magically get massive promotion around like it's one of the good guys.
AMC is literally the only basket stock that got promoted by Jim Cramer himself AND he has had Adam Aron on the show a bunch.
As a matter of fact, knowing that AMC is a volatility hedge, it makes this Citadel tweet more ominous:
https://archive.ph/w9ATp
Because they flipped long on AMC from Mid 2021 until end of 2022.
AMC is bullshit, and at this point anyone who pushes it is completely SUS!
Popcorn / stickyfloor people are delusional. They remind me of people that got vaccinated that can't admit they were duped.
Popcorn was always a distraction. Yeah it was naked shorted (like MANY stocks since the market WAS supposed to collapse during covid but Trump pushed that back) but it has no turnaround plan. It has no DRS action.
Just look at the actions of the AMC executives. Are they buying stock? No. When the stock price went up they just gave themselves raises and bonuses AND they dumped stock. They showed their colors. Actions speak louder than the words of shills and suckers. Meanwhile GameStop insiders are buying as much stock as they can.
Also movie theaters are a dying business. They have no plans to transition into anything else. Theater ticket sales peaked in 2002 and have fallen off since then. US theaters sold only 17 percent of the available seats in the United States, according to EntTelligence, a research firm.
I have theater quality screen and sound at home. Why would I go spend a bunch of money to go somewhere to have a worse experience? VR headsets will give me an IMAX experience soon. I can make popcorn and nachos at home or order a pizza for FAR less than eating at a theater.
Sound of freedom is the ONLY movie I've gone to see in theater in quite some time and that was to support it with my wallet. Other than that I've been going to comedy shows, concerts, art galleries and other live events instead.
GameStop on the other hand is creating a multi-billion dollar digital marketplace that will completely revolutionize digital ownership. It's like Steve Jobs coming out in this stupid turtleneck with the iPod and revolutionizing the music industry practically overnight.
GameStop = Game Over
AMC = All My Cash (is gone)