AMC dumping HARD after hours. It was never the play, only the distraction. Sorry stickyfloor stock lovers. GME was always the play unless you want to get played.
(media.greatawakening.win)
Embarrassing!
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)
It's just the stupid APE split being reversed. I have a small AMC holding so I get front row seats to their insanity.
They split out the APE shares (basically you got one APE for every AMC you had). Then they tried some fuckery with the APE shares (IIRC at least one dilution). Now they're merging it back together.
If you held your APEs I suspect it's all pretty much a wash, minus all the wasted time and paperwork and expenses.
AMC's CEO does hold 1.7 million shares, so he has some skin in the game.
Also keep an eye on the delisted BBBYQ (Bed Bath and Beyond)
My guess:
It looks like Carl Icahn is working with Ryan Cohen of GameStop and others including pulte. They are about to do a carve out of bed bath & beyond which is in bankruptcy proceedings right now. They will transform those holdings into their new company "Teddy" and most likely rebrand under GMErica"
It should be something along these lines: Two massively shorted companies, bed bath & beyond, and GameStop, rebrand and change their stocker symbol under the new parent company (GMErica) causing a stock recall which forces shorts to close/cover. This cause margin calls throughout the industry taking out hedge funds and banks alike. A massive transfer of wealth. The biggest in history.
Instead of bailing out these institutions once again and allowing them to carry on we will see a replacement of the existing stock market system with tokenized securities meaning stocks will become NFTs which are just digital tokens ownership that can only be at one place at one time. This eliminates multiple types of fraud and improves the marketplace in a variety of ways as well as eliminates entire corrupt government institutions and private institutions involved. Imagine a fair and balanced market system where you can buy sell and trade stocks from your phone for a couple of cents per trade while having those stocks in your name instead of your broker's name and they can't be loaned out against your will to short your own position.
It's going to be glorious but in order to do this the entire existing system has to be burned down and the fire has already started.
The greed of hedgefunds and wall street pirates has become their downfall.
POST REMOVAL: Nothing of value in this post.
This particular one day move does not prove anything - either for or against popcorn. There is nothing notable in this move, if you look at 6 month, 3 month or even 1 month graph.
Not "day move" sir, AFTER HOURS move.
Regular traders do NOT have access to after hours trading, only institutional market makers and hedge funds.
Having followed all of this from the start and being the 1st person that blew the lid on the DTCC trying to establish a middle man position for crypto / NFT / smart contracts, I'd say I'm pretty plugged in to market matters.
Regardless of all of that my post violates no rules and it is traditionally up to the community to determine what they find notable.
From the rules:
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