AMC dropped 30% yesterday..... AFTER the market closed. HIGHLY UNUSUAL.
(media.greatawakening.win)
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No financial advice.
Just watch your ass if you're in AMC.
Right now I'm in GME and some crypto assets as well as LOTS of physical silver. , I just dumped $10k into BBBYQ this week after seeing AMPLE evidence of a carve out and acquisition being finalized. At $0.25 a share if that happens that's gonna pay for a new church building :-)
Interesting. Was considering an "anti-fiat trifecta" of sorts consisting of a precious metal (silver), a stock (GME, and recently BBBYQ. Was also looking at AMC, hence how I found myself here), and a crypto. Only problem being, I don't know which crypto to get into.
So Loopring (LRC) is what the Gamestop wallet is running on. It's a Layer2 zk rollup running on top of Ethereum. It has the ability for NFTs, red packets, smart contracts, and instant transactions that cost a couple of pennies. The Loopring wallet also has Fiat on and off ramps which is huge. It is self custody with staking and advanced trading as well.
The creator of Ethereum said Layer 2 solutions like Loopring are the future.
I've been in the space a long time and this is where I have most of my crypto investments at this point.
I havent been following AMC much, and not even sure where it fits with the Q/MOASS (excep for the "popcorn") but my spidey senses tells me to buy AMC, lol!
I would look at the actions of the insiders for the last 2 years first. Are they buying or selling?
They are selling BIGLY.
That should tell you all you need to know.
Meanwhile GME insiders are buying all they can.
So, curious. What exactly got the AMC into the moass speculation in the first place?
Pretty decent timeline here https://www.tradingview.com/symbols/NYSE-AMC/history-timeline/#amc-on-the-rebound-2021-05-10
But basically WallStreetBets and youtube degens like myself looking for undervalued stocks.
If covid hadn't happened this could be a diff convo. Video games did GREAT under covid restrictions while theaters did not.
But in the end it comes down to management, innovation and planning. No one is leaving Google, Apple, Microsoft and other tech giants and signing NDA's for AMC. Gamestop tho..... let's just say there's SOMETHING BIG to attract the talent they've been sniping from the big guys.
Understanding this is like Q posts. Sometimes it's not what's said, it's what's done around the edges of what's highlighted. Like Jazz, the space between the notes.