Full disclosure, I own a modest position in amc entertainment, no position in gme.
There’s I’m assuming three camps in this sub, those that are invested in amc and/or gme already, those that are sick of hearing about it and then the third camp of people who don’t have a clue what I’m talking about. I’m here to make my point to all three camps, both these stocks are back in squeeze range. If you look at the option data for this week, there’s a crazy amount of calls expiring this week, just shy of 100,000 for gme (11,000 ITM) and almost 600,000 for amc (68,000 ITM), if you’ve been paying attention to the news about these companies you’d think now would be the worst time to buy but in reality fundamentals are looking better and better as time goes on for these companies and with this option chain ready to rip it’s one of the best times to buy in the last 8 months. gme is doing a stock split in the near future, my younger brother could tell you more about the change in fundamentals and direction the company is going, as for me i can talk about the turnaround amc has been doing over the course of the pandemic… they’re starting to return to pre-pandemic levels and actually setting all-time attendance records on big blockbuster weekends, debt is being repaid at a much faster rate than anticipated (keep in mind this company shut down entirely though the worst of covid, and received no government funding for doing so) they have a significant amount of cash on hand and stated they are ready to make big investments to strengthen the future of their business model, my dinner is ready and girlfriend looks upset so if this has peaked your interest feel free to message or look into these companies for yourself!!
Take care of each other in these uncertain times and be well!
Bye love you bye…
Leave a Reply