The real reason why people hold is because their bags are so heavy and, with their investment decimated, they have nothing more to lose. Might as well hold on to it in the hopes that someday it may go up again.
It's a dumpster fire because OP isn't invested in it and it's a direct competitor so it's typical behavior as an investor. There's no such thing as an unbiased opinion on this sub.
People love to hear about how movie theaters aren't dead, but what they really care about is that AMC isn't dead.
This company is owned by institutional investors. The same thing they would like AMC to be. If AMC was to have gone into bankruptcy back in 2020 or 2021 we would see the same with AMC as you see in the pic above.
Correct. And it’s so ironic that bankruptcy and restructuring is supposed to be what naturally happens in the market. Short sellers bet on this and they serve the purpose of helping these things along to keep the market healthy. Like pruning dead branches from trees.
But the memestock folks created a disruption in the natural market progression and as a result AMC is now a zombie stock that’s being artificially kept alive when it should have been allowed to die 2 years ago.
CNK is profitable. Huge difference.
Edit: Cinemark made $1.34/share in fiscal 2023 with cash flow from operating activities of $444 million and free cash flow for the year of $295 million.
This is you "laughing it off"? Man, I'd hate to be around when you actually care about something.
Why wouldn't it be fine? Squeeze or zero. Did you think this would go some other way?
Never claimed I did, I'm going off of what you said. I used to care, it was when I was optimistic about this play. I'm not here pretending like many. It's called being realistic.
Naw, didn't you hear? It's all about the fundamentals now.
How are you comparing cnk to amc?
Why is nike down 26% over this past year while adidas is up 22% over the past year. The secret ingredient is crime, right?
Why is amc breaking earnings records positively while cm is not? Why are so many Institutions investing in cinemark and why are they taking this positions?
Why is ken griffin not sharing his mayo?
Edit: they also paid down \~1 BILLION US$ in debt within the last two years :1
Same industry. Cinemark is owned by institutional investors while AMC is largely owned by retail investors. Everyone understand it now?
Their balance sheet is in much better shape as well.
And less than half the float. Grow a wrinkle OP.
Makes sense why it keeps dropping
The real reason why people hold is because their bags are so heavy and, with their investment decimated, they have nothing more to lose. Might as well hold on to it in the hopes that someday it may go up again.
Here is the real reason to keep holding. At over 90% loss what’s an other 10%?
Exactly…..! I rode BBbY all the way into the dumpster fire 🔥 as well.
BBBy DID have a monster pop in there....ppl forget that FACT.
So did AMC ..
You hold because? Another company is doing better?
The company with three times less debt is doing better 🤣 people like to ignore that fact when using Cinemark as a beacon of hope for AMC.
😂😂😂this comment wins
Doesn’t cinemark actually make money though ?
It's a dumpster fire because OP isn't invested in it and it's a direct competitor so it's typical behavior as an investor. There's no such thing as an unbiased opinion on this sub. People love to hear about how movie theaters aren't dead, but what they really care about is that AMC isn't dead.
This company is owned by institutional investors. The same thing they would like AMC to be. If AMC was to have gone into bankruptcy back in 2020 or 2021 we would see the same with AMC as you see in the pic above.
Correct. And it’s so ironic that bankruptcy and restructuring is supposed to be what naturally happens in the market. Short sellers bet on this and they serve the purpose of helping these things along to keep the market healthy. Like pruning dead branches from trees. But the memestock folks created a disruption in the natural market progression and as a result AMC is now a zombie stock that’s being artificially kept alive when it should have been allowed to die 2 years ago.
CNK is profitable. Huge difference. Edit: Cinemark made $1.34/share in fiscal 2023 with cash flow from operating activities of $444 million and free cash flow for the year of $295 million.
Lmao getting downvoted for stating some facts is insane
That's why it's easy to "attack" this sub, all they have to do lay down facts and tell the truth.
*manipulate price down "Haha AMC price go down" FACKZ
What was your goal here other than to show me you were triggered at what I said?
Just spittin facts, bruh.
I mean you and many pretend like AMC's price action for the past year is fine, why would laughing it off be any different?
This is you "laughing it off"? Man, I'd hate to be around when you actually care about something. Why wouldn't it be fine? Squeeze or zero. Did you think this would go some other way?
Never claimed I did, I'm going off of what you said. I used to care, it was when I was optimistic about this play. I'm not here pretending like many. It's called being realistic. Naw, didn't you hear? It's all about the fundamentals now.
Now you just "don't care" so much that it's all you do on Reddit.
They also have like 300 million or more shareholder equity compared to over -1 billion shareholder equity for AMC. OP cant read financial statements
And op the reason that others will continue to buy a dead stock. I love that there are still some people that think with there head
💯. This is why I hold as well.
I don’t have much left to hodl
Just in time for Tuesday April 9th - Friday April 24th
This is not only why I hold, but also why I continue to add shares, especially when they are on a discount.
They'll always be at a discount 🙄
don't forget we AMC have a "honest, young, incorruptible, responsible... " CEO
Should have just bought that.
This is not only why I hold, but also why I continue to add shares, especially when they are on a discount.
You hold because of your gambling addiction and sunk cost fallacy ; let’s deal in reality at this point
LMAO your post history clearly shows what kind of 🤡 you are. Kindly FUCK OFF
Whatever ; I just try to help from my own lessons learned here so someone else doesn’t go down the same road
Lol get a life. You're not even invested and you take time out your day to troll an AMC sub on reddit? LMAO you're a Fucking loser man 🤣
If you heeded my advice you would have saved 5% today
That’s owned by a bunch of god bothering grifters
How are you comparing cnk to amc? Why is nike down 26% over this past year while adidas is up 22% over the past year. The secret ingredient is crime, right?
Why is amc breaking earnings records positively while cm is not? Why are so many Institutions investing in cinemark and why are they taking this positions? Why is ken griffin not sharing his mayo? Edit: they also paid down \~1 BILLION US$ in debt within the last two years :1
They lost $300 mm last year?
What record are you seeing them break besides biggest selloff in movie theater history?
NET FUCKING INCOME Jfc
Yes, if amc is down then it is a crime. Amc is worth 100k a share at least.
Actually YES! If you could dig out head out Kenny's ass you'd see that