Crashing Again Thanks to More Dilution
AMC is continually making new lows. As of last Friday and today, the downside volume is picking up big time. Be careful buying more shares right now. At least wait for the downside momentum to slow down if you are even considering buying this dying zombie company.
Personally, I wouldn't touch this company. Based on the current path in their financials and the trend in their stock price, this company will either bet bough out or delisted.
Delisting will destroy any liquidity that this name could possibly develop in the future for upward price momentum.
If the company gets bought out, then it could possibly be a good thing. But I wouldn't buy the company in anticipation of a buyout.Firat of all there would need to be someone willing to buy this highly indebted company. And there would need to be major restructuring in the company.
So, are any of you Moo'ers going to buy this dip after the dilution is complete?
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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BjornTurawque : Thank you for your deep consern for how I spend my money.
Stock_Drift :
SpyderCallOP BjornTurawque: I feel your sarcasm. I'm just trying to help the newbies. I'd hate to see anybody lose money. I've been telling people to stay away from this name for a couple of years. It is only good for swing trading.
SpyderCallOP Stock_Drift: Is AMC going to do something with the Olympics?
FANCY PANTS SpyderCallOP: They're hosting the Special Olympics, didn't you hear? AMC Shareholders all get to participate.
SpyderCallOP FANCY PANTS: pretty funny