Problem is every big day a new account appears using the same language and even if most ignore them then some believe and bet on something they maybe can’t afford to. Many times before they just clog the forum with 2-3 word slogans and ruin the chat.
Generally people are all really nice and although have different opinions they respect others but these wind up merchant are hard to ignore I did suggest an idea to avoid some of it but no joy yet.
And never regret as it is impossible to know the peak, I am guessing you may have broke even now though unless late in so free or close to free shares = profit
Cheeky buggers, we will sell 11m more shares then say “Under the circumstances, we caution you against investing in our Class A common stock, unless you are prepared to incur the risk of losing all or a substantial portion of your investment.”
I did say yesterday it would be insane for them not to issue at this price.
The reality is while the stock is above ~$3 selling shares is free money for AMC so they will probably keep doing it, at least until they are debt free.
I know other commenters put a lot of faith in them saying they wouldn’t issue more but it’s hard to trust someone when they are saying something irrational and against their own interests.
They could raise more from this 11 million shares than the 350 million they issued earlier in the year/late 2020
Yep you are 100% right and people need to remember the business also needs to look out for themselves as the people hoping for X amount won’t be around later to help them out.
The warning from AMC on buying the stock is probably because of the number of brand new retail investors who have never bought stocks before and are jumping in on this.
ANY stock can go down, AMC isn’t special in that way, it’s just all the rage for new investors!
I did suggest an idea to avoid some of it but no joy yet.
