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Is now a good time to buy AMC stock?
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Is now a good time to buy AMC stock? Post by Franknez.com

AMC stock has had a crazy play in the market thus far. Redditors and even Fox Business are determined it’s going to squeeze. So, is now a good time to buy AMC stock?

franknez.com is now a good time to buy AMC stock?

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AMC has been the talk in the finance and investing world. Institutions such as Citadel were betting on AMC going bankrupt. That means no more movie theaters for all of human civilization. As if, right?

AMC is no longer on the brink of bankruptcy and has raided more than $2 billion dollars to keep them afloat until the end of 2022. This is not including the revenue they will be bringing in from ticket sales and food and beverage.

AMC’s community has grown immensely

If you’re looking to get into a community that’s against a corrupted financial system then the AMC community is the perfect place for you to gain an insane amount of knowledge.

This community has uncovered stock market manipulation, gotten the attention of the media, and have some of the biggest influencers of our time backing it up.

AMC’s short squeeze data

The AMC community has everything to do with the short squeeze that’s been waiting to burst.

After several analysts took notice that the stock was being heavily shorted they began posting this information on Reddit where it grabbed the attention of everyone else who missed GameStop’s short squeeze.

AMC stock is currently at $51 give or take. It is costing short sellers a whopping 18.35% interest to hold their positions, via Fintel. And although the short borrow fee has recently gone down, I expect it to go up very soon.

And when shorts betting against the stock cannot afford to pay this ridiculously high fee, they will be forced to close out their positions enabling a mother of all short squeezes.

Read: How soon will we see an AMC short squeeze?

The biggest transfer of wealth in history

Redditors on r/wallstreetbets found out AMC was the #1 shorted stock via MarketWatch. At least until the hedge fund affiliate removed it from their list.

AMC stock #1 shorted stock
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Why did they do this? Perhaps to divert retail investors from buying the dips. See, when AMC squeezes it’s going to leave these hedge funds negative billions of dollars. All meanwhile the retail investors make some rather life-changing wins.

It’s no doubt that when this happens we will be witnessing one of the largest transfers of wealth in history.

AMC was around $30 in 2016

People don’t tend to look far back enough to see that AMC was a healthy $30+ back in the booming party economy of 2016.

AMC stock buy

The stock price went as high as $35 in 2017. Here’s the link where you can check the price prior to the pandemic –> Link

The stock was falling little by little after 2017 due to the amount of debt AMC amassed, however; AMC has raised enough capital to start off clean in 2021.

Adam Aron, CEO & President of AMC shares positive news
  • More than 90% of AMC movie theaters are now open as of March, 31st
  • AMC Entertainment has raised more than 2.2 billion dollars in cash
  • Vaccines and movie theater policies are making movie theaters safe
  • New movie titles are guaranteed to increase sales revenue
  • CEO and President Adam Aron expresses an optimistic future for AMC Entertainment

AMC stock is currently treading the $51 mark but has traded as high as $70. We’ve saw AMC’s share price in the beginning go up from $2.50 all the way to $20. We’ve seen a little of a selloff but is normal. Investors will sometimes take small profits but continue to hold majority of their stake in the company.

The AMC community aren’t the ones causing red days. Short sellers continue to borrow shares to bring the price action down. Once retail investors manage to bring the price above $80 it’s game over for hedge funds.

$80 will lead to $100, $200, and eventually trigger a short squeeze.

Will AMC squeeze?

Fox Business AMC strong chance of a short squeeze

The probabilities of AMC squeezing are rather high. The stock is heavily shorted.

The #1 reason why AMC will see a short squeeze is because shorts have not closed their positions.

And unfortunately for them it’s a lose-lose situation. We suggest they close where AMC is consolidating before it begins to rise again and see new levels of resistance; where at this point there’s no going back.

Short-sellers, take your loses now before they’re greater down the road.

So, is now a good time to buy AMC stock?

Absolutely. AMC stock is a ticking rocket ship waiting to take-off.

With theaters reopening, more and more institutions loading up on shares, and vaccines out to the public, AMC is a great buy with our without a short squeeze.

Read: How High Can AMC Stock Price Skyrocket Up To?

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