Will New Citigroup Bets Against AMC Backfire in 2023?

Citigroup continues to bet against AMC Entertainment, recently giving it another sell rating. The movie theatre company is up +13% this year.

3 thoughts on “Will New Citigroup Bets Against AMC Backfire in 2023?

  1. This year, on many fronts, we have seen actions, campaigns, all sorts of shenanigans that seem to be outright desperation. Just look at the fact they are pushing this 10-1 reverse split. It makes no sense. Why in the world would they do that? Okay to raise capital? Does that mean AMC’s primary business is in selling shares of the company? Okay, if that was really the purpose, then why 10-1!? Instead of 3-1 or something more palatable? I think 10-1 has more to do with the ego of certain investors, who bet on something they thought could not lose, and instead of admitting things arent going to play out as we thought it would, they decided to force it. Eventually they were in to deep, and too emotionally invested, so they continued to double, triple, 10Xdown, to the point they could never go back. And that point occured before the start of this year, and they still havent let up. and whoever has been turning a blind eye, is probably just as desperate as they are, and the clock is running out. I think this will be one of the biggest events in the history of the stock market.

  2. Citigroup could fail with risky short and distort. The rise and fall.. gone with the wind.

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