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(Marketwatch)   Stonks gonna stonk. After all, there's a reason they're stonks   (marketwatch.com) divider line
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    More: Obvious, AMC Entertainment Holdings Inc., Stock market, third-quarter net loss, Stock, AMC CEO Adam Aron, AMC's second-quarter sales, consecutive quarterly loss, AMC's stock  
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753 clicks; posted to Business » on 09 Nov 2022 at 9:55 AM (19 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



14 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
lindalouwho [TotalFark] [OhFark]
2022-11-09 9:43:13 AM  
Move on, it'll never be the same as before the pandemic for a handful of reasons.
 
SpectroBoy [TotalFark] [OhFark]
2022-11-09 10:25:59 AM  
12 Quarters of losses.
Yikes.
 
SpectroBoy [TotalFark] [OhFark]
2022-11-09 10:26:17 AM  

lindalouwho: Move on, it'll never be the same as before the pandemic for a handful of reasons.


As long as movie theaters require pants I'm out.
 
NewportBarGuy [TotalFark] [OhFark]
2022-11-09 10:27:25 AM  
People willingly gave them billions of dollars to set on fire.

Amazing.
 
MadHatter500 [OhFark]
2022-11-09 10:48:33 AM  

NewportBarGuy: People willingly gave them billions of dollars to set on fire.

Amazing.


Well, not really.  The public offering AMC managed to complete only raised ~$600 million.

The money people "lost" on AMC didn't go to the company - it went to people selling the stock.  Remember, when you buy a share on the open market, you aren't sending money to the company - you are sending money to whoever owned the stock beforehand.  Open public offers are actually few and far between - AMC's public offer in 2021 happened to be one.

/Your point still stands.. I'm that ackually guy pointing out that it wasn't billions, but "mere" millions.
//I took one look at that dumpster fire and said "Nope, not even going to toast a marshmellow on that - would taste of old diapers, burning tires and despair".
 
NewportBarGuy [TotalFark] [OhFark]
2022-11-09 10:55:14 AM  

MadHatter500: NewportBarGuy: People willingly gave them billions of dollars to set on fire.

Amazing.

Well, not really.  The public offering AMC managed to complete only raised ~$600 million.

The money people "lost" on AMC didn't go to the company - it went to people selling the stock.  Remember, when you buy a share on the open market, you aren't sending money to the company - you are sending money to whoever owned the stock beforehand.  Open public offers are actually few and far between - AMC's public offer in 2021 happened to be one.

/Your point still stands.. I'm that ackually guy pointing out that it wasn't billions, but "mere" millions.
//I took one look at that dumpster fire and said "Nope, not even going to toast a marshmellow on that - would taste of old diapers, burning tires and despair".


Correction stands... millions not billions, but a ton of cash from the retail crowd. I mean... a fund can lose $100m and just write it off and go onto the next thing. A lot of these people, is WSB is any indication, bet it all on AMC... That's just madness.

Nice trades in there. I made a few hundred percent on a few puts, but didn't stick around too long. But to hold that thing and believe it would moon? My god.
 
logieal [TotalFark] [OhFark]
2022-11-09 11:26:38 AM  
STONKS!


Fark user imageView Full Size
 
SirDigbyChickenCaesar
2022-11-09 11:29:25 AM  

SpectroBoy: 12 Quarters of losses.
Yikes.


that's only $3 relax
 
thornhill
2022-11-09 12:07:29 PM  

NewportBarGuy: People willingly gave them billions of dollars to set on fire.

Amazing.


As I've said many times, pre-pandemic movie ticket sales had been dropping for two decades, and in 2019, reached a low not seen since the 1990s.

Anyone who thought this trend would be reversed was well, an idiot.
 
madgonad [OhFark]
2022-11-09 12:40:11 PM  
I'm still going to the theater to see Violent Night. If it is half as good as the trailer it should be awesome with a crowd.

/Not an AMC theater though
 
valkore
2022-11-09 2:27:58 PM  

NewportBarGuy: MadHatter500: NewportBarGuy: People willingly gave them billions of dollars to set on fire.

Amazing.

Well, not really.  The public offering AMC managed to complete only raised ~$600 million.

The money people "lost" on AMC didn't go to the company - it went to people selling the stock.  Remember, when you buy a share on the open market, you aren't sending money to the company - you are sending money to whoever owned the stock beforehand.  Open public offers are actually few and far between - AMC's public offer in 2021 happened to be one.

/Your point still stands.. I'm that ackually guy pointing out that it wasn't billions, but "mere" millions.
//I took one look at that dumpster fire and said "Nope, not even going to toast a marshmellow on that - would taste of old diapers, burning tires and despair".

Correction stands... millions not billions, but a ton of cash from the retail crowd. I mean... a fund can lose $100m and just write it off and go onto the next thing. A lot of these people, is WSB is any indication, bet it all on AMC... That's just madness.

Nice trades in there. I made a few hundred percent on a few puts, but didn't stick around too long. But to hold that thing and believe it would moon? My god.


Still waiting for the SuperStonk MOASS!
 
NewportBarGuy [TotalFark] [OhFark]
2022-11-09 3:32:45 PM  

valkore: NewportBarGuy: MadHatter500: NewportBarGuy: People willingly gave them billions of dollars to set on fire.

Amazing.

Well, not really.  The public offering AMC managed to complete only raised ~$600 million.

The money people "lost" on AMC didn't go to the company - it went to people selling the stock.  Remember, when you buy a share on the open market, you aren't sending money to the company - you are sending money to whoever owned the stock beforehand.  Open public offers are actually few and far between - AMC's public offer in 2021 happened to be one.

/Your point still stands.. I'm that ackually guy pointing out that it wasn't billions, but "mere" millions.
//I took one look at that dumpster fire and said "Nope, not even going to toast a marshmellow on that - would taste of old diapers, burning tires and despair".

Correction stands... millions not billions, but a ton of cash from the retail crowd. I mean... a fund can lose $100m and just write it off and go onto the next thing. A lot of these people, is WSB is any indication, bet it all on AMC... That's just madness.

Nice trades in there. I made a few hundred percent on a few puts, but didn't stick around too long. But to hold that thing and believe it would moon? My god.

Still waiting for the SuperStonk MOASS!


I still find it amazing that almost all of them point to or think about the short squeeze that happened in Volkswagen/Porsche... when that whole thing happened it was almost like a perfect storm. Nothing like that is ever going to happen like that ever again. It was a total fluke.

New analysis reveals how Porsche-VW 'short squeeze' distorted the stock market | The University of Kansas (ku.edu)

Yet they think these sh*tty companies they pick up are all going to do the same thing. It's sheer madness.
 
Mad_Radhu
2022-11-09 3:33:44 PM  
I bought some AMC back in early 2021 as a YOLO and I'm really glad I sold it a year ago at $39 a share.

Unfortunately, I used it to pay too much for Rivian stock, but that's kind of a long term play.
 
hlehmann
2022-11-09 4:23:27 PM  
The last time I paid to see a movie in a theater was in 2009.  I work in that industry so I've gone to some free industry screenings since then, but I know my days of ever grabbing a popcorn and sitting through ads and previews are long over.  The only thing I will miss is some of the cool old theater architecture from their golden age.
 
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