/biz/ - Business & Finance

>>27678801
Also, AMC was always the riskier stock. I personally only bought in because of the attention it was getting KNOWING that it would be the choice of people like you who couldn't afford GME. Every article coming out had AMC second listed in the headline which was prime bait for normies to FOMO into. After doing the research, AMC was the riskier position. Look at its graph over a period of 5 years. The stock price has been in decline since 2016, sure they may make back some revenue when covid is over but that could be months if not a year from now. There was very little underlying news that was pushing AMC unlike GME. It was purely being driven by the hype of being related to the bigger meme stock. If you are going long on AMC it's because you are being forced to do it. There is no guarantee that will reach its highs or even $20 any time soon with all the bagholders who bought high looking to get out.
Maybe the second rally will push the price up but in my eyes it was safer to just take a small loss and profit from GME and get out. At least GME had the squeeze potential but AMC was just a vehicle for people to funnel their gamestop profit into.