Post by
shenty46 on Oct 09, 2023 7:26pm
Shorting it like AMC
The shorters are still shorting as AMC stock is being shorterd despite immense value,treating it to be a meme stock, like it was in 2021, little did they know that at the end of second quarter they had north of 750 million in investments and cash in hand, and all the current businesses which are producing a revenue of around one billion seems to have no value, current market capitalisation around half billion. The book value is above 4, but it has no significance in speculators market, where naked selling is the norm. However i added 5600 more today to take my holding to 70600. Would not be adding more now.