Monday, December 20, 2021
AMC - Timing is Right for Movie Theatres - $100 Price Target!
AMC appears to be poised for a surge in price as people swarm movie theatres. People have become tired of staying at home watching Netflix. Record numbers are showing up at the movie theatres. AMC has the largest share of the US market and timing is right! Weekly.
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AMC initial price target set for $100.
ReplyDeleteCurrently $29.70.
Records broken Thursday, Friday, and again Saturday. 7 million people this weekend. The masses are showing up at the theatres.
ReplyDeleteSpider Man the third highest gross opening weekend in history!
I started building a position in AMC this morning at $28.15. I'll add to that position.
ReplyDeleteis there the possibility they get shut down again.
ReplyDeleteI don't think so. Enough people are vaccinated now that quarantines are done in the USA. US lockdowns are over.
DeleteIf the vaccines worked, I would agree with you....but they don’t so given the lockdowns in Europe, I predict that the US is only a few weeks behind.
DeleteI don’t expect FL , TX or a handful of other states to lockdown though. It will be a patchwork (mostly east/west coast)
Fragmented, it could be the case. Let's watch as it unfolds.
Delete“Spider-Man: No Way Home” outpaced Sunday box office estimates to become the second-highest domestic opening of all time."
ReplyDelete#2!!!
DeleteSpiderman. My fav. Season 1, Episode 2. Enjoy
Deletehttps://www.dailymotion.com/video/x2lmm8p
"Paramedics in Southern California allegedly refused to enter a long-term care facility, claiming it was against the state's COVID-19 restrictions, as a patient went into cardiac arrest, according to a police report obtained by The Washington Post."
ReplyDeletesc,
ReplyDeletewe are stuck in the Algo--SPX 4600 --to --4500--looking to jump the algo into Spx 4600 to 4700
Biden speaks -today--Bernstein warned this morning--that the economy can not be shut down --without inflation running to all time highs ---waiting for Double bottom ---we are stuck in no-mans Land!
Took profit sold AMC $31.05.
ReplyDeleteThe weekly still hasn't turned up yet. That's why I took profits. A better entry under $25 should be possible.
Deletesc,
ReplyDeletewhat else you like here???
Carnival CCL has had a couple big up days. There's a gap at $40. Last I had exited was $28 something I think and this is looking to be a good entry.
Deletesc,
ReplyDeleteare you still expecting SPx-4750????
Yes, I am
Deletesc,
ReplyDeleteThere is a possibility of two moves---Spx--4750 and a downside of Spx--4350---I am hoping the higher number comes first!
BIDEN SAYS ALL AMERICANS HAVE PATRIOTIC DUTY TO GET VACCINATED
ReplyDeleteThe Old man has spoken
ReplyDeleteNot a mention of a single hospital construction two years into the health crisis. They continue to chase a single virus as hospitals fill to capacity...
ReplyDeleteNo plan for inflation other than to sell the country's oil.
ReplyDeleteDWAC surging on the Biden press conference! I'm heavier on this than anything else.
ReplyDeleteSPX up 81 points on the day!
ReplyDeleteSCDecember 19, 2021 at 1:00 PM
"Biden speech may kick off a Santa rally... Some sweet talking to calm Covid nerves. SPX tested 50 day average last week as support."
Sc,
ReplyDeleteAny opinion on KODK? Close to 52w low...wondering if gap fill at $3 possible?
I've been waiting on KODK to see if it can get oversold on the weekly chart. It's a sleeper but like it a lot. Healthcare pharmaceutical is the next play as the death toll increases.
Deletesc,
ReplyDeletekodak---you buy a 7 option for January or March --10 contracts controlling 1000 shares above 7 ---may cost $200 bucks and just let it ride ---He is right it pops every year --best way to play the position ----average in when it moves!
sc,
ReplyDeletewhat is cheap --- looks like Spx-4750 to 4800 by Thursday???
Took profit on CCL this morning. DWAC look good to pop.
DeleteAMC may be the best play. Waiting for entry.
ReplyDeleteamc----what level???
ReplyDelete$22 to 25
Deletesc,
ReplyDeletei started at this level ---i will get out tomorrow!
I'm starting to build a position in AMC soon for $70 next level.
ReplyDeleteBefore I wasn't doing much with AMC because they didn't have the revenue to back them. Now they do.
ReplyDeleteBought AMC $28.70.
ReplyDeleteReplaced the shares I sold at $31. Starting here, I'll look to increase soon.
DeleteSc do you expect the spx to drop into year end now ?
ReplyDeleteYes probably as the next chart will shown the pattern.
Deletesc,
ReplyDeletehe sees a drop --and so do others--probably very soon into mid next week---then a run to Spx 4800 into the beginning of the new year--these daily moves are too big --not to see another down move ---its up on no volume --very skeptical?
New chart posted!
ReplyDelete