AMC LONG
Fundamentally This company has not made money in the past three years and they’re not projected to make money in the next three years. So why I am I buying this stock? The Company is quite undervalued in my opinion. Yes they have't made money in the Past three years and they keep on taking advantage of any of these pops in the stock to dilute shareholders further so they could shore up their over leveraged balance sheets and their lack of cash flow But in cases like AMC and other meme stock the key factor to consider is Demand & Supply. AMC announced that it would sell up to 11.55 million shares to capitalize on the gain in its stock price, not enough shares considering the Demand for the Stock. And after the first green day, I know it is the right time to buy into this stock cause like I said, Demand and supply are the key factors to consider when trading stocks like AMC and knowing retail traders I can say safely that they see this Green day to and most if not all are buying into it. Thanks for reading Please like & comment.
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