AMC at resistanceNOT FINANCIAL ADVICE - AMC is a better bet than GME but still dangerously high
If AMC were to crush and replace all competitors, they would still be valued way too high.
Againj just like GME, directly shorting this is a good way to get liquidated, however, buying some put options could be the better way to play as this is likely to come down over the next year.
For those buying right now:
If you are buying because of a dividend, that dividend was only significant when the share was $20, now the same dividend is technically worth a third of what it was when you consider the share price has gone up 300% (and that is assuming streaming hasn't taken the future-wind out of AMC's sails).
If you bought in the last 4 hours just know that you bought resistance and that is dangerous before a confirmed breakout, you will likely see a monster pull back to the $50s if things run out of gas tomorrow or Friday.
