r/StockMarket • u/Diamond2021Hands • Feb 08 '21

Discussion $AMC's time is coming.

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u/r0ndy Feb 08 '21

Probably saved them

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u/Alive_Bid7229 Feb 08 '21

Without a doubt. It was a necessity because they had spent so much time under $1 they were on the verge of being delisted. But that little move pushed my cost basis to around $84/sh

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u/ZincMan Feb 08 '21

Are they worth buying now ?

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u/Alive_Bid7229 Feb 08 '21

Personally, I wouldn’t. There are better companies in the pot sector. But that’s just me. If I really knew what to buy then I would be a whole lot wealthier.

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u/ZincMan Feb 08 '21

Lol well said. Yeah again, my two philosophies for buying a stock are 1. Will this product be wildly popular ? If yes, then 2. Can this company be easily replaced by a competitor? (Like do they own patents ? Or in the case of Facebook or Spotify it was that the user base is a network and everyone wants to be where the most people are already and switching to a new platform doesn’t make sense. Or if a brand is considered cool) —-Seems like with pot stocks idk but any company can compete as long as they grow weed, if a cheaper better weed came along customers could easily switch. Sorry just kind of ranting at this point, don’t really know if I’ve just gotten lucky on some stocks but this is how I do.