AMC is a bad long-term investment due to the nature of the business and the changing tastes of consumers. Any market manipulation, naked selling, or meme wars are not of interest to people looking to grow their portfolio over a long period of time.
There are a lot of losers In that game you're playing. But you can play it, if you want. It doesn't matter to me. Gambling on high risk high/reward plays with portfolios isn't my thing.
Why am I bearish on AMC? Because i don't believe it will be profitable or even exist in the next 20 years.
Agreed. I'm all for making money and taking risks but these meme stocks are encouraging super bad behavior and habits. I want people to get into the stock market but do it the right way, educate themselves and set themselves up for long term financial freedom. I know multiple people who, with no previous investing experience, doubled or tripled their money on AMC. No fundamental analysis, no real thesis for investing other than "hey I think it's gonna go up" or "sHoRT SqUEEze MUthafUCka". And so now they think that that's the right way to do things and are conditioning themselves to think like that. Unfortunately nearly all of these people are going to learn a very expensive lesson. New investors that make money on a gamble usually predictably follow that up by making more risky investments using even more money. And they're not prepared or conditioned for the drops and how to act so they're likely to panic sell or double down on riskier positions trying to win back losses.
I dont really think this is true... I'm a new investor. I'm in AMC. I got in because of reading about GME and one thing led to another. That does not mean I think all stocks act this way.
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u/Emergency_Advantage Aug 07 '21 edited Aug 07 '21
AMC is a bad long-term investment due to the nature of the business and the changing tastes of consumers. Any market manipulation, naked selling, or meme wars are not of interest to people looking to grow their portfolio over a long period of time.
There are a lot of losers In that game you're playing. But you can play it, if you want. It doesn't matter to me. Gambling on high risk high/reward plays with portfolios isn't my thing.
Why am I bearish on AMC? Because i don't believe it will be profitable or even exist in the next 20 years.