Tag: AMC

  • This is Why You Should Never Chase Meme Stocks

    This is Why You Should Never Chase Meme Stocks

    What goes up must come down. Unfortunately, some of us learned that the hard way with meme stocks this week. Over the last few days, shares of AMC Entertainment ran from a low of $2.90 to a high of $11.88. All as “Roaring Kitty” sparked a flurry of meme stock buying activity.  And while it’s been fun to…

  • Why AMC is Long Overdue for a Crash

    Why AMC is Long Overdue for a Crash

    Keep an eye on AMC Entertainment (AMC), as a potential short. After exploding as a meme stock, it’s become excessively overbought. If you pull up a two-year chart of AMC, it’s clear to see.  Not only is it over-extended at its upper Bollinger Band (2,20), it’s wildly overbought on RSI, MACD, and Williams’ %R.  When…

  • With WallStreetBets, Which Stock Could be Next?

    With WallStreetBets, Which Stock Could be Next?

    The GameStop short squeeze continues. This morning, GME is up another 100% to $310 a share on explosive volume.  It’s now a $20.22 billion company In just days.  Melvin Capital and Citron Research just closed out their short positions on the stock, fueling even more upside. At this point, the rally has reached a new…

  • Top “Blood in the Streets” Opportunities to Consider

    Top “Blood in the Streets” Opportunities to Consider

    Over the last few months, the pandemic crippled the economy, destroying top stocks. However, with a potential vaccine, those stocks may now be great “blood in the streets” opportunities. All on news Pfizer just said its COVID-19 vaccine is 90% effective. “Amazing news from Pfizer with 90% efficacy. This hopefully is the beginning of the…