AMC stock is crashing WHY?!

WEBVTT

00:00:00.759 --> 00:00:05.820
Okay. Good afternoon, everyone. We're here to

00:00:05.820 --> 00:00:09.320
talk about stocks. First of all, I need to talk.

00:00:09.439 --> 00:00:11.519
I need to say that I'm not a financial expert.

00:00:11.759 --> 00:00:14.240
So, you know, do not buy stocks based on what

00:00:14.240 --> 00:00:17.000
I'm about to say. I'm just here to vent a little

00:00:17.000 --> 00:00:20.019
because that's what we do on YouTube and also

00:00:20.019 --> 00:00:25.320
Twitch. So if you, I don't know, follow stocks

00:00:25.320 --> 00:00:29.039
at all, you'll know that AMC recently dropped

00:00:29.039 --> 00:00:32.009
a lot. And when looking at the stock you can

00:00:32.009 --> 00:00:36.450
see that the 200 day average was $4 .44. The

00:00:36.450 --> 00:00:40.409
50 day rolling average was $4 .33. Keep in mind

00:00:40.409 --> 00:00:42.170
this is out day because I typed this I think

00:00:42.170 --> 00:00:46.530
yesterday. And then the stock fell to $3 .24.

00:00:47.189 --> 00:00:49.929
Now it is common for a stock to bounce between

00:00:49.929 --> 00:00:53.719
the 50 day and the 200 day rolling average. And

00:00:53.719 --> 00:00:55.899
it's easy to think of the 50 -day and the 200

00:00:55.899 --> 00:00:58.439
-day averages as resistance or simply meaning

00:00:58.439 --> 00:01:00.840
that investors do not believe that the stock

00:01:00.840 --> 00:01:05.219
is worth above that amount. For example, it seems

00:01:05.219 --> 00:01:07.700
like most investors do not think the AMC stock

00:01:07.700 --> 00:01:13.219
is worth more than $4 .44 or $4 .33. A stock

00:01:13.219 --> 00:01:16.260
dip being below these lines might indicate that

00:01:16.260 --> 00:01:19.500
the stock is bearish or simply trending downward

00:01:19.500 --> 00:01:23.540
and being met with heavy resistance. Um, it could

00:01:23.540 --> 00:01:26.959
also mean that investors are losing confidence

00:01:26.959 --> 00:01:30.700
in the stock. Uh, if it trends above, it could

00:01:30.700 --> 00:01:32.799
indicate that investors are gaining confidence

00:01:32.799 --> 00:01:35.340
in the stock and the stock is bullish and trending

00:01:35.340 --> 00:01:39.359
upwards. Now that all of you are fucking asleep,

00:01:39.560 --> 00:01:43.239
I want you to take all that fucking knowledge,

00:01:43.799 --> 00:01:47.079
just fucking put it in a ball and throw the fuck

00:01:47.079 --> 00:01:50.930
away, throw it away. AMC is a meme stock. I love

00:01:50.930 --> 00:01:55.769
AMC. I own AMC stock. But everyone, please, please

00:01:55.769 --> 00:01:59.129
stop fucking watching YouTube videos about what

00:01:59.129 --> 00:02:02.409
stocks to buy and how to do invest investment

00:02:02.409 --> 00:02:05.510
shit on YouTube. Don't watch it. Don't take my

00:02:05.510 --> 00:02:08.750
word for shit. Like the harsh reality is there

00:02:08.750 --> 00:02:12.889
is no get rich quick scheme. Investors have to

00:02:12.889 --> 00:02:20.580
spend a lot of money on very, very More sophisticated

00:02:20.580 --> 00:02:24.500
indicators. They do a shit ton of research. And

00:02:24.500 --> 00:02:26.400
if something is trending upward, you've already

00:02:26.400 --> 00:02:31.500
kind of missed the boat. Do not get FOMO. AMC,

00:02:31.580 --> 00:02:34.199
every time roaring kitty pose a picture that

00:02:34.199 --> 00:02:37.340
somehow relates to AMC stock, the stock is going

00:02:37.340 --> 00:02:40.939
to go up. It's completely unpredictable. Stop

00:02:40.939 --> 00:02:43.280
listening to people on YouTube that say that

00:02:43.280 --> 00:02:45.500
they're traders. They're just seeking views.

00:02:45.960 --> 00:02:48.740
Everyone's a liar. We live in a fake reality.

00:02:49.139 --> 00:02:52.479
And it's it's that simple. I am sorry. It's just

00:02:52.479 --> 00:02:56.680
it's just that simple. Now. Likewise, I did buy

00:02:56.680 --> 00:02:59.759
more AMC stock when it fell, I bought that tip.

00:03:01.020 --> 00:03:05.300
But that's because I just love the stock. I can't

00:03:05.300 --> 00:03:09.080
understand with the banger year that movies had

00:03:09.080 --> 00:03:12.909
last year. The anticipated box office for this

00:03:12.909 --> 00:03:15.750
year is through the roof. John Campion, who's

00:03:15.750 --> 00:03:17.409
the guy I watch all the time, he's saying that

00:03:17.409 --> 00:03:19.370
all the industry people were saying up until

00:03:19.370 --> 00:03:22.689
this year was the saying in Hollywood was survive

00:03:22.689 --> 00:03:25.849
until 25. And the reason they were saying that

00:03:25.849 --> 00:03:28.050
was they said, look, we got to get to 2025 because

00:03:28.050 --> 00:03:29.370
that's the year where everything's going to kind

00:03:29.370 --> 00:03:31.569
of reset and we're going to make a buttload of

00:03:31.569 --> 00:03:34.500
money again. Marvel's back on their shit this

00:03:34.500 --> 00:03:37.180
year Warner Brothers got DC shit We got a lot

00:03:37.180 --> 00:03:40.400
of big films coming out this year that are going

00:03:40.400 --> 00:03:44.120
to make them a lot of money I for the life of

00:03:44.120 --> 00:03:50.819
me cannot understand Why? AMC stock is at where

00:03:50.819 --> 00:03:52.879
it's at right now now I was just looking at the

00:03:52.879 --> 00:03:55.379
analysis while you were talking high -end analysis

00:03:55.379 --> 00:03:58.120
for target for AMC this year six low -end is

00:03:58.120 --> 00:04:01.240
four So right now if you buy a bunch, you're

00:04:01.240 --> 00:04:03.699
gonna make a little bit If it goes up to the

00:04:03.699 --> 00:04:08.460
low end marker this year, fourth quarter numbers

00:04:08.460 --> 00:04:11.719
and year end numbers are not out yet. That's

00:04:11.719 --> 00:04:13.259
the other thing that I think everybody's kind

00:04:13.259 --> 00:04:16.939
of waiting for, is year end numbers to pop out

00:04:16.939 --> 00:04:20.680
and nobody has released yet. We'll probably talk

00:04:20.680 --> 00:04:22.620
about some of those as we get closer when year

00:04:22.620 --> 00:04:24.319
end numbers start to drop. Probably talk about

00:04:24.319 --> 00:04:25.839
AMC. We'll probably talk about Wizards of the

00:04:25.839 --> 00:04:29.519
Coast because that's always in our Hasbro rather.

00:04:31.870 --> 00:04:36.089
it's an interest the stock market is gambling

00:04:36.089 --> 00:04:39.170
my wife started doing kind of day trading stuff

00:04:39.170 --> 00:04:42.829
a little while ago just for funds and we were

00:04:42.829 --> 00:04:45.069
like okay just what here's the thing i would

00:04:45.069 --> 00:04:47.310
tell anybody about day trading do not put anything

00:04:47.310 --> 00:04:49.050
into the stock market you are not willing to

00:04:49.050 --> 00:04:53.389
light on fire okay if that's 20 bucks you can

00:04:53.389 --> 00:04:56.430
buy marginal shares dude like you can buy pieces

00:04:56.430 --> 00:05:01.689
of apple and everybody else um Do not put anything

00:05:01.689 --> 00:05:03.009
in the stock market. You're not willing to light

00:05:03.009 --> 00:05:08.529
on fire. That's that's the best advice. And again,

00:05:08.550 --> 00:05:11.009
I am not your financial advisor. Jay is not your

00:05:11.009 --> 00:05:13.629
finance advisor. I am neither a tax expert, a

00:05:13.629 --> 00:05:15.410
investment expert or an attorney. So take that

00:05:15.410 --> 00:05:17.430
with a great assault. I'm just telling you from

00:05:17.430 --> 00:05:19.129
my perspective, if you're not willing to light

00:05:19.129 --> 00:05:23.230
it on fire, go find an index fund, stick it in

00:05:23.230 --> 00:05:25.730
an index fund and forget about it for 10 years.

00:05:27.009 --> 00:05:28.490
And you'll come back and be like, oh, look at

00:05:28.490 --> 00:05:32.029
all that money. You know, I'm answering some

00:05:32.029 --> 00:05:37.209
chat questions Ubisoft stock It is at 236 right

00:05:37.209 --> 00:05:42.810
now It's been in the 250 mark for a while Rumor

00:05:42.810 --> 00:05:45.870
has it Ubisoft is trying to get bought out right

00:05:45.870 --> 00:05:49.110
now like they have been pretty open about that

00:05:49.110 --> 00:06:00.300
They're looking for a buyer Maybe 210 cent Ubisoft

00:06:00.300 --> 00:06:05.240
is looking to sell. They have some valuable IPs

00:06:05.240 --> 00:06:08.680
that I think that they've just they need a complete.

00:06:09.819 --> 00:06:14.680
Complete 180. As for the other one, everybody

00:06:14.680 --> 00:06:17.259
asked about GameStop is at twenty seven seventy

00:06:17.259 --> 00:06:20.959
two. It's been floating in the thirty dollar

00:06:20.959 --> 00:06:26.500
mark for a while now. OK, I will say I. Kind

00:06:26.500 --> 00:06:29.540
of going back to AMC. I cannot believe that GameStop

00:06:29.540 --> 00:06:34.180
GameStop is still above AMC like what the And

00:06:34.180 --> 00:06:36.360
that's the other reason why I can't figure out

00:06:36.360 --> 00:06:39.860
why What's their market cap GameStop's market

00:06:39.860 --> 00:06:47.279
cap is twelve point three nine billion And AMC's

00:06:47.279 --> 00:06:54.660
is only one point four Yeah, I this is why It

00:06:54.660 --> 00:07:00.139
actually doesn't make any sense. Right. How much

00:07:00.139 --> 00:07:02.399
can one make for $20? Dude, if you get people

00:07:02.399 --> 00:07:05.819
get lucky. Like, but that's what it is. It's

00:07:05.819 --> 00:07:08.319
hitting the lottery. You know, you could buy

00:07:08.319 --> 00:07:11.500
right now for 20 bucks. You could buy. Let's

00:07:11.500 --> 00:07:14.579
call it five shares. We'll just round up. Right.

00:07:15.259 --> 00:07:17.939
You buy five shares of AMC. If it goes up to

00:07:17.939 --> 00:07:21.519
10, you you now have doubled your money. You've

00:07:21.519 --> 00:07:32.470
got $40. um you know it's there it's there but

00:07:32.470 --> 00:07:36.910
yeah don't be careful and he's right stop listening

00:07:36.910 --> 00:07:39.430
to these tick -tock youtube so -called financial

00:07:39.430 --> 00:07:42.290
experts um especially if they try to sell you

00:07:42.290 --> 00:07:44.769
a book most of them are trying to sell you have

00:07:44.769 --> 00:07:47.110
you noticed that jay how many were like buy my

00:07:47.110 --> 00:07:51.009
book it's not i haven't seen it i've seen the

00:07:51.009 --> 00:07:55.290
like Hey. Buy my course. Yeah, pay for my course

00:07:55.290 --> 00:07:58.370
or like pay five dollars to join my Discord community

00:07:58.370 --> 00:08:01.529
where we share financial advice and I'm like,

00:08:01.709 --> 00:08:03.589
and it's it's so funny to me because these people

00:08:03.589 --> 00:08:07.069
are like, I'm rich because of my strategy and

00:08:07.069 --> 00:08:10.550
stocks. Please pay five dollars to do my course.

00:08:10.589 --> 00:08:12.930
And I'm like, if you're rich, you wouldn't you

00:08:12.930 --> 00:08:15.709
wouldn't be fucking doing this. Like, no, it's

00:08:15.709 --> 00:08:18.310
fake. It's all fake. Yeah, it's all BS. Don't

00:08:18.310 --> 00:08:21.379
listen to those people. Are you invested? Do

00:08:21.379 --> 00:08:24.480
you like meme stocks? Are we going to have diamond

00:08:24.480 --> 00:08:29.360
hands? Are we going to hold diamond hands? Yeah.

00:08:29.959 --> 00:08:32.379
Let us know what you think down in the comments

00:08:32.379 --> 00:08:32.820
below.