So i'm going to be very neutral with this video i'm going to talk about the good things and then i'm going to talk about the risk. So let's talk about emc stock. I hope that you learned something new and if you do please consider smashing that, like button and of course, subscribing to the youtube channel, so amc, i'm gon na start off with the good things. If we go ahead and go on the four hour time frame uh, we can see right on over here that uh it hit lows of twelve dollars and ninety two cents right from twelve dollars and ninety two cents.

It also went ahead and today it hit highs of thirty 34.33. This was right at market open, it's 168 gain. You know, credit's due no question about it. Congratulations right, 168 gain absolutely amazing run as of right.

Now, it closed pretty much almost at a break, even right now trading around 29 and 10 cents, it's 126 percent growth. What is amc, what is gme? Why are they moving like this? It's this movement again wall street right um, this this group of people came together. They're holding the stock there's enough buying pressure right, like it's kind of like asking the question like what determines value. There is no question that amc as a company - it's not a valuable company right.

It's been a it's been a failing business for quite some time. Yeah theaters, are, you know, used from time to time, but with netflix and online streaming platforms like it's very easy to understand that this is a failing business, just like gamestop right, but the idea is it's not so much even about the business. It's more about the principle and the principle of there were more shorts against those specific stocks originally meaning that more people were shorting it that actually owned the stock. That's where it began to really upset people, and rightfully so i mean they have their own movement.

They've been able to really rally and come together and at some point, this stock was trading at 72 dollars a share. It went from lows of whatever that is two dollars a share, all the way to highs of 72 right. These rallies right now transitioning. So we talked about the good things also, i need to say, because people always ask me that or encourage me to say the shorts have not covered.

Supposedly they expect this stock to trade over a hundred dollars. Some people think that it's gon na trade over a thousand dollars some people think it's gon na trade over a hundred thousand dollars. That's the kind of people that you know are deciding to hold this. If you want to hold this stock, i am not encouraging you not to you're an adult.

You do as you please, but i also need to make this video and look out for the beginner trader with that being said, i want to be very neutral with this. Amc has not been able to do what it's set to do or set to have almost done a year ago. I don't know how much time you have. We all have different intentions.

We all have different plans. This thing shut up and there's so much momentum, and it was amazing to see right, but ever since 72 dollars it sells off it crashes, it builds the support, it rallies for a little bit and then sells off once again it rallies it sells off it rallies. It sells off it rallies it sells off, and then it has little rallies along the way. This is one of the biggest rallies that we've seen in quite some time.

Right, it's great to see. Now i want to talk about why these tend to be so short-lived. First off, fundamentally, this is a failing business, no question about it. Look at their quarterly reports, year after year, quarter after quarter, they are not doing well, there's no way no way to sugarcoat it.

The reason people are holding is not because of what the company is, but what the people holding those shares are trying to do. So you need to understand that the way that i view it and again this is just my opinion. I view amc as a momentum play. Other people have an intention of holding my group.

We have an intention of trading, that's all. I view it as i'm. Okay with trading something like this. Knowing that i will not hold at these overbought levels, i will day trade.

It enter and exit when direction is in my favor, because i don't want to hold this overnight because just as quick as it went up, it's known to drop and it's not that what the heck like. Why are you going to talk about this thing? Dropping if we're going to talk about how amazing something can rally, we need to talk about how quickly and the risk behind that drop right. Fundamentally, the company is not there. It's not worth 15 billion dollars, there's a reason.

It was trading at two to four dollars. A share i mean you have to understand that second, when it begins to lose its momentum. Knowing that look at look at its recent volume, all based off of momentum. Amc does great when it has a lot of momentum.

Direction is in your favor, and this morning is a perfect example, but just like any other pump and dump, but just like any other hyped up stock. When things begin to go south, they go south very, very quickly. So, just like we talked about how much it gained within a very short period of time. Let's talk about how much it could potentially lose from right now, if it were to drop to previous lows, that's a 55 loss.

So the reason i'm putting this into perspective is that it's great to have a goal in mind of hey. I plan to make this much. I plan to enter here and i plan to sell here. It's on you right how you manage your position size when you decide to get in and when you decide to get out.

I need you to be aware that that was the previous support level. That's where it was trading at for about a month and a half. So now, knowing that that based off of previous patterns, these rallies are short-lived and then they return back to previous lows, they're short-lived, and then they return back to previous lows and or they make lower lows. Amc is a momentum play, that's all it's ever been and that's all i can speak on it about.

They have different intentions. They think that it's going to squeeze i've, never seen it. I've never seen anything like that happen. It doesn't mean that i guess it can't.

It just means that it's never happened before and that's okay right, because they might have their intentions. You can have yours. The reason i'm i'm speaking about this so carefully is because today was one of the few days where, after it, it got really hyped up. We began to trade sideways and what normally happens when something like amc begins to trade sideways? It's it's a true representation of it losing its momentum.

It's not that it can't continue to rally because it can if it gets a second win right. But if you see amc beginning to go negative, it is not going to be a very or it's not going to come as much of a surprise that it's going to head right back down to 14 15 a share and - and that's just i mean understanding the Way that amc trades, if you look at it for the past, what is this even just for the past 180 days, it's been more bearish, meaning that it's been selling off more than it has been going up, it's great to see that it had a nice rally, But look at its volume look at the price action and as soon as that begins to change we're headed right back to down to 13 a share. I need you to formulate that plan now. It is so important that you know you continue to trade it as you please, but if things begin to go south and then you make an impulsive decision and deciding to hold, then i think that's when you can get into big trouble.

I also do not like how people talk about how much it's gained in the past week and a half, yet they refuse to talk about how much it's lost in just the past three months, if you're going to talk about how much you're up in one week, But then not talk about how much you're down ever since you bought it. It makes no sense right. You, you have. You know a specific intention with what you're trying to share, and i can still almost promise you that more than 50 percent of the people that are trying to encourage you to hold amc is because they bought at a higher price point than where it's at right.

Now i don't care how much they're up on the day, i don't care how much they're up in the past week. That's easy. I mean everyone's up in the past week unless you got smoked today, right, ask them how much you're up since you purchased very few, because so much buying pressure took place during this rally. I can almost reassure you that everyone's average is around 30.

40. 50. A share some probably even stuck still at 60 and feel free to share in the comments section, if you have anything to say, show me show me that you're actually up on your position. That's when i feel like you have you have a valid opinion right when you're up and you're still deciding to hold your opinion has a little bit more weight.

But when you're down on your position and you're encouraging others to hold - and you call others that don't hold selfish you're selfish, all you're wanting to do is to get your money back. Can i get it, but my job is not to look out for you or for any one person in in you know. You know and just it's a lookout for everyone as a whole as a as beginner traders. I need you to be aware of the big picture.

Amc right now is bullish. Momentum is in place, but it's beginning to die down and just like anything after news, after an earnings report after a pump and dump there's the peak and then there's a downfall. My question for you is: are you going to exit before the fall begins to happen? So i appreciate you guys time. I hope that i earned your thumbs up.

Please consider subscribing if you guys have any questions i do want to. Let you guys know that i do have a free discord group and you can message me at any time and that is going to be the first link in the description. So i'd love to answer any of your questions. I'll see you guys in that discord, chat.

Uh, don't forget to follow me on instagram. That's that third link in the description um and like always, let's make sure that we end the year on a green out. Take it easy team.