In today’s stock trading update I want to talk about AMC stock and rumors that have been circulating around it in regards to hedge funds using AMC bonds to manipulate the stock. No one who is a serious trader believes these rumors and yet they spread everywhere last week.
This article on SeekingAlpha debunks the bond manipulation rumors:
https://seekingalpha.com/article/4438477-what-amcbonds-tells-us-about-amc-stock
There are some simple reasons that explain why AMC shares are trading the way they are, with implications for where they are headed. I talk about them in this stock trading video update using technical analysis charts
-Mike
