What's going on moon gang, i have a really quick amc update for you now. One of the most common questions i get is matt. What's the next potential catalyst for amc stock? Now, obviously, i'm no fortune teller, but i, if you listen to it, i think there might be potentially a catalyst knocking on the door and here's exactly what i'm talking about. F9 has highest opening weekend of the pandemic, with 70 million box office haul.

This is really fun. As you read each of these key points. It just gets better and better and better f9 tallied 70 million in box office recedes during its opening weekend. The most of any movie released in the wake of the rona period, with an additional 38 million in ticket sales internationally f9, has now garnered more than 405 million almost half a billion dollars since its debut outside of the us and canada in may, and then this Is more for the overall cinema landscape of? What's going on? As of this weekend, 80 of north american theaters were open, which is awesome just for the movie.

Viewing experience in general f9 is the first true summer blockbuster release in over two years and all eyes were on its performance to provide a glimpse into the future of the movie theater. Honestly, i try to figure out how to say this name and i'm just not even going to try my apologies. I know i would just stumble my way through it and that the future now looks very bright and bodes well for the big films now and the pipeline set for the release in the upcoming weeks and months. So very soon we have few like at the start of july.

We have black widow. We know that's gon na be a major major blockbuster. I would not be surprised if a couple weeks from now i'm reading pretty similar headline, but this time just for the marvel movie black widow, we have other movies coming out and then later in the summer, huge ones eternals spider-man no time to die venom. We also later in the year november.

We have things like top gun too from this moment that i'm making this movie until the end of this calendar year. We're gon na see huge huge record numbers in the box office and don't forget. We know this from the earnings call with adam aaron, the most recent one, every single quarter of this year, we're going to do better and better as a business q4 is going to be better than q3 better than q2 better than q1. But he mentioned that.

There's a massive massive jump between q3 and q2, which is the next earnings we're about to hear about, so we're looking for a huge increase in really just fundamentally the revenue of the company of how things are going now with numbers like this uh. First of all, shout out to our boy mark sinclair right here. Thank you for making an amazing movie. You know ride or die, which is like a lot of the apes in the amc community right now, but i want to talk more about like kind of the fundamentals.

Obviously, amc the fundamental trajectory of the company is improving, which i like, but do numbers like this, like one really good box office. Does that mean that amc is now fairly trading at a fundamental value? Absolutely not i'm not in any way arguing that and i think a lot of people currently in this trade we're not arguing that this is a fundamental trade. This is a short-term momentum, swing trade, it's a short squeeze play to see if a short squeeze can actually happen. What i think is that this could prompt enough enthusiasm in the stock to look for an overall wedge breakout, or maybe this leads into a really good scenario, with black widow coming out, like just two stellar box office results back to back we're basically looking for enthusiasm To be built up for people paying attention to the stock to look for an actual technical breakout which finally gets us above this 65 region, a test of 72 and then a major breakout.

I'm talking about where we like get into the rocket ship. We're ready to go, we call up houston and we're like let it rip to the next level, i'm just looking for something that prompts enthusiasm for this particular company and its stock that could get really relate to an overall technical breakout. So, overall i mean, as this news is permeating through the market tomorrow, i'm very very excited to see how it's received by the investing and trading community. So, overall, that's your quick amc update.

What's going on, i would love to get your thoughts and a comment below and if you want to help me out the algorithm, you know all that good stuff like like comment subscribe, but until i catch you next time from me and chair best of luck in The markets you.