Hola amigos: you got ta check this video out at one point: was it not 5, 30. down 5 30 and that that didn't last long, though you know what else didn't last long, but the meme stock pulled back? Did you notice that yesterday amc was way down in this thing, hello, i'm karen show we're taking you away hello, i'm karen and apparently on cnbc we're not allowed to talk about the bounce back in amc. What is going on ape nation? What is going on moon gang welcome back to another episode of dumb money and here's a very quick update about what's going on in the world of amc, so to close out the week, amc was at 46 19 and we have some fundamental updates. I really want to go over and they're fundamental updates, but i think it's more of excitement, prompting events so both of these black widow and the ufc partnership.

So, let's start with the ufc poirier versus mcgregor, it's the third installment, it's the trilogy fight, and i know this is just anecdotal, but i was looking at about a 25 mile radius from where i am in philadelphia all sold out. I am so so excited to get the numbers of this partnership because i think they're going to be absolutely gang busters and it already looks like the numbers for black widow - are very, very impressive. This was reported by variety box office, black widow, poised to capture pandemic error record with 88 million debut marvel's. Black widow is already crushing pandemic era box office records the superhero adventure raked in a mighty 39.5 million on friday july, 9th the biggest single day growth.

Since the onset of the rona through the weekend, black widow was poised to generate a huge 88 million, which would best the benchmark previously set by f9 and its debut of 70 million. Not that long ago, in fact, i made a video hey in a week or two, i'm not gon na, be surprised if i'm saying a very similar rhetoric of black widow doing exceedingly well, and a little cherry on top is the fact that f9 is still doing Well right here, despite black widow's, robust turnout, universal's action, tentpole f9 is still going strong in the box office. The film is projected to bring in 10.4 million over the weekend, which would boost its domestic total to an impressive 141 million. F9 has given movie theaters a much needed boost and has so far hit 100 million in ticket sales faster than any other pandemic era release.

So there you have it apes, abc easy as one two three grand slam, grand slam, grand slam f9 already doing amazingly well and continuing upward black widow, all the early numbers showing it's doing amazingly well and i have a sneaky suspicion. We're going to hear the exact same thing for the ufc amc, poirier, mcgregor partnership very very excited now. Does any of this like have a drastic improvement on the fundamental breakdown of amc? Not really, i'm not arguing that what i am arguing is that it might be enough, it might prompt enough excitement that people are seeing it and hey. We all know that amc right now is a very excitement.

Community driven stock play - and this might be just another thing - that's putting a match on the gasoline that we've already been dowsing on this situation - very very excited to get all these numbers for all three of these things and to see how the the public and the Stock actually reacts switching gears a little bit so as of friday july, 9th amc no longer on the threshold securities list. Does this matter to me absolutely not on the live streams on the videos? I've already been saying that, like this is something to pay attention to. I went into it neutral. I think expectations were getting a set a bit too high, as if this was some sort of a magic bullet uh right there.

I guess this is just saying that they took care of the ftds and in terms of it being consecutive for all i know trading on monday. Maybe they took care of it on friday and they're gon na restart on monday. Just so we didn't get to that 13th actual day. Maybe it's just some weird shenanigans going on in the back room there, but i just to me.

I went into this neutral and i think that expectations were getting set a bit too high, and i i just don't want that. The downfall of this community to be missed expectations. I don't think we should have had many expectations for it and now that's definitely not on the list. I think this.

This doesn't change anything for me. I was not making this trade because of amc being on the threshold securities list that wasn't the driving factor. In fact, i'm looking at, what's going on more importantly, the trend of the stock chart and the short interest this. It might have been a nice little bonus, but i i was always in the camp of i don't think it's gon na be much and now that it's on not on the list.

I don't know really how it could be anything, but maybe i'm completely missing something. If so, please, let me know in a comment below now: let's talk a little bit about the options, so this uh this is from benzynga the unusual options activity i scrolled down here i sorted it by the expiration date. I just wanted to point out how much money is being bet on calls for the july monthlies, as in next friday july 16th. Look at all this money! This is more so sorted by time, but right at the end of the day, 194.

696. 000. We have 61 000, 43 000. It just goes on and on yeah, of course, there's a couple puts, but just for next fridays.

Let me give you a quick scroll here. So much money throughout the day being bet on calls very excited to see how that plays out all these the dte days until expiration, all for specifically next fridays july monthlies. A lot of unusual options on calls for amc exciting in terms of its chart up just so you know this is the s p 500, the overall market on friday and managed to hit a new all-time high. The reason i'm bringing this up is, if you have a retirement portfolio pension fund, just some of your blue chip stocks most likely doing well, but i also just think it's funny that our community somehow gets bashed for amc.

How could you possibly be in it? It's fundamentally overvalued, you know what else is over valued the entire stock market. I just don't get it, though, throw mud at us apes for being an amc, because it's fundamentally overvalued. How could you possibly make a trade? That's something that's overvalued. Well.

Is anyone arguing that our economy, the world economy, the u.s economy, is the best it's ever been because that's what the stock market is saying, so i just wanted to bring this up just so. You know your other stocks probably doing well and just in general this. This rhetoric of like how could you do it well, my question to them is any analyst any hedge fund. Why are you invested in blue chip stocks? Why are you invested in the market right now? There's a strong argument that those are overvalued with.

I don't know inflation like they're, arguing that it's transitory and we all know - that's not true. So it's just they're gon na choose the parts of the argument that fits their current narrative, mainly their narrative of being against us, but it's very um pick and choose. I just want to get that out. There amc here's a look at the daily chart overall, so, on thursday july 8th very good day huge bounce, we had this gap down.

We opened up down nine percent, we ended the day up six percent and then on friday consolidation day, and we held this support, which was the low from june 4th and right now we're currently trading around 46. So i'm looking for that to hold. Of course, we have support between 40 and 42. I'm the first target is the key psychological level of 50, and we also have a little resistance at 52 from there.

I wanted to get back in the wedge and then, of course, you've heard about 60 to 62. 65 and then all the all-time high, so these are the main levels i'm watching, but the first up to bat is 50 and right after that 52., since it's the weekend update here's a look at amc's, long-term performance. Main thing is from the start of this year. Until this very moment we're up over 2 000 and ever since we started this rally in late may, amc's, currently up 283, so anyone who's somehow pitching this concept of oh we're losing and all that like what we're up 283 in a very short period of time.

What's that about six weeks, we're doing so incredibly well, of course, the stock market? It's not going to be green, green, green! You need to have more realistic expectations of yeah there's going to be some red days mixed in there, but the fact that the bear camp people, betting against amc could not drive amc down right after what is this june 10th, like usually when you see this run Up and then this type of weakness that's game over, but you know what happened they caught it. We pushed it back up and we consolidated and then guess what happened again. We had another four day period of red. Usually this is it from all like anecdotally, what i have seen that type of weakness after run up that's kind of game over.

We are coming back to reality, but you know what happened. They got a little bit too cocky the people, betting against the stock, the apes, the bulls they stepped in. We had a beautiful day consolidation, and now we have some exciting fundamental drivers, black widow ufc and the continuation of f9 success. I mean the psychology i think, is once again tilting against the people, betting against amc - very, very excited for this upcoming week in terms of its numbers.

So on friday there was a bar of 1.78 million against amc with a net of 422. The short interest is now above 19 utilization, 90 shares on loan, probably right around 100 million and the short interest. It started off the day just below 19, now or above 19, and, as you can see from this yellow line on the screen, we've still been trending higher and higher, in fact, on a year-to-date time frame, we're almost at the highest short interest that amc has had. I'm talking the entire year and like all the run-ups and everything in fact that run-up on june, 2nd, that was at a short interest of 17.5 and now we're cooking at 19..

So i just i see that sometimes emotions are getting high and i get that my one of my the hats i wear in this community is kind of just keeping people calm, cool collected and just trying to give the numbers right now i mean personally, do i Admit this is the best shot i've seen no, but do i still like the chart? Do i like the fact that we consolidated at such a high value, we had a beautiful bounce. We might be setting up for more of a. I guess, like a lengthened, a stretch, george w something like that yeah i'll, take that, and i also respect the fact that we're up just under 300 since may we're up over 2 000 since the start of the year and in terms of these metrics, the data. The shorts i mean conservative floor value, 100 million shares bet against amc with any upward movement in the chart.

That's a lot of shorts who could be trapped and remember from a stock market mechanical perspective. That's what we're looking for we're looking to trap a lot of shorts? The stock goes up. They want to cover just so they don't take a bigger loss, so they buy back in that's how you cover a short and then the stock goes higher and higher and higher as more and more shorts cover. So between what i'm seeing in the shorts.

In this data source, what i'm seeing in the chart and then also just some of these exciting drivers of just between the movies ufc and all that stuff man, all i can say is that i, like this stock, not a financial advisor, that's just a guy in A pretty stylish duck shirt throwing out that opinion, but, like i say i like this stock, so with all of that being said, i'd like to get your opinion on amc, but, more importantly, for this video, let me know who you think is going to win the Fight is it mcgregor poirier? I would love to get your thoughts overall. If you like this video, you know all that good youtube algorithm stuff, and until i catch you next time for me and chair best of luck in the markets, you.