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The next amc catalyst – Matt Kohrs

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The Next AMC Catalyst ๐Ÿš€๐Ÿš€๐Ÿš€
(My thoughts on late May)
AMC Earnings Call: https://youtu.be/Y-RrmUGUq-c
Let me know your thoughts on AMC & GameStop in a comment below!
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Video Topics:
gamestop, gamestop stock, gme, gamestop short squeeze, gamestop stock explained, gamestop explained, amc, amc stock, amc stock prediction, amc live, amc stock live, amc short squeeze, amc squeeze, amc price prediction, gme stock live, gme stock prediction, gme stock analysis, gme stock explained, gme stock short squeeze, gme stock news, tesla, tesla stock prediction, tesla stock analysis, tesla stock today, matt kohrs, matt kors, stocks, stock market, investing, trey trades

What is going on moon gang? I hope that you're, having an absolutely phenomenal day in this video i'll, be going over three main topics i'll be highlighting the most up-to-date short interest numbers for both amc and gme i'll, be talking about some of the main takeaways from amc's. Most recent earnings call and potentially, most importantly i'll, be sharing one of my own theories about a potential upcoming catalyst for amc stock. Before we hop into all that, though, just so you know, i am filming this video on sunday may 9th and amc managed to close out the most recent week of training at 9 51. While gme was at 161 11 just trying to set the foundation for all of you oops, you should also know that on friday, when the market closed the overall market, the s p 500 also managed it a brand new, never seen before all-time high, which is pretty Awesome all right, so, let's start this off with amc, so amc had its earnings, call and released its earnings number after the market closed on thursday may 6th and, yes, it was a wider than expected loss, but let's be fair.

This really is of limited relevance, mainly because low attendance for the theaters was a forced upon them. So personally, it just doesn't really matter much to me and i don't think it really matters much to other people, but i do want to get some very important numbers and metrics out there. As of now, amc has 1 billion dollars in liquidity that is billion with a b. It's actually the most liquidity the company has ever had in its entire 100 plus year history.

Over 800 million of that is in cash, and then 200 million is in revolving credit. So if you look at all those numbers that actually means that they have a runway till the end of 2022, that's noteworthy just because any of this fun about amc crashing and movies not coming back and the company going under. They literally have so much money. They can operate all the way till the end of 2022, so i don't think we have to worry about that in the slightest with amc.

Also, what came out of the earnings call? I just thought this was pretty important. The company is actually gaining market share against its other movie theater competitors. It went from 27 market share up to 33, so right there within its own domain. It is actually doing pretty well and just the verbiage and some of the things said in it.

It was very clear that amc's recovery is like just starting now. Things are very much on the up and up for amc. In fact, in 2021 they're looking for a box office of 5 billion, which i think is very possible, i mean there's some like ridiculous movies. Coming out, remember, uh fast and furious nine is coming out in june.

We have a whole slew of marvel movies. I'm talking black widow, legend of the ten rings, eternals spider-man. We also have top gun 2 coming out. There are some big blockbuster movies coming out that i think it will be very easy for amc to hit that 5 billion box office in 2021 and then to make it even better in 2022, they're, actually looking for an 8 billion box office and honestly, even if You look at the list of marvel movies alone.

I think it's very very possible in terms of the quarter we're in right now. This quarter we're currently in q2, that's going to end in june, so that will include probably the debut of f9 and then for next quarter, they're very much expecting q3 to be considerably better than q2. So in q3 we're gon na have black widow a couple of the other marvel movies and then in fact, there's going to be that big jump from q3 q2 and then they think q4 will even slightly be better than q3. So really over the next three quarters.

It's just clear skies ahead for amc in terms of the movies, the box office and all that stuff. It really you have to listen to the earnings call. The sentiment was very much bullish. Amc is starting its recovery.

Now i think it's going to be almost a hockey growth curve back amazing movies coming out. They have a ton of money. Things are very much from a fundamental perspective on the up and up for amc, and this kind of brings me up to more of like what is a potentially soon upcoming catalyst. Well, yes, we do have two important movies.

Remember june is f9 and then july will be black widow. Both of those are expected to be highly popular movies. A little bit earlier on june, 2nd we're going to have the record date for all of the votes. We're going to have that new shareholder meeting that got pushed off until the end of july, so a lot new, a lot of new investors involved in amc that will be casting their vote on top of that june.

Second is important because it's gon na they're gon na be doing that entire share recount. So we should have a better indication of how many individual investors are there, how many do they own and potentially a better idea of? What's really going on with the naked short situation as it relates to amc? This brings me to something that might happen even earlier and it was alluded to on the earnings call. So if we check this out on april 27th, amc filed this form 8k and basically it was just saying that we all know the 500 million share. Delusions not happening no one's voting on it, but from almost a decade ago they still had 43 million shares that they could offer to the market just to help with the company's overall liquidity.

And then, here on april 27th, amc entered into an equity distribution agreement with goldman sachs b, riley and citigroup to sell up to 43 million shares of stock from time to time through an at the market offering program. So we knew that these shares were registered with the sec and they were going to use these three companies. But we really didn't have much of an insight of if they were going to hit the market and how things were going to play out. And just so, you know i do want to bring this up.

The overall purpose, for this is general corporate purposes, which may include working capital, the repayment refinancing redemption or repurchases of existing indebtedness, capital expenditures and other investments. So, basically, right here they said it themselves, they're not doing the 500 million share dilution. They did have 43 from almost a decade ago and they're using the money to fundamentally improve the company as a whole, which is very, very good because, as the foundation of this company improves, it does bring more people into this of saying hey before, like i was A little worried about their debt, the long-term success of the company right here they are fundamentally improving the company. So this is important overall because they did follow file this 8k uh.

It looked like they were going to get going with it, but we didn't really know anything of like when they were selling how much they were selling or like. Were they going to use all the 43 million? We just didn't know much and then, if we come to the earnings announcement, we did get more information. So here's what came out on the call you can listen to it. Basically of the 43.

They already had sold 17.5 million shares at an average price of 9.77, which means that they raised 172 million dollars. So if you do that math out, basically, there are 25.5 million more shares that they could sell to the market, but they don't have to. We don't know if they're going to do it all. I would assume that, yes, they do want all of that money, but they don't necessarily have to.

I just want to put that out there. They did also give us the idea. Basically, they started selling on april 29th and at that point they had sold for six days straight, which also does align with these six down six down days these red days right here, that's when they got rid of the 17.5 million shares and if you do it Out it's about 2.9 million shares a day, so this is just one of my going theories. Remember it doesn't have to happen.

I'm not a financial advisor. Please, please do your own due diligence, but i'm just saying if they continue at this rate, they will have all those 43 million shares sold to the market around may 19th kind of closer to the end of this date, and remember: that's only if they keep up The same rate, if they're going to sell them all we're not really sure, but i do think that they want to sell them all. Personally, i think it's smart to sell some now and then save some for later in the event of the squeeze, they'll make even more money in it, but obviously i'm not on the board. I don't get to call those shots, so let's just assume that they're doing this rate of 2.9 million shares a day, they will be done by the end of the month, specifically around wednesday may 19th, i'm very very interested in this being a catalyst for the company, Because we just saw this as a catalyst for our other favorite stock gamestop right here.

So, on april 26th gamestop had announced that they had completed their at the market equity, offering program which was announced in early april, and i just want to show you some of these very, very important. I guess patterns that we're seeing in those two and in fact, here's the actual initial reaction when it was done. This is what happened in gamestop. It had closed the day out around 168-ish and in post-market.

It ran all the way up to 200 and this is the day where they were completed. Basically, the announcement that the at the market offering was done was a gigantic bullish signal for gamesup and in all reality i don't see why it would be any different at all for amc. So i'm waiting sometime in the like later third of may for there to be that big announcement look for the announcement. The headlines amc completes at the market offering and i'm willing to bet now when that is said, that the stock will have a nice bullish.

Push to it right here, just to give you a little bit more of an overlap. So if we go to early april right here, this is exactly where gamestop announced that they were going to do their at the market, offering we saw some red days. It was kind of flat and then when they were done, we saw a nice push upward. So if we kind of look that over with amc, they've been selling some of the shares, i'm expecting a little bit of flat and then on that announcement, i'm definitely expecting it to be push and i'm hoping that this can actually be enough of a push that Maybe we have another form of a technical breakout around this white trend line that can lead to like that first domino in a bigger overall catalyst and then remember, if that's at the end of may.

That then leads into early june with the share recount the record date for all the voting. There are a couple things aligning and then also in june, we have f9 at the end of the month start of july. We have black widow. So basically, we have a couple things all lining up.

That could be very, very good for amc and in my opinion, it could all start with the at the market offering that's what i'll personally be looking for towards the end of may, and then things get pretty exciting in june and july and remember fundamentally. Overall, things are expected to get very, very good for amc as a business in q3, with just the world opening back up and a lot of big blockbuster movies. So that's what's going on with amc and i'm excited to see if all this plays out and now with that being said, let's actually go over some of all these numbers, so to close the week out, amc had a short interest of 24.1 percent. The borrow change was massive: there was a net bar of 4.55 million shares to start the day off.

On friday, the utilization was already 100, so i'm willing to bet that the utilization is still 100 in terms of days to cover, based on the two-week trading average. We're at 4.33 days and the cost to borrow on friday for the new shares being loaned was about 14.5 percent, which is actually still sky high amc's, the definition of hard. To borrow, i mean it makes sense. The utilization is 100.

Let's talk a little bit about gamestop, the current estimated short interest is 21.88. There was a net return of almost half a million shares. The utilization is 60.67 percent because of this return, i'm expecting when all vortex updates. Tomorrow morning, this number will come down a little bit the days to cover on the two week.

Average is just over three days and a good reference point from amc to gamestop, just to kind of illustrate how the price is impacted on being hard to borrow with that high utilization, the cost to borrow on gme right now is 1.47. Remember the cost of borrow these percentages are based on like a yearly rate. What they would pay to hold. This borrow for an entire year is not what they're paying per day.

Now, just for a little bit of technicals, this blue line, we have two different wedges going. The bottom line is white, and then we had this one wedge. If you connect that high from late january to this one in mid march, i have that blue line there. Recently was a breakout.

We continue to hold this. This is very, very solid support, even outside of the world of a short squeeze from a purely technical analysis standpoint. This is a great risk to reward setup. Your risk is very close while your potential reward is kind of far away, which is an awesome ratio.

If we get this breakout, i'm then watching for 12 22 up past that and where i think things will get really really painful for shorts will be around that 14.50 mark. Just so, you know right now. Amc is trading at 9.51. Over the past week, it's down 5 over the past month, it's down 2.86 percent, but from the start of 2021.

Until this very moment it's up almost 350. Now, let's talk a bit about gamestop, very, very similar pattern. It has recently broke out of this first wedge. If you connect these two top wicks, but now we have this other wedge uh, it is holding this bottom trendline.

This is actually what the one two three four fifth test of it very very strong support once again, a great risk to reward ratio. If gamestop can successfully bounce off of this, i'm looking for that test in the one the high 180s and then from there, we have more resistance at 200 from there. I am looking for the breakout of this trendline overall, both amc and jimmy classic expansion followed by consolidation expansion again. So we're looking for that next phase of expansion to start and just knock on wood.

We want it to clearly be in our favor as in to pretty much rip the faces off of some of these shorts gme, currently trading at 161 past week, it's down seven percent past month, it's down 5.4 percent and from the start of the year until this Very moment it is up 755, so that's pretty much all of it. I just wanted to let you know what was going on. Some of those mean main takeaways from amc's earnings, call what i perceived to be a very important upcoming catalyst for amc and then at the end there just some of those short insurance numbers for amc and jamie. I am pretty excited to see what this upcoming week brings for all of us.

I would love to get your thoughts on both of these stocks in a comment below beyond that. If you enjoyed this video, it would be awesome if you could drop a like leave. A comment hit that subscribe button. All that type of engagement really helps me out with the youtube algorithm, and it gets this video in front of other people who may be interested as a quick side.

Note this platform that you see in front of you is weeble. You can get the platform for free, free trades and two free socks. All you have to do is check out that link to the weeble in the description of this video. Until i catch you next time from me and chair best of luck in the markets, you.


29 thoughts on “The next amc catalyst”
  1. Avataaar/Circle Created with python_avatars badr moudou says:

    Hello guys, i.think we could see several series of peaks on the way up during the squeeze. Dont you agree that we could see peak 1, peak 2, peak 3 etc for days before absolute top wil je reached ? So selling all after first peak decreases with 10% might lead to selling way to soon .

  2. Avataaar/Circle Created with python_avatars Watch me do me says:

    Ima start to transfer to webull tomorrow from robbinhood. I hope Iโ€™m not too late ๐Ÿ˜ฅ

  3. Avataaar/Circle Created with python_avatars Oliver Wiggins says:

    There is a cool person, to be found on the internet as 'strategy Walter Bulls'. He made a fortune a couple of years ago. Recently, such services have appeared that allow copying the results of professionals. This personage shows how to copy him in automatic mode using such services. We should try while the market is on the rise.

  4. Avataaar/Circle Created with python_avatars MrQuarter1207 says:

    Matt's a fan of dilution? You get bought out bro?

  5. Avataaar/Circle Created with python_avatars M s says:

    Im in robbin hood with 96 shares What Should i transfer to Webull or fidelity?

  6. Avataaar/Circle Created with python_avatars AcaciaTreeTV says:

    Youโ€™re forgetting about A Quiet Place 2 and
    Cruella which come out this month

  7. Avataaar/Circle Created with python_avatars Byron Bayhylle,Jnr says:

    That's why bill gates is getting a divorce…the upcoming market crash๐Ÿ‘

  8. Avataaar/Circle Created with python_avatars Seb Race says:

    I almost feel like selling gme for amc. I could buy like 16 amc for each gme share…

  9. Avataaar/Circle Created with python_avatars BubbyJJT says:

    Gonna be harder to find those dips moving forward if sec closes dark pool trading…

  10. Avataaar/Circle Created with python_avatars Treys lamps Only fans account says:

    This channel stopped showing up even though Iโ€™m subbed

  11. Avataaar/Circle Created with python_avatars Johnny5 Beatz says:

    I'm not even thinking of selling untill we get results from share count. After that then I'll decide my floor.

  12. Avataaar/Circle Created with python_avatars Terrell Boaz says:

    Amazing video, as always thanks for the content, see you on the moon ๐ŸŒ™ ๐Ÿš€

  13. Avataaar/Circle Created with python_avatars Kyle Neal says:

    Great context. Everyone needs more than there salary to be financially stable. The best thing to do with your money is to invest it rightly, because money left for saving always end up used with no returns. I started investing in bitcoin mid November 2020 with the help of a well-known -professional Mr john David and the profit entirely funded my recent duplex.

  14. Avataaar/Circle Created with python_avatars excellenceLee says:

    I see every Marvel movie at the AMC opening weekends..my thing

  15. Avataaar/Circle Created with python_avatars RRK RED says:

    well then another month of waiting again… i guess this time I'm more hopeful

  16. Avataaar/Circle Created with python_avatars Chica De Chola says:

    Youโ€™re awesome! I showed this to other family member and just recruited 3 more people!

  17. Avataaar/Circle Created with python_avatars Alesster101 says:

    I donโ€™t follow lines anymore. The stock is too manipulated. I just buy and hold.

  18. Avataaar/Circle Created with python_avatars Carlos Martinez says:

    Said once I got to 1K shares I was gonna stop buying, but I want more! Just love the stock holding till the end ๐Ÿฆ AMC

  19. Avataaar/Circle Created with python_avatars Tanner Alston says:

    Can someone please cash app me so I can buy more shares? $TannerAlston poor ape lost his job ๐Ÿฅบ๐Ÿฅบ๐Ÿฅบ

  20. Avataaar/Circle Created with python_avatars tonygreene67 says:

    Grabbin' boatloads of dips with plenty of chips!

  21. Avataaar/Circle Created with python_avatars Ducky Stonks says:

    Matt have you ever heard of Webull? You should use it and you can get a referral code!

  22. Avataaar/Circle Created with python_avatars Graydon Henrie says:

    Holding 486 and they are not going anywhere just going to add to it

  23. Avataaar/Circle Created with python_avatars Kevin Williams says:

    Itโ€™s crazy but I rock with you my brother. I watch From market open and to market close. Love the content.

  24. Avataaar/Circle Created with python_avatars Brent Sundheimer says:

    So now with AMC you get shares in a company with a lot more debt, 4x more shares, and who lost $149m before the pandemic started. On the upside, since there are so many more shares the losses per share will be less? The company was leaking money while everything was open, what makes you think it's going to suddenly better after the pandemic when they have a lot more debt? On top of that, the CEO is trying to get a $5m in cash instead of shares – which means even he doesn't believe this will turn around and is just trying to manipulate the investors by 'embracing the movement' to approve that before the company dies.

  25. Avataaar/Circle Created with python_avatars Murphballs says:

    Couldnโ€™t agree more! Sell the shares bank the money! No one will buy said ATM offering in the middle of a damn squeeze. Duh

  26. Avataaar/Circle Created with python_avatars Amc MOON says:

    if they got plenty of cash hold those SHARES till it pops

  27. Avataaar/Circle Created with python_avatars Jarred B says:

    ALWAYS KEEP IN MIND THE NEWS AND TERMS AROUND YOU AS OF TODAY THE CONIONAL GAS LINE HAS BEEN DOWN SO FAR FOR 3 DAYS AS OF MOTHERS DAY IF THEY CAN NOT FIX THE SOFTWARE IN A WEEK WHERE ALSO LOOKING AT A ROCKET ON FULE PRICE UNSEEN OF START STUDYING AND LOOKING AT OIL STOCKS %WISE WILL ROCKET IN A WEEK IF NOT FIXED AND OIL IS PREDICTED TO HIT 70-75 DOLLARS A BARREL LESS THEN A 2 MONTH RETURN !!

  28. Avataaar/Circle Created with python_avatars Michael Tab! says:

    I feel like the new rules SEC and DTCC is gonna be the spark to start the fire

  29. Avataaar/Circle Created with python_avatars Hola! TheGame says:

    Best thing about amc is that u can just sell it to buy Doge ๐Ÿ˜Š๐Ÿ˜Š๐Ÿ˜Š๐Ÿ˜๐Ÿ’Ž๐Ÿš€๐ŸŒ™

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