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Like noted, the problem they will have is they are a class of business that is benefiting from stay at home due to COVID, once that is over they may be in for serious hurt unless they can pivot.
Things are returning to more normal times in the USA and will soon be here too I expect. Companies are traditionally judged on performance this year vs last year. What areas are about to make huge gains ? Travel, entertainment entities who were in the toilet in 2020 and will likely see huge increases in 2021. AMC would be in that group I would guess. Think of others that perhaps may do a whole lot better financially this year compared to last year. Expedia, Carnival Cruise Lines, airlines, .... things like that. Do you think there's maybe a few people out there who may want to take a vacation down south next winter? Maybe a cruise? You gotta be ahead of the curve though. Too late once they start to run.
Isn't it going up via manipulation? It just depends which side of the fence you are on which manipulation bothers you.
It’s only market manipulation when you’re on the wrong side of the fence. Otherwise it’s all good.
So mass manipulation is innocent and individual manipulation is wrong? Riots are innocent? It's human nature to justify the side of the fence that benefits you. To be clear, I don't agree with the individual manipulation and power that has concentrated wealth to this point but two wrongs do not make a right. This reddit stock mess may result in unintended consequences (will the powers that be revert to a closed system where you have to be a sophisticated investor with seven digits of investible assets to access the market and/or all trades through a licensed broker?) The powers are going to throw a very big expensive hissy fit. As with housing, some of the ones that helped push the situation there will benefit but new entrants to the game will be left behind with no viable way to get in.
Thanks...
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