Re:AMC, GameStop Give Hedge Fund Mudrick Capital $200M in Gains
by franl on Wednesday February 03, 2021 @01:57PM
(#26017597)
Assuming this person is legit (which is a huge assumption given it’s a stranger on Twitter), they appear to have sunk 90% of their worth into AMC: https://twitter.com/23michaeljam/status/1356785696959209472?...
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Re:AMC, GameStop Give Hedge Fund Mudrick Capital $200M in Gains
by cryptnotic on Wednesday February 03, 2021 @02:27PM
(#26017992)
> “I have $6k in $AMC that’s like 90% of my money.”
That could be a lot of money to him, but it is not a lot of money compared to what an average worker earns in a year. A probably-young guy losing $6k on a risky stock bet is not life-destroying.
Also, depending on when he bought he could actually be up. And even if he bought at the top, it would still be worth something like 40% of that.
Re:AMC, GameStop Give Hedge Fund Mudrick Capital $200M in Gains
by ssully on Wednesday February 03, 2021 @02:12PM
(#26017789)
The thing that kills me is the handful of responses of people defending it by basically saying "people will go to the movies after covid", without the context of where AMC was at before covid. Even during it's best years, AMC wasn't worth what people think it will be. It's just a complete lack of reasoning.