$AMC — the I told you so…(09/06/2023).

Back on August 29th, in this post — As much as $AMC makes me laugh I gotta admit…(08/29/30) — I wrote this:

I GOTTA ADMIT…

If the NYSI does turn up today it will be giving a big market-timingbuy signal for tomorrow’s open and this WallStreetBets boys’ hope-and-prayer is likely to bounce and maybe bounce a lot, maybe even enough to make me look like a fool before it…uh…what?

…Turns the WallStreetBets boys’ dream back into a nightmare again.

In the meantime, for the gamblers this is a heads up to maybe take a bet on the bounce.

Well, the NYSI did turn up and AMC, as predicted, did bounce, in profits for four trading days with a peak yesterday of up 23%.

But that was yesterday and yesterday’s gone.

AMC dropped the popcorn today for a 35% loss, wiping out all of its gain, and giving up another 22% going into the NYSI sell signal on tomorrow’s open.

Boo-hoo…

It has, as I said above it would, turned the WallStreetBets boys’ dream back into a nightmare again.

(The the histogram and finally the white flag on the chart’s right axis shows the money being made and finally lost for each $10K in play on the NYSI’s brief swing up.)