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AMC Stock - Jamie Dimon Warns The Shorts

The Money Game With AC · 2022-06-01 · 유튜브 시청 4,291 · Board Views 7 · International

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hey ac here so another update coming from jimmy dimon himself the ceo of jp morgan chase one of the biggest banks in the u.s and in the world if i'm not mistaken so uh things are really funny right now because when you look at where amc is sitting this is something i i mentioned kind of yesterday this should be at minimum 25 just based on the news coming from top gun box office numbers on more of the weekend only on those so i want to be really you know worrying about this because as i mentioned on another video coming from you know what to expect on gamestop earnings this might continue to run and we have a sharp reversal just like maybe tomorrow or you know by the end of this week but nothing guaranteed now what i wanted to kind of give you know that on is this jimmy diamond jamie dimon you know he was on a conference um i think earlier today or yesterday with you know a bunch of investors and he was you know giving two major warnings and those two major warnings are gonna summarize in this he sees hurricane coming but he's not sure if it's gonna be another super storm sandy so let me pause here for a second the bottom line is it's not whether or not it's going to be something you know coming it's just the magnitude of what is coming all right and he's talking about two major items two major items you know that he sees having a risk ahead of us you know number one is the federal reserve action the economy remains sunny at the moment with fiscal stimulation from the u.s government stealing the pocketbooks of consumers who are still pending um that that money but everyone thinks the fed can handle this uh but i'd get you i bet you that that hurricane is right out there down the road coming our way we just don't know if it's gonna be a minor or a super storm sandy like or andrew or something like that so you better brace yourself and then the next item or the second point he's kind of concerned about is around wars because wars always go south by creating unintended consequences such as right now elevated prices in the commodity market around wheat oil gas and stuff like that and i believe it's gonna continue to to to to to rise this is this which is exactly what he's saying now how does this move the the can can can move or be a catalyst for the price action into a stock like amc if you own it well here's the thing folks we've never been in a spotlight spot like this before we've never been in such a scenario in the economy where on one hand we have high inflation on the other hand we have um a hot job market on the other hand we have people sitting on you know somehow some sort of still elevated amount of cash you know in their bank accounts and this is kind of related to some people but the bottom line is we've never been in such a position so nobody knows exactly what's what's going to happen but something is sure something is guaranteed the federal reserve is going to do something to fight that and when they start doing i mean they haven't started doing but as they continue to do so we may not have seen or we may not have seen yet some of the um consequences of the impacts of interest rates rising you know on this place specifically but the thing is i don't care who you are i don't care if you're a citadel i don't care if you are um sas kahina i don't care how big you are just look at what happened to melvin capital they kept returning money to the capital having capitals to the clients because they were on the wrong side of trades you know um if you look at the price action coming here with amc we are already they keep giving us confirmations after confirmations on how hard it's going to run when it does because they just cannot continue to sustain things the way they are because they had to go way into stretch themselves with margin with debt with whatever they had to do dark pools you know under the table you know in the dark to make sure millions of people holding this stock will not trade at this you know price if it was just based on the law of supply and demand so the longer the wait the the worse is going to be for them especially especially if as mr jimmy diamond is saying at some point something comes along the way and it's just here to wreck everything so it's going to be a train wreck and when that train wreck happens that's where we will be sitting on the sidelines collecting the attendees because this thing we're going to is going to fly so hard and so high so it's just a matter of again time and as i mentioned at the beginning the price action here has nothing to do with the fundamental of display if you still believe this is gonna do what it's supposed to do then like 10 down day like today without no news after such a boom in you know box office numbers then you already know you already know it's kind of obvious all right

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