AMC 1.03% $15.74 amcor plc

boydie63 not sure exactly what you're referring to or whether...

  1. 612 Posts.
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    boydie63 not sure exactly what you're referring to or whether you're just taking the piss and being sarcastic or whatever...i don't know.

    what i do know are 2 things:
    1. my 2 lines of comment will in no way shape or form have any impact whatsoever on AMC's price action. this is the first time i visit the AMC thread and from what i've gathered, the gibberish i've so far read will likely have the same impact.
    2. i have backed my call...in fact for a measly $1300 outlay, which is also my maximum risk, i have exposure equivalent to 20,000 shares to the downside...that's $294,000 and all i can risk from now until the end of may is $1300. a 5%-10% fall in the share price over the next 2 months and i'm easily making multiple times my money, while my max profit @ 1300 is about 15:1.

    have a look at what AMC has done over the past 12 months every time it's hit these levels...5%-15% pullback within a few weeks. and if i'm wrong, well that's what makes a market right? you buy, i sell. i could probably get some of the $1300 back, move on and look for another opportunity. alternatively, i'll drop $1300 over a 2 month period on close to a $300k position...probably less than the carrying costs if you hold the stock on margin.

    finally, i was also pointing out, as a service to long term portfolio holders, that if you feel the markets are a bit overcooked and you wanted to hedge out your position in the event that we see a leg lower, then there's some good value put options that you can buy out of the money, so let's say my call is correct and we do see a 10%-15% correction, then you would probably halve those paper losses by selling the put options and receiving real cash money in your account.

    as i type, EU markets down 2%-3% and US futures are not as bad but heading in a similar direction.
 
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Last
$15.74
Change
0.160(1.03%)
Mkt cap ! $9.951B
Open High Low Value Volume
$15.78 $15.87 $15.73 $22.48M 1.425M

Buyers (Bids)

No. Vol. Price($)
1 4857 $15.74
 

Sellers (Offers)

Price($) Vol. No.
$15.75 7311 2
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Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
AMC (ASX) Chart
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