Economy

f#&%ing AMC!

I was watching it hit 4 yesterday and thinking...why not take a quick jab at it, but 200 shares and just see...and of course I did not and now it is well over 8 dollars.

 
BigRedBuster said:
:facepalm:

Stupid.  It's idiotic to have tariffs on raw materials.
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Tariffs are indeed economically stupid but very popular in the Rust Belt states he's relying on to try to win a second term.

About the most generous take I saw on this was that Congress is so hopelessly broken when it comes to bipartisanship that there are extremely few levers we can actually pull without requiring something like new trade pacts or passing actual legislation so he's trying to pull one available to him to hurt them even if it hurts us.

But it's for sure going to hurt us. :( It's times like this I wish our government actually kind of... worked for us?

 
Danny Bateman said:
Tariffs are indeed economically stupid but very popular in the Rust Belt states he's relying on to try to win a second term.

About the most generous take I saw on this was that Congress is so hopelessly broken when it comes to bipartisanship that there are extremely few levers we can actually pull without requiring something like new trade pacts or passing actual legislation so he's trying to pull one available to him to hurt them even if it hurts us.

But it's for sure going to hurt us. :( It's times like this I wish our government actually kind of... worked for us?
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Tariffs have their place.  I know of some industries where China is using predatory pricing and subsidizing the industry heavily so they can flood the US market and take out US manufacturing of finished goods.  That I understand.  Then, we buy some raw materials from China and China is the only place it's made in the world.  There's tariffs on those products from the Trump era.  That's stupid.

 
Archy1221 said:
It’s funny, the posters who were posting the downward charts quit posting about DJT. 
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I have not followed it all that much but after that month long decline I should have known it would start to climb back up.  That would have been a really easy way to double your investment.  

I don't know if I like it at 54 though.

 
teachercd said:
I have not followed it all that much but after that month long decline I should have known it would start to climb back up.  That would have been a really easy way to double your investment.  

I don't know if I like it at 54 though.
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It’s basically a meme stock. Per Robinhood it has a P/E ratio of -87. If it had any other name attached to it, no one would touch it with a 10 foot pole. Any “gains” aren’t the result of it being a well run, profitable company. 
 

That being said, if I had some mad money to gamble, I’d consider snagging some if it was around $10ish. But $54? Yeah. Way too high. 

 
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