Recent High Flying Stocks

[Bullitt]

I didn't even know Express was publicly traded. Thought they were owned by L brands.

But again, another case of a zombie company. Imagine if JCP still existed?

Positive note, at least AMC was able to use this ramp up to get rid of some debt and will be able to stay alive without government intervention. The watering down could be pressuring that stock a bit more today. Long term though, it's not worth what it's trading at, but it's not as likely to go belly up like Hertz any time soon.

AMC said the conversion will result in the issuance of 44.4 million new shares. The conversion will reduce the company's debt by $600 million.

https://www.marketwatch.com/story/a...rt-600-million-of-convertible-debt-2021-01-28

 

[tsptalk]

The short squeezers are having a big day today. GME, as I mentioned in another post, was up 100% today, AMC up 18%, TLRY up 13%, EXPR up 43%.

 

[tsptalk]

Interactive Brokers founder: Don’t short AMC, meme stocks — they can soar to ‘unimaginable highs’

Short sellers should “resist the temptation” to bet against meme stocks like AMC Entertainment, Interactive Brokers’ Thomas Peterffy told CNBC on Monday.

“These prices can go to unimaginable highs before they settle down to a reasonable valuation,” Peterffy said, warning that traders “may have to cover on the high point.”

However, Peterffy said investors should not be long meme stocks either.

https://www.cnbc.com/2021/06/07/int...homas-peterffy-dont-be-short-meme-stocks.html