Don’t lose your flame. (IMPORTANT TALK)

I know your position is likely red and seeing the down days continue is getting to you — I know that feeling of uncertainty that’s hitting most of you despite the fact that you know you’re holding a nuclear bomb. The stock is down and I’m not going to harp on that too much, I’m instead going to give you more of a macro perspective based on the correlation to the broader market this year and why this play is far from over.

I’m a full-time trader and AMC is the only long term hold that I have had this year since the beginning of the massive downtrend in the market. I bought AMC in January 2021 and sold all of my other longs in the middle of January 2022.

Hear me out:

• Has AMC only ran when SPY has rallied this year? Yes.

• Has the equities market specifically been in a “bear trend” (or “crashing”) for all of 2022? Yes.

• Has AMC had a massive run after every share offering since the start of 2021? Yes.

• Does SPY (or broad market in general) typically rise both around midterms AND December (aka Santa Rally)? Yes.

• Are we likely to see more downside on broader market (and thereby AMC) before rally into midterms and December begins? Yes.

• Has AMC been in an accumulation (Wyckoff) for all of 2022? Is accumulation good and indicative of a coming move up? Are we at the tail end of an accumulation pending decent market conditions to exit said accumulation? Yes.

• With all of the previous questions in mind (this is just scratching the surface) does it make a little sense to you why Adam Aron announced the share offering when he did? Does he know what he’s doing? YES.

So when asked “wen moon?” I simply reply “moon as soon as market finds a local bottom”.

Love you guys — better days ahead.