Is There a Bullish Argument for AMC Entertainment Stock?
I'm going to attempt what I haven't seen even the most ardent AMC Entertainment Holdings (NYSE: AMC) bull do: make a viable long-term argument for owning a piece of the reeling multiplex operator. You don't see too many AMC shareholders realistically talking about the long-term fundamentals. I want to give it a shot.
AMC bulls talk a good chart game. They point to technical analysis, short squeezes, and the mother of all gamma squeezes as catalysts for their enthusiasm. If they're feeling particularly inspired, they may even venture off into conspiracy theories about hedge funds and analysts working together to keep the longs down.
Image source: Getty Images.
Source Fool.com
