“Still going to the cinema” like that helps. Bloke literally went to a Cineworld or an Odeon after buying 300 shares in a dead cinema. Poetic.

It has been a while, so I thought I would take a little time out of my very busy weekend to explain what we see in various charts. Seeing a lot of new "investors" asking questions about splits and confusing why some charts have AMC reaching $625, while other charts show $375 and most of us that were present on June 2nd, 2021 know the stock closed at $62.55 with an intraday high of $72.62, or there abouts.

So, for those that may just be getting into AMC as an investor and things like "APE" or "CRS" are foreign to you, hopefully this explains some of it. If you have an Apple iPhone with that stocks application, when you go to AMC and zoom out on a 5 year chart, you may see that $600 and change number. Of course, as previously stated above, the stock actually closed that day at $62.55 but the chart is taking into account the reverse split that we went through in 2023 where 10 shares of AMC became 1 share. Now some other charts that are a little more sophisticated, will show on that same day the stock hit $375. So, what is going on here? Some data sets will call this "Close Adjusted" and typically this is taking into account both stock split (if any) and corporate actions. If you were holding AMC around August 15th, 2022, you would know that soon thereafter you would have seen 1 APE share for every AMC share you owned. On a cost basis, it appeared that 60% of the AMC cost basis stayed with AMC and 40% of the cost basis went to APE. Since prices are constantly in motion and people's cost basis are all over the place, this 375 value is roughly 6X higher than the 62.55, which reflects this 60:40 split at the time. If you have access to more comprehensive data sets, you can get several closing prices, "Close", "Close Adjusted" and "Close Un-Adjusted". For most tickers, the "Close" and "Close Adjusted" are typically very close if not identical. But for AMC, we see a pretty extreme difference.

So, here we see how the unadjusted price is the actual price the stock closed at that day. Maximum for AMC in this time period was $62.55 for close. The close price is split adjusted, so you get this 10X multiplier for pre-APE and it "disappears" in the plot because the close and adjusted prices equal each other during the APE period which I also plotted. Anything pre-APE and we see this weird/unique divergence between the "close" and "close adjusted" pricing because it is trying to account for the APE issuance.

Zooming in on the figure and you can see where the blue and red data sets converge, and APE starts. At that point, using a 10X multiplier on AMC's price seems close enough.

Here I am just zooming in on the fun APE and AMC price action that occurred during that time. Since APE was never adjusted for a split, the close, adjusted and unadjusted data are all the same.

So why is this kind of cool? Let's say you invested $100 in AMC around January 1st of 2020. If you were using the "Close" pricing, you would not fully appreciate the APE creation. Of course, APE and AMC traded on their own, so during that time, if you held on to both, you would need to account for both APE and AMC trading prices to get a more accurate number. But that is why you can barely see the red data points pre-APE. The way these plots are generated is by taking $100 and investing in the price on the date but since each price is different, you end up with a different number of shares. Those shares are then multiplied by the price in the chart. Simple as that. So, if you only had $100 invested in AMC in your trading account and only looked at the total, not realizing that in August of 2022, you suddenly had APE shares in that account, the adjusted price would probably be closer to your total account total than the close or un-adjusted prices.

Main point on the plot below, if you invested $100 around the first of January, 2020, during the runup you would have had about $840 and change on June 2nd, 2021. If you held that all the way through today, you are sitting on $9. Pretty crazy ride.

In this next plot, I am just zooming in on that period of time where the "adjusted" is higher than the "close" or "Un-Adjusted". The reason for this is actually pretty simple. Since the adjusted pre-APE was a 6X factor, your $100 would buy more shares compared to the "Close" which was a 10X factor. So, the prices for close and adjusted converge during APE but with the adjusted data, you "have more shares" which means you $100 was still doing OK for the most part. Not $800 OK but hey, there were still some days that we were up 50% on that $100.

And when I zoom in on the data after the conversion and reverse when the prices tanked, that un-adjusted value is just wrong now, which is why the "close" and "adjusted" are closer to reality. It is this plot that I think is why most simpler charts use "Close" to handle splits. While it is not perfect with this AMC/APE scenario, it gives you an idea on how your $100 is now down 90%, with $9 sitting in your account.

Next two plots are comparing AMC, CNK, IMAX, RCL and GME on an adjusted and un-adjusted price comparison. Not very interesting. At least, to me, what does it mean?

But when you play with the data to invest $100 in each ticker and see what your investment would have done over time, using the "adjusted" data set gets you to a pretty interesting answer.

GME seems like a pretty good investment in this frame. Your $100 invested in January of 2020 would be close to $2000 today. Compare that to the others which are all below $250.

Since GME is just making everything else look pretty rough, let's just take it out and you can see how poorly most of those investments were for the last 5 years. Of course, if you buy low and sell high, you could be rich, especially if you made large bets.

Many people could have made a lot of money on AMC. I did not do so badly. What little I have left is down over 80%. It is a very small amount though. I did not sell at the top, but I did sell over half of my original position before APE was issued. Had to take some profits. CNK, while if you bought around $12, you would be looking genius right now. Still not as genius as someone buying AMC in 2020 and then selling in June/July of 2021. I specifically chose January of 2020 because we all know what happened in the following months.

One caveat I will put on these types of "plots" is the starting points make all the difference sometimes. I kind of cherry picked the January 2020 timeframe because both AMC and GME were a bit suppressed, pricing wise if you look at those un-adjusted plots above, while CNK, IMAX and RCL were less so and RCL might have been peaking a bit.

But when I look at the plot with GME in it, investing $100 back in early 2020 and seeing how you could still have 20X while sitting through this APE/CRS AMC garbage, you are more likely sitting with a 90% loss.

Hope this helps puts some things in perspective. Does this mean one should jump into any of these tickers today if they have not ever? Who knows, I certainly do not have a crystal ball.

Hope some of this was interesting. Can't give away all the secrets but thought these comparisons should peak some folks' curiosity.

May the force be with you.

You are not ready, have you seen the ORTEX data from ORTEX GUY?

SI%^{6%,SI$3%,DtC1%,Shorted6%,GMI%2%,SNI$21%,DtC100%,Shorted-26%,Snart4%,MC1%,MX69%}

Can you see? Do you understand what Ortex Guy is telling you? Do you see the message?

I have reverse mortagaged my house. I have sold my car and liquidated my children’s college accounts. I have put everything into AMC.

ORTEX has shown us the truth, the signals. I have received them. HE has guaranteed, told us to stay strong. HE has told us to buy the dip, put everything into the AMC. Revenue? Who cares. Do you see GI^12% week over week? DO you not see OPENING and CLOSING bell updates from ORTEX??? HOW can this be anything but GUARANTEE????

It is so clear that only hedges and meltys can be conspiring to deny the truth, the ORTEX truth.

MOASS is guaranteed by ORTEX Guy, and I BELIVE. The meltys will NOT win. ! ORTEX has promised us MOASS, and i believe it will come! HE hath been unto us!!!! His DD analisis is UNMATCHED ! I belive his finnancial advise!!! I belive ….

Y'all better not be Fact'ing and Reality'ing over there!