Best Cryptocurrency Exchange Reddit

AMC Stock and AABB Stock — The ABCs of Meme Investor Buying

AMC Stock and AABB Stock -- The ABCs of Meme Investor Buying
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This article was excerpted from Tom Yeung’s Moonshot Investor newsletter. To make sure you don’t miss any of Tom’s 100x potential picks, sign up for his mailing list here.

Source: JW_PNW /

With the holiday in full swing last week, it was easy to miss one noteworthy announcement:

Radio Shack You want to rebrand as a crypto company.

You read that right.

The long-standing bankrupt company – now owned by its headquarters in Miami Retail e-commerce projects – Plans to enter crypto by releasing RADIO tokens and catering to the 68-year-old executives.

Right now, you would probably expect a crypto investor like me to say that buying the next RADIO token is a terrible idea (it is) and that you shouldn’t touch it with a 10-foot column (does it come in a 15-foot?).

But this is Cryptoland, the place where it is worst Description of the token gets a better chance of success apparently.

Illustration of an astronaut holding a boom box and making a peace sign.

Source: Catalyst Labs /

Radioshack isn’t the only company trying to court millennial investors for money. CEOs from Social capital Chamath Palihapitiya for Tesla (NASDAQ:TSLAElon Musk has wowed a whole new generation of people looking to get rich. Don’t have enough for a $94,990 car? How about buying $500 worth of partial stock instead? (Logic also applies unfortunately to Mr. Palihapitiya’s health insurance company).

Social media savvy CEOs channel their followers to make big profits. This is the main reason you gave Asia Broadband (OTCMKTS:AABB) as a crypto-buying game last September amid an off-exchange jolt.

Asia Broadband (AABB)

I first picked Asia Broadband when prices were at 11 cents. The Las Vegas-based gold miner had largely abandoned its supposed Mexican gold mining operations and was turning to gold-backed cryptocurrencies instead.

The company, of course, had more red flags than the slalom course:

“Most of AABB’s claims are probably exaggerated. The company’s unaudited financial statements show extraordinarily high profits even in 2018, when prices in the gold industry collapsed and the AABBG cryptocurrency remained unlisted in major accumulators. It is a company that any traditional investor could write off as a potential pump.” .

– Moonshot Investor, September 27, 2021

…but I ended up putting the company on my “buy” list anyway:

“For Reddit investors looking for an exciting journey, the long-term reality may not matter. When other little-known companies like Hello Pal International (OTCMKTS:HLLPF) Could Rise 4500% After Cryptocurrency Dreams Are Announced, Why Shouldn’t Companies Like AABB Do The Same? “

The reason was simple: some CEOs are consistently able to get investors excited. And AABB’s previous “pivots” highlight a management team willing to do – or say – anything that works.

AABB has since been chosen by users of Stocktwits, a popular investment forum. Prices peaked at 33 cents during the holidays (a 200% gain!) before dropping back to 16 cents. At least we’re still 45% higher.

With Reddit investors still searching for the “next big thing,” don’t be surprised if AABB makes a second batch for $1. The company’s management has played the role of investors before; They will likely do it again.

AMC Entertainment (AMC)

The CEO of the theater chain, Adam Aaron, has proven to be an expert at playing meme audiences. And at 67 years old, “Silverback” (as it’s known among retail investors) is exactly the kind of CEO in sight to pivot RadioShack to the blockchain.

“We are now proud to accept: drumroll, please… Bitcoin, Ethereum, Bitcoin Cash, Litecoin. Also Apple Pay, Google Pay and PayPal. Incredibly, they already account for 14% of our total online transactions!” Mr. Aaron tweeted In November. “Next Dogecoin.”

Customer satisfaction has been a game changer AMC (New York Stock Exchange:AMC). The company has used its ridiculously high stock prices to raise $2 billion in new capital, pay down debt and get over it Jim Stop (New York Stock Exchange:GME) to become the best performing big stock of 2021. Who would have imagined that a company on the verge of bankruptcy in 2019 could make such an amazing financial return?

Of course, not every investor has won the AMC stock game. Those who bought in the summer will see 62% Loss. So far, AMC’s current price of $27 is still 70 times over estimated free cash flow.

However, it looks like 2022 will turn out to be one of the greatest at the box office. Spider Man Success will be followed by other safe betting sequences such as Best And Black Panther. And if AMC’s teen stock price drops, you can bet Mr. Aaron will have a few other tricks up his sleeve to help prices recover.

Bottom line: AABB is meme stock ready to explode; Investors should wait for the $10 to $20 range to start speculating on AMC.

Illustration of a cat with an upset facial expression in the bathtub named "BBBY".

Source: Catalyst Labs /

Meme stock without meme CEOs

On the other hand, companies without Marketable CEOs have seen stock prices fall straight to the ground. Last week, shares in bed bath behind (NASDAQ:BBBY) sank to pre-pandemic (i.e., pre-M) levels. Its market capitalization of $1.5 billion now makes it comparable to an insignificant competitor Williams Sonoma (New York Stock Exchange:WSM) on a forward price-to-earnings basis.

It’s as if the meme stock revolution never happened to BBBY.

Other companies face similar fates:

  • context logic (NASDAQ:he wishes). It’s down 83% since January 2021
  • kings (NASDAQ:DKNG). drop 41%
  • general (NASDAQ:general). 31% decrease
  • Kodak (New York Stock Exchange:your code). 42% decrease

In each case, management failed to understand the importance of meme investors. Ask average investing Joe/Jane to name any of the CEOs, and you can expect a blank look. Their management has also largely avoided raising additional capital to fund growth.

Meanwhile, organizations like GameStop (Ryan Cohen), Tesla (Elon Musk), AMC (Adam Aron), and the Ethereum Foundation (Vitalik Buterin) continue to shine. These star CEOs have turned ordinary projects into very well-funded technology start-ups.

Coming into 2022, investors should expect the pattern to continue. When a single tweet can affect millions of hearts (and billions of dollars), it’s the social media management teams that will ultimately succeed.

Will Radio Shack go up again?

In fact, creating a successful cryptocurrency exchange is Difficult. Not only do you need to completely lower the security level (failure to do so can quickly turn your website into the next mountain of Gox), but you also need to attract enough market makers to provide trading liquidity.

This is why I tend to bet on incumbents. in the industry has positive Economies of scale, it Ethereum (CCC:ETH-USD), coins (CCC:CRO-USD), Binance Coins (CCC:BNB-USD) And Terra Lunas (CCC:MOON-USD) will win.

For the same reason, I’m pessimistic about long-term Overview of mini cryptocurrency wallets like AABB or RadioShack. These newbies had neither the talent nor the vision of their bigger known competitors.

However, the short and medium terms are always full of surprises. People often forget that Radioshack stock surged 100% in 2013 (and again at least in 2014) before finally succumbing to bankruptcy in 2015. And if you’re willing to bet the dying breath of an old retailer, there’s no better place to start than RADIO, a well-timed plug for the modern meme investor.

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Thomas Yeung is an expert when it comes to finding fast-paced growth opportunities on Reddit. He recommended Dogecoin before it soared over 8000%, Ripple before it soared over 480% and Cardano before it soared over 460%. Now, in a new report, he has named 17 of his favorite Reddit stocks. Order your free copy here!

At the date of publication, Tom Yeung did not (directly or indirectly) hold any positions in the securities mentioned in this article.

Tom Yeung, CFA, is a registered investment advisor with a mission to make the investing world simple.

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