Barstool Sports’ president and founder, Dave Portnoy, over the investment in AMC after losing $ 700,000 after the pressure, Jeff Bezos stepping down as Amazon’s CEO and whether he will attend the Super Bowl.
Dave Portnoy bought back shares of AMC after losing $ 700,000 after a printing trade.
The president and founder of Barstool Sports told FOX Business on Wednesday that he had climbed out of all heavily shortened shares on Tuesday, but that he had repurchased part of the shares of the movie theater industry because he “saw AMC go back.”
“I threw $ 700,000 into AMC this morning,” he told Stuart Varney about “Varney and Co.” and he added that he is already $ 60,000 on his investment.
When Varney asked when he would be out of stock, he replied, “It all feels like … I think it might have another run.”
ROBINHOOD DISCUSSION OF GAMESTOP TRADE IS ‘LEVEL OF PENALTY,’ BARSTOOL’S DAVE PORTNOY SAY
‘The big question with that, of course, is that inventory is limited. “Today I do not think it is so it is a bit of a mystery what is going to happen,” he added. “It’s not fundamental. It’s just to see the ball bounce … black, red or green in a roulette wheel. ‘
Portnoy said it is also investing a bit in Nokia and Naked Brand.
| Ticker | Safety | Last | Alter | Alter% |
|---|---|---|---|---|
| GME | GAMESTOP CORP | 99.20 | +8.87 | + 9.81% |
| AMC | AMC ENTERTAINMENT HOLDINGS INC | 8.65 | +0.81 | + 10.40% |
| NOK | NOKIA CORP. | 4.66 | +0.13 | + 2.90% |
| NAKD | NAKED MARK GROUP | 1.28 | +0.37 | + 40.62% |
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Meanwhile, Robinhood announced on Wednesday that it will allow partial investments in GameStop and AMC.
Portnoy said the move would bring the guy back, but also stressed that the app could stop the trade if these names were to hit again like before. “
‘The main problem I had was that I did not know that they could interrupt the trade as they did and the price crater … I jumped on the train to make money fast … I will it still does when the opportunity presents itself, ‘he said. said. “But it definitely opened my eyes to what can be done if the guy starts getting the hammer.”
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