iPIC hits ALL TIME BOTTOM: $0.80; (LONG) entry WILL yield ROI

12 thg 8, 2019

• Now as for my explanation:
  

This is def. a LONG position as I've made several entries off IPIC in the past -- each time at a lower low & each time yielding positive results.

My little brother works at iPic: so I've taken a particular interest in this 'shitstock' as I was told by my brother, who attended a mandatory meeting with corporate present...that iPic (unbeknownst to many) is owned by AMC.

Another thing that's unique about this particular franchise is that if they are "too big to fail" or rather "too grandiose to fail" much like the F-22 Raptor that's been in development forever and will never be finished due to greed form lockheed/boeing using DOD tax dollars to take advantage of loopholes in the R&D of the aircraft, though I digress.

Now normally I wouldn't touch a stock like this with a 10-foot poll; my bro told me something interesting at that mandatory meeting. When they have a bad quarter, the other regional branches (and even AMC theaters as well) pool their money together and pay a tax to pick up the slack on the branch he works at -- located right next to GW bridge.


This is interesting for three specific reasons:


1) *it means that corporate has sunk too much money into this luxury movie theater that celebrities often frequent -- and it's been a liability ever since.
2) * astonishingly however; they are resillient. Each time they reached a lower low they didn't bounce back because of a consolidation from forex traders but due to a complete scorched earth policy (firing everyone -- except my brother because he's been there since day 1) and re-hiring / re-training, lowering costs, listening to complaints of customers/staff/board members, offering more bonus incentives...the list goes on. So its this resillience that makes me have a vested stake/interest in iPic; which not 1 year ago was trading at $12-15 avg. per share, around Q4 it was $8.50 and then the latest low was $5.00 range. I've never seen it below $3.00.
3) * They know what to do, they just won't do it. LOWER THEIR PRICES!! nobody is trying to pay $30 for a movie, then $50 for popcorn/soda/a bite with it. Luxury theater or no, its still a movie in an era where streaming services are king.


So why am I confident this will consolidate?

Well for one; the volume accumulation on 1D chart reveals it will be a slow-motion bounce, yet a bounce nonetheless and secondly....its below $1.00 FFS.

This thing will get back to the $5-10 range as it has time and time again and it could be months but the fact of the matter remains, if you're patient, this is a profitable entry.

*Disclaimer:

iPic's future is without question volatile -- and with a struggling economy, I don't think AMC will bailout iPIc as it has many times in the past (when it could afford to with NASDAQ reaching 4x ATH in > 2 Qs) but I will keep you all posted and we shall see. Even if it doesn't consolidate fully; TP @ $1.81 and you're still getting 250% ROI.

Peace & Love. Set your stop-loss (though unlikely) better safe than sorry!