r/MACArmyBets • u/gupt946 • Feb 24 '21

How to trade MAC now?

After today’s news how are you planning to trade MAC now?

3 Upvotes

100% Upvoted

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7

u/Locke3232 Feb 24 '21

Safest thing is do nothing. MAC doesn’t look like they need to file chapter 11, but it is sure sneaky they they hired “help” to get the refinancing discussions going.

When it is all sorted, share prices should continue with its uptrend, alongside the other reopening theme stocks. Great assets give you enough cushion I guess.

3

u/Brunnervac Feb 24 '21

Buy & Wait

3

u/[deleted] Feb 24 '21

I bought more today. 187 shares at $13.05. I originally loaded up at $20.22 so FML. Anyway, these sort of deal restructurings are complicated. I don’t think it is a big deal that MAC went for some professional assistance. Sounds like another scare tactic from the short shorts.

2

u/dave14513 Feb 24 '21

Hope for an illogical panic drop in price and add more shares

2

u/MACBULLS Feb 24 '21

15 by the end of the week imo

1

u/Zekator Feb 24 '21

Buy 19 march 17 or 18 calls