So I read the SEC filing & press release for HMNY, and it seems it has some big industry players behind it from the film industry.
Anyway, Movie pass is trying to become netflix for movie theaters. I need to delve deeper into the financials to see if they will show profit.
Without this information I cannot really tell if they are over-extended yet at the $8.50 - $9.00 park, it had a 1 year max high of around $16.00 if you can see the last few days it just blew through any previous resistance. Many of us thought to short this stock already, but it keeps blowing through.
Interesting to keep an eye on it. Currently I am going long on the stock hoping tomorrow it will creep up to $9.00+ since my position is at $8.57.