美股AMC向散户投资者发出警告
来源：
BBC、The Sydney Morning Herald、Bloomberg
# 双语资讯系列#
导读
今年，美国院线AMC成为了美国散户入场逼空大戏的主角。3日，AMC院线原本盘前大涨超20%，但开盘后股价迅速下挫、三度熔断。作为散户抱团股，AMC近日的暴涨惊人，但华尔街的分析师们并不看好，该公司有大约50亿美元的债务。此前，万达是AMC的最大股东，并已于5月23日全部清空股权。
核心词汇
令人大惑不解：head-scratching
日内交易员：day traders
被严重高估： massively overvalued
短暂震荡：stuttered briefly
特殊目的收购公司：SPAC（Special Purpose Acquisition Corporation）
US cinema chain AMC has put out a blunt warning to smaller investors as it launched a new share sale. It warned against buying “unless you are prepared to incur the risk of losing all or a substantial portion of your investment.”随着新一轮股份出售计划的启动，美国影院连锁AMC对小型投资者发出直接了当的警告。该公司警告他们不要购买其股票，“除非您准备承担损失部分或全部投资的风险”。
On Thursday it unveiled plans to sell up to 11.6 million shares off the back of surging prices in the “meme” stock popularised on social media.
周四，AMC宣布了一项多达1160万股的股份出售计划，而此前，该公司“迷因股”（meme stock，指深受网民影响的股票）在社交媒体上大受追捧，价格极速飙升。
AMC stock was lower by more than 20% at the end of Thursdays trading.
截至周四收盘之时，AMC股票的跌幅超过20%。
It comes a day after the company updated its offer for retail investors, who can now claim a tub of free popcorn if they sign up to a regular newsletter.而此前一天，该公司还在针对散户投资者开展最新的优惠活动——只要他们订阅一份定期新闻简报，就能免费获赠一桶爆米花。
The stock sale is the latest head-scratching twist in the saga of a theater chain that was on the verge of bankruptcy just months ago, only to be resurrected by an army of day traders hellbent on defying old-school conventions about what companies are worth.这家影院连锁曾在数月前濒临破产，却突然在一群日内交易者出于对传统投资的逆反心理追捧下迎来新生，而这次的股票出售则是整个故事中令人大惑不解的最新反转。Raising cash through an equity sale to a single holder is relatively rare in U.S. markets. Having the holder flip the stock right after buying it is almost unheard of — usually the buyer is an existing stakeholder trying to send a message of stability to the market.通过向单一持股人出售股权来筹集现金的情况，在美国市场上相当罕见。而让该持股人在购入股票后迅速抛售，更是闻所未闻；一般而言，买家作为现有的利益相关者，会试图向市场传递让外界安心的信息。
Why has AMC stock been soaring?
AMC股价为何狂飙
It is the latest example of small investors trying to seize power from Wall Street giants.这是小型投资者试图从华尔街巨头手中夺取权力的最近实例。Mudrick has also helped AMC, effectively bankrolling one of the company’s biggest equity sales by purchasing $230 million of shares — and then promptly dumping them in the open market for a tidy profit. Meanwhile, his firm was telling clients it was selling because AMC was massively overvalued.此外，Mudrick（穆德里克资本）的推波助澜也不容忽视。它通过购买AMC 2.3亿美元的股票为其注入资金，随后立即在公开市场上卖出，获得了可观的利润，而这也是AMC有史以来规模最大的股权出售之一。与此同时，Mudrick公司也告诉客户它正在出售AMC股票，因为其股价被严重高估。They also apparently ignored Mudrick’s dim view of AMC’s valuation. While the stock stuttered briefly on Tuesday after the news of Mudrick’s sale broke, it still finished near its high for the day at $32.04.很显然，投资者们也忽略了Mudrick不看好AMC估值的观点。在Mudrick出售AMC股票的消息爆出后，该股曾在周二经历了短暂震荡，但当天仍以32.04美元每股的价格收盘。
Why you shouldn’t ignore the AMC share frenzy?
AMC股价狂飙事件亟需引起重视
First, what we are seeing is a realignment of the investment landscape at its outer edges, at least for now. It is powered by the ability to coordinate effectively and smartly through Reddit.首先，我们目睹的是投资市场外层格局的重整，至少目前如此。这种重整的力量来自于高效的协调能力，且很聪明地利用了Reddit社交平台。Second, it is yet another illustration of how ultra-loose policies have enabled more risk-taking. And the impact is not limited to retail investors. It is the same combination that has fuelled the SPAC and cryptocurrency phenomena that are causing belated indigestion for a growing number of governments and central banks.其次，它再次证明了超级宽松的政策对冒险投资行为的助长作用。其影响不仅局限于散户投资者。正是这一相同的组合因素促成了特殊目的收购公司（SPAC）和加密货币的火热现象，导致越来越多的政府部门和中央银行一时难以招架。Third, it is yet another episode of market regulators and supervisors being late to the game. The difficult questions for which there is no broad agreement on answers, let alone effective guidance from the authorities, range from investor suitability and protection and possible market manipulation to larger issues of market stability and contagion.最后，它再次反映了市场监管部门在市场中的滞后表现。从投资者适宜性及其保护和潜在的市场操纵行为，到破坏市场稳定性的大事件及其扩散效应，对于目前的难题，各方莫衷一是，更别提监管层能够提出什么有效的指导了。参考链接：https://www.bbc.com/news/business-57334264https://www.smh.com.au/business/markets/why-you-shouldn-t-ignore-the-amc-share-frenzy-20210604-p57xz6.htmlhttps://news.bloomberglaw.com/bankruptcy-law/amc-collects-250-million-by-giving-mudricks-fund-a-quick-cameo提示：内容由应用型高级笔译班学员实习编译仅供学习参考使用，如有问题欢迎指正初译/田园校对/Fun编排/小支策划/小支-THE END-
