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Thoughts on Breaking Bad and AMC Networks

http://www.youtube.com/watch?v=TSS8zz5IWgo

Since its 2011 spin-off from Cablevision, AMC Networks has seen an impressive run higher. Despite beating second quarter earnings forecasts last week, though, the stock faced heavy selling amidst price weakness. On the updated weekly chart, below, you can also see the potential of a bearish rising wedge, which has not yet confirmed but certainly becomes more viable on further weakness. In particular, a weekly close below $61 would be strong evidence of a topping out process at hand.

And that may very well be poetic, considering that Breaking Bad concludes its final season, starting this Sunday night. Depending on how these final eight episodes are done, I still consider the show to be the best production on television of all-time.

At the same time, I am pleased to see they are not going to drag the series on for several more years just for the sake of doing so. Too often, we saw series like The Sopranos morph into soap operas in their final years, even if David Chase was able to regroup and rally the cast for a strong finale.

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AMCX

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10 comments

  1. UncleBuccs

    Chess, I have you to thank for prodding me to give this show a chance. It’s been highly entertaining.

    In keeping with my reputation of spotting false omens & making wildly incorrect predictions, here’s another: Breaking Bad will end as it started…. with Walter in his own personal hell of washing cars & being disrespected. The grand circle of karmic justice will have brought him back to zero….

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    • chessNwine

      Great stuff, Unc. Thanks!

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    • lol

      Or even worse, after the DEA confiscates his cash and Saul Goodman works his magic for Hank to be “not guilty” he somehow ends up having to pay a loan shark back for some reason, he will have to sell his car wash business back to the same boss just to pay it all off, and will be back working for him.

      Of course, Saul Goodman’s “magic” will help kick off the Saul Goodman spinoff in 2014

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      • lol

        If the hat don’t fit, you must acquit.

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      • lol

        They need a shocker with Hank Jr. I think the biggest twist would be if several episodes before the final, hank dies…. Then Walt Jr puts a gun to pinkman, demands answers, and then says “I believe you” and shoots him anywyas, then plots revenge, providing the time he and dad watched scarface as foreshadowing, killing everyone in the final standoff.
        Or maybe Walt goes nuts growing his “empire” and eventually Walt Jr. OD’s on the “blue stuff”, Hank hides the evidence from Skyler, manipulated the autopsy but Skyler kills Hank, somehow knowing all along what happened…
        Ha

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  2. cd7

    Yeah, I’ll 2nd the thanks for getting me started. Incredible drama. At first I thought it was tragic comedy but by midpoint S1 I was disabused of that notion. Off the wall prediction: Skyler sweeps the table clean and rides off into sunset.
    With Jesse. (painful to even think about)

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  3. lol

    Ether way, there will likely be some tie in to the Saul Goodman spinoff and it could somewhat end where it left off. If Hank Jr kills everyone it can start with him having a gun on Saul Goodman. If Skyler kills hank, she will need a lawyer. If Hank ends up arrested, you could start off season 1 of Saul Goodman ending up with the very difficult task of proving Hank’s innocence.

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