Archer Aviation Inc (ACHR)

[sawxman]

I was reading something similar. Didn’t know about the 6 code. The stock was pushed down big time in the closing minutes. Closing short tactic? I figure it’s bullish either way

[Theo]

I found that that trade (for 6,171,579 shares) crossed as:

03/15/2024 16:00:02 EDT 6 5.02 6171579 NYSE

The "6" is code for 'Market Center Closing Trade' or MOC (Market on Close) for short.

"A market-on-close (MOC) order is a type of stock order that instructs the broker to buy or sell a security at the closing price of the trading day. "

[sawxman]

Thanks!

[blackcat]

Here's a start for you.

https://marketchameleon.com/Reports/StockOrderImbalanceReport

[sawxman]

Interesting, not sure what that means but will do some research for better understanding

[blackcat]

My guess is that was an order imbalance correction.

[sawxman]

Any conjecture is welcome

[sawxman]

Any idea what the 6m T trade is all about after hour?

[sawxman]

Thanks for the reply. Watching the level here and where it closes. Sitting right at the 200sma

[blackcat]

Today? I don't think so, but sometime? More than likely.
If it stays up for the day I will likely sell the trading shares I bought yesterday and wait for that dip.

[sawxman]

Considering a swing here. Think it will have a brief dip back under 5?

[sawxman]

Stellantis picked up another 1.6m shares Tuesday and Wednesday average price $5.11

[sawxman]

If it does I’ll surely be kicking myself

[sawxman]

I hope it doesn’t go any lower than $4.62

[blackcat]

I bought some back at $4.90 this afternoon. However- I think there will be a chance to buy for less tomorrow- maybe Monday -which I will because my trading position needs rebuilding.

[sawxman]

That’s my fault though so when that happens I come here to complain 😭

[sawxman]

I sold $5.50 yesterday and bought back way too soon lol

[blackcat]

You are trading this right? It is throwing trades in your lap! Last week you could buy low 4's and yesterday you could sell mid 5s (I know, because I did)
Today-tomorrow you can buy back under 5 and wait for the trade. With this stock you want to always have a trading position outside your core holding. Use the shorters to your advantage.

[sawxman]

Prob in a day or two. Maybe today even! Lol

[starkd748]

Good I can avg down

[sawxman]

Here they come!

[starkd748]

Damn I wanted some 3s

[sawxman]

Live short interest
48.07m
23.83%ff

[sawxman]

3.6m*

[sawxman]

Stellantis picked up 3.5m shares open market last 4 days increasing their stake from 14.8% to 15.1%

[blackcat]

Lots of small AH trades today,

[sawxman]

Gravestone doji yesterday. Would be very bullish if we close anywhere green today

[sawxman]

I was right, short report by the bear cave

[sawxman]

Not normal at all. Very much short related

[sawxman]

Price movement

[sawxman]

Up 8% to nearly red on the day. I’m sorry but that’s not normal procedure movement, and it’s every time

[sawxman]

F this

[sawxman]

There’s the elevator again! Never fails

[sawxman]

Wow going for lower still

[sawxman]

Stock price is collapsing

[sawxman]

Ortex live short interest

38.8m

19.89%ff

It also says that in November 2023 it reached 27%. I check frequently and have never seen the live short interest go much over 20%

Idk very weird

[sawxman]

I really hope not lol

[blackcat]

Not for any reason that I'm aware of. Just picked up a few trading shares at $4.55

[sawxman]

Think we see 3’s again?

[blackcat]

It is what it is. I don't short stocks. It's more trouble than it's worth to me. I do pay attention to short volume because it's an indicator of where the stock will be heading. There are no catalysts for ACHR in the short term, and that is the most likely cause of selling rather than buying. I tried for a $4.60 fill have earnings announcement, to add some more trading shares, but it didn't fill. Looks like I can go get them now if I want.

[sawxman]

It’s getting ugly

[sawxman]

What do you think about naked shorting? And if not why so much selling pressure?

[blackcat]

Don't know if everyone's seen this.

Archer Aviation's ( ACHR ) short percent of float has fallen 4.56% since its last report. The company recently reported that it has 38.22 million shares sold short, which is 16.33% of all regular shares that are available for trading. Based on its trading volume, it would take traders 8.36 days to cover their short positions on average.

[sawxman]

Looks about ready to nose dive off a cliff

[sawxman]

Potentially more if you think about all of the open orders placed with companies that may never reach market. ie. Vertical Aerospace deal with American Airlines

[blackcat]

This is a positive future look.

@ArcherAviation
📄 MIDNIGHT’S $3.5B ORDER BOOK | Our indicative order book now stands at 700 aircraft, valued at $3.5 billion with $15 million in pre-delivery payments. This includes orders from major airlines and strategic operators worldwide.

[sawxman]

ARKK bought close to 2m last two days combined

[sawxman]

The short selling is relentless

[Theo]

News (Re-cap): Archer Announces Fourth Quarter and Full Year 2023 Results; Now In Final Phase of Midnight’s Certification Program as it Readies for Launch in 2025

Approximately 80% of Archer’s Midnight aircraft’s subsystems and components are sourced from leading aerospace suppliers with certification heritage giving it a significantly de-risked path to certification

Construction of three conforming Midnight aircraft underway as flight test program makes rapid progress and Archer expects to complete 400 test flights in 2024

On track to complete build out of volume manufacturing facility alongside Stellantis in Georgia later this year

Strong liquidity position of ~$625M at end of Q4 2023 with cash balances increasing QoQ

[sawxman]

Happy with the call. I think I need to just sit on my hands for a bit lol