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UTME is also big in India, I'm sure you know, they have a few folks over there, too!
How have you been, my friend? Good to see you here, or anywhere!
I'm not sure how in hell they are shorting this tiny float, but they have bigger stones than I do. Utime has a good foothold in India, clearly Covid screwed everything up for them, but I wouldn't want to be a short.
IMO, when we do correct technically, come back to UTME for a long play. GL
http://www.utimemobile.com/about.html
How many NY Friends do you have?
Why not start another "Occupy Wall Street"?
We need main stream media to know what social media knows, the US Stock Market is Corrupt as Hell!
I agree with you. It's no secret that the President of China, Xi Jinping, wants the Yaun to be the world's currency, not the dollar. With USA's debt, we'd be bankrupt if we couldn't just print our way out of trouble month after month.
If I was Xi, I'd buy 500 million shares of AMC. While ABC, NBC or CBS doesn't ask what the hell is going on with AMC, if Xi was to bring his little portfolio showing that he's a follow AMC Ape and he alone owns the float, well, I'd bet he'd get on TV, once Xi showed how corrupt the US stock market is, well he'd have a much better chance of speeding up the Yuan to be the World's Currency. IMO, that's going to happen, sooner, rather than later.
I've been saying, AMC is just the start of how rigged the Stock Market is. Biden giving away money is nonsense, Biden needs to stop HF's from stealing poor people's money, if Biden did that, many other money issues would take care of themselves. IMO
Hedge Funds IS THE MONEY in politics, that's why we don't hear a peep out of Biden! Where the hell is Bernie Sanders, if ever there was a time for his finger wagging, AMC is it.
I couldn't agree more with you, our Market are Fraudulent, but it's not a joke.
I hope you do start a Crusade, I'll support you.
https://www.theatlantic.com/politics/archive/2015/06/the-triumph-of-occupy-wall-street/395408/
Neb, disregarding anything to do with shorts squeezes, what value would you drop on AMC?
Marvel's “Black Widow” is already crushing pandemic-era box office records. The superhero adventure raked in a mighty $39.5 million from 4,160 theaters on Friday, the biggest single-day gross since the onset of COVID
Box Office: 'Black Widow' Poised to Capture $87.8 Million Debut - Variety
https://variety.com › film › black-widow-box-office-debu...
It's a big problem when the Market Makers are working with a Hedge Fund, that's managed by the same individual they are employed with, who just so happens to have a world class legal team on board, to boot!
Equities & Options - Citadel Securities
https://www.citadelsecurities.com › products › equities-...
Citadel Securities is a leading market maker to the world's institutions and ... we manage the very first trade of an issuer's stock, as well as follow on offerings. ... to provide liquidity in its issuers' stocks than any other designated market maker, ... fill rates, minimal market impact, and a fully customized trading experience.
Here's another good one, right straight from your buddy's desk!
"The heart of American capitalism is a simple idea: open and fair competition," said Biden before signing the order. "Capitalism without competition isn't capitalism. It's exploitation. Without healthy competition big players can change and charge whatever they want, and treat you however they want — and for too many Americans that means accepting a bad deal for things you can't go without."
Guessing, no real facts. I'm sure you're aware of the size of real float!
Open High Low Close* Adj Close** Volume
Jul 09, 2021 11.65 12.18 10.33 11.23 11.23 1,892,576
Jul 08, 2021 8.25 13.65 8.15 12.88 12.88 11,857,500
Jul 07, 2021 10.05 10.22 8.82 9.00 9.00 585,200
Jul 06, 2021 10.80 10.88 10.20 10.27 10.27 388,500
Jul 02, 2021 11.84 11.95 10.81 11.06 11.06 401,100
Jul 01, 2021 12.06 12.44 11.67 11.84 11.84 479,400
Jun 30, 2021 13.00 13.03 12.25 12.31 12.31 509,800
Jun 29, 2021 13.42 13.80 12.79 12.92 12.92 725,200
Jun 28, 2021 12.80 14.48 12.70 13.60 13.60 2,171,700
Jun 25, 2021 14.15 14.20 13.26 13.36 13.36 784,100
Jun 24, 2021 14.53 14.98 14.10 14.10 14.10 636,700
Jun 23, 2021 14.55 15.20 14.05 14.41 14.41 998,500
Jun 22, 2021 14.52 14.95 14.00 14.25 14.25 1,380,600
Jun 21, 2021 16.77 16.80 14.25 15.67 15.67 2,244,100
Jun 18, 2021 19.00 19.90 16.70 16.80 16.80 10,629,700
Jun 17, 2021 55.01 75.80 14.81 16.17 16.17 14,890,700
Jun 16, 2021 47.00 59.44 46.50 59.00 59.00 69,700
I do not believe "they" feel that the law pertains to them, but if they are called to task, they have corporate lawyers to tie things up until they pay a few million dollars while pocketing many, many millions more.
Or in AMC's case, billions!
I believe UTME is making products for companies that do not want UTME to fail, these companies have Billions, too.
54% is held by insiders and isn't available for even them to sell, clearly, this is an obvious naked shorting which is flat out illegal!
That same Inside Ownership should be asking the SEC how in hell at least twice the float has been shorted, I'd love to hear the answer to that question!
This has to be naked shorting going on with AG, every damn day, there's no covering that I can see.
I keep buying, what the f@ck!
AMC, GameStop Stock Headed for Longest Losing Streaks Since May
By Connor Smith
Updated July 7, 2021 11:45 am ET / Original July 7, 2021 11:23 am ET
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AMC stock has seen lower-than-average daily trading volume over the past 10 days, compared to the rest of 2021.
Angela Weiss / AFP via Getty Images
Meme stocks AMC Entertainment and GameStop fell sharply on Wednesday, extending their losses for the fourth day in a row after weeks of sideways trading.
AMC stock (ticker: AMC) was down 9% to $45.52 Wednesday morning, while GameStop stock (GME) was down 7.5% to $184.56. Shares of Bed Bath & Beyond (BBBY) and BlackBerry (BB), both stocks caught in the meme trade amid interest from Reddit users, were down about 4% each.
If Wednesday’s action holds, AMC stock will extend its recent losing streak to four trading days, its longest such streak since May 6 when it closed down for eight trading days in a row, according to Dow Jones Market Data. GameStop stock is on a similar skid, down its fourth consecutive trading day, the longest losing streak since May 5. Those streaks were set before meme stocks broadly started their most recent rally toward the end of May.
Still, AMC and GameStop are multiples higher than their levels in early May. AMC stock is up nearly 2,000% year to date, and GameStop stock is up about 860%. That said, both stocks have been on a downward trend since the beginning of June.
AMC and GameStop have seen relatively lower trading volume in recent sessions. AMC stock’s daily volume averaged at 87.7 million shares traded over the past 10 days, compared to an average of 170.7 million shares for the rest of 2021, according to Dow Jones Market Data. Likewise, GameStop volume averaged at 4.6 million shares traded daily over the past 10 days, compared to an average daily volume of 27.6 million for the rest of 2021.
There doesn’t appear to be news moving the stock, either. Moves in the shares of AMC and GameStop have tracked more closely with technical trading factors like options volume, short-seller interest, and social media-fueled momentum.
As Barron’s has noted, it would take very bold assumptions for AMC and GameStop to justify recent valuations. Many research analysts covering the stocks based on fundamental factors have struggled to do their jobs, with some dropping coverage altogether.
On Reddit forums, users are waiting for a MOASS, or “mother of all short squeezes,” that would send the meme stocks to new highs amid inflated demand from short sellers. Observers such as Michael Burry, of “The Big Short” fame, have predicted a crash for GameStop and other meme stocks.
Write to Connor Smith at connor.smith@barrons.com
1% totally controls 99%they also control the FED.
I've been on vacation, I personally believe that there's so much corruption involved on WS that AMC is only a fraction of the problem.
Many here think there's billion of Counterfeit shares outstanding in AMC, media reports Apes hold 80% of shares, where's the selling coming from. IMO, there's more than two billion shares shorted.
Also, IMO, Citadel has their own stock exchange, I also believe that Gensler and Powell know all about it, buying order flow helped Citadel develop their own Exchange, we know that shares are rerouted, we know that millions are shorted, what we don't know is how many shares are shorted on Citadel's Exchange, where they do not have to pay any margin, hell, they have banked Apes money and are still banking it from selling counterfeit share.
Lastly, Adam Aron has to know something about how many outstanding shares there are out there, he has to! IMO, waiting for the Fed to do anything is a waste of time, they are corrupt.
That or buy the hell out of these shorted cheap shares, IMO, this is Friday option f@ckery, let them play! I'm still building a position in AG, I'm doing it by selling puts. Silver is up ~1.5% today, while they have taken AG down.
I have my opinion on who "they" is, we'll see. AG is selling at a discount to Silver as I type. GL
Perhaps you bought your call from Mudrick. I'm not sure if this was posted, if so, sorry. I wasn't on board yesterday. It seems, Mudrick got real real greedy, and it cost them, DEARLY.
https://finance.yahoo.com/news/mudrick-amc-bet-backfires-meme-221912972.html
here's what happened to the Greedy Fools, they underestimated their stock dump, Apes beat them like fleas.
Mudrick’s AMC Bet Backfires After Meme Frenzy Wrecks Hedges
Katherine Doherty
Fri, June 11, 2021, 6:19 PM
(Bloomberg) -- After weeks of profiting from the stock and debt of AMC Entertainment Holdings Inc., hedge fund Mudrick Capital Management ended up with a 5.4% loss after a derivatives bet went haywire.
The fund, which specializes in distressed debt, suffered the losses on AMC after day traders pushed the movie theater’s shares up as much as 127% on a single day, derailing call options Mudrick had sold on AMC shares to hedge exposure to the company, according to a person with knowledge of the matter. The Wall Street Journal earlier reported on the losses.
Up until the improbable surge in AMC’s shares, the firm founded by Jason Mudrick had been among the big winners on AMC securities after the hedge fund agreed to help keep the cinema chain afloat last year by committing to buy new debt issued by the company. That and other AMC positions helped the fund reap almost $200 million in gains in January, Bloomberg News previously reported. Then the firm bought about $230 million of new shares from the company in a deal announced June 1, shares it quickly flipped to day traders and other AMC enthusiasts for another profit.
But that’s when things started to unravel.
To protect the firm’s holdings from a market plunge, Mudrick sold call options that gave other investors the right to buy shares from him at pre-set levels -- most of which were at $40 or more -- well above any price at which the shares had ever traded.
As AMC’s stock surged June 2 in its Reddit-fueled frenzy, the price suddenly blasted past the prices at which the fund’s counterparties could cash in on the call options, the person said. The hedges ended up losing 10%, causing the net loss of 5.4%.
A representative for Mudrick declined to comment.
Shedding Risk
Mudrick no longer has exposure to AMC after unwinding all of its debt, stock and derivatives bets. The firm is still up between 12% and 14% for the year, the person said.
A risk committee for Mudrick Capital met virtually on the night of June 1 and decided to exit all debt and derivative positions the following day, the person said. Mudrick sold about a third of its exposure before the stock surged even further on June 2 and was fully out by that afternoon. The firm sold its 15% first-lien bonds in the theater chain for 121 cents on the dollar, the person added.
But the trade’s unwind didn’t come soon enough. AMC shares surged past $40 to reach as high as $72.62, blowing up the firm’s short position and effectively unraveling what had looked like a winning bet.
AMC shares have soared more than 2,200% this year, and debt holders have also benefited from the rally. The company’s bonds due 2026 that were trading as low as 5 cents on the dollar in November now change hands above face value, according to Trace.
While ultimately handing Mudrick a loss, the meme stock frenzy helped AMC earn a credit upgrade from S&P Global Ratings after the company was able to raise hundreds of millions of dollars from share sales.
Mudrick’s flagship fund rose about 12% in 2020, making much of its money in the fourth quarter of last year, Bloomberg previously reported. The firm manages around $3.5 billion.
101,when you sell Puts, you are selling the promise to buy shares at a set price.
This is very bullish for a stock. I sold puts that right now are in the money, meaning, the ones I sold have a higher price then current market price. If we close today lower than 55 to 60 dollars, I will be paying for those shares when they are delivered to me, plus the MMers have to come up with those shares.
Now, if somehow, we close above $60.01, all the puts that I sold will have expired worthless, and I get to keep someone else's money. I'd be happy, but I don't see that happening today.
AMC stock will stay in Russell 2000, skewing the top: At the Open. AMC Entertainment (NYSE:AMC) will remain the top-weighted stock in the Russell 2000 (RTY) (NYSEARCA:IWM) when the index rebalances on June 25.3 days ago
Google
Russell 2000 Stocks List 2021: FKnol.com
https://fknol.com › ... › 2021 Performance
Company (Ticker)Sort? Market CapSort? %YTD GainsSort? Stock PriceSort?
1) AMC Entertainment (AMC) $28.23 billion 2494.34% $55.00
2) Gamestop (GME) $19.82 billion 1386.25% $280.01
3) Plug Power (PLUG) $18.67 billion -3.13% $32.85
View 98 more rows
Really, what is it with that chit?
The Dude is talking like a young NBA player that doesn't even know who the Great Clyde Frasier is!
Let them talk.
With Babba, he's love Crammer, he'd have funny things to say to Crammer, just imagine!
007, there's no Mr. in Slim, although AA made him an above average guy.
thanks, got it now
Dip, that's true at TDAmeritrade, too. I don't understand your comment about price decline, smooth brain, I guess.
Well said, but you still need your sleep. Very well said!
Patience is always true, it's doubly true when you're up against some crooked HF that's printing counterfeit shares faster than Powell can print dollars.
I believe they were buying, HF's were selling as they had been. I wanted to believe this was going ot be a reversal, it wasn't.
The day isn't over, Lcbm was right the last time, I haven't seen Lcbm around last week, not sure I'm following what you are saying.
I'm hodling, tomorrow will tell the tale, at least for me. GL
Yes, is the easy answer to your question.
When is the second part of your question, that answer isn't so easy.
I am, thank God my wife is at my daughter's house, I believe she'd blow this whole damn thing up!
Someday, I hope to explain, but it's all Campbell's fault, no one is eating enough soup! Here or there!
SEC is making sure that the HF's do not get a margin call, but Ameritrade is going to be giving me one.
Gary Gensler came from Goldman, he's as useless as Cramer, another CHump from Goldman
They are still printing shares, there's no squeeze until the presses stop.
I've learned, Apes aren't measured by size, it's all about heart.
Hodl and be strong, big or little.
10:50 EST, they are throwing it now, cheaper tickets then I bought.
Bio has me believing, plus, while you're right that it doesn't matter one way or the other, I was right, Bio, unknowingly confirmed.
I also got on board before you at 07:44:42 EST, think my ticket cost more, but you know, men never listen!
Hodl, I do have Patience, also happy to see you again, my friend.
Furthermore, I believe that the hedge funds that are short the stock are writing call options on that said stock that are really way out of the money, so aren't even real to begin with. But, overall, I agree with what you wrote.
IMO, That's why AMC options when to 145
That's why they were at 40 when we were trading in single digits.
However, with Apes buying and hodling, these calls do get ITM, causing serious troubles for the HF's.
Which is exactly why the Apes are raising up, we are not buying AMC shares, we are taking back the streets of America.
Enough is enough
Learn to sell Puts, but have the money to buy the shares if Put to you.
Buying Calls is very iffy, more so, when you're working against a Printing Press!
Well said, I agree
How can the SEC avoid being on the bad end? If there's truly billions of outstanding shares, someone hasn't been doing their job!