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The pop won’t last long though
Produce the calculations, had a rough weekend betting football, could use a good laugh
6-6 in the playoffs, need to hit the SB to break .500
Yes and yes, and thank goodness for the capitol officer that took out that traitor climbing through the window
The kompromat exists
Wonder if Truth Social will allow posting of the piss tape
If that’s the new standard, pretty hopeless here
Why does that matter though? Who is he? He’s insignificant
That cost to borrow is reasonable given the volatility. No problem holding for a few days at that rate when it slides $10 per share in a session or two
It’ll work out well for shorts because Donny and Devin are a couple of idiots
Dollar yet?
It’s going to pop a little next week, technicals indicate that much. If he’s in, it’s for a swing. Don’t get fooled
It was a dying business before Covid, then the theaters had to shut down, the blood was in the water, they were right to drive it into the ground. They got pinched by retail manipulation and paid the price for it. Now they’re waiting for the business to collapse in on itself from the crushing weight of debt that it cannot reasonably service. Either way it ends the same, just a few years later than originally intended
There’s no such thing as a justice play, that’s foolishness. Whoever got burned on the way up in the first place are the only ones that are ever going to feel your justice.
Wrong, it’s overvalued because retail traders manipulated the price
It most certainly does, there’s more than enough daily average volume to progressively cover. The days of hundreds of millions in volume are long gone and they were the outlier. There is plenty of dollar volume daily to sneak out of a position
Bang bang
Winner on both
$$$$$$$$$$
Free money
Covering does not happen in a vacuum, it’s gradual in the absence of an upside catalyst, which AMC will not be able to produce again. It drops, covering happens, subsequent pops are shorted again, and covered again on the next decline. Rinse and repeat. Example, shorts from 40 covered at 20, pops to 25, re-shorted and those 25s are covered at 18. So on and so forth. Profits are realized, borrow fees are minimized, and at the end of the bi-monthly reporting period, the short interest appears to hold steady, which makes people think the old 40 shorts are being held, when in reality they’ve been covered and shorted again several times since. Nobody is blindly holding a short position long term on meme trash, not after last spring
Good to hear, too many people gambling over their head
Fair valuation is likely somewhere around $5, the $2 COVID lows are not a good barometer, it’ll dance around on the $8 level only because it was such strong resistance on the way up, but after that, it’s done for good
It’s silliness, the “leaders” have all moved on, they’ve long sold while encouraging others to buy and hold. Same script, different actors, only difference is that this time it was via YouTube and not a penny stock newsletter. Countless Ape leaders have spun their newfound popularity into other ventures. This was an OTC pump on a larger scale
Retail trading as a group is a disaster, funds are different due to their size, they can move the markets, a bunch of retail folks can move a ticker for a while, but will always be crushed on account of their small comparative size
Weekly options expiry drives Friday action, it gets pinned wherever the majority of options will expire OTM
Every fund is comprised of individuals, whether it be solo, or on behalf of pension funds etc, so I’m not sure what the question is. Also, if a pension fund i oversaw was being deployed on this bloated stock I would pull the money immediately. No fund manager worth his salt is dealing with meme stocks, the risk/reward isn’t there for it.
Not saying that a few whales can’t route their money through a fund to engage with this stock anonymously though, so in that respect I guess a fund would technically be repping those individuals.
But once anonymity is achieved, what can you really glean from the data? Maybe Fund 1 is long 5mil, but maybe it’s a smokescreen to bolster a false confidence because Fund 2 is the same individual waiting to short 10mil off the pop because everyone knows that even at $15 this thing is at least double or triple it’s rightful valuation
Pfffft, he knows better than anyone that the shareholders screwed themselves with that vote. He isn’t touching this on the open market
Sneaking in a NHL bet, reverse lock situation
CAPS +1.5 at DAL
also sprinkling the CAPS ML because I think they win outright
Being followed, or believed, or whatever means nothing to me, as I do not look to others to find self satisfaction. I made a LOT of trades this past spring/summer in AMC. Most were profitable, some were not. Of those that earned me money, 60% were shorts 40% were longs. I don’t care what direction anything goes because there’s money to be made either way. Too many people would rather be right than be profitable. I call it like I see it, and I posted my entries and exits in real time. It’s all in the history here. Just because I believe it still has way more to shed off doesn’t mean I hate AMC or “apes”, though I do believe trading as a group is an effing disaster waiting to happen, always. GL
It should be a statutory position
The term “investment firm” is incredibly vague. What reputable firms are buying and in what kind of numbers? Also, this overall market downtrend (which affects AMC due to indexing) will continue into the mid/late spring at least if you’re a believer of Gann cycles (I am). Last half of April is the trigger point. Death zone resistance on the 144 cycle is there. How the market deals with that will dictate how the rest of 2022 is going to go, but it looks ugly to me.
These cycles mean something, they always have
DJI CYCLES INTO 2022
20 yrs from 2002 Low = 2022
40 yrs from 1982 Low = 2022
60 yrs from 1962 Low = 2022
80 yrs from 1942 Low = 2022
90 yrs from 1932 Low = 2022
126 yrs from 1896 ATL = 2022
108 yrs from 1914 closing of the NYSE = 2022
Probably when it breaks the last real support at $8, it’s coming
Trading is not a group project, never has been, they capitalized on the elevated emotion and the fact that a large majority were first timers in order or enrich themselves. Sheep get sheared, pigs get slaughtered, the lone wolf always eats
In my almost 10 years here, I’ve always found it hilarious that people think iHub has any impact on big board stocks and that it would behoove anyone (long or short) to spend time here with an agenda. Nobody cares what the 40 people on this board do with their money
He’s been acting since the beginning
Love the favorites to cover this weekend
KC -7
LAR -3.5
It’s going back to test $8 sooner than later
Maximizing the pump, can’t crash it in a day, scares off new money. You gotta juice your mark a little at a time so they think you’re still on their side
It’s all 3, and the reason for the current situation here. It isn’t going to get better. They’re gonna have to print more shares to cover the interest on their debt, or they’re gonna have to file BK. Either way, it’s gonna keep going down
Fidelity make you buy and hold this anvil?
Take some time and check my history here from this past spring and summer. Nobody was more accurate, including this current situation that I called for back in August. Cheers to the write-offs
That is a LOT of typing just to be completely wrong
100%
They will need to issue more shares to satisfy the interest on the debt load….
Once they’ve issued all they can, BK is next