IO just knew we'd loose $50. I left the room. Came back...BAAAM, APES did it!!!!!!!!!!!

We are on our way!

$50 is gone! But it is a battle! DAMN IT!!!!

You don't have to listen to me. I am just hoping we pass 50+ today and pointing out that the low volume might work against us.

But the price is rising again from 50.46 to 5.72. I hope we can maintain.

True.... but apes really need to see $50+ today!!!

We just lost $51...we need to volume to increase to hold $50.

COME ON AMC....

Apes need to start buying now until after hours or $50 will not hold. We are about to loose $51.

If this is true.....there is no help for the hedgies.

Yes it does look very good and has held firm at $51. I am concerned, however, the hedgies will attempt to push it down below $50 during the power-hour. THEY DO NOT WANT THE PPS TO CLOSE ABOVE $50 TODAY.

The open interest (according to barchart.com) for options with 45 - 51 strikes is 8,019,400 shares. God help the shorts if this moves significantly higher during the power-hour.



BUT... The volume is just too low for this to hold...imho.

Don't get too excited, folks, volume may be too low to keep the pps above $50.

But...it is rather exciting to watch this breakout!!!


Goooooooooooo AMC!!!!

Yes! I hope AMC wins the battle for $50 and beyond.

Crazy that anyone-- even those who have an axe to grind-- to not be ecstatic about a legitimate treatment for the deadliest cancer.

go figure.

But he knows "damn well" we won't get results in 2021! I bet he was pounding on his desk when he wrote the post, lol.

WTF Ex?!? You know this how? LMAO.

Thanks for the reply. I get it.

But...it is way better than health care here, with better results...trust me.

Boneride, what is the basis of 13.5 billion fakes? Can we really know the number of naked/synthetic shares? By the way, I am not refuting your claim...just seeking to understand.

Martha Stewart went to jail, right. lol.

Perhaps, but hedgies will throw everything including the kitchen sink in their efforts to get the pps down by cob Friday.

Sometimes a good fight is necessary for change to occur.

Hear! Hear!

I thought the UK had universal care?

Do you think you can provide a link to the bill? Sounds BS to me...but I could be wrong.

Exactly!!!

https://www.linkedin.com/pulse/why-tony-kim?trk=portfolio_article-card_title

By Tony Kim
Financial Analyst, Strategic Initiatives
Util-Assist Inc

Occam's Razor

When faced with two opposing explanations for the same set of evidence, our minds will naturally prefer the explanation that makes the fewest assumptions.

Why?

The DTCC is the largest security depository in the world, having processed $2.15Q (quadrillion) in securities in 2019.

On July 22, 2021, the DTCC published SR-NSCC-2021-010. This filing sets out the procedures for short sellers to exchange securities for a cash loan to meet collateral calls in the event of a default. In doing so, its members can avoid a "fire sale" scenario.

It begs the question: Why would the largest security depository in the world take steps to shield the market against a fire sale borne by short positions if the threat of such an event wasn't real?

Why are these safeguards necessary at all?

Because I was told that meme stocks such as $AMC and $GME were just elaborate pump-and-dump internet scams. That only an idiot would blindly hop on the social media-driven speculation bandwagon headed for certain financial ruin. That there's no fundamental basis for investing in a dying brick-and-mortar video game retailer and movie theatre chain in the wake of digital transformation. That the stock market has become gamified like a casino. That "naked short selling" happens, but not at the scale retail thinks it is. That "dark pool abuse" is just a wild conspiracy theory propagated by tin foil hats that don't understand basic market mechanics. That "dumb money" does not have the intellectual capacity or resources to develop an edge in the market.

Could it be that +5 million individuals worldwide are gullible enough to sponsor the greatest misinformation campaign ever concocted, orchestrating via the internet the biggest dead cat bounce of all time? Or could it be that a few bad actors got greedy, careless, and found themselves overexposed on the wrong side of a trade with an infinite downside.

The simplest explanation is usually the correct one.

---

Two excerpts from the latest DTCC filing below:

1) Why would such specific default conditions be stipulated if there was no risk of these conditions ever being realized?



2) Why would the DTCC take steps to reduce the potential for market disruption from fire sales if there wasn't a material risk of such an event?



3) Are these loaded questions, or did the cow actually jump over the moon?

Source: SR-NSCC-2021-010

They should have waited...lol.

LMAO.....

Lol.

Thx. I'll check him out.

Who is lou?

Thanks Rocco2. Great info in the video. I wonder if the hedgies will have time to play since oats reporting is ending while CATS, its replacement, won't be fully implemented until Dec.

Hopefully enough of CATS is implemented to stall the games hedgies have been playing for so long.

Most people would choose "I" or "J".

But those who die, would not die in vain. Once their family members found out that a viable, though unaffordable, treatment was available, they would hit the airwaves with sensational accounts about how their square-jawed, blond, patriot, purple-heart father put his life on the line for this country but was abandoned and left him to die while a PUBLIC, TAX-FUNDED UNIVERSITY CREATED A CURE THAT THIS HERO COULDN'T AFFORD!!!!

After a few hundred shows about America abandoning the-least-of-these cancer patients and politicians getting the beatdown in town hall meetings, DCVAX will become avail to all (assuming it wouldn't immediately after approval).

Does this mean hedgies can do whatever they want (short as many naked short shares as they want) without any consequences from the SEC... as they have been doing since forever?

https://www.finra.org/rules-guidance/notices/21-21

Vanguard purchased 42 million AMC shares!!!! How is possible:

Correct, I think fear is THE cause of many of today's issues. Whatever happens to NWBO, fear shouldn't be a factor. Most of have in this long enough to have average down to take some risk off the table to eliminate/reduce fear.

Yep. I always say Technology is great... as long as it works right. In this case those algorithms that made them so much money through the years may have screwed them!

And no offense taken. GLTY and all Apes.

If we are America, why were we prevented from buying GME & AMC when the squeeze was occurring (stock was @ 72; hedgies were about to jump out of windows)?

Wall-street think THEY are America. Why do you think they have been robbing us blind in the light of day for numerous decades?

Well, I don't specify dates or actual stock price predictions. I was looking at the similarities between AMC and Tesla, supporting a possible uptrend. Whether it goes up to $110, $1000 or $5,000 is anyone's guess.

One thing I am certain: America will NOT let approx 5 million retail traders become overnight multi-millionaires via AMC. You can bank on that. The Government, despite all of the talk of the SEC chairman, will land the plan in hedgie's favor and retail's detriment.

But...I have a small bet on AMC just in case forces the government can't control cause all hell to break loose. It could happen.

I couldn't agree more.

Can anyone else see the similarities between AMC and Tesla stock charts below???? Uncanny!



..courtesy of You-tuber Stock Wallet,

Correct. Ex knows it.

Value investor Joel Greenblatt slashed his GameStop and AMC stakes before the meme-stock boom, missing out on a potential $400 million windfall

https://flipboard.com/@BusinessInsider/value-investor-joel-greenblatt-slashed-his-gamestop-and-amc-stakes-before-the-me/a-rU8irpMiTgaGMB_FBSEDaA%3Aa%3A48159484-7883be7a1f%2Fbusinessinsider.com

Don't know what will happen tomorrow and beyond... but today was a good day. Apes at this moment seem to be the smartest investors in the room.