Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
HEADS UP! After hours movement...
IMO/NFA
"Barbie opening-day box office clobbers The Batman , Spider-Man , and Guardians of the Galaxy"
Ref: https://www.yahoo.com/entertainment/barbie-opening-day-box-office-150716013.html
Boom.
Tick Tock!
IMO/NFA
Hilarious!!! Barbenheimer contemplation...
Oh! And day 19 on RegSHO Threshold List... So much for not exceeding 13 days. Hmmmm.
Tick Tock!
IMO/NFA
FACT-Sound of Freedom crosses $100M at box office. Standing by for Barbenheimer results next.
Ref: https://deadline.com/2023/07/sound-of-freedom-jim-caviezel-box-office-100m-1235443028/
Tick Tock!
IMO/NFA
Day 18...again...Anyone have proof of life from the SEC/FINRA lately?
Tick Tock!
IMO/NFA
Barbenheimer!
"I've been in the business of tracking and analyzing box office trends and movies for 30 years now, and I've never quite seen anything like this," Paul Dergarabedian, senior media analyst at Comscore, told IGN.
Ref: https://www.ign.com/articles/ive-never-seen-anything-like-this-why-barbenheimer-has-box-office-analysts-reeling
Great and fun read! Viral support for movie theaters!
Tick Tock!
IMO/NFA
Earnings forecast looks to be within reach of some spicy surprises... Definitely heading in the right direction. Maybe those leaner, meaner, business growing and diversifying decisions seem to be working...? Hmmmm. Now imagine if it goes positive as a market beat surprise...
Source: Google
Tick Tock!
IMO/NFA
RegSHO day 16...
Maybe it's groundhog day and 15 again...well whatever it is, it's more than 13 and regulators have failed everyone...again.
I have my popcorn, this chair, and all the patience in the world to watch this dumpster-fire of a market slowly burn, so there is that.
No cell, no sell. Tick Tock!
IMO/NFA
I just gaze and am amazed at that FTD tsunami wave building... failures are raising the entire tide rather than ripples here and there. Nothing quite like those naked, fake, tokenized, synthetic, fiat, in-street-name stocks eh? Someone will have fun getting thru the excess fake before even touching the underlying real.
"The average number of FTDs per day for June 2023 is 4,900,232." O.O!
I'm betting RegSHO didn't have this scenario or intention in mind when they wrote they reg to "stop FTDs"...ROFL!
ref: https://chartexchange.com/symbol/nyse-amc/failure-to-deliver/
Tick Tock!
IMO/NFA
‘Mission: Impossible – Dead Reckoning Part One’ Sets Franchise 5-Day U.S. Opening Record With $80M – Late Saturday Box Office Update
Ref: https://deadline.com/2023/07/mission-impossible-dead-reckoning-tom-cruise-box-office-opening-1235439165/
"Facts are facts, and Paramount/Skydance’s Mission: Impossible – Dead Reckoning Part One set a 5-day opening domestic record for the franchise with $80M, we hear. "
Setting more records that we like to hear!
IMO/NFA
"Credit Suisse inquiry to keep files secret for 50 years". Ref: https://news.investorturf.com/credit-suisse-inquiry-to-keep-files-secret-for-50-years
What a weird way of saying in layman's translation-"the thing that killed Credit Suisse, and is sitting at UBS now, is soooo big that we want everyone involved to die first rather than face accountability for their actions, because it'll take down financial centers if the public knows what we did." Hmmmm?
Straight from the story, "During its first regular meeting in Bern, the committee stressed the confidentiality of its proceedings, which may include interviews with bankers. "Everyone involved, including the commission members and interviewees, must maintain secrecy. Leaks could complicate our work, damage our credibility, and harm the Swiss financial center," the committee emphasized."
Wow! Just how bad and corrupt did the participants (and regulators?) get?!? Maybe a few too many strategic abusive naked shorts out there in AMC/GME?
Hmmmm.
ps. BuT i'M sUrE iT wAs AlL lEgAl.../S ROFL!
Tick tock!
IMO/NFA
Day 15 on RegSHO. Too bad there isn't a regulation, or oversight, or enforcement to be found in the corruption...
No cell, no sell. Tick Tock!
IMO/NFA
We can all tell how legal it all is by the number of fines issued, the bonuses paid to whistleblowers as a percentage of harm, and the guarantees sought by banks that have to take over for others due to liabilities into the billions... Oh and the bankruptcies of hedge funds doing everything legal-like./s Hmmm?
Tick Tock!
IMO/NFA
"First They Ignore You, Then They Laugh at You, Then They Attack You, Then You Win"
Seems we're combining steps 2 and 3, but that's good...it'll get us to step 4 faster.
Did everyone see the absolute and total hack job of desperation the FUDsters tried to fling at the wall? LOL! Literally ANYTHING to get people to sell shares now it seems. Thankfully it was shot down FAST as everyone has become fearless to the misinformation campaigns.
Ref: https://www.reddit.com/r/amcstock/comments/14ycz2k/the_fud_is_just_laughable/
Also, DTC of 10! Hmmmm.
Short interest of ~29%
Shares on loan ~180M
RegSHO...again
FTDs in massive amounts
1,000%+ cost to borrow
OBV flat for year+
95% off exchange yesterday after hours for APE and 1000% volume boost
Oh yeah, very spicy!
Tick Tock...
Have a nice day.
IMO/NFA
"HYCROFT TAKES ACTION TO PROTECT SHAREHOLDERS AGAINST POTENTIALLY ILLEGAL TRADING ACTIVITIES"
Ref: https://www.hycroftmining.com/investors/news/hycroft-takes-action-to-protect-shareholders-against-potentially-illegal-trading-activities
Time for lengthy prison sentences and excessive fines for the RegSHO abusers, naked shorters, and their ilk... Fixing the corruption is long overdue. Sounds like there is a whole auditing anti-corruption industry popping up (Wes Christian, ShareIntel, Dr Susanne Trimbath, et al) just because the problems have become too common and undeniable anymore. More power too them.
IMO/NFA
I expect language in the ruling of something along the line of "Settlement is approved to be enacted as soon as feasible by company/issuing agent" or some such terms that places the burden of the rescheduling back on defendants. If the case is dismissed with prejudice it can happen FAST though. If it's not, then there will be a concerted effort to drag this out for as long as possible; but certainly 30-60 days after ruling is not out of the question as a max.
Just in my opinion though.
IMO/NFA
SITREP. Just a few things I've noticed from the big picture... :-P
1. ~200M shares on loan
2. Short interest ~25%
3. Days to Cover ~9
4. Back on the RegSHO Threshold list
5. FTDs continue in massive amounts (way above Amazon+Apple+Berkshire Hathaway+Google+Microsoft COMBINED as ref)
6. 100% Utilization for months/years now
7. Costs to borrow regularly in hundreds of percent
8. AMC bag popcorn and microwave popcorn is released in stores finally and (if you can find it) is GREAT! I have some here watching the show unfold.
9. Banks telegraphing losses that may exceed $16B to unwind sold, not yet purchased liabilities.
10. More regulatory rules passed by SEC since 2021 addressing bad actors and roles/responsibilites of who pays when bad actors go bankrupt and can't cover their bills.
11. Weekly OBV showing an absolutely amazing stable and overall HODLing investor base since 2021! Doesn’t matter if price goes to a dollar if no one is willing to sell below $100; just a bunch of algo trading lately.
12. Company showing consistent debt reduction/mitigation and very close to going net positive.
13. HF's continue or increase restrictions in allowable withdrawals.
14. Added scrutiny of SEC/DTC/DTCC/CTFC/FINRA/FINTEL and regulatory system as a whole with regards to naked shorting, corruption, manipulation, sloppy controls, ineffective fines, etc has generated sanitizing interest by the public. Situation actually worse for obscurity-loving criminals with a lot more new eyes and scrutiny being put on this subject because of the release of Gamestopped, Apes Together Strong, Dumb Money, the general meme movement, etc.
15. Actual bank failures occurred and judging from CDS ratings are not finished yet.
16. Determination of whether tokens were abused and/or falsely misused as locates ongoing. FTX unwinding pending.
17. The unwinding of several short positions still yet to occur (CS/Archegos/UBS/SHFs/absorbed positions/obligation warehouse/etc)
18. Court date 29-30 Jun 2023 for resolution of issuing new security by combining AMC/APE. (If plaintiff even has standing). This week!
19. Drastic reduction in number of shares available to borrow in recent weeks.
20. 75%+ off exchange, 65%+ short interest, and numerous barcoding days noted.
21. Renewed sentiment of "holding no matter how low the price goes, in fact buying more to increase position" within community.
22. Government picking and choosing winners and losers through selective enforcement…or at least extremely diluted and delayed enforcement to the tune of years and years after criminal event.
And on and on and on...
Side note-At least all the “smart money” posts and the “you’ll never see the HFs/banks affected, they have too much money” and “too big to fail” and “HFs/Banks are invincible” posts have disappeared after Melvin, Credit Suisse, Archegos, Evergrande, First Republic, Signature Bank, and lately now Sequoia getting bailed out after SVB. I’m just waiting for UBS, DB, Barclays, Nomura, and other high Credit Default Swap rating banks to unwind risk and see what happens…
The titans have found out they are vulnerable to the mortals…
FAFO! Tick Tock!
All IMO/NFA
22x-33x bigger waivers than Robinhood??? I want to know when is the no-waiver enforcement of Instinet going into effect?
"TL;DR: This proves everyone right. It makes Robinhood a bit player, and puts the DTCC and a massive, private alternate exchange doing block trades for hedge funds in the hot seat because the DTCC can no longer fall back on THEIR SOLE REASON (given many times at the congressional hearing) for allowing the Multi-broker PCO: Unpredictable Volatility. Why? Well, if they were giving instinet ECP waivers, Massive Risk Warnings, for 2 years at 22 times what they gave Robinhood. There's no argument. No one talks about this. No one, and it is by far the best evidence, congressionally backed, that we have of real collusion and manipulation."
Yeah...I think I'll just continue HODLing for the long term, thanks.
Ref: https://www.reddit.com/r/amcstock/comments/14hvdpb/interesting_bad_memestock_bets_causing_market/
IMO/NFA
Annnnnd there it is. Back on RegSHO list. Next two weeks about to get spicy.
IMO/NFA
When retail holds Wall Street accountable to their own game... Side note-108k views in 7 hours!?! Wow, lots of eyes on the problem now!
If they remove the check and balance that is provided by Congress on budget and debt issues, by design I might add, and if they manage to (if successful) rely only on the 14th amendment instead, then what good will Congress be? When would Congress EVER do anything into the future except spend the nation into oblivion if the budget constraints get yanked away?
...Especially if there's a President that is nothing more than a rubber stamp of approval regardless of the harm created?
Seems rather harmful, dangerous... and cause more Puts on America if you catch my drift.
IMO/NFA
If you, or anyone else, are interested... here's the Federal Reserve briefing materials that show that 722 bank reference. Slides 6 and 7 are the meat & potatoes of what the reports are talking about. I found it doing a search of the federalreserve.gov site. It was marked RESTRICTED FR // FRSONLY, but bottom indicates they had a scheduled release to the public with "BOG-FRS - Public Release, April 2023". It's just now unfurling into general market consumption... so they knew about this, and briefed on this subject, in Feb! Interesting...
The rest just backs up the hypothesis that this is just the beginning...
https://www.federalreserve.gov/supervisionreg/files/board-briefing-on-impact-of-rising-interest-rates-and-supervisory-approach-20230214.pdf
IMO/NFA
Agreed! Visions of Harry Markopolos's Congressional testimony against the SEC comes to mind.
This would be yet another time that a major crash happens and the problems were foreseen well in advance, the warnings were handed to the SEC on a silver platter, this time by the apes, and the problems/enforcement failed to correct.
In my opinion, if there is yet another need to rake the SEC over the coals in front of Congress again... this will go beyond a "we're not happy with you so we're going to fire you Gensler and replace you". Instead, this will be a total scrap and rebuild of the SEC as an organization because it's a failed oversight & regulation entity as a whole. Imagine having a baseball game being umpired by people that are less saavy than the players and the only way the umps know what's going on is to corner players and pay them money (whistleblowers) to explain what's going on... "What??? You mean if a player accrues 4 balls they get to take a base EVEN IF THEY DIDN'T HIT THE BALL?!? Time to reduce the strike zone!" ROFL!
And everything is all after-the-fact in after-action reports rather than proactive prevention of problems such as following rules/laws by NOT issuing waivers (for collateral deposits for example).
And that's before we even get into accusations of regulators being complicit through malfeasance, misfeasance, and nonfeasance, and/or biases toward teams, and/or ineffective powerless fines even if they do attempt actions!
Let's just hope that sunlight is the best disinfectant and transparency will bring justice to where it's needed in the markets in order to survive and improve. Otherwise, let it all burn down and watch the evil consume itself making for a helluva show, I guess. Maybe something good will still come out of the rubble.
IMO/NFA
"This is armageddon. You know, this is Mad Max territory." "Maybe there is a higher risk that these money market funds are seeing." Uhhhh, ok.
So bank unwindings? Foreign intervention? Enforcement action? SHF dissolving? Anyone holding collateral in 1M T-Bills? I don't mess with this area much, but seems a massive sell is going to lend itself to even more volatility in the short term for the market in general (incl AMC/GME)... welcome to the chaos/corruption that is the financial & stock markets I guess...
Hmmmm.
CNBC link= https://www.cnbc.com/quotes/US1M
IMO/NFA
"Hedge Fund Billionaire Carl Icahn Lost Over $6 Billion Yesterday"
Ref: https://www.forbes.com/sites/johnhyatt/2023/05/03/hedge-fund-billionaire-carl-icahn-lost-over-6-billion-yesterday/
Are the SHFs turning on each other now? This show is heating up with the inevitable plot twist apparently.
IMO/NFA
"U.S. bankers urge SEC to probe short sales, reduce 'abusive' trading".
IT'S ABOUT FRICKIN TIME! Retail has only been calling for that loudly for over 2 years...hell, decades actually! Welcome to the AMC/GME/ape party. Seems when it affected retail it was all meh; apparently it has to affect them (banks/MMs/SHF/FINRA/SEC/etc) before anything is actually done about it unfortunately... so be it. Sounds like 2008/09 got stuck on replay.
Source: https://www.reuters.com/markets/us/us-bankers-urge-sec-probe-short-sales-reduce-abusive-trading-2023-05-05/
"ABA President and CEO Rob Nichols told Gensler that short selling could be a legitimate financial tool, but his group was "unalterably opposed to short selling practices that distort the markets through manipulation and abuse."
He called on Gensler to send a clear message to market players and take appropriate enforcement action against market manipulation and other abusive short selling practices.
"The harm caused by short selling that runs counter to economic fundamentals ultimately falls on small investors, who see value destroyed by others’ predatory behavior," he said."
Time to smack the hammer of justice and transparency down hard and fix it. SEC should start with those that are abusing and manipulating the intent of the system through abusive strategic shorting...and willful broker/press distortions while at it.
ie. besides the latest Robinhood bankruptcy debacle, take a look at: (AFTER market???!!!???) Once again someone's lying...I wonder who, and why...
Ref: https://www.reddit.com/r/amcstock/comments/1389ffe/no_its_not_its_before_market_open_cashapp_like/
Everyone with different data showing, multiple different market caps, suspect reporting, non-matching OS's between brokers, and on and on. Turn off dark pools...completely. Turn off shorting completely. Even if only temporarily for 6-12 months for proper market price discovery to work and re-balance what has been thrown off through suppression/pumps. Watch the fugly corruption get pushed out of the system when the lights (spotlights/searchlights) turn on. After all, if there isn't anything to hide, why worry about it because nothing will happen and the price is right...right?!?
The engine overheated a long time ago, the light is on and flashing, and it requires a transparency rebuild before the car dies completely... or maybe that's their plan. Hmmm.
IMO/NFA
Anyone else noticing that recently the Shares on Loan number is pulling back (from 200M to 173M) while short % is stably high? Gives the impression that lenders are seeing the writing on the wall and pulling their shares back...and in the process tightening the box walls on the shorts even more. I wonder what happens when the shares loaned # matches the shares shorted and the loaned shares continue being recalled? Hmmm...
IMO/NFA
IKR!?! Say it isn't so. LMAO! Thank goodness they're on the case...now...finally... Seems SEC only cares when it affects them. Maybe if they actually enacted the mentioned short selling ban across all securities then, and only then, will we see some level of manipulation reduction.
IMO/NFA
Interesting... "Shares of Western Alliance halted -- company says it is not up for sale. -- I presume this will be the company denying problems"
Ref: https://www.forexlive.com/news/shares-of-western-alliance-halted-for-news-pending-20230504/
Hey, didn't Citadel take a stake in WAL back in mid March? You don't suppose they are... Hmmm. Nah, that would never happen, nevermind. LOL!
We now return you to your regularly scheduled AMC show.
IMO/NFA
Edit: Yup, found it. ref: https://money.usnews.com/investing/news/articles/2023-03-14/citadel-discloses-5-stake-in-western-alliance-amid-sell-off
Hindsight put it in better perspective too.
Indicators...
"When there is a lot of demand for borrowing a stock, lending fees naturally increase."
and
"At last check, AMC's borrow fees were 177% annualized. On April 13, about 26.55% of AMC's float was being held short. So far in 2023, short sellers have lost about $417 million on their short positions."
ref: https://www.thestreet.com/memestocks/amc/amc-aprils-most-profitable-stock-for-lenders-what-does-that-mean
and how's that OBV looking? Oh, it's ticking up! People are HODLing through thick and thin.
ref: https://schrts.co/KUTnTXQr
Looks like the effort to push that beachball underwater is getting weaker to keep it there (or maybe just audience ineffective) and now it's wobbling... Hmmm.
IMO/NFA
AMC fightin back.
Ref: https://www.reddit.com/r/amcstock/comments/1350w4t/aa_is_on_fire_today/
IMO/NFA
1. Stock being manipulated down during period of KNOWN break in revenue.
2. Because they are in the middle of a two-year break in mining for purposes of surveying and exploratory drilling which they are now in phase 2 of. This break had been planned, and announced, and advertised, and updated, and ongoing. Might I suggest alittle more DD would help you by reading their website docs...?
3. They stopped and are looking for the next, best, most efficient spot(s) to start up operations again rather than just shooting an arrow into the sky and digging where it lands, or witching rods, or dowsing, or doodlebugging, or voodoo...
I'm not "pumping", but looking at it from a realistic view FWIW. But you do you.
IMO/NFA
My understanding is that AMC and the plaintiffs tried to do electronic notifications (to avoid postal costs) but the court ordered a direct company-to-shareholder mailing to all beneficial shareholders. So that implies a snapshot date of record (provided by streetname brokers/custodians+DRS computershare) which is at least 3.8+Million postcards (sending the shareholders to a site with more info/vote???idk what text will be), so that the 516M AMC shares are all notified/covered.
Watching this unfold now...
IMO/NFA
Incoming date of record and snapshot of all beneficial owners of the stock so they can send 3.8+M postcards...hopefully with the associated number of shares tabulated also for voting integrity reasons.
From the court doc update today..."As set forth in the Scheduling Order, Strategic Claims Services (the “Notice Administrator”) will request information from nominees and custodians in order for the post card notice to generally be provided to beneficial holders of AMC stock by May 24, 2023."
Ref: https://www.docketalarm.com/cases/Delaware_State_Court_of_Chancery/2023-0215/IN_RE_AMC_ENTERTAINMENT_HOLDINGS_INC._STOCKHOLDER_LITIGATION/91650751/
I guess we will see how the total count stacks up and find out who is/isn't beneficial shareholders. Might even be able to calculate how many times shares were loaned too... Hmmm.
IMO/NFA
"The Super Mario Bros Movie is the first film in 2023 to cross the $1 billion mark"
Ref: https://www.thenationalnews.com/arts-culture/film-tv/2023/05/01/the-super-mario-bros-movie-is-the-first-film-in-2023-to-cross-the-1-billion-mark/
IMO/NFA
And the good news just keeps rolling in for AMC...
Hycroft this morning:
"Cash Position: The Company ended the first quarter of 2023 with $132 million of unrestricted cash, $34 million of restricted cash, and in compliance with debt covenants."
"HYCROFT LAUNCHES PHASE 2 DRILLING"
"The 2023 Hycroft TRS included measured and indicated mineral resources of 10.6 million ounces of gold and 360.7 million ounces of silver (15.2 million gold equivalent ounces) and inferred mineral resources of 3.4 million ounces of gold and 96.1 million ounces of silver (4.6 million gold equivalent ounces)"
Ref: https://finance.yahoo.com/news/hycroft-provides-first-quarter-2023-123000846.html
Ref: https://finance.yahoo.com/news/hycroft-launches-phase-2-drilling-130000622.html
There's gold in them thar AMCs! LOL!
IMO/NFA
"Shorts are ducked." LOL! AA in person at Las Vegas meeting...
Ref Link=https://www.youtube.com/watch?v=cYSmB_wzjzM see below inset. {8:15} {6:40}
IMO/NFA