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.
I know right?!? It's like they thought the whack-a-mole game was one hit and done, started to walk away doing the victory dance and then GAH! ROFL!
IMO/NFA
So how long until the SEC-funded video warning about investing in meme-banks airs?
I mean they called out AMC&GME, but where's the FRC&CS&SVB&SB turnabout is fair play video? Hmmm?
IMO/NFA
Now maybe the judge can order a complete share recall/count while at it...
IMO/NFA
Meh, I can stay patient longer than shorts can stay solvent.
Just relax. I think I hear a jacuzzi calling my name, ahhhhh. LOL! What's that cost to borrow at again? Hmmm.
Tick Tock!
IMO/NFA
Guess who's back on the RegSHO list... Hmmm.
Tick Tock!
IMO/NFA
Oh! No I was referring to the Credit Default Swap rates... the cost of insurance against banks defaulting/failing. Not Certificates of Deposit... CS is sky high right now over 570 from what I see. Used to be able to look up the 5-yr CDS rates for banks on CNBC until they quietly removed it. I guess the market/public doesn't get transparency anymore...
:-P
Gotta log for awhile, enjoy the show! LOL
IMO/NFA
That helps explain the CDS rates volcano. The increase is amazing right now.
IMO/NFA
"Credit Suisse chairman says Silicon Valley Bank crisis looks ‘local and contained’" said Credit Suisse Chairman Axel Lehmann...As shares of his own bank plunge over 20% to all time lows and break below $1.92/share.
There's a meme just waiting to be created in there somewhere...
Source: https://www.cnbc.com/2023/03/15/credit-suisse-chairman-says-silicon-valley-bank-crisis-looks-contained.html
Tick tock.
IMO/NFA
Watching Credit Suisse this morning... I wonder if any AMC short collateral is there? Hmmm. It'll be Fed meeting on 22Mar and Evergrande on 20Mar too.
Tick Tock.
IMO/NFA
Exactly. Even if in "theory world" 100% of the volume is paperhands handing over their shares directly to shorters, we're still nowhere even near a close out. If they expected people running out of the exits...not enough ran out. They still have a room full of pissed off silverbacks. And we won't even talk about how far we are from the Shares on Loan figure. ROFL!
Tick Tock!
IMO/NFA
Wow, that reddit poll was closer on target than expected! So once the tantrum FUD folks and hysterical shills are done we'll see how this stabilizes for the structure change coming; still plenty of time before implementation. Til then, watching them rack up more FTDs and scraping the bottom of the barrel for shook paperhands.
Still here, still hodling, still munching the popcorn watching the show...keeping calm and carrying on.
Tick Tock!
IMO/NFA
And it's not even Monday! Seizing Sunday on tap. "Regulators seize Signature Bank in third-largest US bank failure"
Source: https://finance.yahoo.com/news/regulators-seize-signature-bank-in-third-largest-us-bank-failure-231404695.html
They aren't even waiting for the gate to open, they want to nip this before it's decided for them by the open market panic. Almost like they've had meetings on this very thing and we saw this coming...like in last November with the FDIC's Systemic Resolution Advisory Committee. The action even happened on a Friday just like they were hoping. Post#116136. Hmmm.
You've heard of Friday the 13th? Well, brace yourself for Monday the 13th...LOL!
IMO/NFA
Hopefully mandatory prison sentences for bank management are part of the deal any time when FDIC has to step in to clean up the messes created. And strip all personal assets from those that require taxpayer funds to bail out their bad business decisions due to greed. Time for hard accountability to be built into the system.
IMO/NFA
We'll know when it posts tonight. It doesn't come out until markets close...
It can be found here when it is released: https://www.nyse.com/regulation/threshold-securities
IMO/NFA
Yes. SIVB Halted on a T1. Just posted... "Silicon Valley Bank Financial in talks to sell itself after attempts to raise capital have failed, sources say" on CNBC.
Source: https://www.cnbc.com/2023/03/10/silicon-valley-bank-financial-in-talks-to-sell-itself-after-attempts-to-raise-capital-have-failed-sources-say.html
Can search halts at: https://www.nasdaqtrader.com/Trader.aspx?id=TradingHaltSearch and enter SIVB for symbol.
IMO/NFA
OK. So it sounds like we are working with the most current data available then already. Good. Barring anything new being presented or an updated poll, the previously linked poll is what we are left to base planning off of. Thanks.
That said, I'd agree with you that alot can change in 9 days. Heck, it sounds like banks can fail in 9 days.
And I also agree that polls are almost worthless...but then we add in the stances like the company releases and Antara's anticipated declared vote with their mountain of shares and so on...it seems to be a pretty strong case for "Yes" showing already before the "No's" even get out the gate. Just sayin'. Right now it "appears" to be a yes, but you do you and plan/bet accordingly to your style.
What appears to be even more important is that everyone VOTES, regardless of stance. Forget polling, real tangible numbers like share counts can come out of that kind of action...
In the meantime everyone keeps an eye out for updated info...and hope it's actually truthful, or at least 'more accurate' than the steaming pile of BS that's been fed to the market for decades now.
IMO/NFA
Oh, I didn't realize you had a more current poll. Please do. Well, go ahead...show us. Also on Reddit? Link? We all would like to see more current data...in the interest of transparency, right?
IMO/NFA
What poll where? There. What? What poll there. What castle there.
Just a movie reference to brighten everyone's day; seriously thought of this scene, LOL!
Anyway, post #118822 had link for poll. Stockman1010101 you even responded to it too, remember?
The days to cover, that already looks like a blazing red warning flag at over 5 days, will increase as a result of the tiny volume. Algos going to be choking on how to deal with that and dig out of the hole... Watch for flips imo.
Tick Tock!
IMO/NFA
And there goes Credit Suisse's CDS rate in a late night launch tonight... "Credit Suisse to delay its 2022 annual report after a ‘late call’ from the SEC"
Source CNBC Link-https://www.cnbc.com/2023/03/09/credit-suisse-to-delay-its-2022-annual-report-after-a-late-call-with-the-sec.html
A couple more i's to dot and t's to cross, right? But I'm sure it's nothing... /s
Just ripple effects incoming.
IMO/NFA
Wow, goodbye Silvergate... O.O! "Silvergate shutting down operations and liquidating bank."
CNBC Source-https://www.cnbc.com/2023/03/08/silvergate-shutting-down-operations-and-liquidating-bank.html
"Investment firms Citadel Securities and BlackRock recently took major stakes in Silvergate — 5.5% and 7%, respectively." Hmmm.
Another Source on same subject: https://finance.yahoo.com/news/silvergate-capital-will-liquidate-after-crypto-collapse-wipes-out-bank-220356639.html
IMO/NFA
It actually made it into print on MarketWatch?!? "AMC asks NYSE and FINRA to ‘look closely’ at the trading of its stock"
Link=MarketWatch Article
IMO/NFA
Are they finally ready to shut down dark pools and force trades to lit exchanges yet? Hmmm. Maybe enforcement is getting tired of the abuse...and the spotlight...and the scrutiny by the public that is going along with it.
IMO/NFA
Day 23 on the RegSHO threshold list... Tick tock!
Ignore list turned back on; I'm going to enjoy the zen without all the bear FUD noise and panic squealing.
Already voted and haven't gone anywhere in past 2 years...still in the green too, especially when adding in APE shares on top. So no pressure, no rush.
Grabbing the popcorn and watching the show, this is already epic and one for the history books based on the numbers. Bank CDS rates still climbing and Fed interest rate hike due the 22nd. Evergrande winding up court date of 20 Mar. Just a few of a series of ripple effects throughout the world, will only take the right one at the right time.
For now, just HODLing and relaxing...as long as it takes for the rest of the market to catch up to itself...and trip over it's own misdeeds.
IMO/NFA
Ref: https://www.nyse.com/regulation/threshold-securities
Correct. And another one showed today: "Former top Credit Suisse shareholder sells full stake in bank - FT"
https://www.investing.com/news/stock-market-news/former-top-credit-suisse-shareholder-sells-full-stake-in-bank--ft-3022323
IMO/NFA
Are banks in pain here, you ask? Here's another article you might find of interest...
"Credit Suisse breach spills personal info of high-net-worth clients" Link to article- https://nypost.com/2023/03/02/credit-suisse-breach-spills-info-of-high-net-worth-clients/
CDS rate for CS going back up and is over 350 already...again. Problems are stacking up all over the place. Evergrande winding down lawsuit on the 20th too which will involve Chinese banks and the stock to be delisted by Oct if were to be still suspended. It's about to get busy...
IMO/NFA
I already did. You talking about this? stockcharts AMC with OBV. They are HOLDING. LMAO!
Link- https://schrts.co/kXcCxEnv
Tick Tock!
IMO/NFA
It only takes that one time...one percent is good enough...to change everything. Ask a lotto winner. The AMC situation is an outlier and far from the norm. LOL!
We'll see, won't we...
IMO/NFA
I don't know how. It probably takes a mod to do that...?
But thanks for the vote of confidence and hope you found value in the digging too!
IMO/NFA
Positive news article! "If You Like Movie Theater Popcorn, AMC And Walmart Are Here With Good News" By Mack Rawden
Link- https://news.yahoo.com/movie-theater-popcorn-amc-walmart-214842585.html
IMO/NFA
Sold out! Gone in 2 minutes.
IMO/NFA
Well let's see what we see...because perspective is good.
1. According to Reddit, over 80% of household investors are saying YES to vote. Source: (reddit.com/r/amcstock/comments/117inql/proxy_vote_poll/)
2. Exactly 3,000 Limited edition AMC silver coins from Hycroft sold out in just 2 minutes. Source: (https://hppromotionalsolutions.com/products/amc-hycroft-silver-coin and reddit.com/r/amcstock/comments/11fo74d/1000_hycroftamc_silver_coins_sold_in_2_minutes/)
3. SEC cancelling speaking engagements. Source: (https://www.wsj.com/livecoverage/stock-market-news-today-02-23-2023/card/-sec-speaks-conference-nixed-after-sec-declines-to-speak-s916QQbJZhzZ9Odh45im)
4. Citadel files $428B 13-F. (My floor sell price just added another digit alone on this and the delay) Source: (https://whalewisdom.com/filer/citadel-advisors-llc)
5. 198M shares on loan out of 516M. (Ortex)
6. Short Interest of almost 26%. (Ortex)
7. Days to Cover over 5 full days required. (Ortex)
8. 100% Utilization for years now. (Ortex)
9. Costs to borrow AMC averages in the hundreds of percent (currently 300+% and has been up to 1,000+%. (Ortex)
10. Made it on to the RegSho...again...with a ton of people's eyes watching whether SEC is going to exercise malfeasance, misfeasance, or nonfeasance so they can pounce at any mis-step... (see #3) Source: (https://www.reddit.com/r/amcstock/comments/11fnepu/hoping_the_regulators_and_congressman_following/) and many more tracking the progress as we crossed the 18th consecutive day...so far. Time to force accountability if the "self-regulatory system" is unable/unwilling. Source: (https://www.nyse.com/regulation/threshold-securities) ***update edit=19th consecutive day and counting
11. AMC microwave popcorn product being released with exclusive agreement with Walmart nationwide. (Which will probably sell out and be as hard to find as shares! LOL!) Source: (https://investor.amctheatres.com/newsroom/news-details/2023/AMC-Entertainment-Launching-Its-All-new-Line-of-Microwave-Popcorn-and-Ready-to-eat-Popcorn-Exclusively-at-Walmart/default.aspx)
12. Vast majority of shares trading are OFF exchanges and not even touching LIT. Source: (https://chartexchange.com/symbol/nyse-amc/exchange-volume/)
13. Options chains looking beyond unusual, especially on the 17th of Mar. Source: (https://chartexchange.com/symbol/nyse-amc/optionchain/summary/)
14. FTDs are just a completely off-the-rails trainwreck! Seriously I've seen nothing like it in the market even when you combine other larger share structure companies together like Amazon+Apple+Berkshire Hathaway+Google+Microsoft are still just FRACTIONS of AMC. Source: (https://chartexchange.com/symbol/nyse-amc/failure-to-deliver/)
15. Some banks still in trouble with CDS rates over 250+. Source: (Bloomberg terminal/open sources)
16. Company showing consistent debt reduction/mitigation climbing out of the hole that was imposed on it by the government.
17. New rules written and passed that shored up weaknesses this whole event identified within the past 3 years. After action report will determine whether they were followed/enforced...or not. Source: Multiple SEC adopted rules
18. HF reductions in allowable withdrawals. Source: Multiple
19. Weekly OBV is stable and shows overall HODL'ing. Seems the generalization of people didn't sell at $70, they sure as hell aren't going to sell at $7, appears to be true. They are waiting for their price to arrive and it's alot higher than $70/pps at this point! Absolutely amazing to see this! Source: (https://schrts.co/kXcCxEnv)
20. The added (and probably unwanted) scrutiny of SEC, DTC, DTCC, CTFC, FINRA, FINTEL, and the whole regulatory system with regards to naked shorting, corruption, manipulation, sloppy controls, ineffective fines, etc is starting to generate sanitizing interest by the public; especially as processes and "how it's worked in the past" is being exposed. Source: (Multiple, incl Reddit forums in excess of half million users.)
And on and on and on...
I'm thinking, and betting, this all adds up to something very significant, unprecedented even. I've got my tickets and I'm almost out of popcorn but that's alright, I'll be making a run to Walmart here soon enough. haha. Just a few thoughts to help keep perspective on the bigger picture. G'luck to all!
Tick Tock!
IMO/NFA
Wickw50 is correct. Reddit did a poll showing ~80% voting YES to both questions by household investors following the sub r/amcstock. Granted that was only 3.6k people taking the time to enter their choices, but it's still a statistically significant number. G'luck!
(Source=reddit.com/r/amcstock/comments/117inql/proxy_vote_poll/)
Tick Tock!
IMO/NFA
I'm loving that big-picture overview...good to keep the eye on the prize even though it's taking longer to get there than originally thought. They're climbing out... the squeeze will show up in (over)due time. Fundamentals vs Technicals vs Supply/Demand/Corruption/Manipulation vs Enforcement/Regulation/etc (or lack thereof) on display yet the company continues to still trudge along forward!
Tick Tock!
IMO/NFA
Full Year 2022 Summary
? Total revenues were $3,911.4 million compared to $2,527.9 million for 2021.
? Net loss decreased to $973.6 million, including a non-cash impairment charge related to long-lived assets of $133.1
million, compared to a net loss of $1,269.8 million for 2021, which included a non-cash impairment charge related to
long-lived assets of $77.2 million.
? Adjusted net loss was $727.9 million compared to an adjusted net loss of $1,191.9 million for 2021.
? Net loss per diluted share was $0.93 compared to a net loss per diluted share of $1.33 for 2021.
? Adjusted net loss per diluted share was $0.69 compared to an adjusted net loss per diluted share of $1.25 for 2021.
? Adjusted EBITDA was $46.6 million compared to a loss of $291.7 million for 2021.
(source: "AMC Entertainment Holdings, Inc. Reports Fourth Quarter and Full Year 2022 Results" )
Speaking of banks losing control...anyone else notice Credit Suisse (CS) plunged right down thru the floor below $3 and the CDS rates are soaring (again) for them and Eurobank? This is probably adding to the market's volatility in general (incl AMC)...in my opinion.
It also doesn't help that Evergrande (3333.hk) is STILL suspended and not trading a year later. So much for auditors, regulation, market accountability, recovery plans, winding-up lawsuits, etc! Just more on-going examples of how the ripple effects and interconnectedness is far and deep. There is so much rigging going on that it's only going to take one bump to bring the house of cards down now. I wonder who has either of those being applied against margin calls as equity and how that will affect the volatility we'll see in the short term...if anyone...? Hmmm?
Imagine shorts still losing on their positions...during a recession. Ouch.
Tick Tock!
IMO/NFA
"Short Sellers Lose $17 Billion in 2023" Article=Lose $17B
...so far.
Tick Tock!
IMO/NFA
To be fair, he did openly admit that he's been wrong for some time now about these meme stocks...
They just don't know how to handle the HODL strategy crowd when the usual playbook doesn't work anymore and their nefarious plans crash like waves against the seawall breakers. Now the tide is rolling back out and we're about to find out who's been swimming naked...and it's about to get ugly.
Tick Tock!
IMO/NFA