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830 posts today... nice!
While I would normally agree, my theory is that Citadel is trying to survive. They know in detail what is about to happen since they control so much data. They will lose their back ends due to this crushing repayment of shares; however, they might have a chance at survival if they slow the squeeze while they cover the synthetics, sell huge positions near the peak, short the drop on the back-end sell-down and then rebuy on the upswing with an eye to sell on the recovery.
We would have a tough time doing it, but we don't have the same advantages they do - eyes on the order flow, high-frequency trading algos and $523 billion in capital. It could be done, but it would require planning and keeping the lights on during the weekend. :)
IMO. NFA.
Not sure, but tomorrow is a possibility. Since I do think it will be a multi-day squeeze, I am hesitant to be too specific, but it will be nice to get the party started. IMHO.
More than a million shares a minute trading now. Wow!!!
I like what I'm seeing here.
Well we are on the AMC board - so there's that.
Maybe a true trader would have been here for more than a few months.
Okay, I understand. No paper hands over here, but I would be lying if I said I did not watch the price and share count. I do love my green candles. :)
C'mon - not even a Woooooooo!!!!!
I now you guys are calm and cool, but can't we have one little Weeeeee! Look at all those green candles moment?
Anyone think perhaps one of the smaller funds covering right now? JMO.
Everyone knows the score on this board. It will continue to be an interesting day IMO.
Looks like the short attack petered out already.
Recapturing and retracing - nice!
Interesting that some FUD is only appearing here on AMC and a certain other squeeze target. Just my opinion.
I think May is catalyst month. We have the shareholder meeting on the 4th where AA could make any kind of announcement (like the results of the share audit), the 6th - which may reflect a jump in earnings due to the reopenings and the 19th. That is when (my understanding of it) shorts have to cover counterfeits and/or face a sale of assets. I'm eating popcorn right now in anticipation. IMO.
I believe it will happen today. Already called my prediction over on ST. We shall see. All my opinion and speculation.
Not a distraction - compare the charts. Disclosure - I own both.
Dilution off the table and squeeze becomes tick-tock-soon. IMHO.
Such great DD from so many sources. Much more so than on any other stock I have participated in. I thank you all!
Great discussion and it earned you a follow. These price targets are going all over the place and I agree with Snizzle that a little bit of caution is in order. Having said that, the VW squeeze of 2008 saw prices exceeding 1000 euros and I think these current hedge funds are in much deeper than they were then. All IMO.
Couldn't agree more. People are literally craving a social experience. Anything really - but movies let people escape for a while. Vaccinations increasing. This could be the roaring twenties all over again. IMHO.
It's going to be an interesting week - that's for sure!
I think cryptocurrency is in danger and that tomorrow could be very interesting. AMC and Gamestop are likely to cost 200 billion for the shorts. One way they might make up the difference is by shorting crypto. If they do, watch out! It might happen tomorrow.
All my opinion and speculation.
As usual, fear is being sold. This stock will redefine Wall Street IMHO. The 500 million is now a red herring.
Well that would make sense. This seems pretty unhinged right now and I do think I spotted some algo movement already the other day. They definitely need to shut down this slow build up as it is adding fuel to the fire. IMO.
Well I agree of course, but they (the government) are no doubt grabbing their private parts and working on damage control. That is why the whales are swimming methinks. I think they wanted to see confirmation of all this before they blew their blowholes. We both know change is coming, but ducks are still being lined up IMHO. I would love to be a fly on the wall right now.
100k bid at 9.69! Whales are out!
Well they all must be eyeballing each other now - wondering who is gonna cover first. This is incredible! IMO.
Holy Toledo! What a jump!
Please do. I'm still trying to make sense of the data and what impact it is likely to have, but at this point (like someone else said), there has been so much DD that most people know what they are going to do - one way or another. All my opinion.
BTW, I'm not sure if you know this, but your link appears to show that Robinhood may have engaged in short selling AMC when you look further down in the data. I reshared your post on another site for informational purposes - Stocktwits - and one of the readers there suggested that Robinhood does not allow its customers to short through the app. They also started to reshare the information.
I'm not sure if that is true, but if so, then the data you provided could possibly indicate some seriously unethical activity has occurred. To be clear, I am not accusing them of illegal market manipulation; however, a further exploration of the data does seem warranted. This is not financial advice. I am not a financial advisor and this post is in my opinion only.
That is a real can of worms you opened.
Yes, thanks for the link. Very interesting. I'm also convinced this will be epic at some level.
Nor I, but Neb has been here a while and provided us a lot of great DD. I appreciate that.
Nice momentum to start off a Monday with.
Crazy how excited I am for tomorrow. It's like we all know that Godzilla is coming and yet there are a few people who keep saying "I don't believe in monsters, therefore it doesn't exist." Well I'm here to tell you - Godzilla does exist and you can find him setting box office records in AMC cinemas all over the world. Remember, some of these theatres were at 25% to 50% capacity and it was still smashing through the box office wall. Wow!!!
I'll do that Bud - I'll mark down your post. What is that now #108?
Yes, it's going down. Time to buy if you're an investor and understand that this a post-Covid recovery play. These are bargain prices. IMHO.
What consolidation means:
This segment is gleaned from Warrior Trading:
"Consolidation often happens after sharp price movements as the market absorbs the information that triggered the movement in the first place. Traders generally interpret consolidation as market indecisiveness.
Consolidation periods are important as they help traders position themselves for the next move and are necessary for accumulation and distribution. Moreover, they are used by “big” market players to get into larger positions."
So this pattern often plays out before a significant movement. It is something I have observed before in both the OTC and the larger exchanges. Whether you choose to believe it is up to you.