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Consolidation is exactly right and what I have seen time and time again before select kinds of movement. All in my opinion, of course. :)
Absolutely spot on. It is clear from the facts that the movie business was happening pre-Covid. Yes, it will take time to recover, but the fact that they are selling out these reduced capacity theaters means it is going to rebound. IMHO.
By the way, for those veteran traders out there... you have seen this kind of trading pattern before. You all know what happens when they barcode like this. IMHO.
They do have long term challenges, but let's see what happens when they get that 5 billion in revenue pumping them backup and they get to explore new opportunities with new partnerships. Today's moves are pure channel trading that usually happens before a sudden shift happens. Let's face it - a lot can happen between now and May 4th. You know what's coming.
Yep - pretty sure the 500 million share thing was to trigger a stock audit. You see - short sellers do all kinds of nasty things to manipulate the market. Integrity only scares some types of people. IMHO.
You are so right. There are traders smelling blood in the water and let's face it... Citadel and others have not exactly endeared themselves to the trading community of longs. Nothing works in their favor right now. You have the overall short share situation, synthetic shorts and short share availability dropping. You have retail shorts piling in and shrinking the tradeable pool even more - plus now you have the dark pool revelations rocking the market.
Even worse for them is that this is all post-Gamestop-hype. Retail traders have been emboldened by their victory there and so the vise is getting tighter. Even fundamentals work in AMC's favor right now. As they open more and more cinemas and capacity expands, they will show a progressive increase in gross margin too. This will be coupled with over-the-top guidance from a CEO getting piles of bonus money.
Citadel's best opportunity to cover was weeks ago in my view. The tighter they hold it now, the more explosive the release. IMHO.
I am ready for some movement. Hate going into weekends with just a little back and forth.
What a turn around today!
Fair enough. Appreciate the honesty and straight talk. I'm not sure where the bottom is either, but I do think a run-up is close now. The churn does seem to be intensifying. IMHO.
Okay - just did the math. SSR will be in effect! Can't believe they wanted that.
SSR triggered then?
Taken care of... still. Weird what they will do on this stock to get shares.
Check your orders! My broker canceled my (very high limit) sell order and lent out my shares under their securities lending program. How desperate are they?
By the way, I have watched stocks my whole life and Friday's movement was by far the strangest I have ever seen. Not the channel trading, that occurs with some stocks grinding away at each other, but the 45 million share sell and re-buy? I have never seen that. That was brazen manipulation IMHO.
We'll be back Monday. We can't win every battle or it wouldn't be worth fighting. :)
Okay, so let's all agree to smoke real Cuban cigars if this pops!
I don't know about the rest of you, but I can't seem to focus on any other stock at the moment, or its share count, or its price. It's like all of them are on the back burner and if they go up or down a few cents, I could care less. I don't know if the big squeeze will happen for sure - all I know is that I don't want to miss it if it does. It could be epic. IMO.
Guess not. Sorry. Must be a glitch in the matrix.
Do we have a halt?
I just meant the swings were getting wilder. Interesting trading pattern. IMO.
She is wobbly.
It's a theory on short selling and on who controls the market. It's all opinion and speculation, so I am being purposely vague as I do not wish to accuse anyone of any specific thing. Especially with the TOS warning issued here. GLTA.
Very interesting. I do believe you're correct. You know if he is warning against a short attack, then it is serious indeed. He probably senses there will be some momentum in either direction before and after any potential squeeze (I mean - it will come down eventually and they can safely profit on the backside), but he is probably warning against the runaway train effect here. Short losses have already been horrendous. Ask Melvin Capital.
Fair enough.
Retail shorts will get slaughtered on AMC if they are still even in it. While that prospect does not make me sad, I feel as if they still think this is a normal stock subject to the normal pressures and manipulation inherent in other stocks. It is not. This is something more akin to a movement.
This is not financial advice, but I suggest all shorts take your lumps as soon as you can and then come along (become a long - get it?) for the ride. This is a fair warning. I would not normally do this, but I fear a certain leader of the short movement may have sold you out and I still feel for real people. A weakness of mine. All in my humble opinion.
Relax - there is no harm coming to real human beings. Short sellers do not qualify and get what they deserve. IMO.
Interesting that we hit the daily average volume at 1 pm on a Friday. Nice!
Greenfield initiated coverage of AMC today. How odd indeed.
Quad witching on 03/19 coming up. This is in addition to everything else. Huge options movement on this stock. IMO.
Look at that trade volume. Amazing.
You are probably right. This is starting to look like an orchestrated effort to punish the shorts now. IMO.
Volume is exploding!
Did you see that leap in price !!!?!!!
Look at the volume and how it is trading. Wow!
By the way, I do believe the daytraders and scalpers are now buying the dips and knocking down the short ladder attacks. IMHO.
Thank you too for taking time to reply. I'm learning a lot this month!
Okay, I get it now. I guess the shorts have been putting it to the MMs and now the MMs have had enough and are saying to them - pay your tab.
Can you break this down a bit for us? I'm well versed in some things, but this is just obtuse information.
Pretty much yes.
I encourage the retail shorts to pile in here. Don't worry, they would never sacrifice you on the altar of Melvin Capital. You are about to learn the first lesson of capitalism.