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 couldn't have said it better!!!!!
Let's see what happens next week.....
imagine there will be quite a few million borrowed shares used to control pricing....
so what else is new!!!!!.....this action is getting borrrrrriiiiiiiiiinnnnnnnnnggggggggggg
just continue to watch the show.....
so spread on amc today is $0.54
closing price yesterday $4.6
and close will be around 4.25 that's drop 7.6%
vol around 15.4M shares
just watching the show
and SEC sees nothing, hears nothing and says nothing
yep
Monday Mar 11 BRB ends
Tues Mar 12 inflation report cpi
Wed Mar 13 PPI
Fri Mar 15 "ides march" Triple witch on options????
IMO AMC needs shift in outlook of some Big Boys toward AMC...banks maybe?????
or an event that causes maybe the banks to force their hand.....
enough said!!!!
in the mean time the MM continue to control price on AMC and make money
on spread etc etc
Plenty of amc shares to borrow for shorting between yesterday and today....over 2M in play today....
typical friday!!!!!
yesterday's short vol ratio over 47%....should be same if not higher today!!!!!
Not sure where the price will go in next week.....nothing surprises me with AMC
just continuing to watch the show
2.2M shares used for shorting....
spread 38 cents 4.52-4.9
vol. 16M
price going into close 4.56
all above at 3:27pm est
won't take much to turn amc red for day!!!!
pretty good control!!!!
and SEC see nothing, hears nothing, and says nothing!!!!!
and notheless 4 decimal point trading really!!!!!
Looks like AMC is going to have Red day
based on position of shorts today
Either boiler room was bored and played with numbers to form
batman's head hehehehehehe
but they did let it run today as a planned run I'm sure.....
Chart analysis IMO on AMC has a pretty poor probability of success IMO
I have abandoned technical analysis on AMC but that's just me.......
boiler room is working hard to control price this week!!!!!
Yesterday's short vol ratio 52.86%
volume pretty anemic
and rate to borrow insignificant and 1.8M shares available for
shorting as of this morning 6:30am est
Next couple of weeks should be interesting....
I'm just watching show
IMO I don't think we have seen the end of regional banks stressing out....
There will be huge consolidation of regional banks taken over by Big ones
-Short vol ratio for amc in last 9 days avg 48.63%
short vol interest just had slight tick down
-Vanguard inc. their amc position feb 13
-boys at susquehanna making some moves how's that
working Josh
-https://fintel.io/so/us/amc
-March 11 FRB ends and March 15 triple witching (ides of March)
-repo market....hmmmm....https://www.newyorkfed.org/markets/data-hub
-how about those regional banks??? anyone paying attention to small regionals????
https://www.wsj.com/finance/banking/new-york-community-bancorp-names-new-risk-and-audit-executives-10d6b9cc
https://theconversation.com/why-economists-are-warning-of-another-us-banking-crisis-224092
-Just sitting back and HOLDING while watching the show.......just more opinions hmmmmmmmmmmmmmmm
-Kenny it's tough to put indicators on amc since boiler room is doing such a efficient job but
I do have couple indicators I'm still tracking hehehehehehehehehehehehe
-BOTS must take Sunday's off!!!!!
such language!!!
no reply necessary!!!
Spin doctors own media along with everything 1 percenters control
Things getting a little dicey
short vol ratio yesterday 59.02%
and over 2.4M available amc to short
looks like over 1M in play......
oh that's right it's friday
hehehehehehehehehhee
Interesting look at amc option calls for March 15 otm
Here is transcript of yesterday's conference call
https://www.insidermonkey.com/blog/amc-entertainment-holdings-inc-nyseamc-q4-2023-earnings-call-transcript-2-1267418/
Along with financials form amc investor website for review
https://investor.amctheatres.com/
Here we go w/ Riley Securities downgrade on AMC today....
I wouldn't expect anything less.....it's early in the game IMO
https://www.marketbeat.com/instant-alerts/nyse-amc-lower-price-target-2024-02-29/
yesterday's financials were pretty much expected....
nothing unexpected....
guidance was solid
now let the market deal with AMC going forward!!!!!!
when investment bankers change so does amc.....
that will take some time!!!
Is anyone else experiencing slow response from this site?
Grasshopper....
the tide will turn but not when people expect
if you look at the financials and the listen to guidance
you can project....no free info here though...
but here's a hint investment bankers might be clue
btw if that is your conviction than I assume (hehehe)
you have sold out your position....no response needed
So Happy Leap Day!
We have 2.4M amc shares available for shorting this morning
at rate of 0.63% and yesterday short vol ratio was 56.16% no surprise there!!!
AH trading of amc ranged from 4.1-5.01 and finished at 4.44
vol in AH was 4.5M
Daily trading was 4.75-5.10 spread 35 cents hmmm
finished at 4.99 with vol during day of 25.4M
Interesting conference call and looking at the numbers IMO tells the story but enough said on that
One point
AMC negotiatied a 20% discount on 50M$ debt due in 2026 (from conf. call)
I believe the debt on 2026 is at rate of 12% and the balance of debt is at or around 7%
AMC's debt schedule goes into 2027.....
2024 5M$
2025 98M$
2026 2.9B$
2027 500M$
for some reason ignorance is bliss and debt is not an affliction as some may have you believe....
anyone in the corporate world understands the purpose of debt and how it is handled
AMC incurred huge debt due to covid and keeping the doors open..... now is the
time for management to address the debt which I believe they are doing
and btw the loan companys' are more than happy to collect on the debt and even renegotiate the terms imagine that......
so I wouldn't bet on AMC going bankrupt any more than the USA going bankrupt with their debt......
and that's the way it is on early morning leap day Feb 29.....all the above is mere opinion no different than the other social media idiots!!!!!!!
and BOTS just keep doing there thing!!!!
It's business 101....shareholders of a company should learn to read
financial statements before they invest in a company....it appears
many are lost and make empty acussations based on emotions....just an opinion
hehehehehehehe
yep
Mar 11 FRB ends bk term fund prog
Mar 12 CPI
Mar 14 PPI
Mar 15 Triple Witch Day for huge OTM calls (third fri in Mar)
Mar 19-20 Fed Mtg....
and the beat goes on!!!
Sean you guys have learned how to tighten the money belt...cudo's for 4th qtr on burn and Cash
of $884M...negotiating debt as expected...
https://www.secform4.com/insider-trading/1592354.htm
https://www.secform4.com/insider-trading/1032673.htm
little late couldn't msg earlier
yesterday short vol ratio over 50% and
today short amc shares available sitting at over 2M shares.....
hmmmmmmmmm pretty straight forward if you ask me!!!!
heheheheheheheheheh
Absolutely!
MM and hedgies are playing the spread and options on AMC to generate
revenue and in meantime they drive AMC's price down. Yep they can't get
out by closing their position because there is too much money at risk. They
need to just keep playing the game otherwise they loose control of price...
volume indicates very little new money is
coming in and the volume pretty much is algorithms trading....
gee
short vol. ratio was over 52% yesterday imagine that
AMC numbers as of 11:20 am est
trading range today- 4.38-4.69 spread $0.31
close yesterday 4.57
vol 4.2M (volume has dried up)
AMC shares available for shorting 800K but very
little put in play
yesterday short vol ratio was 50.64%
MM are making money!!!!
nb- at&t outage...they don't know what caused it??? REALLY hehehehehehe
Do people understand why there is such a wide daily price spread on AMC stock every day????? dah!!!
That’s worth belly laugh!!
Hehe
Ignorance can be cured but stupidity is forever and some can’t distinguish the difference
hmmmm
No borrowed shares of amc put in play today....
I'm just amazed how many individuals just hang around this
msg board and bash amc
If amc is that bad an investment just move on and if you
don't have any skin in the game why are you here?????
there's always a bully around....enough said hehehehehehehe
now I understand why younger generation have issues with
social media.....
So what is it on earning report 50 or 500 ebitda basis point for Lyft financials really
consumer price index rose 0.3% for January which
puts annual rate at 3.1%.....good news for Fed maintaining
rates....not good for markets....
This was published back in March 7, 2004 but has remarkable explanation of what has happened to AMC....
There’s a form of the securities fraud known as naked short selling that is becoming very popular and lucrative to the market makers that practice it. It is known as “CELLAR BOXING” and it has to do with the fact that the NASD and the SEC had to arbitrarily set a minimum level at which a stock can trade. This level was set at $.0001 or one-one hundredth of a penny. This level is appropriately referred to as “the CELLAR”. This $.0001 level can be used as a "backstop" for all kinds of market maker and naked short selling manipulations.
“CELLAR BOXING” has been one of the security frauds du jour since 1999 when the market went to a “decimalization” basis. In the pre-decimalization days the minimum market spread for most stocks was set at 1/8th of a dollar and the market makers were guaranteed a healthy “spread”. Since decimalization came into effect, those one-eighth of a dollar spreads now are often only a penny as you can see in Microsoft’s quote throughout the day. Where did the unscrupulous MMs go to make up for all of this lost income? They headed "south" to the OTCBB and Pink Sheets where the protective effects from naked short selling like Rule 10-a, and NASD Rules 3350, 3360, and 3370 are nonexistent.
The unique aspect of needing an arbitrary “CELLAR” level is that the lowest possible incremental gain above this CELLAR level represents a 100% spread available to MMs making a market in these securities. When compared to the typical spread in Microsoft of perhaps four-tenths of 1%, this is pretty tempting territory. In fact, when the market is no bid to $.0001 offer there is theoretically an infinite spread.
In order to participate in “CELLAR BOXING”, the MMs first need to pummel the price per share down to these levels. The lower they can force the share price, the larger are the percentage spreads to feed off of. This is easily done via garden variety naked short selling. In fact if the MM is large enough and has enough visibility of buy and sell orders as well as order flow, he can simultaneously be acting as the conduit for the sale of nonexistent shares through Canadian co-conspiring broker/dealers and their associates with his right hand at the same time that his left hand is naked short selling into every buy order that appears through its own proprietary accounts. The key here is to be a dominant enough of a MM to have visibility of these buy orders. This is referred to as "broker/dealer internalization" or naked short selling via "desking" which refers to the market makers trading desk. While the right hand is busy flooding the victim company's market with "counterfeit" shares that can be sold at any instant in time the left hand is nullifying any upward pressure in share price by neutralizing the demand for the securities. The net effect becomes no demonstrable demand for shares and a huge oversupply of shares which induces a downward spiral in share price.
In fact, until the "beefed up" version of Rule 3370 (Affirmative determination in writing of "borrowability" by settlement date) becomes effective, U.S. MMs have been "legally" processing naked short sale orders out of Canada and other offshore locations even though they and the clearing firms involved knew by history that these shares were in no way going to be delivered. The question that then begs to be asked is how "the system" can allow these obviously bogus sell orders to clear and settle. To find the answer to this one need look no further than to Addendum "C" to the Rules and Regulations of the NSCC subdivision of the DTCC. This gaping loophole allows the DTCC, which is basically the 11,000 b/ds and banks that we refer to as "Wall Street”, to borrow shares from those investors naive enough to hold these shares in "street name" at their brokerage firm. This amounts to about 95% of us. Theoretically, this “borrow” was designed to allow trades to clear and settle that involved LEGITIMATE 1 OR 2 DAY delays in delivery. This "borrow" is done unbeknownst to the investor that purchased the shares in question and amounts to probably the largest "conflict of interest" known to mankind. The question becomes would these investors knowingly loan, without compensation, their shares to those whose intent is to bankrupt their investment if they knew that the loan process was the key mechanism needed for the naked short sellers to effect their goal? Another question that arises is should the investor's b/d who just earned a commission and therefore owes its client a fiduciary duty of care, be acting as the intermediary in this loan process keeping in mind that this b/d is being paid the cash value of the shares being loaned as a means of collateralizing the loan, all unbeknownst to his client the purchaser.
An interesting phenomenon occurs at these "CELLAR" levels. Since NASD Rule 3370 allows MMs to legally naked short sell into markets characterized by a plethora of buy orders at a time when few sell orders are in existence, a MM can theoretically "legally" sit at the $.0001 level and sell nonexistent shares all day long because at no bid and $.0001 ask there is obviously a huge disparity between buy orders and sell orders. What tends to happen is that every time the share price tries to get off of the CELLAR floor and onto the first step of the stairway at $.0001 there is somebody there to step on the hands of the victim corporation's market.
Once a given micro cap corporation is “boxed in the CELLAR” it doesn’t have a whole lot of options to climb its way out of the CELLAR. One obvious option would be for it to reverse split its way out of the CELLAR but history has shown that these are counter-productive as the market capitalization typically gets hammered and the post split share price level starts heading back to its original pre-split level.
Another option would be to organize a sustained buying effort and muscle your way out of the CELLAR but typically there will, as if by magic, be a naked short sell order there to meet each and every buy order. Sometimes the shareholder base can muster up enough buying pressure to put the market at $.0001 bid and $.0002 offer for a limited amount of time. Later the market makers will typically pound the $.0001 bids with a blitzkrieg of selling to wipe out all of the bids and the market goes back to no bid and $.0001 offer. When the weak-kneed shareholders see this a few times they usually make up their mind to sell their shares the next time that a $.0001 bid appears and to get the heck out of Dodge. This phenomenon is referred to as “shaking the tree” for weak-kneed investors and it is very effective.
At times the market will go to $.0001 bid and $.0003 offer. This sets up a juicy 200% spread for the MMs and tends to dissuade any buyers from reaching up to the "lofty" level of $.0003. If a $.0002 bid should appear from a MM not "playing ball" with the unscrupulous MMs, it will be hit so quickly that Level 2 will never reveal the existence of the bid. The $.0001 bid at $.0003 offer market sets up a "stalemate" wherein market makers can leisurely enjoy the huge spreads while the victim company slowly dilutes itself to death by paying the monthly bills with "real" shares sold at incredibly low levels. Since all of these development-stage corporations have to pay their monthly bills, time becomes on the side of the naked short sellers.
At times it almost seems that the unscrupulous market makers are not actively trying to kill the victim corporation but instead want to milk the situation for as long of a period of time as possible and let the corporation die a slow death by dilution. The reality is that it is extremely easy to strip away 99% of a victim company’s share price or market cap and to keep the victim corporation “boxed“ in the CELLAR, but it really is difficult to kill a corporation especially after management and the shareholder base have figured out the game that is being played at their expense.
As the weeks and months go by the market makers make a fortune with these huge percentage spreads but the net aggregate naked short positions become astronomical from all of this activity. This leads to some apprehension amongst the co-conspiring MMs. The predicament they find themselves in is that they can’t even stop naked short selling into every buy order that appears because if they do the share price will gap and this will put tremendous pressures on net capital reserves for the MMs and margin maintenance requirements for the co-conspiring hedge funds and others operating out of the more than 13,000 naked short selling margin accounts set up in Canada. And of course covering the naked short position is out of the question since they can’t even stop the day-to-day naked short selling in the first place and you can't be covering at the same time you continue to naked short sell.
What typically happens in these situations is that the victim company has to massively dilute its share structure from the constant paying of the monthly burn rate with money received from the selling of “real” shares at artificially low levels. Then the goal of the naked short sellers is to point out to the investors, usually via paid “Internet bashers”, that with the, let’s say, 50 billion shares currently issued and outstanding, that this lousy company is not worth the $5 million market cap it is trading at, especially if it is just a shell company whose primary business plan was wiped out by the naked short sellers’ tortuous interference earlier on.
The truth of the matter is that the single biggest asset of these victim companies often becomes the astronomically large aggregate naked short position that has accumulated throughout the initial “bear raid” and also during the “CELLAR BOXING” phase. The goal of the victim company now becomes to avoid the 3 main goals of the naked short sellers, namely: bankruptcy, a reverse split, or the forced signing of a death spiral convertible debenture out of desperation. As long as the victim company can continue to pay the monthly burn rate, then the game plan becomes to make some of the strategic moves that hundreds of victim companies have been forced into doing which includes name changes, CUSIP # changes, cancel/reissue procedures, dividend distributions, amending of by-laws and Articles of Corporation, etc. Nevada domiciled companies usually cancel all of their shares in the system, both real and fake, and force shareholders and their b/ds to PROVE the ownership of the old “real” shares before they get a new “real” share. Many also file their civil suits at this time also. This indirect forcing of hundreds of U.S. micro cap corporations to go through all of these extraneous hoops and hurdles as a means to survive, whether it be due to regulatory apathy or lack of resources, is probably one of the biggest black eyes the U.S. financial systems have ever sustained. In a perfect world it would be the regulators that periodically audit the “C” and “D” sub-accounts at the DTCC, the proprietary accounts of the MMs, clearing firms, and Canadian b/ds, and force the buy-in of counterfeit shares, many of which are hiding behind altered CUSIP #s, that are detected above the Rule 11830 guidelines for allowable “failed deliveries” of one half of 1% of the shares issued. U.S. micro cap corporations should not have to periodically “purge” their share structure of counterfeit electronic book entries but if the regulators will not do it then management has a fiduciary duty to do it.
A lot of management teams become overwhelmed with grief and guilt in regards to the huge increase in the number of shares issued and outstanding that have accumulated during their “watch”. The truth however is that as long as management made the proper corporate governance moves throughout this ordeal then a huge number of resultant shares issued and outstanding is unavoidable and often indicative of an astronomically high naked short position and is nothing to be ashamed of. These massive naked short positions need to be looked upon as huge assets that need to be developed. Hopefully the regulators will come to grips with the reality of naked short selling and tactics like "CELLAR BOXING" and quickly address this fraud that has decimated thousands of U.S. micro cap corporations and the tens of millions of U.S. investors therein.
makes perfect sense if your a German citizen or have accts in Germany....
not sure how that would all work bring money back into the states....
much success with your crypto investments......
JMO but I'm expecting a little run between now and earning
Feb 28 we shall see what the boiler room has to say....
I like my buys earlier in wk below 4
hehehehehehehehehehe
talk about a surprise look at ARM yesterday...
came out w/ surprise earnings and stk went up over 50%
could have bought last week in 60's today trading at 120....
who would have know certainly not me.....
industry is semiconductor hehehehehehehe
artificial intelligience area hot!!!!