AMC Entertainment Holdings Inc (AMC)

[Beek]

So if I understand it correctly, it really comes down to one of two words for HFs at this point. Cover or Liquidate.

If they liquidate, they're selling other positions to have enough margin (reduce SLR) to wait it out on GME/AMC for the price to come down AND have enough shares available (one or the other might be realistic but not both); and then the race against borrowing fees is a slow bleed that can leave them with minimal to nothing...or paying...in the long run if retail holds long enough. HFs might drop PPS down to anything ($1?) but if no one is selling (AND they run the risk of others buying any available shares they need and locking them in a hold making it worse for them) it's not worth pushing it too low. Anyone remember the game Hungry Hippo and the scramble for resources? LOL! The only ways left are churn or burn upward.

If/when they cover, the first to cover has the least amount of pain as they'll be grabbing shares on the way up, rather than at the top.

So who covers first? Place your bets...

(All IMO and guesses)