AMC Entertainment Holdings Inc (AMC)

[slimhere]

I sure hope you're right for once the Banks understand what you and I believe to be common knowledge, they'll act fast, or AMC will JUMP in price share causing one hell of a squeeze. That's exactly how the banks reacted when they liquidate positions, the Banks need to do the reverse with AMC, or they have to be Whale Buyers.

It appears that Archegos wasn't able to meet those demands, and its brokers began to liquidate its positions to recoup as much of the cash they had lent as possible. That took the form of the huge block sales late last week. ViacomCBS and Discovery stocks both dropped about 27% on Friday, while GSX tumbled nearly 42% and iQIYI lost 13%.