Wednesday, March 31, 2021 2:39:51 PM
A week like this week-and you could tell by last week looking forward that Calls on both AMC and GME were light on the open interest.That means not really any motive to plow a stock higher so you preserve your Call $$ or even make some nice gains on them.4 days screws up options in a trading week looking and remembering from the past years.
Anyhow,you folks know I am a AMC APE..But also I call the good with the bad as it is my nature.GME has really screwed us over in the program and it really is not GME's fault.It is just a choice some IT guru bounced off someone or a group think tank as to how they contain the parabolic-hyper stocks running like a raped ape(no offense AMC apes)....
So,they took the culprit-leader GME back around Jan 28 2021 and threw the kitchen sink at it to drive it down after damage was done to Melton.Prior to executing the hit on GME to knock it down, they tossed the other troublemakers for the hedge funds into the same little program. When I started logging data on this program I focused on GME,AMC,KOSS on the 1 minute chart daily.From 4am until 8pm 5 days a week.It was a plain as white bread......and told the story too...
So,Yes,we are still in this program but maybe they loosened the parameters (only guessing by me)meaning GME and AMC don't need to continue tick by tick but if say GME exceeds xxx percentage in a 3 minute period over xxxx percent then AMC follows from that point on until some other parameter is hit,then can back off some.
Example last week,both fell from Friday until Wed at the open at 9:30 am and GME rose from 116 to 192 area.....AMC rose from 8.75 to 12.40 area...(very close verified in another post by me)....But this is an example of where I still stand on this and very sure I am correct in my analysis today...I just wish it would change for AMC...Koss is pretty much relaxed so to speak....AMC's steroid injection has been building and will be exposed at some point in the future.AMC will not just fade away like some articles are alluding to.
Thanks Roll...and jmho.....All is good...There is that 10.26 again from last Friday afternoon.....
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