AMC Entertainment Holdings Inc (AMC)

[MastaBeta]

The idea isn't that we'll all cash out at 1,000 or 10,000 or 100,000 or whatever. The idea is to let it get to the top, whatever that top may be, so we can all get the most out of hedgie. Along with all these "unrealistic" price targets also come the advice "sell on the way down, not the way up." The large numbers are about training people to be patient and not panic sell when the price really starts moving.

I think we can all appreciate your wanting to keep it real. But there is a certain strategy to conditioning everyone to expect larger numbers so that we don't miss out on what could've been.

Will someone make out like a bandit shorting from 500 or 1,000 or 5,000? Sure. But it won't be any of the hedgephucks who pushed it up that high because they were too arrogant to cover at a reasonable level to begin with. They'll already be too overleveraged and probably not even in control of their own portfolios at that point.