AMC Entertainment Holdings Inc (AMC)

[Prudent Capitalist]

LOL! "hedgefarts". Interesting term. If you are referring to hedge funds, some did incredibly well yesterday on the spikes in other meme stocks like AMC, i.e. Avis (CAR) and BBBY. As detailed this am, CAR is owned primarily by a few hedge funds, the largest of which made huge bank on paper with the run-up and actually took some profits by selling a portion of its stake. When the dust settles on the meme stock phenomena this year, and in particular AMC and GME, history will likely establish that, aside from a few hedge funds that took hits during the actual squeeze in early 2021, hedge funds were more likely to be invested long than selling short in a big way. But that is not consistent with the continuous fictional spew and hype out of reddit and other social media outlets, or the new cottage industry of amateur day traders masquerading as experts on YouTube.