AMC Entertainment Holdings Inc (AMC)

[mgirardi]

Something I saw on the FB AMC Investor page which was copied from Reddit:

Can we talk about stock market implosion?

I had a 2 hour discussion with a very seasoned banker tonight and my mind is blown! Between banks offloading cash (liability) to the government in exchange for treasury bonds (asset) to the tune of $2.3T/day (reverse repo); to the SEC trying to tighten a lid on a coke bottle filled with mentos, which by the way was his analogy, our market is going to implode. I know it’s been discussed here but this shit is real. His point was how the government has literally been 100% feeding the beast. We all knew this. But get this, talking to a 65 year old man that’s been in the industry for his whole working career, I ask, why. His response, “over leveraged HF’s shorting 80% of the market”. He estimated that there was 2,500 stocks targeted that have been shorted well beyond shares available and roughly 200 of those have been shorted over 10X+ their outstanding shares. Again, this dude has been in the game for 30 years, he’s never seen such unregulated shorting in his life. He predicts we will see a market crash like we’ve never seen in our lifetime. It’s happening and it’s going to wipe out HF’s from A-Z. It’s also going to pull the rug on the whole US economy. So how do we prepare? “Put your chips in the 200 + stocks I eluded to”. Checkmate.