At one point last week there was 280,000,000 shares on buy at $5.50, not all HF are evil pieces of sh! that short companies out of the abilities to raise capital, these HF have joined the cause to teach predator shorts a lesson.
Predatory shorts are trapped bellow $5.50 as soon as the borrowing fees start to escalate the squeeze starts.
As of Friday borrowing fees where 2.43%. During the squeeze, that was stopped by Robinhood and other brokers, this fee was ~21%. What happened was illegal market manipulation on a scale that has never been public before but likely occurs daily on a smaller scale. Robinhood had to raise more capital to offset risk and suspend trades due to this escalation of borrowing fee. A free market would have allowed the squeeze on 2-27.
Make no mistake, we are in the drivers seat this week regardless of what the share price trades at. Market Makers had to naked short the crap out of AMC to keep liquidity and the borrowing fees under control...this won’t happen forever.... on 2-27 only 1/2 the volume of AMC trades where reported to FINRA! Market Makers will be the target of congressional probes.
Congress meets Thursday to discuss the GME/AMC short squeeze, make sure you write your representatives and relay the above....short squeezes are part of a healthy market to bankrupt predators.
BB
News 
Market Data 
Discover 
AI
