You're drinking the kool-aid brother.
Stop listening to these CNBC fools.
Share authorization and share issuance are very different things.
WE DECIDE the market value.
Retail owns 87%+ of the shares here. Buying volume is in the 90% range regularly.
FOLLOW THE DATA and IGNORE THE NOISE!!
I'm assuming you knew before you got in that a squeeze was coming, I'm sure you understood that HUGE hedge funds are manipulating the stock price to cover for shares they sold into the market but never owned and are phantom dark pool data shares that don't need to be reported to FINRA.
Now the stock doesn't move right away and the HF do what WE EXPECTED them to, which is double and triple down even to try and recoup their investment.
This is of no surprise!!!
I encourage you to just chill out and trust the process. Im 20k deep in this atm, and I'm down. I did make a bunch on the run from $7.70-$14 where I recouped my investment but I bought back in heavy at $11 and a little more at $10.20.
I did this KNOWING I could still see some downward pressure.
I'd rather be in and not miss the move then wait for lower and possibly pay more later. A little drawdown in trading is completely common. If you choose to enter with too much capital that it makes you anxious and uncomfortable, maybe trading isn't your thing.
I've learned this the hard way and learned to mitigate my risk to maintain profitability.
I was super skeptical on entering AMC a month ago, but after seeing the exposure and data showing these HF messing with the stock price, It made it a no brainer.
Be calm!! Stay focused, understand the process and the goal here. Stop getting discouraged every time there is negative sentiment as it breeds more and for the love of god, Have fun with it!!! Cause its damn hilarious watching the L2 and it drop like this, cause before every single major squeeze in history, the dip happened before the rip. EVERY. DAMN. ONE!
#PATIENCE