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AMC short squeeze
backthepack
Member Posts: 19,915
backthepack
Member Posts: 19,915
Comments
The harder poont to AMC is that their hedge fund created billions of fake shares* and they’re about to pay the piper for doing it. That’s why they were tanking crypto this weekend. They needed every dime to try to keep this stock from hitting the poont of no return.
To put a 45 minute video into layman’s term. It’s just a matter of when Citadel gets fucked, not if.
*Note, I pump gas not financial advice. Reader assumes all risks.
If I?ve learned anything from my brother who’s pumped gas at Goldman Sachs for the last two decades, that’s Goldman Sachs smelling blood in the water.
LIPO. AMC has set a June 2nd date to count shares and that's when the real fireworks should take place.
This good vs. evil stuff is flat earth level conspiritarding.
June 2nd AMC is also pretty Google-able. And the end result will either be there's no synthetic shares and AMC stock will tumble down abruptly or there will be and the share price will balloon significantly. Game Stop is still a thing for the same reason.
Don't invest yore entire 401k into it. Also don't ignore the fact that some shark didn't just dump a quarter of a billion dollars into AMC stock this morning for their health.
If there really was a short squeeze (which there isn’t) it would be pushed by Goldman or some other IB or large fund anyway.
Putting a chunk of the money "these people" earned me on Dogecoin feels like acceptable risk. Cashing in my long-term positions is bad risk.
But there's definitely some smoke on AMC. The best case scenario for the hedge funds is they're trying to manipulate stock prices long enough to get out of their shorts without it costing them billions and get a slap on the wrist from the SEC. The worst case scenario for them is the naked short rumors are true.
And if you want to see why my distrust of hedge funds is as big as my distrust of Roof and Justin Hopkins, Goldman is calling my brother back into the Death Star on June 14th. He'll talk yore ear off on the Weehawken ferry.
https://public.ortex.com/amc-brings-new-drama-to-the-stock-market/
The value of AMC stock rose almost 20 per cent yesterday, closing at $15.49 a share, its highest closing price since February 1st. ORTEX data shows that, as a result of these price increases, short sellers are down $503m on AMC positions over the past five trading days, with $210m of these losses coming in yesterday’s session.
However, this is still some way away from the scale of losses seen on GameStop short positions which, according to ORTEX data, now amount to almost $12bn year to date, with $426m of these losses coming in the past five trading days...
...As of today, 21.8% of GME’s freefloat and 18.3% of AMC’s freefloat are held in short positions, indicating there is still plenty of room for retail investors to hurt the short sellers. This sequel could well turn out to be a blockbuster in its own rights.
So the shorts on it are right, but as the old adage says "the market can be wrong longer than you can be right"