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Message

re: Holding AMC Thread- Diamond hands unite

Posted on 6/14/21 at 10:56 pm to
Posted by slackster
Houston
Member since Mar 2009
85476 posts
Posted on 6/14/21 at 10:56 pm to
quote:

[/img]



If you’re posting directly from Imgur, just paste it into the post as is. You shouldn’t have to use the img option first.

Posted by demtigers73
Coastal Club
Member since Aug 2014
5536 posts
Posted on 6/15/21 at 4:19 am to
quote:

we push 60+, minimum.


WRONG!

Maybe today?!
Posted by Bazzatcha
Member since May 2017
751 posts
Posted on 6/15/21 at 6:20 am to
quote:

How does that work? Serious question.

If 80% of owners are retail, how can there possibly be enough “Wall Street elites” to be forced to buy the stock from you? The sacred stock count and all of the unhedged options in the world aren’t enough for retail to unload to hedges.

Can someone explain how retail can make all of the money while not also be left holding the bag here?


The theory is that the hedgies have shorted more shares than there are shares available to short creating synthetic shares. How can this be possible? Supposedly via their access to the dark pool market which is a private exchange for trading securities that are not accessible by the investing public. This is why people are having trouble knowing exactly what the short position on AMC is. People are now looking at the Reverse Repo borrowing charts and see it has spiked from almost nothing to over 700 billion in the past few days. The speculation is that the hedges are shorting with borrowed government money and on June 10th, the Feds have asked for over 720 billion be returned within 15 days, which will be by June 25th.
If all this is true and the hedges have been shorting a stock where retail investors own over 80%, the hedges can't possibly get out of their position without paying whatever asking price people set because there just simply aren't enough shares available. Retail investors own the float and margins are getting called.
I understand that most of what I said is a lot of speculation but if any of this comes to fruition, there will be unbelievable gains. This is one of those investments were you don't mortgage your house and take a large position on it but you definitely throw some money that you are willing to lose because the payout could be huge. I'm in for 117 shares at 52 bucks, I don't plan on selling at 100/share either. I think this stock could go for 1k/share and will re-evaluate my thoughts. It could never get there and I could end up selling for 10 bucks a share, I really don't care because I didn't buy AMC to make a quick 1k profit at 15% gains... I bought AMC for the ride and its been pretty fun so far. To all the haters... Its my money and I can piss it away however I want.
Posted by EveryoneGetsATrophy
Member since Nov 2017
2907 posts
Posted on 6/15/21 at 7:16 am to
quote:

Bazzatcha


I don't know if your explanation is correct but it's the only one that I half-arse understand.

This post was edited on 6/15/21 at 7:17 am
Posted by greygoose
Member since Aug 2013
11477 posts
Posted on 6/15/21 at 7:22 am to
quote:

demtigers73


quote:

WRONG!


I'll just leave this here, for the slow-witted to ponder.



[/img]
Posted by greygoose
Member since Aug 2013
11477 posts
Posted on 6/15/21 at 7:30 am to
quote:

The theory is that the hedgies have shorted more shares than there are shares available to short creating synthetic shares. How can this be possible? Supposedly via their access to the dark pool market which is a private exchange for trading securities that are not accessible by the investing public. This is why people are having trouble knowing exactly what the short position on AMC is. People are now looking at the Reverse Repo borrowing charts and see it has spiked from almost nothing to over 700 billion in the past few days. The speculation is that the hedges are shorting with borrowed government money and on June 10th, the Feds have asked for over 720 billion be returned within 15 days, which will be by June 25th.
If all this is true and the hedges have been shorting a stock where retail investors own over 80%, the hedges can't possibly get out of their position without paying whatever asking price people set because there just simply aren't enough shares available. Retail investors own the float and margins are getting called.
I understand that most of what I said is a lot of speculation but if any of this comes to fruition, there will be unbelievable gains. This is one of those investments were you don't mortgage your house and take a large position on it but you definitely throw some money that you are willing to lose because the payout could be huge. I'm in for 117 shares at 52 bucks, I don't plan on selling at 100/share either. I think this stock could go for 1k/share and will re-evaluate my thoughts. It could never get there and I could end up selling for 10 bucks a share, I really don't care because I didn't buy AMC to make a quick 1k profit at 15% gains... I bought AMC for the ride and its been pretty fun so far. To all the haters... Its my money and I can piss it away however I want.
Very succinct!

Your post contains many of the reasons why I continue to trumpet this stock. We are not just talking pocket change, lunch money, maybe a nice vacation funded. This has life-changing possibilities. The stars are all starting to line up, get in now or be sorry you didn't later.

I'm looking forward to seeing the typical people, downvote your post, then some will poo-poo it, just like they did when it was $10, then $15, then $20, and most recently $45. Hell, there was a post yesterday that implied that gains on Mondays, couldn't be held, so I posted the 30 day chart.
Posted by demtigers73
Coastal Club
Member since Aug 2014
5536 posts
Posted on 6/15/21 at 7:33 am to
AMC made it over $60 yesterday?

Posted by EveryoneGetsATrophy
Member since Nov 2017
2907 posts
Posted on 6/15/21 at 7:38 am to
$60.55
Posted by greygoose
Member since Aug 2013
11477 posts
Posted on 6/15/21 at 7:43 am to
quote:

AMC made it over $60 yesterday?
Correct.


[/img]
Posted by greygoose
Member since Aug 2013
11477 posts
Posted on 6/15/21 at 7:45 am to
quote:

AMC made it over $60 yesterday?

Here's another little nugget, just for you! Don't tell anybody!






It will flirt with $70 today!
Posted by ItNeverRains
37069
Member since Oct 2007
25858 posts
Posted on 6/15/21 at 7:46 am to
quote:

WRONG! Maybe today?!


Show us on the doll where AMC touched you.
Posted by elprez00
Hammond, LA
Member since Sep 2011
29476 posts
Posted on 6/15/21 at 7:52 am to
quote:

It will flirt with $70 today!

Sure hope you’re right goose.
Posted by slackster
Houston
Member since Mar 2009
85476 posts
Posted on 6/15/21 at 7:55 am to
quote:

People are now looking at the Reverse Repo borrowing charts and see it has spiked from almost nothing to over 700 billion in the past few days. The speculation is that the hedges are shorting with borrowed government money and on June 10th, the Feds have asked for over 720 billion be returned within 15 days, which will be by June 25th.


So, just so you’re aware, the theory being floated about the Fed reverse repo market is completely backwards. Reverse repos for the Fed are institutions GIVING the Fed cash in exchange for Treasuries, not the other way around. It’s piling up because institutions don’t know what to do with their cash - it is NOT borrowed money from the Fed.

We discussed this Sunday in this thread. Trey’s Trades and others like him that are pushing this narrative are simply wrong. It’s not subjective, they simply don’t understand what reverse repos are.

Lastly, we did the math the other day when the share count information was released - there aren’t enough “synthetic” shares to go around for every retail share. That myth was busted. There are, at best, 492 million retail shares that are holding to sell to 120-150 million shorts/synthetics/unhedged ITM options (and that’s as favorable as you could possibly be). That means 350 million retail shares, at least, are going to be left holding the bag.

I don’t care what you do with your money, but folks should know when they’re being fed bullshite. AMC will likely drift around these prices until people pull their head out of the sand and do a little research on their own.
Posted by greygoose
Member since Aug 2013
11477 posts
Posted on 6/15/21 at 7:56 am to
quote:

Sure hope you’re right goose.
You are in a gunfight. You have are armed with 9mm pistol. Your opponent has an AK-47. You look over your shoulder and there a millions of friends holding pistols too.


We got this.
Posted by Bazzatcha
Member since May 2017
751 posts
Posted on 6/15/21 at 7:56 am to
quote:

It will flirt with $70 today!

Sure hope you’re right goose.


70 is the next resistance level that people are looking at and there is enough data points to suggest it will get there. In the end, this all comes down to the apes (retail investors) and if they decide to cash out for the low hanging fruit or if they continue to hold. If the diamond hands continue to hodl, the price can be whatever we want it to be.
Posted by demtigers73
Coastal Club
Member since Aug 2014
5536 posts
Posted on 6/15/21 at 7:56 am to
$100k maybe
Posted by greygoose
Member since Aug 2013
11477 posts
Posted on 6/15/21 at 7:57 am to
quote:

So, just so you’re aware, the theory being floated about the Fed reverse repo market is completely backwards. Reverse repos for the Fed are institutions GIVING the Fed cash in exchange for Treasuries, not the other way around. It’s piling up because institutions don’t know what to do with their cash - it is NOT borrowed money from the Fed.

We discussed this Sunday in this thread. Trey’s Trades and others like him that are pushing this narrative are simply wrong. It’s not subjective, they simply don’t understand what reverse repos are.

Lastly, we did the math the other day when the share count information was released - there aren’t enough “synthetic” shares to go around for every retail share. That myth was busted. There are, at best, 492 million retail shares that are holding to sell to 120-150 million shorts/synthetics/unhedged ITM options (and that’s as favorable as you could possibly be). That means 350 million retail shares, at least, are going to be left holding the bag.

I don’t care what you do with your money, but folks should know when they’re being fed bullshite. AMC will likely drift around these prices until people pull their head out of the sand and do a little research on their own.
Bookmarked.
Posted by slackster
Houston
Member since Mar 2009
85476 posts
Posted on 6/15/21 at 7:58 am to
quote:

If the diamond hands continue to hodl, the price can be whatever we want it to be.

For ~30% of you, at best, yeah.
Posted by greygoose
Member since Aug 2013
11477 posts
Posted on 6/15/21 at 8:00 am to
quote:

For ~30% of you, at best, yeah.

I love it when you and "the one with soiled drawers" post! Awesome stuff! I do the opposite, and my portfolio keeps going up!
Posted by slackster
Houston
Member since Mar 2009
85476 posts
Posted on 6/15/21 at 8:00 am to
quote:

Bookmarked


, no need to bookmark for a later date, we can verify everything I said in that post right now.

Let’s start with the reverse repo theory…
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