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re: Holding AMC Thread- Diamond hands unite

Posted on 3/10/21 at 8:06 am to
Posted by greygoose
Member since Aug 2013
11475 posts
Posted on 3/10/21 at 8:06 am to
quote:

Can y’all explain why AMC hasn’t skyrocketed to the 100s yet like GME?

Easy. The squeeze hasn't happened yet. If shareholders hold, it is inevitable. There is a finite amount of the stock. Utilization is at 100%. Shorts who haven't covered, are paying 14% interest RIGHT NOW on that debt. Just that alone, makes it inevitable. Meanwhile, the hedges that are upside down on this, are doing everything they can to get the price down. Massive short-ladder attacks, all kinds of psychological games, etc. Now throw in the new SEC rules, their rope just got massively shortened.
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