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re: Holding AMC Thread- Diamond hands unite

Posted on 5/24/21 at 7:04 pm to
Posted by NoSaint
Member since Jun 2011
12674 posts
Posted on 5/24/21 at 7:04 pm to
quote:

ready for one of them to land a knockout blow...


My bank account is team grey goose
Posted by AbitaFan08
Boston, MA
Member since Apr 2008
27902 posts
Posted on 5/24/21 at 7:09 pm to
Mine too.
Posted by greygoose
Member since Aug 2013
15038 posts
Posted on 5/24/21 at 7:33 pm to
quote:

It's more like a pillow fight.

Slackster won when he bit it.
Posted by greygoose
Member since Aug 2013
15038 posts
Posted on 5/24/21 at 7:37 pm to
quote:


Hard to take your advice when you’ve been right about AMC exactly 1 time in this thread. I expect some reversion to the mean for your next few predictions.

Okay, here's my bold prediction and action if it doesn't happen. AMC will hit $50/share by July 29th. If it doesn't, I will be done with it and sell off my shares.
Posted by AbitaFan08
Boston, MA
Member since Apr 2008
27902 posts
Posted on 5/24/21 at 8:18 pm to
Oh damn. Well here we go!
Posted by CajunTiger78
Member since Aug 2017
2879 posts
Posted on 5/24/21 at 8:26 pm to
quote:

My bank account is team grey goose


Yep
Posted by greygoose
Member since Aug 2013
15038 posts
Posted on 5/24/21 at 9:21 pm to
quote:

Oh damn. Well here we go!
In the famous words of Arthur FonzerellI, "Exactamondo!"

Margin calls are imminent in regards to Citadel. Way over extended, and recently bought a large number of shares of AMC, not to hedge, but to use to keep the price down. Dark pool trading for this stock is near 50% everyday. WHY? Share count will expose tons of synthetic shares. Probably somewhere near the outstanding share count. Summer movie revenues will add fuel to the AMC fire. The new SEC commissioner has recently made public statements that don't sound very good for market makers who manipulate pricing. Utilization rate is ALWAYS in the 90+ percentile. Amount of shares available to borrow for shorting is extremely low. Open interest on June 18th $40 CALLS now sits at 139K! The price for these contracts have increased 14.49%. There is 250K people watching this stock on Stocktwits, ALONE! The 14% increase in price today, was with several foreign markets CLOSED for a religious holiday.

This is a lottery ticket, and you are already given the first 5 numbers.
Posted by greygoose
Member since Aug 2013
15038 posts
Posted on 5/24/21 at 10:00 pm to
Good info, reported by a Seeking Alpha. Tons of synthetic shares.

LINK

Posted by CajunTiger78
Member since Aug 2017
2879 posts
Posted on 5/24/21 at 10:47 pm to
Good stuff
Posted by slackster
Houston
Member since Mar 2009
91836 posts
Posted on 5/24/21 at 10:56 pm to
quote:

Good info, reported by a Seeking Alpha. Tons of synthetic shares.



I respect the balls it takes to post a video saying AMC is going to $1k and then $100k as if it’s legitimate research.

The guy doesn’t even realize the AMC share count is 493MM, for starters.
This post was edited on 5/24/21 at 10:59 pm
Posted by NoSaint
Member since Jun 2011
12674 posts
Posted on 5/25/21 at 6:21 am to
quote:

$1k and then $100k as if it’s legitimate research.


Yup. That stuffs crazy.

But to see a nice pop at some point in the next 30-60 days wouldn’t be insane.
Posted by Jag_Warrior
Virginia
Member since May 2015
4292 posts
Posted on 5/25/21 at 8:00 am to
quote:

I know you can't use margin to buy the stock. As far as anything else, I have no idea.


As of this morning at least (and it’s always subject to change), I’m not seeing any restrictions in my account. Could be because I have portfolio margin, but looks like I can sell the options naked or buy the stock and use margin - although margin for the stock is at 70%.
Posted by greygoose
Member since Aug 2013
15038 posts
Posted on 5/25/21 at 8:38 am to
quote:

Down 2.5% since your post. God doesn’t like meanies.

You were saying?
Posted by PennyPacker
Where things are bigger and better
Member since Jan 2010
1070 posts
Posted on 5/25/21 at 8:47 am to
LINK

BAM Investor video... Could be some valuable information for those looking at AMC. I am posting on this thread specifically because of his modeling regarding AMC and the forecast/outlook of the company... nothing to say regarding the squeeze, which is not the point. The point to me is, what is the likelihood I will take a major hit on my investment? It gives me confidence that while the stock may have highs and lows the model projects a bullish sentiment. Whether that is $20 or "the moon" as some like to say.... good luck.
Posted by slackster
Houston
Member since Mar 2009
91836 posts
Posted on 5/25/21 at 8:50 am to
quote:

You were saying?


Would be big for the stock to hold $14 for a couple days. This is the area where it’s seen resistance the last few rallies.
Posted by greygoose
Member since Aug 2013
15038 posts
Posted on 5/25/21 at 8:59 am to
quote:

Would be big for the stock to hold $14 for a couple days. This is the area where it’s seen resistance the last few rallies.

According to iborrowdesk.com, there is only 90K shares available to short. Volume is at 27 million and it's just now 9am Central.

May see $15.50+ today.
Posted by greygoose
Member since Aug 2013
15038 posts
Posted on 5/25/21 at 9:11 am to
Ummmm.....no more shares to borrow to short!

From iborrowdesk.com:

Recent Data
Fee Available Updated
5.8 % 1,000 2021-05-25 10:00:04
Posted by Sasquatch2020
Member since Oct 2020
519 posts
Posted on 5/25/21 at 9:29 am to
i just love everyone on stockwits and reddit constantly reminding everyone to not fall for the fake squeeze to 100 or 500 or even 1000

100K baby!!!
Posted by slackster
Houston
Member since Mar 2009
91836 posts
Posted on 5/25/21 at 9:36 am to
quote:

i just love everyone on stockwits and reddit constantly reminding everyone to not fall for the fake squeeze to 100 or 500 or even 1000

100K baby!!!


What’s the point of owning a stock in a short squeeze if you can’t actually edit the trade and take your profits?

The squeeze in January of AMC and GME didn’t fail because trading halts, it ultimately “failed” because retail sold.
Posted by greygoose
Member since Aug 2013
15038 posts
Posted on 5/25/21 at 9:37 am to
quote:

i just love everyone on stockwits and reddit constantly reminding everyone to not fall for the fake squeeze to 100 or 500 or even 1000

100K baby!!!
We are approaching lift off! Probably will run for a few days, then BAM!!! Straight up! Some will sell for a nice profit, but the big money is when the stock count is announced.
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