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re: Holding AMC Thread- Diamond hands unite
Posted on 6/1/21 at 12:53 pm to Lsut81
Posted on 6/1/21 at 12:53 pm to Lsut81
quote:
Does the sale of 8.5m shares to Mudrick Capital sway this thing one way or the other?
Does it show legit investment from an institution and increase the value or does Mudrick help out their boys and manipulate down in one way or another?
Genuinely don’t know, asking as a novice.
quote:
Mudrick Capital has already sold the 8.5M shares of AMC Entertainment (NYSE:AMC) +20.3% it acquired this morning.
Mudrick sold the shares for a profit after paying $230.5M, Bloomberg reports, citing a person familiar with the matter.
At the same time, Mudrick is telling clients AMC is "massively overvalued," according to Bloomberg.
Seeking Alpha news
Well as expected
5
Posted on 6/1/21 at 1:04 pm to slackster
Y’all just stfu on this and just discuss how it looks going forward not who has the biggest fricking balls good lord
Posted on 6/1/21 at 1:16 pm to UltimaParadox
quote:
Well as expected
Look guys I don’t know shite about stocks. But that seems like some frickery.
With all the cloak and dagger shite going on, you can’t help but wonder if there actually is something to it. Stock is still climbing.
Posted on 6/1/21 at 1:20 pm to UltimaParadox
I think Mudrick owns some of their bonds. Seems like an underhanded way to pay off debt with everyone involved profiting. Not sure this is legal, but seems like collusion. If the IV wasn't so high I'd buy some puts on AMC.
this is not financial advice
this is not financial advice
This post was edited on 6/1/21 at 1:21 pm
Posted on 6/1/21 at 1:21 pm to UltimaParadox
quote:
Well as expected
And yet there is still support. They can say it's overvalued but people are still buying.
Posted on 6/1/21 at 1:27 pm to UltimaParadox
quote:
Seeking Alpha news
Well as expected
So there was frickery going on, just not what I thought....
Posted on 6/1/21 at 1:37 pm to Lsut81
People on Stocktwits are trying to get a massive short sell going on MUDS
Posted on 6/1/21 at 1:48 pm to Delacroix22
So does this mean we buy MUDS and screw the short-sellers?!?!?!!?! GIT EM!!!! 
Posted on 6/1/21 at 1:50 pm to The Melt
Got some puts on MUDS earlier. I don’t really care about AMC, I only have a few shares, but those scumbags doing this dirty dealing deserve to get shorted into the ground
Posted on 6/1/21 at 1:52 pm to Upperdecker
There definitely seems to be some shady stuff going on, but the price keeps going up.
No idea how this ends, but it’s been an interesting ride so far
No idea how this ends, but it’s been an interesting ride so far
Posted on 6/1/21 at 1:54 pm to AbitaFan08
The popularity is causing people to continue pouring in with buys. This isn’t shorts covering, it’s momentum buying and out of touch retail buying looking for a second GME. It’s actually impressive. I’m running a trailing stop loss on my few shares. I don’t believe in the stock or a true short squeeze occurring, but nothing wrong making money where it’s clear there’s money to be made still
Posted on 6/1/21 at 2:00 pm to boogiewoogie1978
quote:
And yet there is still support. They can say it's overvalued but people are still buying.
I don’t believe there are any sane people who think AMC is a $14B company in the intermediate to long term.
Buying AMC at these prices is done with the hopes a hedge fund or two will take it off your hands at $40+ in the next few days/weeks.
The problem is that there are unlikely to be enough shorts out there to buy every retail share, but that narrative doesn’t fly well, so the diamond hands bit will hopefully keep the stock price up enough for another retail shareholder to pick up the bag.
Personally, I applaud the entire effort to separate fools from their money - whether that be hedges or retailers.
Posted on 6/1/21 at 2:01 pm to Upperdecker
I’ll add that I don’t believe in the short squeeze here, just not enough shorts to create true firepower ala GME. But the popularity pouring in with buys is enough for some money to be made
Posted on 6/1/21 at 2:09 pm to Upperdecker
quote:It's not just about the "reported" shorts, it's the billions of synthetic shares that almost assuredly exist.
I’ll add that I don’t believe in the short squeeze here, just not enough shorts to create true firepower ala GME. But the popularity pouring in with buys is enough for some money to be made
Posted on 6/1/21 at 2:11 pm to UltimaParadox
quote:
At the same time, Mudrick is telling clients AMC is "massively overvalued," according to Bloomberg.
I mean...no shite
This post was edited on 6/1/21 at 2:11 pm
Posted on 6/1/21 at 2:11 pm to greygoose
quote:
the billions of synthetic shares that almost assuredly exist.
I want to make an AMC bingo card, and "synthetic shares" will basically be the free square
Posted on 6/1/21 at 2:14 pm to Chucktown_Badger
quote:
I want to make an AMC bingo card, and "synthetic shares" will basically be the free square
quote:Let me ask you a very straightforward question. If there are 493 million outstanding shares, do you think the volumes we've seen the last 7 trading days is due to day traders?
I want to make an AMC bingo card, and "synthetic shares" will basically be the free square
Posted on 6/1/21 at 2:17 pm to greygoose
Keep in mind, the entirety of the reported outstanding shares, will be traded by the bell today, ALONE.
Posted on 6/1/21 at 2:27 pm to greygoose
Crickets.....
Posted on 6/1/21 at 2:31 pm to greygoose
Anything above 30 today is a W in my mind
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