re: Holding AMC Thread- Diamond hands unite

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They're forced to buy every stock in the 1000? And hold every one for a year? Sorry, but that sounds like bullshite.

Link?

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If the stock is in the index, an index fund must buy it. That’s the entire idea with passive funds/ETFs. That being said, Russell has said neither GME nor AMC will be moved into the 1000 at the moment, even though their market cap would suggest they do. Also, if they move into the 1000 then they fall out of the 2000, so it’s not like it’s purely institutional adds. There will be sales because of the change too.

What are you expecting from AMC movement today?

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What are you expecting from AMC movement today?

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I’d imagine the stock stays relatively flat until the share announcement, and then, who knows? If they come out and say retail owns 250% or the shares outstanding, then it likely skyrockets. If they come out and say retail owns 80-100%? You would think the stock plummets because the naked shorts idea would be blown up at that point, but I’m not convinced this stock will do what it’s supposed to do any time soon.

And when are they supposed to announce the ownership of stocks?

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individual shareholder count

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share count

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So which are we getting? Both? After many searches I've found no information on how this alleged share count would actually work and how it would reveal information that is not captured elsewhere all along.

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Don’t be upset, you can share your thoughts on the price movement today too. Still sticking with an 80% up move?

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Upset? You have me very misunderstood! I am ecstatic!

Here's what I think:

Looking at trading in the early morning hours, it appears that hedges really are trying to drive the price down ahead of the news, in order to create some panic in retail. That, and a concerted effort to push CLOV. As you know, retail has no ability to trade before 7am, and most retail can't trade until the bell. Yet, the price has been dropped on a relatively small amount of shares.

Now let's talk charts. Bollinger bands have narrowed over the last few trading days, and if you don't know what that indicates, I'll help you out. That is a strong indication that price is about to increase.

Now combine what we know. 80% of AMC stock is owned by retail. Calls are exploding in price. The financial news stations are increasingly doing pro-squeeze segments, and basically saying what has been said on various forums for months. Downward price movement during times when retail has limited ability to trade. News is imminent. Chart indicates consolidation over the last few trading days.

All that just reinforces my belief that a sharp increase in price is on the horizon. The hedges will put up a fight initially, but when the first one starts covering the rest will fall in line and that's when we see the fireworks. Today just may be the day, that some will remember as the day they became rich.

Just for a historical analogy, I'll also post this. Do you see the similarities?
LINK

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I gave an EXAMPLE using a very well known index fund. Does your feeble brain not realize that other funds do the same?

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And they're all required to hold for 1 year? I still don't see that requirement anywhere in writing.

And, of course there's this little tidbit which I would say is relevant. But of course you either intentionally left this out or didn't pick it up yourself.

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How to Tell If AMC, GameStop Can Make the Russell 1000

Joanna Ossinger

June 8, 2021, 1:18 am

(Bloomberg) -- The Russell Reconstitution is a big deal every year, but this time, potential changes for GameStop Corp. and AMC Entertainment Holdings Inc. make it interesting for a broader swath of investors than normal.
The annual reconstitution of Russell’s U.S. family of indexes accounts for market changes in the previous year, and it affects more than $10.6 trillion in investor assets benchmarked to, or invested in, products based on the Russell U.S. Indexes, according to its website. Trading volumes on U.S. exchanges also tend to be among the heaviest of the year around the event.
Will AMC and GameStop be moved into the large-cap Russell 1000 from the small-cap Russell 2000? The key date was May 7.

The reconstitution ranks and market cap breaks for the Russell Indexes are determined based on information available on rank day -- this year, May 7 -- according to Catherine Yoshimoto, FTSE Russell’s director of product management. An existing Russell 2000 index member would have had to have a total market cap exceeding $7.3 billion in order to move into the Russell 1000 index, she said.
Going by that, AMC -- with a market cap of $4.28 billion on May 7 -- would fall short of inclusion, while GameStop and its $11.97 billion market cap would make it.

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But hey, maybe you're talking about mid-year 2022

BAM still saying we are hitting 280 today?

This is no bueno.