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re: Holding AMC Thread- Diamond hands unite

Posted on 6/9/21 at 2:08 pm to
Posted by slackster
Houston
Member since Mar 2009
89767 posts
Posted on 6/9/21 at 2:08 pm to
quote:

get one vote for each share I own. All of this is reported back from the broker to the company, correct? If TDA, for example says I have 10000 shares, I get 10000 proxy votes. Now, if they add up all the retail votes they disperse, there's your share count.

This is akin to a nation dispersing 200 million ballots for an election, to a nation with only 100 million eligible voters.



, I know the how, I just don’t know why some would disagree with AMC on their reported numbers. If individuals own 80%, then they own 400 million shares. They don’t own 80% of this alleged 2 billion share company, they own 80% of the 500 million one.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
34009 posts
Posted on 6/9/21 at 2:19 pm to
quote:

they own 80% of the 500 million one.


I'm seeing 70% of the 500 million one. Fintel Institutional Ownership

ETA: We've got 40 minutes to rocket ship to $280!!!! BAM is never wrong about his predictions or timing!
This post was edited on 6/9/21 at 2:20 pm
Posted by slackster
Houston
Member since Mar 2009
89767 posts
Posted on 6/9/21 at 2:23 pm to
quote:

I'm seeing 70% of the 500 million one


Fintel is a relatively shitty resource given the limitations of their reporting sources. I’d imagine AMC announces after the bell, but I tend to think WSB types won’t care what he says. He told them individuals owned 80% in March and they didn’t believe him, so I don’t see why they would now.
Posted by Lsut81
Member since Jun 2005
82793 posts
Posted on 6/9/21 at 2:24 pm to
Looks like its trying to push higher… My concern is what happens after hours and not being able to unload.

If she hits 55, I may go out
Posted by southpawcock
Member since Oct 2015
16060 posts
Posted on 6/9/21 at 2:31 pm to
I thought today was going to be the day to get off this train, but looking like tomorrow?
Posted by Sasquatch2020
Member since Oct 2020
519 posts
Posted on 6/9/21 at 2:33 pm to
its coming
Posted by slackster
Houston
Member since Mar 2009
89767 posts
Posted on 6/9/21 at 2:33 pm to
I’ve said it before in this thread, but I don’t think it’s a bad idea to hold at least some original shares just in case these crazy theories are right.
Posted by EveryoneGetsATrophy
Member since Nov 2017
2907 posts
Posted on 6/9/21 at 2:36 pm to
quote:

ETA: We've got 40 minutes to rocket ship to $280!!!! BAM is never wrong about his predictions or timing!



You are like a little 8th grade grammar school girl. Give it a rest.
Posted by greygoose
Member since Aug 2013
12746 posts
Posted on 6/9/21 at 2:37 pm to
quote:

So you still think this is going to skyrocket? Relatively that is..

Yes. The numbers just don't make any sense if there are just 500 million shares. The volume as just been too high, and the sentiment is to hold, not day trade multiple times a day, everyday for a week.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
34009 posts
Posted on 6/9/21 at 2:46 pm to
quote:

You are like a little 8th grade grammar school girl. Give it a rest.


When these claims and predictions are presented with such force and certainty, I can't help but get swept up in it.
Posted by greygoose
Member since Aug 2013
12746 posts
Posted on 6/9/21 at 2:50 pm to
quote:

When these claims and predictions are presented with such force and certainty, I can't help but get swept up in it.
Hey Dumbass, check this out!


[/img]
Posted by RockinDood
Member since Aug 2020
1013 posts
Posted on 6/9/21 at 2:55 pm to
quote:

Hey Dumbass, check this out!





ELI5.

The info in this image… what it means?
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
34009 posts
Posted on 6/9/21 at 2:55 pm to
Cool!

quote:

The info in this image… what it means?


Moon bound, baw.
This post was edited on 6/9/21 at 2:56 pm
Posted by greygoose
Member since Aug 2013
12746 posts
Posted on 6/9/21 at 2:59 pm to
quote:

The info in this image… what it means?

Chitstain will be along in a minute to say this means nothing. AMC is worth less than $7.50/share and he's going to buy more puts at that price.


Do the opposite of what he says.
Posted by RockinDood
Member since Aug 2020
1013 posts
Posted on 6/9/21 at 2:59 pm to
I mean for real though. What are they saying?
Posted by Sasquatch2020
Member since Oct 2020
519 posts
Posted on 6/9/21 at 2:59 pm to
quote:

greygoose


i mean you can lead these boys to water and

you can just get this weird feeling while on stocktwits its coming to a head! they doubled down today from what i am reading. I started to entertain 35-50K in my head again vs 10K

Posted by AbitaFan08
Boston, MA
Member since Apr 2008
27697 posts
Posted on 6/9/21 at 2:59 pm to
I keep seeing people say that a share count is happening today. What’s the deal.
Posted by greygoose
Member since Aug 2013
12746 posts
Posted on 6/9/21 at 3:03 pm to
quote:

i mean you can lead these boys to water and

you can just get this weird feeling while on stocktwits its coming to a head! they doubled down today from what i am reading. I started to entertain 35-50K in my head again vs 10K
I've used that term repeatedly! Seems like we told them over and over what was going to happen. When it was $7, $10. and $!4, and the usual crowd kept attacking our message. Now it sits at $49 and they still kept shooting those arrows.

Posted by slackster
Houston
Member since Mar 2009
89767 posts
Posted on 6/9/21 at 3:07 pm to
quote:

mean for real though. What are they saying?


They’re saying that the Ortex estimated short shares were under by about 18% as of 5/28. Ortex comes up with their number by updating exchange reported data every two weeks plus daily on loan numbers. Ortex thought fewer shares were short because a lot of shares were returned from the 5/14 number, but apparently that wasn’t the case.

That being said, there are only 87 million shares currently on loan, so current legal shorts can’t be higher than that.
Posted by greygoose
Member since Aug 2013
12746 posts
Posted on 6/9/21 at 3:08 pm to
BOOM!

quote:

As of June 2, AMC had approximately 4.1 million shareholders eligible to vote at the upcoming Shareholder Meeting
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