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re: Holding AMC Thread- Diamond hands unite

Posted on 6/10/21 at 6:51 am to
Posted by Lsut81
Member since Jun 2005
80087 posts
Posted on 6/10/21 at 6:51 am to
How dose the lack of volume relative to what we were seeing last week impact anything?

I mean yesterday, there were only 132m shares… I think everyday last week was over 400m.

Does the lack of volume help keep the price steady?
Posted by slackster
Houston
Member since Mar 2009
84607 posts
Posted on 6/10/21 at 7:00 am to
quote:

How dose the lack of volume relative to what we were seeing last week impact anything?


I would say the lower volume on these down days is a positive for longs. It’s still high, but on a relative basis it’s lower than the last two weeks. At least people aren’t dumping en masse, but the buying has obviously also been muted. This goes back to the idea that money is being spread thin among too many meme stocks.

Idk, I’d say the lower volume combined with a down day, but not a massive down day, is a good thing.

To answer your last question, these volumes relative to last week should mean a bit more stability. Low volumes in and of themselves don’t mean stability, but lower than 100% of the float is a good thing.
Posted by honeybadger07
The Woodlands
Member since Jul 2015
3263 posts
Posted on 6/10/21 at 7:09 am to
quote:

you had the data to shine the light on naked shorts that have been trying to destroy your company stock,


You wouldn’t say this whole naked short speculation actually saved the company?

Price was in the shittier, they raised a shite load of money by issuing more shares, diluted existing shares but stock price still went up and has held in $50 range…I dunno….Why would the AMC CEO not like “apes” causing his stock (his pocketbook) to sky rocket? And then use it to entice more retails buyers?

Do CEO’s play to this type of tactic more in the future? Appeal more to retail investors then the funds? Probably very risky?

I don’t know wtf is up with this stock….all I do know is that it appears to be a good thing to have your company caught up in this meme stock shite….but, I’m an engineering background not finance so I could very well be missing something part of the bigger picture.
Posted by slackster
Houston
Member since Mar 2009
84607 posts
Posted on 6/10/21 at 7:17 am to
quote:

You wouldn’t say this whole naked short speculation actually saved the company?


That’s the point I was making, sorry if I’m unclear.

The speculation has been that this is just the tip of the ice berg and eventually Aron, AMC, and the apes will expose all of the underwater size of this.

Yesterday was a chance for that to happen, if it was real, and Aron didn’t do it. He couldn’t have been more vague. That leads me to believe he’s far more interested in stringing this along as long as he can - as he should. Apes think exposing the synthetic shares and illegal shite would send the stock flying. Aron clearly thinks being vague and exposing nothing is better for the company and the stock.

Seems pretty obvious to me that the synthetic thesis is done. Aron could have delivered the apes exactly what they wanted if it was real. Instead he told them the truth in a way that gave them wiggle room to keep the dream alive.

Genius. Truly.
Posted by PennyPacker
Where things are bigger and better
Member since Jan 2010
1028 posts
Posted on 6/10/21 at 7:22 am to
quote:

Fintel can’t really be trusted FYI. Their information is way outdated.


That's why I checked 4 different sites and used the one that produced the least share discrepancy, Fidelity. It was still almost 100 M over.

quote:

I think the most likely answer is that all the cryptic BS is simply to feed into the ape mentality for as long as possible.


So you think AMC is misleading the public with the message of 4.1 M retail investors that own an avg of 120 shares which is 492M shares vs. the narrative that the system has created a synthetic share problem? Look, I am not gonna argue how many are out there, because honestly I don't know if anyone can really ever know.... but for me there is NO doubt there is a bunch of manipulation BS going on. This is not me predicting some squeeze price or anything else, its just saying those are a bunch of lying MF'ers period... anyone who can't believe all the REAL data thats out there... well I don't know what to tell you.
Posted by WDE24
Member since Oct 2010
54132 posts
Posted on 6/10/21 at 7:25 am to
quote:

4.1 M retail investors that own an avg of 120
That’s not what the press release said. It said there were 4.1 million individual voters, not retail investors. Then, it said that retail accounts for approximately 80% of outstanding shares at 120 per. Those are two separate statements.
This post was edited on 6/10/21 at 7:25 am
Posted by slackster
Houston
Member since Mar 2009
84607 posts
Posted on 6/10/21 at 7:30 am to
quote:

So you think AMC is misleading the public with the message of 4.1 M retail investors that own an avg of 120 shares which is 492M shares


I think they’re being intentionally vague, and your quote is a perfect example. They didn’t say there were 4.1 million retail investors, and they didn’t say those investors average 120 shares per person. They used the word individual investors and the word retail in different sentences. Intentionally vague.

There are probably 4.1 million individual investors, but that includes institutions and insiders. Retail owns around 80% and averages 120 or so shares per account, so 400MM/120 = 3.33 million retail investors.

They also talked about eligibility to vote, and shares on loan aren’t eligible to vote. As a result, retail could own 492MM votes, but the 100+ million shares on loan would take the votes away from the institutions that loaned them. It’s not very difficult to make the numbers match up to any narrative, and AMC did that on purpose IMO.
Posted by PennyPacker
Where things are bigger and better
Member since Jan 2010
1028 posts
Posted on 6/10/21 at 7:39 am to
"As of June 2, AMC had 501,780,240 total outstanding shares. AMC’s number of shareholders in the U.S. and abroad has increased to about 4.1 million, and you own more than 80% of AMC. While some own more and some own less, the average stockholding for AMC is about 120 shares." Adam Aron's exact tweet
Posted by WDE24
Member since Oct 2010
54132 posts
Posted on 6/10/21 at 7:43 am to
quote:

As of June 2, AMC had 501,780,240 total outstanding shares. AMC’s number of shareholders in the U.S. and abroad has increased to about 4.1 million, and you own more than 80% of AMC
that isn’t what he said

quote:

The number of investors who want to own a part of AMC continues to increase and now stands at approximately 4.1 million. More than 80% of AMC shares are held by a broad base of retail investors with an average holding of around 120 shares. Some hold more and some hold less, however, each and every shareholder is important to AMC. Each shareholder has a critical role to play in AMC’s future by having their voice heard by voting at our upcoming Shareholder Meeting. By voting in favor of the proposals, together we can help position AMC, in its 101st year of business, for continued success over the next century.”


ETA: it seems clear that many are getting info from the same source that is intentionally misleading
This post was edited on 6/10/21 at 7:50 am
Posted by PennyPacker
Where things are bigger and better
Member since Jan 2010
1028 posts
Posted on 6/10/21 at 7:52 am to
quote:

that isn’t what he said


I copied and pasted his tweet. LINK

Posted by WDE24
Member since Oct 2010
54132 posts
Posted on 6/10/21 at 7:55 am to
That tweet is a condensed version of the longer press release. You are still conflating 2 numbers that don’t equate. The total number of investors does not equal the number of retail investors that own 80%.
4.1 million is the total number of investors eligible to vote, not just the retail that owned 120 shares on average.
This post was edited on 6/10/21 at 7:58 am
Posted by slackster
Houston
Member since Mar 2009
84607 posts
Posted on 6/10/21 at 8:12 am to
quote:

AMC’s number of shareholders in the U.S. and abroad has increased to about 4.1 million, and you own more than 80% of AMC.


Considering the press release and the fact he’s addressing retail on Twitter, I think he means 4.1 MM total, and you (retail) own 80% of the 501MM.

Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
31032 posts
Posted on 6/10/21 at 8:24 am to
quote:

Considering the press release and the fact he’s addressing retail on Twitter, I think he means 4.1 MM total, and you (retail) own 80% of the 501MM.


This was the exact info I worked with to do the math yesterday that sent greyparrot into a tailspin.
Posted by ItNeverRains
37069
Member since Oct 2007
25386 posts
Posted on 6/10/21 at 8:46 am to
Back in for 650 shares at 49.90.
Posted by Bazzatcha
Member since May 2017
742 posts
Posted on 6/10/21 at 9:37 am to
AMC has been in a tug-o-war with the 50 dollar price since yesterday and this makes zero sense. The paper hands all have a price and if it was 50, they would have jumped days ago or early yesterday. If there are so many people hodl/ diamond hands, they wouldn't sell at 50 either. Who keeps selling when the shite is going up?
Posted by 44tiger
Member since Aug 2013
933 posts
Posted on 6/10/21 at 9:44 am to
none of the AMC price action makes sense today and yesterday.
Posted by ItNeverRains
37069
Member since Oct 2007
25386 posts
Posted on 6/10/21 at 9:46 am to
Should have waited lol:

Inflow vs outflow is absurd
This post was edited on 6/10/21 at 9:49 am
Posted by SCgamecock2988
Member since Oct 2015
14056 posts
Posted on 6/10/21 at 9:52 am to
Are we going to see $60+ again?
Posted by WDE24
Member since Oct 2010
54132 posts
Posted on 6/10/21 at 9:59 am to
quote:

Are we going to see $60+ again?
maybe
Posted by SCgamecock2988
Member since Oct 2015
14056 posts
Posted on 6/10/21 at 10:22 am to
Damn I'd be happy to see $50 again now.
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