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re: Holding AMC Thread- Diamond hands unite

Posted on 6/30/21 at 7:28 am to
Posted by slackster
Houston
Member since Mar 2009
91836 posts
Posted on 6/30/21 at 7:28 am to
Nice find. Fwiw, I believe the %.5 outstanding threshold is for the full 5 day aggregate, not every single day. In other words, there are at least 2.56 million FTDs. Could be 50 million, but it’s at least 2.56 million.
Posted by cgrand
HAMMOND
Member since Oct 2009
48643 posts
Posted on 6/30/21 at 7:28 am to
quote:

However, the fact that it’s struggled to break $60 or $40 after running up to $72 four weeks ago is kind of a dud for the purposes of the thread.

“kind of a dud”???
it’s a 5 dollar stock now trading at 60 LOL

gimme that kind of dud all day long
Posted by slackster
Houston
Member since Mar 2009
91836 posts
Posted on 6/30/21 at 7:33 am to
quote:

kind of a dud”???
it’s a 5 dollar stock now trading at 60 LOL

gimme that kind of dud all day long


For the purposes of the thread.

The stock consolidating after the meteoric rise has led to a much slower thread. That was the context of the original post to which I replied.
Posted by ItNeverRains
Offugeaux
Member since Oct 2007
28166 posts
Posted on 6/30/21 at 7:57 am to
quote:

Nice find. Fwiw, I believe the %.5 outstanding threshold is for the full 5 day aggregate, not every single day. In other words, there are at least 2.56 million FTDs. Could be 50 million, but it’s at least 2.56 million.


Simplest explanation being most likely. If it’s only 2.56M why not cover? Hell take a new short position on the way down to FMV.
Posted by greygoose
Member since Aug 2013
15038 posts
Posted on 6/30/21 at 9:08 am to
quote:

Simplest explanation being most likely. If it’s only 2.56M why not cover? Hell take a new short position on the way down to FMV.

That logic makes too much sense, right? Meanwhile, Negative Nancys have been telling us the short interest isn't high and we are foolish to think otherwise.
Posted by NOLAGT
Over there
Member since Dec 2012
14006 posts
Posted on 6/30/21 at 10:39 am to
quote:

Where there’s smoke


So this is a good thing?
This post was edited on 6/30/21 at 10:42 am
Posted by slackster
Houston
Member since Mar 2009
91836 posts
Posted on 6/30/21 at 6:50 pm to
quote:

Simplest explanation being most likely. If it’s only 2.56M why not cover? Hell take a new short position on the way down to FMV.


It wasn’t on the list Thursday, so it seems unlikely to be some gargantuan FTD number.

Still good news for longs though.
Posted by ItNeverRains
Offugeaux
Member since Oct 2007
28166 posts
Posted on 7/1/21 at 7:16 am to


Interesting if remotely accurate.
Posted by EveryoneGetsATrophy
Member since Nov 2017
2907 posts
Posted on 7/1/21 at 7:37 am to
quote:

Interesting if remotely accurate.


Which means what?
Posted by greygoose
Member since Aug 2013
15038 posts
Posted on 7/1/21 at 7:42 am to
quote:

ItNeverRains
I just read that. Of all the people who post and tweet about the inner workings of the market, Andrews is above all. This guy knows what he's talking about.
Posted by greygoose
Member since Aug 2013
15038 posts
Posted on 7/1/21 at 7:43 am to
quote:

Which means what?
It means that there are a LOT more short positions than has been reported by organizations like Ortex.
Posted by ItNeverRains
Offugeaux
Member since Oct 2007
28166 posts
Posted on 7/1/21 at 7:58 am to
quote:

It means that there are a LOT more short positions than has been reported by organizations like Ortex.


I didn’t think it was that difficult to understand.
Posted by EveryoneGetsATrophy
Member since Nov 2017
2907 posts
Posted on 7/1/21 at 8:23 am to
So it will touch $60 and settle back down in the mid $50's?
Posted by ItNeverRains
Offugeaux
Member since Oct 2007
28166 posts
Posted on 7/1/21 at 9:02 am to
quote:

So it will touch $60 and settle back down in the mid $50's?


If the tweet from my initial post is correct, I don’t see how it doesn’t run up much higher than 60. But again I’m just posting someone else’s opinion. I don’t claim to have any of the insider knowledge the poster in the tweet is claiming to have.
This post was edited on 7/1/21 at 9:04 am
Posted by PetroBabich
Donetsk Oblast
Member since Apr 2017
5129 posts
Posted on 7/1/21 at 9:08 am to
quote:

I don’t see how it doesn’t


Do you see how it does though?
Posted by ItNeverRains
Offugeaux
Member since Oct 2007
28166 posts
Posted on 7/1/21 at 9:22 am to
quote:

Do you see how it does though?


Assuming this guy is remotely close to being correct 100%. I don’t have a meeting until 11am so we can do this back & forth until then
Posted by slackster
Houston
Member since Mar 2009
91836 posts
Posted on 7/1/21 at 11:15 am to
Misread.
This post was edited on 7/1/21 at 11:17 am
Posted by slackster
Houston
Member since Mar 2009
91836 posts
Posted on 7/1/21 at 11:29 am to
I enjoy how quickly the apes pick up and dump information resources. Ortex was super valuable when it was showing a rise in SI and the stock was going postal to begin June, but when the stock flattened out and SI was coming down on Ortex, everyone flipped the script to explain it all away.

It used to be all about utilization rates and short interest borrow rates, but you don’t hear much about that anymore either. Now it’s about threshold securities and FTDs even though AMC hasn’t been on the list for much of its run.

Not sure what happened to all the SEC rules that were supposed to be game changers.

AMC is like any good conspiracy - the only data that can be trusted is the data we like, and if that data changes to go against the narrative, it’s obviously because the resource has been compromised.
Posted by greygoose
Member since Aug 2013
15038 posts
Posted on 7/1/21 at 11:44 am to
quote:

I enjoy how quickly the apes pick up and dump information resources. Ortex was super valuable when it was showing a rise in SI and the stock was going postal to begin June, but when the stock flattened out and SI was coming down on Ortex, everyone flipped the script to explain it all away.

It used to be all about utilization rates and short interest borrow rates, but you don’t hear much about that anymore either. Now it’s about threshold securities and FTDs even though AMC hasn’t been on the list for much of its run.

Not sure what happened to all the SEC rules that were supposed to be game changers.

AMC is like any good conspiracy - the only data that can be trusted is the data we like, and if that data changes to go against the narrative, it’s obviously because the resource has been compromised.


According to Ortex, short interest is right around 20%. The the shorts could have covered at a much lower price than the current $55, why didn't they? Something tell me the true number is much higher that 20%. Now throw in the recent statement by the president of the NYSE, the "threshold" status AMC is given, and the new report of institutions using bonds to short the stock.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
36878 posts
Posted on 7/1/21 at 11:48 am to
And when that goes away, move to data that cannot be shared or proven to be accurate/true. We're now supposed to believe that our financial system, which is the most advanced on the planet, can be tricked into thinking that short shares are actually long. And while it cannot be proven, this guy somehow knows it to be true.

This post was edited on 7/1/21 at 11:50 am
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