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re: Holding AMC Thread- Diamond hands unite

Posted on 3/24/21 at 1:07 pm to
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
34172 posts
Posted on 3/24/21 at 1:07 pm to
quote:

was under a HUGE short attack, and still is.


I have yet to see any links or reliable data from you to prove this is the case. The short float would disagree with this statement.

I don't know enough about synthetic shares to answer your question and if what you're suggesting would actually be needed or do what you're suggesting it would. But I do know that all options activity is tracked and we know exactly what those things are. Same with everything related to available shares.
Posted by greygoose
Member since Aug 2013
12816 posts
Posted on 3/24/21 at 1:43 pm to
quote:

I have yet to see any links or reliable data from you to prove this is the case. The short float would disagree with this statement.

I already posted it today. Regardless of where this came from, the math is solid.

LINK
quote:

I don't know enough about synthetic shares to answer your question and if what you're suggesting would actually be needed or do what you're suggesting it would. But I do know that all options activity is tracked and we know exactly what those things are. Same with everything related to available shares.

Synthetic shares are created by nefarious means when hedges short a stock, and the shares are not available to borrow. It is highly illegal, but still happen in our market. The key is to drive the price down, so that legitimate shares can be purchased to hide that activity. You do know that AMC is most held stock on Robinhood, right? Not Apple, Google, or Tesla.....AME.

If you are looking for is a site that gives you an accurate count of shares shorted, you aren't going to find it, due to naked shorting.
Posted by slackster
Houston
Member since Mar 2009
90087 posts
Posted on 3/24/21 at 1:43 pm to
quote:

Wanda converted their Class B shares. Have they sold? Institutions have bought millions since the 1st of the year


Wanda’s shares are about 44MM last anyone knew. The problem with that GME DD you posted from Reddit is that it’s using severely outdated percentages. They’re taking the current shares outstanding and multiplying by insider/institutional percentages that are likely almost 90 days old.

Is the float 400MM? Probably not considering Wanda. However, the math used to calculate the 272MM float is using multiple sources that are outdated. That calculation should be done using actual positions in shares, not the percentages listed on websites.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
34172 posts
Posted on 3/24/21 at 1:57 pm to
quote:

I already posted it today. Regardless of where this came from, the math is solid.

LINK


I don't have the time or interest to sift through all that, but I guess I would just say that I would be uber skeptical about anything posted on Reddit. I would not consider that a reliable source of information. I certainly wouldn't bet $100,000 on it, if what you say about your holdings is true.

I think we've also seen that their proclamations are very often untrue...claims of a stock going to a certain price, claims of a short squeeze happening on whatever day (the "holy Toledo" video guy being an exmaple), claims of a certain level of short exposure, claims of being able to manipulate the share price (set your sell order to 1,000!), etc.
This post was edited on 3/24/21 at 1:58 pm
Posted by xxTIMMYxx
Member since Aug 2019
17562 posts
Posted on 3/24/21 at 1:58 pm to
Doesn’t surprise me one bit that amc is the largest holding on robinhood
Posted by xxTIMMYxx
Member since Aug 2019
17562 posts
Posted on 3/24/21 at 2:00 pm to
Who was it that said amc was going to 20 by the end of the day like a week ago?
Posted by slackster
Houston
Member since Mar 2009
90087 posts
Posted on 3/24/21 at 2:06 pm to
quote:

Synthetic shares are created by nefarious means when hedges short a stock, and the shares are not available to borrow. It is highly illegal, but still happen in our market. The key is to drive the price down, so that legitimate shares can be purchased to hide that activity. You do know that AMC is most held stock on Robinhood, right? Not Apple, Google, or Tesla.....AME


Huh?

The amount of shares outstanding of a company are known to the company. The float is shares outstanding less closely held shares. That’s it. There is no synthetic share BS with respect to the numbers and calculations people are trying to make using various sources of outdated data. I can show you 3 websites right now (Nasdaq, Yahoo Finance, and Fintel) that list institutional ownership at 10%, 37%, and 12%, respectively.
Posted by greygoose
Member since Aug 2013
12816 posts
Posted on 3/24/21 at 2:09 pm to
quote:

Is the float 400MM? Probably not considering Wanda. However, the math used to calculate the 272MM float is using multiple sources that are outdated. That calculation should be done using actual positions in shares, not the percentages listed on websites.
Isn't that the point? The numbers we are given, don't add up. Hence, an official share count needs to be done. More shares are being traded, than exist. Unfortunately, there isn't a site or place we can go to get accurate numbers. All we can do is put various pieces together, in order to see the whole picture.
Posted by greygoose
Member since Aug 2013
12816 posts
Posted on 3/24/21 at 2:10 pm to
quote:

The amount of shares outstanding of a company are known to the company. The float is shares outstanding less closely held shares. That’s it. There is no synthetic share BS with respect to the numbers and calculations people are trying to make using various sources of outdated data. I can show you 3 websites right now (Nasdaq, Yahoo Finance, and Fintel) that list institutional ownership at 10%, 37%, and 12%, respectively.
You've never heard of naked shorting?
Posted by greygoose
Member since Aug 2013
12816 posts
Posted on 3/24/21 at 2:13 pm to
Here's the most recent date on interest fees charged against short interest in AMC.

If the price of the stock is falling, why is the rate going up?

Fee Available Updated
4.3 % 1,900,000 2021-03-24 15:00:05
4.3 % 1,900,000 2021-03-24 14:45:03
4.3 % 1,900,000 2021-03-24 14:30:02
4.3 % 1,900,000 2021-03-24 14:15:03
3.5 % 1,900,000 2021-03-24 14:00:03
3.5 % 1,900,000 2021-03-24 13:45:03
3.5 % 1,900,000 2021-03-24 13:30:03
3.5 % 1,900,000 2021-03-24 13:15:02
3.5 % 1,900,000 2021-03-24 13:00:03
3.5 % 1,900,000 2021-03-24 12:45:02
3.5 % 1,900,000 2021-03-24 12:30:02
3.5 % 2,200,000 2021-03-24 12:15:03
3.5 % 1,800,000 2021-03-24 12:00:03
3.5 % 1,700,000 2021-03-24 11:45:03
3.5 % 1,700,000 2021-03-24 11:30:03
3.5 % 1,700,000 2021-03-24 11:15:03
3.5 % 1,700,000 2021-03-24 11:00:03
3.5 % 1,900,000 2021-03-24 10:45:03
3.5 % 1,900,000 2021-03-24 10:30:03
3.5 % 1,600,000 2021-03-24 10:15:02
3.0 % 1,500,000 2021-03-24 10:00:03
3.0 % 1,500,000 2021-03-24 09:45:03
3.0 % 1,500,000 2021-03-24 09:30:03
3.0 % 1,500,000 2021-03-24 09:15:03
3.0 % 1,500,000 2021-03-24 09:00:03
Posted by rocket31
Member since Jan 2008
41861 posts
Posted on 3/24/21 at 2:19 pm to
they were debating whether to sell at $50 or $100

before long they'll be debating whether to sell at $5 or $7
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
34172 posts
Posted on 3/24/21 at 2:20 pm to
quote:

You've never heard of naked shorting?


I'm not an expert, but I'm pretty sure they don't need to do whatever you're suggesting is the reason for some official share census. I think that the information we have at hand with options orders is enough to paint a clear and accurate picture.
Posted by greygoose
Member since Aug 2013
12816 posts
Posted on 3/24/21 at 3:28 pm to
quote:

I'm not an expert, but I'm pretty sure they don't need to do whatever you're suggesting is the reason for some official share census. I think that the information we have at hand with options orders is enough to paint a clear and accurate picture.
Utilization is right at 100%. For a share to be shorted, it has to be "borrowed". You cannot borrow more shares than exist. That is called "naked shorting". It is illegal now, but still very common. GME was shorted at 143%. The failure to deliver on expired put options was very high, and it is speculated that was due to tons of synthetic stocks. I posted the most recent borrow rate, and it seems to support that reasoning.
Posted by greygoose
Member since Aug 2013
12816 posts
Posted on 3/24/21 at 3:32 pm to
This is a good read, with factual numbers, concerning the moves by hedges.
LINK
Posted by slackster
Houston
Member since Mar 2009
90087 posts
Posted on 3/24/21 at 3:53 pm to
quote:

Isn't that the point? The numbers we are given, don't add up. Hence, an official share count needs to be done.


AMC knows exactly how many shares exist. They tell you that when they report their shares outstanding.
quote:

More shares are being traded, than exist.


By what metric?
Posted by slackster
Houston
Member since Mar 2009
90087 posts
Posted on 3/24/21 at 3:54 pm to
quote:

You've never heard of naked shorting?


What does that have to do with shares outstanding? We know exactly how many real shares there are of AMC. Nothing hedge funds do changes that.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
34172 posts
Posted on 3/24/21 at 4:07 pm to
quote:

This is a good read, with factual numbers, concerning the moves by hedges.
LINK


You've gotta stop using Reddit as your only source of information on your stocks. Also, if any of what they're saying is true in terms of what institutional investors can do or are doing, it's something they've been able to do and can do on any stock. AMC is not unique, other than still being way overvalued.
This post was edited on 3/24/21 at 4:08 pm
Posted by greygoose
Member since Aug 2013
12816 posts
Posted on 3/24/21 at 5:44 pm to
quote:

You've gotta stop using Reddit as your only source of information on your stocks. Also, if any of what they're saying is true in terms of what institutional investors can do or are doing, it's something they've been able to do and can do on any stock. AMC is not unique, other than still being way overvalued.
Why does it matter where information is collected from, as long as it's valid? Reddit is NOT my only source of information, just like the site isn't. If I see something that looks interesting, I start checking it out myself.

As far as market makers, you do realize they have been fined many, many times for shite me and you can't do, right? What is a $1 million fine to a market maker like Citadel? Not even a slap on the wrist! Want to know why the new DTCC rule came into effect? The shitshow that was GME/AMC.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
34172 posts
Posted on 3/24/21 at 6:18 pm to
quote:

as long as it's valid?


And therein lies the rub. Virtually all of the stuff you've brought here from Reddit has either been debunked, explained away, is outdated, or is making conclusions that are not logical or realistic based on the data itself.

quote:

the new DTCC rule


Going back to March 19th...that was your can't miss quadruple witching hour, and the data told you you all were gonna be rich. So what happened?
This post was edited on 3/24/21 at 6:19 pm
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
44451 posts
Posted on 3/24/21 at 6:53 pm to
Zero idea why you continue to argue with them
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