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Message
re: Holding AMC Thread- Diamond hands unite
Posted on 4/27/21 at 10:38 pm to PennyPacker
Posted on 4/27/21 at 10:38 pm to PennyPacker
quote:You are seeing what a lot of people are seeing.....well except for Slackster. His wife's boyfriend told him to short this stock.
Well the $500M shares are off the table for the shareholder vote. Since AMC announced the $500 M vote 6 weeks ago it has been used to drive down the stock price and has been shorted to an all time high! AMC did a stock count to see how many outstanding shares are out there plus how many synthetic shares are out there as well... then a week before the vote they pull it off the table?
Sounds like the CEO might have pulled a rope a dope on the HF shorting his stock... made them go all in and now he set them up to be squeezed. Things are getting interesting for sure.
1
Posted on 4/27/21 at 10:46 pm to Sasquatch2020
quote:Preach! The shite-slingers, who say they have no vested interest, are hilarious. Gotta wonder why some shitbird would keep posting on a money board thread about a stock they don't have any vested interest, right? It's one of two things. They are a psychiatrist wet dream......or they are lying.
Do u have any shares? If not, and ur not reading about it, I don’t know why u think ur a genius and saying it won’t happen. There is a war going from what I gather unlike we have ever witnessed. Everything u know is off the tables. Grab 100 shares and see what happens. Everything I keep seeing says we are in uncharted waters. It’s never happened. Saw a post about ticker going from 200 to 32k then level off to 20k for a month. It was dvr or something like it. I’m selling Ocgn to but another 100 shares of amc. The great thing of stockwits is it’s creating this brainwash to hold no matter what. Push it and push it far. Let’s see what happens is all bc u don’t know what will happen bc it’s uncharted waters. I’m out at 30k. Or it’s a pipe dream and fun to follow. Rather be the guy with 200 shares and it does just that than someone on sideline bashing that it can’t happen bc this market is unexplainable
Also got ltnc at 170k shares and the first endorsement is tomorrow. Manny paq is who I think it is. Hopefully someone better but I’ll take the first goat as manny.
Posted on 4/27/21 at 11:41 pm to greygoose
Rain down those downvotes, shite-slingers! Loving it!
Posted on 4/28/21 at 1:55 am to greygoose
I’m back in tomorrow. Think this sets up for a nice squeeze
Posted on 4/28/21 at 6:24 am to Upperdecker
shite about to go down.
Posted on 4/28/21 at 6:44 am to Sasquatch2020
quote:
Do u have any shares? If not, and ur not reading about it, I don’t know why u think ur a genius and saying it won’t happen. There is a war going from what I gather unlike we have ever witnessed. Everything u know is off the tables. Grab 100 shares and see what happens. Everything I keep seeing says we are in uncharted waters. It’s never happened. Saw a post about ticker going from 200 to 32k then level off to 20k for a month. It was dvr or something like it. I’m selling Ocgn to but another 100 shares of amc. The great thing of stockwits is it’s creating this brainwash to hold no matter what. Push it and push it far. Let’s see what happens is all bc u don’t know what will happen bc it’s uncharted waters. I’m out at 30k. Or it’s a pipe dream and fun to follow. Rather be the guy with 200 shares and it does just that than someone on sideline bashing that it can’t happen bc this market is unexplainable
Hard to argue with this logic.
Posted on 4/28/21 at 6:48 am to greygoose
quote:
You are seeing what a lot of people are seeing
Well I am not saying I know for a fact thats what happened or that I am smarter than anyone else. I did watch a couple interviews with Adam Aron and his anger regarding his stock being shorted was obvious. His comments led me to me believe he wasn't going to take it without a fight. I was in the corporate world and these types of shell games happen. Just too much of a coincidence for me.. It will be interesting to see this unfold.
Posted on 4/28/21 at 6:49 am to greygoose
quote:
Preach! The shite-slingers, who say they have no vested interest, are hilarious. Gotta wonder why some shitbird would keep posting on a money board thread about a stock they don't have any vested interest, right? It's one of two things. They are a psychiatrist wet dream......or they are lying.
1) I enjoy discussing investments regardless of whether or not I own them
2) I enjoy how much it bothers you.
Posted on 4/28/21 at 8:01 am to PennyPacker
quote:
Well I am not saying I know for a fact thats what happened or that I am smarter than anyone else. I did watch a couple interviews with Adam Aron and his anger regarding his stock being shorted was obvious. His comments led me to me believe he wasn't going to take it without a fight. I was in the corporate world and these types of shell games happen. Just too much of a coincidence for me.. It will be interesting to see this unfold.
You’re absolutely correct, these games do happen. Some CEOs do directly fight against shorts behind the scenes, and things like this do happen to shake the shorts off.
But greygoose is just repeating stuff he sees elsewhere, he’s a blind follower here obviously. And needs to keep it civil. slackster gets all these dudes so riled up
Posted on 4/28/21 at 8:04 am to slackster
I've had more fun following greygoose's peej like forecasts
This post was edited on 4/28/21 at 8:05 am
Posted on 4/28/21 at 8:30 am to Upperdecker
quote:Agreed. It's just a matter of time.
I’m back in tomorrow. Think this sets up for a nice squeeze
Posted on 4/28/21 at 8:52 am to slackster
quote:
Hard to argue with this logic
I honestly thought it was parody
Posted on 4/28/21 at 10:18 am to Chucktown_Badger
Little shocked AMC is trading down on the 10% dilution today. Still got a 5 billion dollar market cap, but common sense today?
Posted on 4/28/21 at 10:32 am to UltimaParadox
They pulled back the plan to issue 500,000,000 more shares, but only for the time being. It's not completely off the table.
Would you be buying in given the massive dilution that's happened already, with the specter of them doubling it by more than another 100%?
Would you be buying in given the massive dilution that's happened already, with the specter of them doubling it by more than another 100%?
quote:
Aron continued, "We believe our shareholders will appreciate and benefit from our bolstering AMC’s cash reserves with the potential sale of up to 43 million shares as detailed in an S-3 filing today. However, as to the request for 500 million further shares to be authorized, many of our stockholders are telling us to wait. It is important to listen to these owners of our company, and that’s exactly what we are going to do. Accordingly, we will not vote on Proposal 1 at our May 4 Annual Meeting of Shareholders. With a long term view, we continue to believe that this proposal would be beneficial to AMC and to our shareholders, and we are likely to revisit a proposal to increase the number of authorized shares at some point in the future."
Posted on 4/28/21 at 11:03 am to Chucktown_Badger
AMC been using their stockholders like a bank, and they seem fine about it. Not sure why AMC would stop diluting now.
Fundamentals for the stock are long past any reasonable argument, they really have no possible way to generate sales to justify the current market cap. Maybe if they bring in a bunch of cash they can try to sell themselves as a video streaming service
Fundamentals for the stock are long past any reasonable argument, they really have no possible way to generate sales to justify the current market cap. Maybe if they bring in a bunch of cash they can try to sell themselves as a video streaming service
Posted on 4/28/21 at 11:15 am to Chucktown_Badger
quote:
They pulled back the plan to issue 500,000,000 more shares, but only for the time being. It's not completely off the table.
They pulled it from the vote... its not off the table to add it to a future vote. It would still need to be approved by shareholders.
quote:
ould you be buying in given the massive dilution that's happened already, with the specter of them doubling it by more than another 100%?
Honestly from what I have seen and researched... it's the squeeze that is really appealing. Long term (next year) I don't know what to think about the stock price. If AMC wasn't shorted so highly and if there wasn't such a cult following I don't think it would squeeze. With that said all the data is in line, anyone who knows what to look at will agree that it is primed for a squeeze. That's not a guarantee by any means, it's still a risk.
Company financials, market outlook, etc. is great indicators when you are looking for long term and normal investing. However, when you have anomalies such as AMC, GME, VW, etc. the data you look at is just different and it comes with different risk factors. Don't blindly take anyone's opinion...
Posted on 4/28/21 at 11:29 am to PennyPacker
quote:
If AMC wasn't shorted so highly and if there wasn't such a cult following I don't think it would squeeze. With that said all the data is in line, anyone who knows what to look at will agree that it is primed for a squeeze. That's not a guarantee by any means, it's still a risk.
But here's the thing. People keep trotting the "SQUEEZE INCOMING!!!" stuff and it's simply not true. Every time it comes up in here it's roundly discredited using actual, factual data (as opposed to Reddit "HOLY TOLEDO GUYS!" type voodoo math).
At the end of September 2020 there were 110 million outstanding shares. Right now there are 450 million outstanding shares, with more to hit the market in the short term and a metric shite-ton to potentially hit the market down the line.
As of 4/15, ~21% short interest, 0.6 days to cover. GME December 2020 this is not.
ETA: AMC doesn't even make the list of the 50 most shorted stocks as a percent of float.
This post was edited on 4/28/21 at 11:32 am
Posted on 4/28/21 at 1:44 pm to Chucktown_Badger
quote:
But here's the thing. People keep trotting the "SQUEEZE INCOMING!!!" stuff and it's simply not true. Every time it comes up in here it's roundly discredited using actual, factual data (as opposed to Reddit "HOLY TOLEDO GUYS!" type voodoo math).
At the end of September 2020 there were 110 million outstanding shares. Right now there are 450 million outstanding shares, with more to hit the market in the short term and a metric shite-ton to potentially hit the market down the line.
As of 4/15, ~21% short interest, 0.6 days to cover. GME December 2020 this is not.
ETA: AMC doesn't even make the list of the 50 most shorted stocks as a percent of float.
All valid points. What you aren't saying is...
Short interest has went from 9% on Jan 29th to 22.48% on April 15th (24% estimated today)
Days to cover on most charts includes the massive volume that happened in Feb which brings up the avg. If you look at the trading volume the last 45 days and use that the DTC is over 3.
Current Short volume has risen from 37.7M on Jan 29th to 93.89M on April 15th.
Short Borrow Fee rate is 19% which has just blown up over the last month from 2-3%
Look at the Float to Loan and its 37% and of the shares on loan, 99%+ are shorted... so every share loaned is shorted.
Fintel has a Short Squeeze Likely rating... they give AMC 92.64 out of 100 squeeze rating. This has steadily gone up.
Now does this all mean it will squeeze? No, but there is no denying the numbers.
The only problem I have with looking at the list of 50 most shorted stocks as a percent of float... all these companies are different sizes with different volatilities, sizes, etc. When you look just at AMC you can see the changes and how fast its moving.
and for the record... "Holy Toledo, Reddit, etc" has their place (entertainment) but you shouldn't make decisions off those things. They can spur an awareness but everyone should always go look for themselves.
Posted on 4/28/21 at 2:52 pm to PennyPacker
I'm not as knowledgeable as many on this board, but a few responses to add some thoughts/context...
I'm seeing 19% on fintel, which is down sharply from where it was at at the beginning of the month, and which isn't in the same universe of where GME was when it was squeezed...I believe that was 120% or more. AMC hasn't topped 40% within the last year.
It looks like that isn't even close to being in the top 250 for short borrow fee rate.
I'm not seeing this anywhere except Reddit, and the next posts after that say it's fake.
Agreed, and to me this says a squeeze is nowhere near certain, or even likely. We've been hearing about it for months, and it was always right around the corner. Yet, nothing. Remember "QUADRUPLE WITCHING HOUR!!!! ZOMG!!!"?
I know that wasn't you, but that was the story for a long while.
quote:
Short interest has went from 9% on Jan 29th to 22.48% on April 15th (24% estimated today)
I'm seeing 19% on fintel, which is down sharply from where it was at at the beginning of the month, and which isn't in the same universe of where GME was when it was squeezed...I believe that was 120% or more. AMC hasn't topped 40% within the last year.
quote:
Short Borrow Fee rate is 19% which has just blown up over the last month from 2-3%
It looks like that isn't even close to being in the top 250 for short borrow fee rate.
quote:
they give AMC 92.64 out of 100 squeeze rating.
I'm not seeing this anywhere except Reddit, and the next posts after that say it's fake.
quote:
Now does this all mean it will squeeze? No, but there is no denying the numbers.
Agreed, and to me this says a squeeze is nowhere near certain, or even likely. We've been hearing about it for months, and it was always right around the corner. Yet, nothing. Remember "QUADRUPLE WITCHING HOUR!!!! ZOMG!!!"?
I know that wasn't you, but that was the story for a long while.
Posted on 4/28/21 at 7:21 pm to PennyPacker
quote:
Now does this all mean it will squeeze? No, but there is no denying the numbers.
Adam Aron should be public enemy number one if you’re holding out for a squeeze. Every time you look up he’s issuing shares.
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