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Message
re: Holding AMC Thread- Diamond hands unite
Posted on 4/29/21 at 9:08 am to METAL
Posted on 4/29/21 at 9:08 am to METAL
quote:
Do you guys really think this is gonna take off like GME?
I am not comparing it to GME or any other stock, I am comparing it to itself. On Jan 27th the price ran up to $20 per share from around $5. It's shorted 3 times more now than that day. 99% of the available shares to short are shorted. So to think that a short is not possible.... I am not predicting what the price will be but I truly believe there are strong indications that a short squeeze is coming.
Also something to note, the volume on Jan 27th was 1.2 Billion Shares... how does a stock that only has 33 million short shares and 300 M outstanding shares have a volume of 1.2 Billion?? The numbers really don't add up in my opinion.
Ultimately, do your own research and do what is best for you and don't take our word for anything. Just like Redit, Discord, Stocktwits, etc.... this is just a message board with people spouting "opinions".
2
Posted on 4/29/21 at 9:40 am to PennyPacker
quote:
It's shorted 3 times more now than that day. 99% of the available shares to short are shorted.
Where are you getting this info from? Also, just noting that even if 99% of shares available to short are shorted, that doesn't mean a squeeze is coming. Shares made available to short are a fraction of the available share pool.
quote:
the volume on Jan 27th was 1.2 Billion Shares... how does a stock that only has 33 million short shares and 300 M outstanding shares have a volume of 1.2 Billion??
I would assume the same shares getting traded multiple times in the same day.
This post was edited on 4/29/21 at 9:43 am
Posted on 4/29/21 at 10:25 am to Chucktown_Badger
quote:
Where are you getting this info from?
LINK
quote:
Also, just noting that even if 99% of shares available to short are shorted, that doesn't mean a squeeze is coming. Shares made available to short are a fraction of the available share pool.
I get that doesn't mean a squeeze is guaranteed, but it does mean that 99% of the available shares to short are shorted.. Plus the DTC is rising. So what we have is a situation where AMC is shorted to 99% of it ability, interest cost on these shorts have gone from 2-3% to now 18%... Look at the trends for this stock only. If it squeezed in Jan with much less favorable conditions, to think it couldn't do the same now is just ignoring the data.
quote:
I would assume the same shares getting traded multiple times in the same day
I think that assumption is wrong... the probability is very very small for that many shares to flip 4+ times (most likely 6 times) in one day. None of the brokers that I know believe that to be likely.
We are wrong all the time regarding stocks and their prices... All you can do it look at the data and make a play that works for your own risk tolerance. I wish everyone good luck on their picks, especially me.
Posted on 4/29/21 at 10:35 am to PennyPacker
Thanks for the link. Looks like 21% short. I guess what remains to be seen is if that is high enough to be squeezed.
The short borrow rate, even at 17.28% isn't even close to the highest 250 shorted stocks by rate. So I'm not seeing how that indicates a higher likelihood of a squeeze.
LINK
The short borrow rate, even at 17.28% isn't even close to the highest 250 shorted stocks by rate. So I'm not seeing how that indicates a higher likelihood of a squeeze.
LINK
Posted on 4/29/21 at 11:02 am to Chucktown_Badger
quote:
So I'm not seeing how that indicates a higher likelihood of a squeeze.
a higher likelihood than what? other stocks? I am not arguing that point at all. I am not comparing it to other stocks. I am just looking at AMC data and comparing it to itself.
I bought AMC back in early Jan and sold it for nice $2 per share profit ignoring the "short" talk. Selling my position cost me a couple hundred thousand dollars. So I started paying a lot more attention. The thing is if anyone is going to play the short game then you need to have an exit strategy. This is something you need to have a plan and watch it regularly or you will lose...in my opinion.
Posted on 4/29/21 at 11:20 am to PennyPacker
Totally agree with you. I just reference other stocks and where the data on AMC stacks up simply because I think it's relevant context that can either support or challenge the notion of a squeeze coming.
For example, by itself the 17.5% short borrow fee rate may seem crazy high, but then with some research we see that it's not really high at all.
For example, by itself the 17.5% short borrow fee rate may seem crazy high, but then with some research we see that it's not really high at all.
Posted on 5/3/21 at 2:33 pm to PennyPacker
LINK
Interesting read. There seems to be more attention being given to AMC on some reporting sites (other than message boards) regarding the manipulation. Not saying this stock will definitely squeeze, but I am betting on it.
Interesting read. There seems to be more attention being given to AMC on some reporting sites (other than message boards) regarding the manipulation. Not saying this stock will definitely squeeze, but I am betting on it.
Posted on 5/3/21 at 3:25 pm to PennyPacker
Nice blog post.
Posted on 5/3/21 at 3:29 pm to PennyPacker
quote:
Interesting read. There seems to be more attention being given to AMC on some reporting sites (other than message boards) regarding the manipulation.
I mean this reads like message board banter.
AMC will go up because movies are back and business and such.
Yet no mention on the massive dilution that took place.
Posted on 5/3/21 at 3:31 pm to slackster
quote:
Nice blog post.
Not sure if serious. I thought it was terrible and provided no real data in support of anything it was claiming
Starts along the lines of "How hedge funds manipulate the market: short selling, which is legal", then follows up with this:
quote:
As the title of this article suggests, there’s no better place to see the corruption in the stock market at the moment than AMC
And then goes on to describe more things that are all perfectly legal and understandable (bears telling people to sell and not look back) given where the company is at.
And finishes with, basically, "that's all bullshite because theaters are open and blockbusters"
This post was edited on 5/3/21 at 3:36 pm
Posted on 5/4/21 at 10:21 am to Chucktown_Badger
So AMC continuing a pretty steady slide today. I took a gander at the AMC subreddit yesterday and came away thinking that that is a textbook case of groupthink, and that 99.5% of those people have absolutely no clue what they're doing or what the actual facts around this company and stock are.
When it goes up they say they're winning, but as it declines they cheer because they feel like they're getting a sale and will buy more...completely dismissing that this and any continued decline gives any shorts ample opportunities to exit their positions with significant profits. But yet, they're still convinced the squeeze is in play, despite all available data confirming they're delusional.
I'm holding a few 5/14 $7.50 puts that likely won't end in the money, but they're keeping me in this game and entertained.
When it goes up they say they're winning, but as it declines they cheer because they feel like they're getting a sale and will buy more...completely dismissing that this and any continued decline gives any shorts ample opportunities to exit their positions with significant profits. But yet, they're still convinced the squeeze is in play, despite all available data confirming they're delusional.
I'm holding a few 5/14 $7.50 puts that likely won't end in the money, but they're keeping me in this game and entertained.
Posted on 5/4/21 at 10:24 am to Chucktown_Badger
To play devil's advocate here, are there any stocks not in decline today? I haven't found any in my portfolio.
This post was edited on 5/4/21 at 10:25 am
Posted on 5/4/21 at 10:31 am to CajunTiger78
quote:
To play devil's advocate here, are there any stocks not in decline today? I haven't found any in my portfolio.
I've got one green one in my portfolio, Alcoa
AMC has been sliding for 7 days straight and half of those were green days for the markets.
Posted on 5/6/21 at 8:07 pm to Chucktown_Badger
quote:
As a token of appreciation, Aron announced that both he and AMC would each make a $50,000 donation to the Dian Fossey Gorilla Fund, a conservation fund dedicated to protecting endangered mountain gorillas. The campaign is a nod to r/WallStreetBets users’ references to themselves as “Apes,” sharing references to films like “King Kong” and “Rise of the Planet of the Apes” as they encourage each other to hang on to their shares in AMC despite any downturns.
Posted on 5/7/21 at 8:50 pm to PennyPacker
Just a little info I wanted to pass along if y'all didn't already know..
So this week the CEO announced that there were over 3 million individual AMC investors.... if this is true then then there is no possible way that there isn't a ridiculous amount of synthetic shares floating.
Today Blackrock increases there shares to 27 million... why would one of the top money management companies in the world increase their position by 340%? Interesting.
So this week the CEO announced that there were over 3 million individual AMC investors.... if this is true then then there is no possible way that there isn't a ridiculous amount of synthetic shares floating.
Today Blackrock increases there shares to 27 million... why would one of the top money management companies in the world increase their position by 340%? Interesting.
Posted on 5/7/21 at 9:33 pm to PennyPacker
quote:
Today Blackrock increases there shares to 27 million... why would one of the top money management companies in the world increase their position by 340%? Interesting.
Link? Even then, I’d imagine it’s because you and greygoose have no clue how ETF/index rebalancing works.
quote:
So this week the CEO announced that there were over 3 million individual AMC investors.... if this is true then then there is no possible way that there isn't a ridiculous amount of synthetic shares floating.
What’s with AMC crazies and their belief there are these made up shares that are the only thing keeping them down?
This post was edited on 5/7/21 at 10:06 pm
Posted on 5/7/21 at 10:41 pm to slackster
quote:
slackster
What are u so angry about? I am not telling anyone to do anything, I am not trying to insult anyone's intelligence, nor am I bragging on my returns. I am simply posting information in a message board that I occasionally find interesting....
Its easy for people just to say "you're wrong" and insult people but when you are asked to prove it... nothing but crickets.
Posted on 5/8/21 at 12:54 am to PennyPacker
quote:
What are u so angry about? I am not telling anyone to do anything, I am not trying to insult anyone's intelligence, nor am I bragging on my returns. I am simply posting information in a message board that I occasionally find interesting....
I’m not angry. I’m asking you to link the BlackRock claim. I’m sure it’s no different than gregoose’s claims that Vangaurd and Fidelity were buying AMC so it must be good hogwash that was simply index/ETF rebalancing in passive funds.
quote:
Its easy for people just to say "you're wrong" and insult people but when you are asked to prove it... nothing but crickets.
Prove what? I’m not the one making claims about synthetic shares and other internet rumors.
Posted on 5/8/21 at 8:01 am to slackster
quote:
I’m sure it’s no different than gregoose’s claims that Vangaurd and Fidelity were buying AMC so it must be good hogwash that was simply index/ETF rebalancing in passive funds.
Ok! I am sure you are right.
quote:
I’m not the one making claims about synthetic shares and other internet rumors
Yep, you're right again! ??
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