AMC Entertainment 🍿 🎥 (AMC) - Share chat

Since amc started the social media pumping accounts have been telling everyone the company’s shorting amc are going to need to buy amc shares and this will rocket the price to the moon. This had not happened. Only people who have made money is pumps selling when it had gone up to other home traders who then can’t sell without losing money when it dropped.

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Melvin capital took a $6Bn loss when they were forced to cover, so obviously at least some of the squeeze has happened even if some shorts are still holding on

Melvin would have been forced to buy shares, supposedly they closed their entire short position in January

Wouldn’t these $12Bn in Hedge Fund losses have come from being forced to cover? are still open positions counted in these figures? I dunno, but my feeling is most of them already bailed out

https://www.ft.com/content/dcd86860-09ed-420e-a5cc-d6d281863c03

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Sorry, the report puts it better than I.


I haven’t read it in its entirety myself tbh, most of it though. Surprising how little goes over my head now after this whole saga, been a fun learning experience regardless.

That’s an interesting graph

Supposedly Melvin closed their position on 26th Jan. I guess that’s the small orange spikes leading up to that date.

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Apologies, back to AMC

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Will repost in GME thread and pick up there mate

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I don’t understand this stuff but if they had 6bn loss from covering why did shares only go up fairly small amount compared to gamestop.

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I think it was mostly GME shares they were shorting. The price would depend on what price they covered at I guess. The volume on that graph shows that it wasn’t difficult to buy shares at the time, You’ll only get a squeeze to the moon if the shares needed to cover aren’t available to buy.

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Sell on a Tuesday buy on a Friday,
Small gains but a win is a win

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Holding strong was hopeing to end 2021 on the moass so let’s see what happens

Amc running after hours. Up to $42 yeahhhhhhhhh

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Come on. I took my eyes off for two secs and it goes down. Was about to sell some

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Sold 25 yesterday and made £100 on the purchase of them last week. Happy days :+1:

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WE’RE FLYING!

On a serious note, if we break this massive resistance line of 48/50, I think we can push back up to 60 and depending on the hedgies, even an ATH - especially looking at the hype of the Q3 earnings.

Looking super bullish IMO. AMC is above the 50 and 200 MA right now!

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Don’t anyone say anything about the moon :waxing_gibbous_moon:

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Any predictions of what this will rise to realistically?

Nobody knows. This stock has been pushed and pulled far beyond what its fundamentals are. Realistically, it will eventually go to zero since it’s a terrible company imho.

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Literally anything could happen with this!

Apes going to love that how many rockets will they be putting on there tweets now :rofl:

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I’ve been waiting for at least 50 now it’s 39. I swear I have no luck with this stock

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