AMC Entertainment - AMC - Share Chat

Reminds me of the battle of 8.01. This will probably be the battle of 60.01

Do we think these shares could reach 4K value each?

Definitely not

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Boo :smiling_face_with_tear::smiling_face_with_tear::rofl:

Maybe :smile:

I’ll give you the fact it finished a day 1.5% above $60, but I won’t give you 6,500% above it :joy:

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Wowwww Cramer tweets “Driver shortage
” and minutes later amc gets hit :joy: whatever his goal was whether it be for good or bad the fact he knew is dodgy af.

Hi . A friend suggested I look at buying some AMC stock , never traded before band just joined Freetrade , is it worth a punt , sorry not looking for FA , just people’s opinions
Thanks

No, if you don’t already own any, definitely not.

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Another great week for AMC
411k calls in the money
Ended the week green again!
Short sellers lost billions on AMC yet again :smile:

They don’t know what to do with apes, there at a loss and there risk tolerance is getting smaller and smaller by the day.

I bought another 14 shares today to keep the rest company and will hold them ALL to the end.

Have a nice weekend fellow apes :gorilla::rocket:

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What are peoples thoughts on this being a slow long squeeze like Tesla ?

Good question. Personally I don’t think it will be any where near as long but I can see us continue to grow over time like we are doing.

Hedgys are spending more on a daily bases due to interest, they don’t have unlimited money and everyday that goes on is more they’ve lost purely to just sit on them. I’d be surprised if it’s not done by the end of the year max. But that’s just my opinion, not financial advice haha

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I really liked your picture as it is a very good way to view the trend and it is good :+1: but the comment I quoted above you said, how do you know the HFs tolerance is actually getting smaller? Is this hopeful thinking? or any evidence? From where I am I think they could happily go on for a very long time.

They can make a lot of money also to offset the losses with such a volatile market I would of thought. My view is also not fact but opinion but I am interested to know if you are basing that comment on any facts.

Again, I like the pic as it is a very good stat based view. :+1:

A good tell is that they are liquidating a lot of large positions (getting ready to have to cover), if they where able to just stick it out why would they liquidate anything. Wasn’t it Melvin capital that lost something like 44% too? IMO it’s also no coincidence all of Bitcoin (crypto) dropped massively at the same time few weeks back I reckon it was them liquidating more positions (but that’s my opinion.

I think it’s just a matter of ego/damage control for them now. They will drag this out as long as they can hoping for something to go in there favour. Also worth noting Ken Griffin said the other day they go off of emotional algorithms and use them to know when’s best to sell stock and scare people. The drop of 63-58 wasn’t a coincidence it was planned. There probs hoping to scare enough out before margin calls come which will then drive the price up and put more pressure on there risk tolerance hopefully breaking it.

I’m at work atm but could probs dig up more info later if you like.

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My view is that crypto liquidation is partly people panicking when the price fell and partly people moving money to GME/AMC.

People keep saying how great it is that 80% of AMC is owned by retail, I don’t see that as a positive. That means a lot of smart institutional money has made money and left leaving a lot of retail bag holders.

The price increasing imho is a combination of some shorts needing to cover positions plus retail investors jumping in late or trading. I’ve bought in and sold out of AMC twice since this all started both times at reasonable profit - I can’t be alone in doing this. All the talk of holding is potentially a con to get some people to hold on the promise of a short squeeze (which may have already run its course, back to 80% of shares being owned by retail - HFs could have easily bought at prices lower than now over the past couple of months).

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Well citadel have something like 700k shares since a few months ago, most likely going to try another sell off scare tactic but other than that they don’t own any to my knowledge. That’s kind of a drop in the ocean anyway. Also they could have covered at $5 but they chose to carry on, there at -500% with there positions getting worse by the day. I honestly think it’s too little to late. They can’t cover shorts and any synthetics shares without amc noticeably popping off imo. I reckon we’ve had a gamma squeeze hence the $72 pop off but other than that the no ones covered yet imo. They just won’t they are too stubborn imo

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“My view is that crypto liquidation is partly people panicking when the price fell and partly people moving money to GME/AMC.”

Yeah maybe but wasn’t it like a half a trillion crash in all of crypto? That couldn’t of gone into AMC/GME surely when value of AMC for example is only 25 billion. Makes more sense that it was maybe hedgys taking out of positions getting collateral ready. Just imo, but it was every coin at the exact same time too, too coordinated for my liking. Smelt fishy af lol

Also I don’t know how you cut someone’s previous comment lmao :stuck_out_tongue_closed_eyes::joy:

Next week could hopefully be a fail to deliver cycle. All those in the money options that exercised need to be delivered. Pushing the price up. Seen some due diligence that said we could see ftd delivered for most of next week.
Not financial advice.

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Cheers for that :+1: I see where you are coming from but I am interested in pure facts without opinions. The crypto has had many other factors over the last few weeks, just ask Mark Cuban :joy:, but it is hard to tell.

I just feel that every argument that gets made for the HFs to be running scared you could argue the other way around. For example

This implies they are controlling the picture to an extent.

Why would they do this if not confident?

Edit - I am just playing devils advocate :+1:

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Well of course they are controlling it to an extent. Citadel is a Hedge Fund and a Market Maker. Conflict of interest much. Most of order flows from free brokers like Robinhood go through citadel. They are one of the biggest there is.