#AMC#GME okay mkt. recap of the day and what to look forward to tomorrow. If you were like me I had my trading platform on while working today watching the mkt as much as I could. Here is what I saw. Today we turned the direction of the stock. To that I say congratulations
everyone that was the hard part. stopping the dip before it even got half way through the cup was important for both stocks to continue to go up. 2) Hedge funds must've played with each other all day because over 50% of the shares used today were both on loan with additional
shares added to short the mkt. They pulled every trick in the book today from shorting the actual stock to the ETF's to borrowing the sock at a higher interest rate all to end up with the stock being about where it opened at the morning bell. Now for the data and details to make
your decisions about these two stocks. 1) Volatility - the range in volatility in both stocks is above 350%. This means that the stock will continue to have large up and downswings. What's holding us up is the momentum of the stock and it's direction. Remember w/o
your stock HF can't cover calls to buy and if you've turned off your sharing ability then it makes it increasingly harder for them to borrow. Judging from the number on Ortex there is a lot of people earning interest from letting the funds borrow their stock. #justsaying. 2) I
think after seeing their tactics today. I don't think HF will have a lot of time left to figure out how to cover. I remember that at the middle and end of each month they get 1 or 2 days to cover from the previous two weeks and then the process starts over again. I believe this
week HF will try to settle as much stock as they can before tomorrow. Why? Finra reports are due at 6pm est. or 3pm. pst. They are trying to make sure they can have as much of a clean report as possible when it gets filed. My assumption is that they will include the stock they
they repurchased today and tomorrow to the report by 2:30 and try their best to alter the real data. Just keep in mind that for now we know where they are getting their shares from but I've learned there is no bottom or lowness these HF will go when
their money is being taken. I still say hold as much as you can and only buy that which you can afford to lose. Remember tomorrow the stock will swing up and down. There are still plenty of call options ITM and shares will need to be purchased to cover the short interest.
The short interest believe me is not the amount reported on the 12th of Feb by a long shot. Remember trust the process and hang in there! Oh I almost forgot -I realize that some folks are new to trading but I wanted to tell them why most people are saying hold/turn off loan share
If you sell 1 share on the market you have no idea who purchased the stock or where it is going to. It could either go to a HF, Brokerage Firm, or Individual like me. This is the unknown factor. What most people will see is that when we sell our shares it provides continued
ammunition to the HF to cover the short shares and short the stock at the same time as they double and triple down on the stock. This is why we all are saying hold. They not only get your money but then manipulate the price of the stock. You may not care but this is one way they
have short laddered us all. 2) before tomorrow morning if the interest you are earning is that astronomical then I get it but for those that it's not please turn off the loan borrowing feature. This is another workaround for HF to get back into the stock. I will add more as the
goes but I wanted to send this update first.
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