$AMC - Food for thought
(Part 1) Remember when GME spiked towards 480$+ in January? The DTTC, a worldwide known clearing corporation, recently admitted that no institutional party has covered their short positions. So technically, that wasn't a short squeeze.
(Part 1) Remember when GME spiked towards 480$+ in January? The DTTC, a worldwide known clearing corporation, recently admitted that no institutional party has covered their short positions. So technically, that wasn't a short squeeze.
(Part 2) That info changed tremendously our outlook on the data. The current price movement of $AMC is essentially triggered by FOMO and delta hedging which the same thing happened with GME. A short squeeze is, by definition, positions being covered by short sellers.
(Part 3) Logically speaking, considering the greater amount of outstanding shares and the stock being one of the most heavily shorted securities on the market, it is quite possible that the stock could go up in the early thousands without short sellers covering.
(Part 4) Also we haven't taken into consideration the higher risk of margin calls with the 801 + 002 including the speculated (very likely) billions of synthetic shares circulating in the open market needed to be recalled by the 005.
(Part 5) That's the MOASS right there.
*Mic Drop*
*Mic Drop*
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