Whose got the good word on AMC? I've been a bag holder since the GME craze and AMC supposedly the next one to take off. I'd like to sell, but if we're going to the moon...
Patience.... When GME moons it will take all the other meme stocks that have been shorted by all the same players along with it (just not as high). Don't listen to all the haters and FUD spreaders. If the squeeze was truly over and the short HF's actually did cover back in January GME would've been back to trading in the single digits months ago. But it's not because they never did.
Gabe Plotkin admitted in the first congressional hearing that the Jan spike was not from them covering but from a gamma squeeze. Does anyone honestly think these know it all hedgefund dickheads are going to cave in and cover just because of a quick gamma squeeze by internet plebs?! **** no. They figured they'd just wait it out and the internet would lose interest. Unfortunately for them the internet didn't and they've been doubling down since and digging the hole deeper.
Anyone who's been paying attention to the data and DD (along with all the various new regulations being put into place for the DTCC to cover their ass) knows what's up. Every time there's a big dip you can look at the borrow data and see the volumes align. 400k shares borrowed in the morning... oh look 400k volume dip... rinse repeat every day since Jan. If the short interest was 140% back in Jan I'm betting it's over 9000 now with how these ******* have been borrowing non stop to keep the price suppressed.
It's also interesting to notice how the price has almost without fail trended along with the weekly max pain option price. My guess is the long HF's are trying to bleed out Citadel by keeping the price at the max pain point and not letting them make any money on options until they finally run of of money and get margin called. Although this week is a bit of a outlier as max pain is at 170 this week and it's looking like the long HF algo's are slightly winning at the moment. It seems Citadel might be slowly running out of steam. Their borrow dumps aren't able to crash the price as much as they used to be able to.
But then again what do I know... I'm just a random ape on the internet. I'd advice anyone to head on over to /r/superstonk, read the daily DD for yourself, and make your own decisions.