AMC is heavily shorted by HFs with extremely high short interest, and yet the price remains high because more than 80% of the shares are held by strong minded retail investors. That means the short sellers are bleeding badly due to this unique stock that's controlled by retail investors like you and I.
At any point of time when any HF decides to cut loss and starts covering back, pushing the price to rise sharply, the rest may follow, thus triggering the short squeeze that includes FOMO buying.
Nobody knows how high the price will eventually go, but take for example the situation of $GameStop(GME)$ months back - it went over 400 despite having lots of market manipulation that prevented retail investors from buying.
$AMC Entertainment(AMC)$is ready to squeeze even harder this time with everything in place.
AMC is still in the threshold list, which means there are huge amount of FTD, which may include naked shorts. Therefore, the grave of the HFs may be deeper than what's being reported by sources that have been watching the short interest.
People buying and holding AMC aren't interested in the fundamental of AMC but are mainly waiting for the short squeeze, although the fundamental of AMC has improved tremendously under the management of Adam Aron.
There are daily FUDs just to hurt AMC without sharing the key thing - short squeeze. It's pretty obvious to most apes who have done DD on AMC that these articles are only written with ill intention.
People who are reading and believing these articles are losing a huge opportunity to make good investment in AMC. The writers know well that after AMC squeezes and the victims realise they have been fooled with FUDs, the writers won't even be remembered and would go scot-free.
I would advise everyone to do their own DD instead of believing such articles. Use some common sense to think of why so many articles are trying to bash AMC daily. My point is if you think a stock is bad, you probably may write about it once; however, if you were to be paid to thrash the stock, you probably need to bash it daily.
I've witnessed the same media posting at least three negative articles on AMC in a single day. The motive is obvious.
So, think again on why you are seeing media spreading FUD and twisting news about AMC daily.
#nakedshorts #fud #shortsqueeze #moongame
Comments
Park it aside, Ignore the fud, get banana dips and HODL!
Bring the walls down!