$AMC Entertainment(AMC)$AMC: Hedgehogs VS Apes
In the past few days, we see the insane resistance level at about $60 as well as the strong support level at about 40. There seems to be large amount of selling pressure when the price reaches 60 and the data from darkpool shows that there are more short position than what is known to many retail investors.
Speculations that the hedgehogs are using darkpools to manipulate and hide their possible movements with regards to AMC. Why is this the case? Currently within the retail community, there is alot of excitement over the recent short squeeze to over $70. What the hedge funds aim to do is to snuff out this excitement by keeping the price of AMC within the $40-$60 dollar range.
Since hedge funds are able to hid their movements and positions using darkpool, there is nothing holding them back from going long at $40 and dumping at $60.
1) First it gives them capital to maintain their short positions
2) Second it helps to easily manipulate the prices
That is one reason why we consistently see short interest rising (According to Ortex).
However, we know that they are playing this game by dragging it out. And it is not a game that they can simply win. Especially when they have to eventually close the short positions that they are in. Each day that they dont, they are paying margin fees. They also run the risk of margin call. Their current position is weak and seems to be rather precarious.
TLDR: Hold to win. We are winning.
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