Skai
2021-08-14

As the short interest and utilization become higher, I get more excited. When it becomes very difficult to borrow more shares, the price to borrow would go up.


$AMC Entertainment(AMC)$has been attacked heavily by the shorts for the past month but the stock has showed great resilience due to the extremely strong support by retail investors and some institutions who are waiting for the short squeeze. It seems like the shorts are digging their graves deeper and yet without much success of scaring off the smart investors.


Given such momentum of short attack and apes holding strongly onto their AMC positions, it seems like the shorts will soon find borrowing of shares more difficult. When the shorts no longer have the ability to continue with the large scale attack, AMC's price will resume its normality - increase - with the strong support. Soon, some shorts will have to start covering, which leads to a sharper increase in price. It will then trigger a domino effect.


I'm waiting for the mother of all short squeezes (MOASS) .

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment
57