AMC and GME soared Thursday morning as buy orders filled the market.
Both stocks were momentarily halted, though it seems GameStop had stricter halts.
AMC surged from $9.82 per share to $13.46 per share during the rally.
GameStop skyrocketed from $78.09 per share to $108.05 per share before getting halted.
Mainstream media boasted that retail investors were done with so called ‘meme stocks’.
But unless you’re in the community, you know this is a blatant corporate lie.
AMC and GME’s trading volume proves there is a massive demand for the stocks.
Let’s discuss it.
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AMC is a top holding for Millennials and Gen Z investors
Market Rebellion says Tesla, Apple, and AMC are the top holdings of the average Millennial and Gen Z investor.
And while they are not wrong, they missed another generation, Gen X – also known as boomers.
The ape community is made up of many boomers.
In fact, I’ve talked to more boomers in the community than Gen Z investors.
Perhaps that’s just my circle, but I’ve been part of the community since its inception.
And every time the media published FUD headlines stating both AMC and GME plays were over, millions of people laughed.
AMC became the most popular stock of 2021 and continues to be the most popular stock in 2022.
And believe me when I say, retail investors aren’t leaving.
AMC and GME volume skyrockets as demand surges
We saw a very similar occurrence in late March where both AMC and GME began to surge due to big buying volume.
But both stocks were halted, leaving retail investors extremely disappointed with the blatant market manipulation.
Retail investors didn’t leave then, and they’re not leaving now.
AMC’s current trading volume is more than double its average of 48.1 million.
GameStop’s is also more than double its average of 4.1 million.
We saw high buying pressure early in the market as the two ‘meme stocks’ took the lead and left corporate media pinched.
No matter how much mainstream media lies and says these two plays are dead, the truth is still the truth.
Both AMC and GME have incredible short squeeze potential, and the only thing keeping them from skyrocketing is open short positions.
Volume, however, could create big panic and set off a chain reaction enabling shorts to close their positions.
Short interest data
Just how AMC and GME’s high volume proves there is still a massive demand for the two stocks, the short interest proves these are short squeeze plays.
Both AMC and GME have very high short interest.
Both these stocks have a record high number of shares on loan that have to get bought back and returned at some point.
Short sellers have their foot on a bouncy betty.
These stocks will squeeze whether shorts get out at their current share prices, lower, or even higher.
Because AMC and GME’s shares on loan are at an all-time high, this also means that when they do skyrocket, share prices will surpass their last record highs.
This is why people around the globe are buying these stocks.
The upside potential is too large to pass on.
When will these two stocks squeeze?
No one can say for sure.
But this bear market could prove to be a great time for shorts to close their positions, at least while stocks are at temporary low.
Are you holding AMC and GME stock?
What are your thoughts on the current market conditions?
Is now a good time for short sellers to cover or do you think the market is still trying to find a floor?
I’d love to learn what you think.
Leave your thoughts in the comment section below for the community to read.