The CEO and President of AMC Entertainment, Adam Aron, just tweeted that retail investors now own more than 80% of AMC’s float. This is astonishing.
If you’re holding AMC stock then you my friend have something very valuable in your possession. Retail investors literally own AMC Entertainment right now. This surge in price action we’ve seen so far is simply momentum. Shorts eventually have to buy the stock back and we won’t have to sell it; inevitably moving the price up even more. Hold apes. This is about to moon.
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I’ve noticed a lot of sentiment from the community. Apes who’ve been holding their position in AMC for months now, aren’t phased by red days. However, new retail investors getting in on this trade are quick to express their concerns.
This is only normal. It’s up to us to educate and inform new retail investors on what’s going on so they can determine their own conviction towards this trade. Today’s article is going to simply be a message and reminder to the community that all is well.
The data speaks for itself
One thing I’d like to remind seasoned apes along with the new retail investors is that the data speaks for itself.
What do we know? AMC Entertainment is being heavily shorted and as long as it is, shorts can be squeezed out. We know that the manipulation in the market is real and it’s only helping short sellers prolong the inevitable.
Short sellers still have to cover their positions and retail investors hold majority of it. Supply and demand baby.
Seasoned apes aren’t going anywhere
Retail investors who have been holding AMC stock since February continue to hold. New retail investors getting in on this trade worry older apes will take profits.
Why aren’t seasoned retail investors taking profits on tens and hundreds of thousands of dollars right now? That’s because AMC’s stock price is no where near its potential.
We aren’t looking at the profit we’ve made on paper. We are not looking at short term gains. The data we’ve been shown by technical analysists point towards a short squeeze. We’re not there yet.
AMC’s chart is fundamentally healthy. We haven’t seen any wild volatility but rather ascending and consolidating levels of support.
The community is prepared for the squeeze and believe me you’ll know when it begins to happen. AMC’s price action is getting comfortable in the double digits before it moves up to triple digits.
The stock market is a device for transferring money from the impatient to the patient
I want to remind the community to remember your why. I’ve been fortunate enough to hear a lot of your stories. Most of us are taking this opportunity for bigger and better opportunity.
This is a reminder that this is real, it’s happening, and it will require your patience. Certain days will be green, some will be red; or on discount. Detach yourself emotionally from the price. Practice this and the ride will be much easier.
I don’t usually rant like this but I want to express to the community that everything is going well. Everything will be fine. Things come to us at the right time so prepare for it. Your life is about to change. Keep hodling on and remember your why.
Keep sharing DD (due diligence)
Before I close this article I want to leave you with these last thoughts. Continue to share positive articles and DD from apes in the community. The content is nothing without you.
When you share a video from Trey, or an article from me you might find valuable, you keep someone else informed. You keep the community growing stronger than ever.
Thank you for being here today. I will continue to publish new articles for the community every week. If you haven’t joined my Discord group here’s a personal invite. I’ve created this safe community for retail investors to discuss AMC stock with confidence. See you there.