I know what it’s like to hold significant losses in AMC stock.
I first purchased the stock in February of 2021, right after it had surged to $20 per share.
The stock had plummeted all the way down to $5 per share during that time.
And I was facing significant losses in AMC stock.
But that all changed when shares rose to up to $72.
Many of you got in during the climb.
So, if you’re facing big losses, I’m here to tell you there’s still hope.
Let’s break it down together.
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Holding losses before the big climb
I was holding losses in AMC stock for what seemed like an eternity before the stock ran up.
Many people who held through the surge continue to hold the stock and are now facing minor losses or breaking even; others are still profitable.
The reason we held through the climb up to $72 per share is because the data showed us many shorts had yet to cover.
And this is still the case today.
When AMC surged to $72 per share it had a short interest of only 20%.
AMC’s short interest at the moment is 18.80%, it was at 20% only days ago.
Bookmark: AMC Short Interest Updated Daily
So, is it possible we will begin to see some price runup very soon?
It’s definitely possible.
All we need is for short sellers to close their positions.
We can use the short interest percentage as a way to navigate how many short sellers have yet to close their positions.
AMC dropped to 14% from its 20% short interest during its climb to $72 per share.
The stock was only at $14 when it began to skyrocket.
If you didn’t know this, be sure to share this article with an ape, and if you did, share it anyway.
What does AMC’s short interest tell us today?
AMC’s current short interest tells us that the price is not done surging.
AMC as a business has improved drastically, so there’s no risk in the company based on fundamentals alone anymore.
Don’t let today’s charts and price fool you.
We are currently navigating through a bear market where the entire markets have been on a downtrend.
AMC shares on loan
There are more shares on loan that need to be bought back today than there were back in January when AMC ran up to $20 and in May when AMC reach $72 per share.
Corporate media won’t discuss this, but the data that pointed towards AMC running up in January and in June still says there’s another massive price surge underway.
So, if you’re holding significant losses in AMC stock just know the data didn’t lie the first time, it didn’t lie the second time, and I highly doubt it will lie the third time.
Don’t let this bear market confuse you.
Stocks will bounce back.