Apes were chatting about their gains on paper on my Discord this evening. Brandi mentioned she was finally seeing her account transition from red to green. It’s these type of discussions that really get me fired up.
Knowing my community is profitable motivates me to keep doing what I love doing. And that’s writing great content for you.
Welcome to Franknez.com – if your AMC account is still red, I’m here to tell you profits are on their way to you right now.
Lets get started!
Now, anybody who got in on AMC stock prior to today’s share price level is profitable. You might have gotten in at $30, $15, or even at $5 when I first started blogging about this massive opportunity.
If you remember me blogging about AMC since early February leave me a comment below! I’m curious to know how many OG apes are still reading FrankNez.
However, newer apes are either on the brink of being profitable or have yet to break even. If that’s you, don’t worry. I was there myself.
History Is About To Repeat Itself
You might have heard somewhere that September is starting to feel a little like May. And that’s because we’re starting to see a trend here. Before AMC moved up in June, it had a long period of consolidation. Once it broke that consolidation, it began trending upwards before making the incredible climb past $70 per share.
Well apes, we just broke the $30 level of consolidation late August and are on track to break $50 per share once we retest $48 again. The reason why $48 is so important is because AMC has tested this level three times already.
This bullish indicator has shown us that once it tests a level its fourth time, it tends to break in a momentum run.
This is where whales, known as institutions, begin to buy again. New retail investors are going to jump in on the stock and shorts are going to lose a ton of money.
Short sellers were able to withstand the first round, but will they be able to handle phase two?
We’ve Come Back With A Bigger Ape Army
Did you notice the massive drops in the crypto markets? Seems like someone is liquidating profits for something big that’s about to take place.
Remember, Charles Schwab raised margin requirements for short sellers shorting both AMC and GameStop. On top of this, the NSCC has raised margin minimums from $10,000 to $250,000.
This means short sellers are under some serious heat. But guess what community? We’ve come back with a bigger ape army than the first time. The knowledge spread, and so did the conviction towards this short squeeze play.
Apes aren’t going anywhere until shorts have covered their positions. And you know what? We’ll still be here even then.
I know some of you cannot wait until you’re able to retire from this short squeeze play. But I’m not retiring. I will continue to be here for you even after we’ve mooned.
How Soon Will All AMC Apes Be Profitable?
A good number of you have actually just transitioned to being profitable. If that’s you please leave a comment below letting other apes know!
Although I do not know at what level you will be profitable, I do know that AMC is about to break $50 per share relatively soon due to chart patterns.
Breaking this level is going to kickstart another runup past $70 and beyond, fundamentally. And you know what this means right?
As long as apes continue to hodl, this price movement could ignite the rocket we’ve all been patiently strapped to. There’s absolutely no way smaller short sellers will be able to afford holding their positions a second wave.
Their accounts could even potentially get liquidated as the stock becomes harder to borrow. For hedge funds, this could mean the short borrow fee rate goes up, resulting in greater losses.
In summary, shorts drown in debt and losses while the ape community profits ‘x’ times over . September is proving to be a great month indeed.
Should You Buy AMC Stock Now?
If you’re looking to add to your position, now could be a great time to do so before we break $50 and really begin to move forward.
We may consolidate in the high $40s a little longer before retesting $48 for the fourth time, we may not. Just as I was certain about breaking $30 last month, I’m certain we will be seeing $50+ very soon though.
I will continue to update the community as we progress so be sure to subscribe to the newsletter or follow me on social media. I will be leaving those links below.
Are you profitable right now?
And lastly, the community would love to know. Are you profitable? What do your gains look like on paper? Leave a comment below. At the time of this publication I’m up more than $36k and hodling STRONG.