Tag: AMC Reddit (Page 1 of 2)

AMC’s Short Interest Rises to 21.64%

December 4, 2022 /
AMC short interest today
Market News: AMC Short Interest Today | Franknez.com.

AMC’s short interest is rising again.

Last week the movie theatre chain’s short interest was around 17%, according to Fintel.

Now we’re seeing a sharp rise in shorting as the stock begins to move upwards again.

AMC shares are currently up +44% in the past month, with a recent high of $9.15 per share.

Shares went as low as $5.05 but the heavy demand zone around $6 levels were able to create a bounce.

Will AMC share prices continue to rise?

Let’s discuss it.

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The Markets in General Are Bouncing

The SPY has created a triple bottom around the $360 level so far and hasn’t come down since.

First in June, again in September, and last in October.

October is the month when SPY began to bounce from this major level of support.

Around the same time, AMC Entertainment stock was having a bounce from its major level of support around $6.30 per share.

Is it possible the market in general has hit the bottom?

It’s very probable, although it’s fair to mention any official talks of a recession can easily crash the market.

If we do begin to see further continuation, we might enter a short squeeze season where stocks begin to have sudden price surges from shorts closing positions.

Last year, AMC and GameStop gained mainstream attention when retail investors began to buy heavily into these two ‘meme stocks’ despite their high short interest.

Users over at Wall Street Bets identified that with enough buying pressure, they could force short sellers to rush and close their short positions in order to refrain from taking on massive losses.

This buy-back of shares would further fuel the buying pressure already being applied from retail investors; GameStop shot up over $483 per share.

In June of 2021, AMC Entertainment stock surged from $14 per share to $72 per share.

Will History Repeat Itself?

AMC Short Squeeze
Market News: Will AMC squeeze again?

AMC’s short interest was around 21%-22% before short positions began to get closed.

AMC’s current short interest is at 21.64%.

This means that with enough buying pressure, retail investors might just have the chance to recreate the events that occurred last year, possibly even bigger.

But I’m curious to hear your thoughts on AMC’s rising short interest today.

Leave your thoughts below.

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Will AMC Rebound in October?

October 7, 2022 /
Market News: Will AMC Go up in October?
Market News: Will AMC go up in October?

AMC traded below $7 this week and shareholders are wondering whether AMC will rebound in October.

September tends to be one of the most bearish months of the year while October tends to be the complete opposite.

Even in the crypto space investors prepare for big price action.

AMC recently filed a form 8-K filing confirming it is selling up to 425 million APE shares to reduce their debt.

This fundamental strategy could also play a big role in how the stock moves this month as it steers towards the right direction.

Let’s discuss it below.

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Bullish October for AMC Entertainment Stock?

Is October a good month for stocks?

Historically, October has been a really positive month for stocks, although it has had its volatile moments.

Unusual Whales tweeted that October tends to be a “bear-market killer”, known for its historically strong returns, especially during midterm elections, per MarketWatch.

AMC Entertainment stock has tumbled all year alongside the market.

As the market reverses, we can expect AMC to follow.

Does this mean October will spark the beginning of a bull market?

Not quite, as it will take some time to see this develop.

The country is in a recession and just about every market has substantially more sellers than buyers.

October could yield a momentary bull run, but a bull market will take time to determine based on economic and buying conditions.

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Where does this leave APE?

APE Stock
APE Stock

AMC is selling up to 425 million shares of APE to pay down their debt, which means APE prices will tumble as a result of the selloff.

The company issued the following statement:

“Under the circumstances, we caution you against investing in our AMC Preferred Equity Units, unless you are prepared to incur the risk of losing all or a substantial portion of your investment,” said the official statement from AMC Entertainment.

APE gave AMC Entertainment access to a portion of shareholders’ capital without needing the approval to dilute AMC shares.

This cash cow is now available for AMC to claim in order to pay down its debt.

Is APE worth investing in?

I personally think it’s more of an investment tool for the company rather than for shareholders aiming to squeeze shorts from their positions.

But I’m curious to know your thoughts.

Leave a comment down below.

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Related: APE Topped $304.9 Million FTDs Last Month

AMC is About to Squeeze According to this Indicator

September 10, 2022 /
AMC News Today - AMC Squeeze
Market News: AMC News today.

AMC is about to squeeze; I mean we’ve heard it all year.

Catalysts have proven to provide false hopes time and time again.

However, there’s one piece of the puzzle you cannot deny, and it’s happening right now.

If you’ve been following my latest blog articles and videos on the channel, you know I’m referring to a special indicator I personally use.

The TTM Squeeze indicator – it signals a major shift in momentum whether it’s bearish or bullish.

The signal just transitioned from bearish momentum to the beginning cycle of what could be massive bullish price action for AMC Entertainment.

I’ve been watching the weekly timeframe on AMC to identify its macro trajectory.

And it’s looking very good.

Let’s break it down together.

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TTM Squeeze transition officially confirmed

AMC TTM squeeze transition
AMC TTM Squeeze transition confirmed – Franknez.com.

AMC has officially transitioned from bearish momentum to bullish momentum on the TTM Squeeze indicator.

The chart shown above shows three green momentum candles gradually growing, signaling big price action lies ahead.

Last week I went over AMC’s history correlating its price action with the indicator on my YouTube channel.

And we can see just how accurate this data is.

If you missed that video, you may watch it below.

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In the beginning of the year of 2021, AMC’s price action took off as retail investors began to buy the stock in bulk.

That momentum is captured on the TTM Squeeze indicator.

The indicator’s momentum candles kept growing signaling AMC’s price action was not done running yet.

Eventually the momentum signal began to give ‘sell’ warnings after reaching its all-time high, indicating momentum was beginning to dissipate.

This is where we slowly see the TTM squeeze indicator transition from bullish momentum to bearish momentum (red) candles, and AMC’s price action gradually plummet.

After more than a year of downtrend, selling momentum is no longer what it was, and we can see it on the charts.

In order for AMC to have a clean rebound, these momentum candles will have to gradually get larger and larger.

If retail investors are unable to sustain this growth, then it’s very possible sellers will begin to take over again.

But because we are seeing these candles grow every week, it’s a great indication the stock is on track for big growth over the long haul.

Is AMC a buy?

is AMC a buy

According to AMC’s TTM Squeeze indicator, it’s a screaming buy.

The signal is showing AMC is on trajectory for larger price action on the weekly timeframe.

AMC has had a strong level of support in the high $8 to low $9 levels with many anticipating the stock has already hit its bottom.

But I’m curious to know what you think, leave a comment down below.

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Big Volume in AMC Shows Investors Aren’t Leaving

August 25, 2022 /
AMC Entertainment Stock FrankNez
Market News: High volume in AMC Entertainment stock shows retail isn’t leaving

AMC Entertainment stock might have dropped in share price, but the volume shows investors aren’t leaving.

In fact, there’s been a lot of FUD (fear, uncertainty, and doubt) occurring where retail investors are either being advised to sell AMC’s Preferred Equity (APE) by brokers or being advised to sell AMC stock altogether by mainstream media.

While both might be quite alarming, investors seem to be holding down the fort for the movie theatre chain.

And if you’re puzzled by what may lie ahead for AMC then this article will provide you with some clarity.

Let’s get started!

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Let’s dive right into it!

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The theatre chain has gained a loyal following

AMC Entertainment’s volume remains healthy despite the uncertainty in both the market and company during these misinformed times.

The movie theatre chain has received little to no accolades for not only surviving the challenge of the pandemic lockdowns, but for an incredible and speedy recovery during the retail movement.

The company has managed to pay off a ton of debt, acquire several new successful locations across the country, and beat earnings every quarter since 2021.

AMC Entertainment also purchased a huge stake in gold and silver mining company Hycroft, instantly raising $295 million in just two weeks.

Yet CEO and Chairman Adam Aron is ridiculed for doing what no one else in history has done, communicating with shareholders to save a century old company from the grips of Wall Street market manipulators.

But the truth is Adam Aron is a sharp businessman and has an incredible skill for raising capital out of thin air.

He recently proposed AMC’s Preferred Equity, or $APE.

APE allows the company to have access to a fraction of shareholder’s capital in AMC stock by dividing the stock’s value into two separate securities.

While AMC Entertainment might not be able to dilute more AMC shares unless approved by shareholders, the company has access to do so with APE, raising a large sum of capital at any given moment.

It’s a genius move on behalf of the company and investors are happy to contribute to any possible catalyst that may potentially squeeze short sellers.

Retail investors continue to buy AMC stock

AMC stock
Retail investors continue to buy AMC stock

On Wednesday the movie theatre chain closed with its average of 49 million in volume.

The previous trading days consisted of trading at the average volume or twice its average volume, reaching more than 100 million.

AMC’s high volume shows that despite falling share prices, there’s high demand for the movie theatre stock.

On social media, ‘apes’ continue to raise awareness of market injustices and lack of proper institutional regulation.

SEC Chairman Gary Gensler said on Twitter, “regulators are looking to bring greater transparency into short selling”, a practice that market makers and hedge funds have overleveraged to suppress stocks such as AMC, GameStop, and many more from reflecting their true demand in the market.

Gary Gensler said in February during a Bloomberg exclusive that 90%-95% of retail’s orders are not processed through the lit exchange such as the NYSE.

But retail investors are making a ruckus, exposing conflicts of interest in the finance sector and demanding change.

For decades now the voice of reason has fallen on deaf ears, even Forbes is calling out for Gensler’s resignation.

Investors relay that only another lobbied Chairman will replace him – signifying it makes no difference.

Today, shareholders are looking to create a squeeze in both AMC and APE.

And with enough momentum, it’s impossible to not recreate what occurred in June of 2021.

Is AMC stock worth buying?

If you’re an AMC shareholder, leave a comment below explaining to new investors your thoughts.

Is AMC or APE stock worth buying?

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Which AMC Stock to Buy and How to Buy AMC Stock

July 31, 2022 /
Which AMC stock to buy - How to buy AMC stock
Which AMC stock to buy. Everything you need to know.

Are you wondering which AMC stock to buy?

I mean, there’s two AMC ticker symbols, right?

There’s AMC, and then there’s AMCX.

Well, if you’re looking to buy AMC Entertainment, the so called ‘meme stock’ for a short squeeze chance, then you’ll want to buy ticker symbol ‘AMC‘.

AMCX on the other hand is AMC Networks, as in the TV network where The Walking Dead airs.

Last year the Motley Fool published an article deceiving the public into buying AMCX to refrain AMC’s share price from surging due to retail demand.

You’ll know you’re buying the correct AMC stock as long as it’s the world’s largest movie theatre chain ‘AMC Entertainment Holdings, Inc., and not the television network.

franknez.com

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Let’s dive right into it!

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How to buy AMC stock

How to buy AMC stock
How to buy AMC stock with Vanguard.

To buy AMC stock, you’ll need to open a brokerage account with a broker such as Vanguard.

Once you open your account, you’ll be able to fund it similarly to a bank account and buy AMC Entertainment Holdings stock along with other desired stocks of your choice.

I don’t suggest you buy AMC stock with Robinhood as the broker has undergone several liquidity issues in the past.

Robinhood is no longer a trusted source for investing in the eyes of AMC and GameStop retail investors.

For a step-by-step guide on how to open your Vanguard brokerage account, you can read my beginners guide here.

AMC Entertainment stock is currently trading around the $14-$15 levels.

Is a short squeeze really possible?

AMC managed to squeeze a few short sellers from their positions last year when AMC’s short interest dropped from 23% to 20%, then to 14%, respectively.

For over a year now, AMC’s short interest has gone up to nearly 20% again indicating there is still juice for shareholders to take AMC’s share price to the next level.

I update AMC’s short interest every morning here on the blog so be sure to bookmark the page for the latest reported data.

The biggest reason investors are buying AMC stock is because of this massive short squeeze potential.

AMC may have reached an all-time high of $72 per share last year, but shareholders only saw this price runup as just the beginning.

AMC CEO Adam Aron recently hinted at an upcoming ‘pounce’, and investors are speculating something big for the stock. 

Related: Is Adam Aron About to Release a Secret Weapon Soon?

Is AMC stock dead?

Absolutely not. In fact, AMC’s fundamentals have greatly strengthened in the past year.

AMC’s Q1 results for 2022 were very impressive as the company beat earnings, shocking Wall Street once again.

Q2 earnings call will be announced on Thursday, August 4th.

Be sure to check back in for the highlights here.

Is AMC’s short squeeze dead?

That’s very unlikely as AMC’s short interest is still rather high.

All AMC needs to squeeze shorts from their positions is momentum to drive the price up again, initiating mass panic for those betting against the company.

Want the latest stock market news and updates?

Franknez.com

I publish the latest market news and AMC stock updates here on the blog.

Many of my readers got in on AMC last year when the stock was trading at only $5 per share.

If you’ve been following my work closely, then chances are you also got in on HYMC stock (AMC’s mining company) and Shiba Inu Coin early enough to profit big.

Join the newsletter for daily market news sent straight to your inbox, or feel free to follow me on social media.

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