Tag: Apestothemoon (Page 2 of 2)

GME Shorts Face Nearly $500 Million in Losses from Surge

GME shorts face nearly $500 million in losses from surge
Chairman Ryan Cohen purchases 100,000 shares of GME stock

GME shorts are suffering approximately $500 million in losses from GameStop’s price surge today.

GameStop soared to $123.14 per share, up almost 31% from its previous close of $94.20.

And GME shorts are facing the wrath of retail investors yet again.

Will this cause short covering to occur?

Let’s break it down together below.

franknez.com

Welcome to Franknez.com – retail investors are sticking it to short sellers again! Both AMC and GameStop saw impressive gains today, causing millions in losses for short sellers betting against the so called ‘meme stocks’.

Let’s dive right into it!

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GameStop surges nearly 31% starting the new week

GameStop surged 30.72% today causing GME shorts nearly $500 million in losses.

GME’s trading volume was also significantly higher than its average volume of 3 million.

Today GameStop’s trading volume reached 14 million, driving the stock up nearly 31%.

We’re also seeing a lot of afterhours activity.

GameStop has gains upwards of +16% afterhours.

And although afterhours price action should be taken with a grain of salt, it certainly elevates investor confidence.

Will GME shorts finally close their positions?

Be sure to leave a comment at the end of the article with your thoughts.

GME shorts are without a doubt going to continue to lose money holding on to their short positions.

The retail community has only grown which puts short sellers at a disadvantage.

Furthermore, retail investors continue to fight for market transparency and short seller scrutiny in the market grows.

Ryan Cohen purchases 100,000 shares of GME stock

Co-Founder of Chewy and Chairman of GameStop Ryan Cohen just purchased 100,000 shares of GME stock, shown in this SEC filing.

Cohen now has a total stake of 11.9% in GameStop.

Here’s the Chairman’s response to his latest position increase.

Ryan Cohen has been public about his distaste for short selling in the market.

Among other public figures to show their dislike for short sellers has been Elon Musk (Tesla), Adam Aron (AMC), and Jon Stewart.

Short sellers have been driving the prices of AMC and GameStop down for over a year now in efforts to refrain retail from creating squeezes.

But will retail power drive GME shorts out before they incur beyond-repair losses?

Related: GameStop is evolving into a tech company: Q4 highlights

GameStop short interest data

GameStop Short Interest
GameStop shorts – Short interest data

Mainstream media has been pumping out that GameStop can no longer squeeze.

However, this narrative is false and part of a ‘short and distort‘ campaign produced to fuel corporate leaders’ short selling agenda.

GameStop currently has a high short interest of 23.87%.

I update GME’s short interest here daily in case you’d like to bookmark it for your convenience.

GameStop’s utilization is at 100 and there are currently 20.13 million shares out on loan.

In other words, GameStop has plenty of short squeeze juice to skyrocket its share price to new all-time highs.

GameStop’s massive surge to $500 last year in January triggered Robinhood to halt trading.

AMC, and other ‘meme stocks’ that were rising in share price were also halted.

GME shorts lost billions.

History might just repeat itself, only I think we all know the damages today will much more superior.

Read: AMC surges more than 15% entering the new week

Stick around for more market news

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Year May End in Short Squeeze Cyclical Rallies Says Analyst

Short Squeeze News Marko Kolanovic
Short Squeeze News – Marko Kolanovic

JP Morgan Chief Global Analyst, Marko Kolanovic, is predicting we will transition into the new year with short squeeze cyclical rallies.

He indicates that short sellers will get squeezed soon due to aggressive shorting and resilient retail investors.

“Large short positions will likely need to be closed before January”, via Business Insider.

This news comes after the retail investor community in AMC and GameStop have been advising about overleveraged hedge funds all year.

GameStop is up 800% and AMC is up more than 1300% year-to-date.

While both stocks have recently come down, they are still heavily shorted with lots of room for growth with a short squeeze.

The ape community has been speaking of a ‘third phase’ where the next runup of both these stocks will reach new ATHs.

But some apes are skeptic.

Will this be a proper short squeeze?

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Welcome to Franknez.com – if you’ve been reading the blog since early 2021 then you’ve probably made a ton of money. And if you’ve diamond handed AMC stock all year, it’s about to get a whole lot better.

Let’s get started!

Massive Moves Are on the Horizon

rocket ship

Mainstream media claimed the runup to $72 per share was AMC’s short squeeze.

Only it wasn’t a proper runup.

AMC has always had more potential due to how overleveraged short sellers are on the company.

The Ape community has held through losses and gains and bought every dip.

This resilience is why AMC stock is setup for another massive runup.

Only this runup will be much larger than the first and second.

TA (Technical Analysis) charts have shown AMC’s next runup could very well reach hundreds of dollars per share.

I’ve predicted AMC’s third runup will easily reach $200-$300 while other analysts in the community are predicting $400-$600 per share.

How high AMC’s price will go will depend on how much short covering actually occurs.

Even then, with millions of synthetics circulating the markets, there’s no question why retail investors are deeming the next runup a ‘fake short squeeze’.

What we do know however is that massive moves are coming up regardless of the label.

Can This Next Runup Trigger MOASS?

While it’s certainly possible the next runup could trigger MOASS, the feds are still investigating hedge funds.

And what’s a proper MOASS if synthetics aren’t fully taken accountability for and covered?

In this video I discuss my thoughts on the topic.

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The next runup will mean that every ape invested in AMC will be profitable.

That I’m certain of.

MOASS will occur when these phantom, synthetic shares have been closed.

While the community can put the information out there, it will ultimately be up to regulators to force financial institutions to cover these too.

Retail investors will have to continue fighting for proper market structure if a MOASS is to occur.

In the meantime, the community should keep an eye out on the short interest data.

While Ortex data is self-reported and could very well be higher, it’s the only tool retail investors currently have to measure some ‘squeeze potential’.

Get Excited for Big Moves

franknez.com

Regardless of if the media refers to these coming moves as a short squeeze, the community is going to be very profitable on paper.

What lies after these price runups will become clearer as this play continues to unfold.

Massive moves seem to be up ahead, know what you hold.

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Read: Anchorage Capital closes after betting against AMC stock

Topic Discussion on YouTube with FrankNez

When AMC Squeezes, How Will You Use The Money?

AMC Short Squeeze Community

Hey guys! I wanted to do something fun for the community. Apes have been holding for what seems to be an eternity. Some of you have commented on some of my AMC posts what a short squeeze would mean for you. Your stories have inspired me to create this thread so that all apes can share their stories too.

With so much negativity trying to penetrate our community, I thought we could all join forces and spread some positivity.

Use the comment section below to let the ape community, the gorilla gang, the moon platoon, know what a short squeeze would mean for you.

Don’t forget to drop a share to inspire another fellow ape in the community. #AMCtothemoon

franknez.com AMC

– Frank Nez


AMC stock archive

  1. Here’s why people are buying AMC stock: Investors guide
  2. How soon will we see an AMC short squeeze?
  3. How high can AMC stock price skyrocket up to?
  4. When do shorts have to cover their position? (AMC)
  5. AMC stock price to $100 per share soon?
  6. Is it too late to get in on AMC stock?
  7. A message to the SEC on fails to deliver (AMC)
  8. Charles Schwab raises margin requirements for AMC and GME stock
  9. Deputy global treasurer Michael Kurlander resigns from Citadel
  10. Citadel loses billions: Hedge funds are getting dragged down
  11. How soon will hedge funds get margin called?
  12. What are dark pools in stock trading? (AMC)
  13. What is margin call in stocks? AMC saga
  14. Here are 3 undeniable reason why AMC stock will keep surging
  15. AMC stock is up nearly 3000% without a short squeeze
  16. 5 advantages retail investors holding AMC stock have over hedge funds
  17. 6 things retail investors holding AMC stock should know
  18. AMC stock: Retail investors now own the float
  19. AMC margin call: the squeeze is inevitable
  20. Media tries to scare people out of their money: AMC saga
  21. Why new retail investors investing in AMC should avoid Robinhood
  22. An excellent AMC exit strategy guide: Short squeeze
  23. Success tips to multiply your money when AMC moons
  24. How to read Stonk-O-Tracker for beginners

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