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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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Retail Investors are Rising Against Wall Street Corruption

November 27, 2022 /
Retail investors are rising against Wall Street
Market News: Retail investors are raising awareness of market injustices.

I’ve been fortunate enough to have seen the rise of retail investors for the better part of 2+ years against Wall Street.

Conflicts of interest amongst Wall Street, banks, and mainstream media were uncovered during the ‘meme stock’ frenzy in January of 2021.

But it didn’t stop there.

Throughout 2021 and 2022, the retail community has raised awareness of market injustices, claiming the SEC’s chairman Gary Gensler has only been complicit to the illicit activities that occur on Wall Street.

The disadvantage retail investors have over hedge funds has never been clearer.

Between naked shorting, FTDs, OTC trading, Dark Pool trading, PFOF, and short and distort campaigns, the cat has been out of the bag.

The question now is what is being done to tackle the problems retail investors are facing?

Wall Street has been able to take advantage of the little guy through the predatorial practices mentioned above with no repercussions from regulators.

Will retail investors continue to rise against Wall Street in 2023?

There are no doubt activists will continue to push reform until there is real change that levels the playing field for retail.

People Are Waking Up to Mainstream Media

Elon Musk has been calling out mainstream media on Twitter for misleading information or ridiculous hit pieces.

The impact Elon is having on Twitter is something that has not been seen.

He’s been able to raise awareness by simply ratioing mainstream media accounts, often times putting them in their place.

People have always voiced their opinions and concerns with mainstream media, but now the people have the biggest influencer in the world backing them up.

Citizen journalism has already been exponentially rising as blogs and independent media websites begin to report what mainstream media is failing to report.

The people are now following more sites such as Franknez.com and Nezmediacompany.com for market news and retail updates.

Mainstream media has been used by big financial institutions to push agendas that cater to their financial interests.

In a CNBC exclusive, Elon Musk says “hedge funds have used short selling and complex derivatives to take advantage of retail investors.”

This is something retail investors who purchased so called ‘meme stocks’ last year found out very easily.

The complex derivatives Elon is referring to could be an array of things such as options trading, HFT, swaps, borrowed stock, and even naked shares.

The Tesla CEO says hedge funds will short a company, conduct negative publicity campaigns to drive the stock price down, then cash out and do it multiple times over.

This tactic is what’s known as “short and distort”.

Hedge funds impose their influence on corporate media such as The Fool, Wall Street Journal, and MarketWatch to scare people out of their money.

How Can Retail Investors Make a Dent?

Wall Street and Mainstream Media | Wall Street corruption.
Wall Street and Mainstream Media | Wall Street corruption.

Retail investors will have to continue to raise awareness when activists and citizen journalism demands it.

But even retail investors have had their better days, with some even refusing to give their viewership to independent hosts and journalists simply due to capitalization involvement.

Retail investors have more power than they know, but it only combats mainstream media when they support citizen journalism or independent hosts working on spreading the truth.

The people will rise against Wall Street corruption, with or without independent journalists and platforms.

Though more can be done with the latter.

Related: Elon Musk: Hedge Funds Tank Stocks Using ‘Short and Distort’

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AMTD Digital Inc. (HKD Stock) Surges 311% on Wednesday

September 15, 2022 /
AMTD Digital HKD Stock
Market News: HKD Stock is skyrocketing again

HKD Stock surged a massive 311% on Wednesday when the stock moved from the open of $46.01 to a close of $189.42.

AMTD Digital Inc. had skyrocketed from $13.54 to more than $2.5K in only a matter of two weeks when it peaked in August.

Sources say the stock was halted 11 times on Wednesday due to its volatility.

The Hong Kong-based financial services firm has soared more than 32,000% following its IPO in July.

And heavy buying volume seems to be triggering these massive moves.

Is there something retail can learn from this?

Let’s discuss it.

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Volume rises by more than 5,500%

HKD stock’s volume rose by more than 5,500% its daily average volume of 377K when it reached 1.5 million on Wednesday.

AMTD Digital Inc. grew nearly $27 billion in market value.

The company has approximately 187.44 million shares outstanding, significantly less than that of GameStop’s (304m) and AMC Entertainment’s (516m).

Interestingly enough, pre-IPO shareholders, directors and executive officers are subject to a lockup agreement that prevents them from selling shares until January, according to the July 15 prospectus.

AMTD Digital’s shares were also among the most actively traded stocks on the Fidelity platform on Wednesday.

Will the stock keep rising?

I’d love to hear your thoughts down below.

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GameStop Fires Firm Connected to Citadel (BCG)

March 27, 2022 /
GameStop BCG
Market News: GameStop fires BCG – GameStop Sued by BCG – GameStop BCG Lawsuit Reddit

GameStop let go of Boston Consulting Group (BCG) and the firm is now suing the retailer for $30 million in ‘unpaid’ fees.

BCG is now part of a scandal in a conflict of interest due to its connection to hedge fund and short seller Citadel.

GameStop said: “We do not believe it is in our stockholders’ best interests to pay the tens of millions of dollars sought by BCG, especially given their seemingly meagre impact on the company’s bottom line. We will fight this suit and are proud that GameStop no longer utilizes the likes of BCG for any services.”

BCG declined to comment.

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Chairman Ryan Cohen takes a jab at BCG

Chewy Founder and GameStop Chairman said on Twitter “the overpriced consultants at BCG are picking a fight with the wrong company.”

He later tweeted the following: “The only ones more useless than overpriced consultants are the ones that hire them”, referring to Citadel’s ex-BCG employees.

That’s right, numerous consultants over at BCG were later hired by Citadel.

Retail investors are flooding @BCG on Twitter for infiltrating GameStop under the old board before Cohen came in.

BCG was hired to bring GameStop out of its ‘slump’ when it was struggling, according to the lawsuit.

The consulting group says it spent “tens of thousands of hours” on the project and “overachieved” by creating more profit improvement opportunities.

“It is confounding that the high-priced consultants at BCG claim to have delivered hundreds of millions in value for GameStop during a period when share price, sales and debt were at perilous levels,” GameStop said in an emailed statement. 

GameStop said it’s “proud” it no longer uses the consulting group’s services. 

Was GameStop infiltrated by BCG?

It’s incredible how these consultants seamlessly ended up at GameStop only to join Citadel afterwards.

For starters, GameStop’s Vice President and head of Corporate Strategy & Analytics Jackson Speake was a consultant and project leader at BCG before joining the game retailer.

He also worked a Bain & Company, a company that would acquire failing businesses such as Toys R Us, and ‘bust them out’.

Except they wouldn’t bust them out, they would buy the companies using the struggling companies own credit.

This scheme is known as a Leveraged Buy Out (LBO).

Once Bain had control of the businesses, they would bring on their own board members and executives.

These executives would then pay themselves large bonuses prior to defaulting the business.

Hedge funds such as Citadel would then drive the company down to zero and keep all the money they made from short selling the stock.

Was this ring of manipulators attempting to take GameStop down?

Let’s dive deeper.

Citadel employees with BCG backgrounds

A few years ago, BCG was retained by the SEC due to concerns relating to organizational chain of command, the effect of high frequency trading, hiring and personnel practices, and oversight and reliance on self-regulatory organizations.

You can read the testimony here.

Retail activists did some research and found a variety of Citadel employees have ties to BCG.

BCG Citadel Connection
GameStop BCG Reddit Citadel Connection

One member even shows to work for both parties.

But GameStop is no longer doing business with BCG.

Retail investors are convinced there was an infiltration to bankrupt GameStop from the inside out.

What do you think?

Or is this all just one massive coincidence?

Leave your thoughts below.

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