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AMC’s Short Interest Rises to 21.64%

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

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

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)

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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Let’s dive right into it!

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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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Reddit Confidentially Files for an IPO A Year After ‘Meme Stocks’

Reddit IPO News
Reddit IPO News

Reddit just filed for an IPO a year after its incredible attention from ‘meme stocks’ on r/wallstreetbets.

The company submitted a draft registration statement on Form S-1 to the SEC related to the proposed IPO.

The number of shares and price range for the IPO has yet to be determined.

I’m extremely curious to hear what the community thinks.

This IPO is currently under review by the SEC.

franknez.com

Welcome to Franknez.com – today’s market news is on Reddit filing to go public. This should be interesting.

Let’s get started!

Many of us have spent time on Reddit at least once this year.

Some probably a little too much time, lol.

Should you invest in Reddit?

Let’s discuss it.

How Does Reddit Make Money?

How does Reddit make money?
Reddit IPO news – how does Reddit make money?

Reddit generates revenue through advertising and ad-free premium membership plans.

Reddit is currently valued at more than $10 billion dollars and has raised $410 million in funding this year.

The company is reportedly aiming for $15 billion when its IPO comes to market.

In its 16 years, Reddit has mainly focused on growth rather than profitability.

However, fundamentally speaking, the company is very profitable, surpassing $100 million for the very first time in Q2 of this year.

More than 50 million people visit Reddit daily!

Innovation For the Future

reddit rocketship

Reddit plans to improve product features and advertising products for small and medium-size businesses.

Reddit is also focused on expanding internationally since most of the site is U.S-centric.

Curiosity drove millions of people to Reddit after GameStop and then AMC stock went mainstream.

The site saw an increase in users more specifically in trading and stock investing subreddits.

Wallstreetbets had about 3-4 million members when I joined.

It now has 11.3 million and counting.

Reddit is truly the CEO of forums.

Will You Invest in Reddit Stock?

franknez.com

I’m curious to know your thoughts.

Once approved and Reddit goes public, will you invest in the stock?

I personally wouldn’t mind diversifying my portfolio with a few shares to start and see where it goes.

Comment your thoughts below.

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Here’s Why People Need To Get In On AMC Stock Right Now

AMC Stock
Will you miss AMC’s short squeeze?

AMC stock is up more than 2000% year-to-date. People continue to wonder why AMC talks continue to pop up everywhere.

The AMC community has grown immensely since the start of this year. Retail investors discovered data that would allow them to make massive gains from simply buying the stock and holding it.

The SEC just released a report confirming what has driven GameStop’s share price up and how we’ll know when shorts begin to cover; more on that later.

The first wave of retail investors are up significant amount of money from getting in early, a few from the second wave are beginning to break even, with another percent finally seeing profits.

With AMC currently trading in the low $40s, third wave investors that get in now could experience significant gains on AMC’s next major runup.

franknez.com

Welcome to Franknez.com – I’ve been discussing AMC’s data since early February. If you missed the runup twice already it’s not too late and I’m going to discuss why.

Let’s get started!

Some of you have told me you saw my AMC articles early this year, dismissed them, but luckily got in right before the push to $70 per share.

Others had the same experience but got in a lot higher.

If you’re holding losses at the moment I think it’s fair to say, for some of you, that it was due to negligence. Negligence of information, correct?

But it doesn’t matter because some of you second wave investors are finally breaking even, with a few even profiting again.

You see, AMC stock has the perfect setup for another runup and a lot of people are going to miss it, for the third time!

But not you.

And I believe this third wave could cause the big one to come to fruition.

We’re going to take a look at where AMC is now, and what we can learn from the SEC’s new report regarding GameStop’s runup back in January.

AMC’s Momentum Just Only Started

The momentum we’ve seen with AMC stock has merely been a statement. A statement that said, “hey look over here, check out this data before it’s too late”.

The runups AMC has had, brought attention to the data. This data tells us massive change is going to occur in the lives of those who hold these golden tickets.

A lot of what’s occurring in the markets is quite complicated, but in short, retail investors are taking this opportunity to squeeze hedge funds betting against the movie theater chain from their short positions.

Squeezing these players out of their short positions would create what’s known as a “short squeeze”.

A short squeeze would create so much momentum that AMC’s stock price would skyrocket to unprecedented numbers.

The Stock Is Not That Far From Its New Bottom

The AMC community created a new bottom for AMC stock. After several price moves, it seems AMC has found a new bottom in the mid to high level $30 range.

If you added to your position when the price was around $36 last week, then you’re already seeing gains the start of this new week.

AMC is not that far from its new bottom which means it has a lot of upside potential from buying pressure alone.

As momentum buyers continue to apply pressure against short sellers, AMC’s stock price will continue to move up past $50, $60, $70, and beyond.

As AMC establishes higher highs and higher lows, we also raise AMC’s bottom.

So where the current bottom is in the mid to high $30s, a new bottom could easily establish itself in the $70s-$80s after the next major runup for example.

How high this new bottom gets raised would depend on how high the next runup goes.

We’ve seen this type of price move with Tesla as it continued to set higher highs and higher lows.

But with that being said, at the rate the AMC community is growing, the momentum and buying pressure is (without a doubt) there to grow AMC’s market cap.

Will This Third Runup Squeeze Big Shorts?

Hedge funds have been losing billions of dollars all year from overleveraging their short positions in both AMC and GME stock.

It’s very possible a third runup forces big shorts to close their positions to refrain from losing even more money.

In this instance, the short interest would plummet and AMC’s share price would skyrocket.

This of course would depend on how big the momentum carried out by retail is.

The SEC confirmed in a report how important buying pressure was to squeeze GameStop short sellers earlier this year. More on that below.

One thing is certain. Early third wave investors along with long term holders will be up significantly in gains as the buying pressure increases.

Late third wave investors could very well partake in the short squeeze event as short sellers rush to close their positions during the next AMC runup.

This third wave of momentum is not necessarily coming from new FOMO buyers but mainly from the AMC community who’ve been buying and holding the stock for months now.

Additional momentum from FOMO buyers will only add fuel to the rocket.

In the recent SEC report, they back up how intense momentum can increase the price of a particular security, I’ll go over that in just a moment.

Should You Buy AMC Stock Today?

We’ve discovered the secret hedge funds feared we’d discover. And it’s the power of community.

AMC has a massive community made up of millions of retail investors who are buying and holding the stock until a massive short squeeze is triggered.

This means the community is periodically buying the stock but also holding it, as momentum continues to push the stock price upwards.

Whether you decide to buy and hold AMC stock for a short squeeze play or for profits, be sure to do your research first because patience eventually ends up paying off.

How Will We Know When AMC Squeezes?

The SEC just released a report detailing the events that occurred in January regarding GameStop’s massive runup.

They mentioned that one thing they noted, was that GameStop’s short interest decreased during the time the share price had increased drastically as it began to squeeze shorts from their positions.

This confirms to us just how important the short interest is in this short squeeze play.

SEC Gov. Report On Equity and Options Market Structure
SEC Gov. Report On Equity and Options Market Structure Source: Page 26

In that same excerpt, the SEC confirms that volume was a significant factor that triggered shorts to cover their positions in GME.

What differentiates AMC from GME is that GameStop’s short interest continued to go down after it’s runup, while AMC’s short interest actually increased.

This means that these AMC price moves have been solely from retail momentum.

Shorts have not covered AMC and it’s for this reason that AMC will continue to climb up until shorts tap out like they did with GameStop earlier this year.

Now, GameStop still has juice left to keep running up. It’s current short interest is at 11% where AMC’s is at 17%.

But it’s all in the hands of retail investors at the moment. And as long as retail investors continue to buy and hold the stock, the price will continue to surge based on demand alone.

Here’s Why AMC Will Keep Surging

What triggered GameStop’s massive price increase was a combination of retail buying pressure that led up to many shorts covering their short positions.

We saw this as GameStop’s short interest fell from 100% to where it’s currently at today.

AMC’s short interest has only increased which means now is the perfect time for retail to conjure up a buying storm if a short squeeze is to be triggered now.

Although AMC does not have the short interest GameStop did back in January before it squeezed, AMC’s short interest is leaning closer to 20% which is still categorized as “extremely high” short interest.

You can view the short interest as being the juice to the squeeze.

AMC’s amazing runups have all been merely from proud AMC shareholders fighting against short sellers.

And we’re not going anywhere until they’re squeezed.

How To Trade A Short Squeeze

Short Squeeze Volume

A short squeeze requires short squeezers to go long, which majority of the AMC community has done.

A candidate with more than 10% short interest has enough short sellers to create a short squeeze.

AMC’s short interest is coming up to 18%.

The only thing stopping AMC from squeezing at the moment is massive buying pressure.

The people who miss out on this short squeeze play will be those who do not get in on this historical play right now.

Because as soon as short sellers are triggered to close in masses, it would have been too late to participate in this short squeeze play.

GameStop Short Squeeze SEC Report
SEC Gov. Report On Equity and Options Market Structure Source: Page 25

Will You Miss AMC’s Short Squeeze?

AMC stock is up more than 2000% year-to-date. Mind you this is without a short squeeze and with the short interest increasing all year.

GME is up more than 900% year-to-date although it used up majority of its 100% short interest earlier this year.

An AMC short squeeze is inevitable and the gains will be immense. The question is, will you be a part of it or will you miss it for the third time?

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Here’s Why An AMC Rebound Is Right Around The Corner

Will AMC Rebound
AMC has massive potential to rebound

AMC Entertainment stock is respecting that $35-$38 level of resistance very well. Retail investors are wondering when AMC will rebound.

Some of you are HODLing gains, some of you losses.

However, something extraordinary has been happening while AMC stock has been slowly creeping down to its current price range.

The short interest has hit an all-time high. And although new shorts might be profiting on paper from AMC’s $70 decline, hedge funds who have been shorting AMC since January face apocalyptical conditions.

I mean, have you seen Kenny recently?

franknez.com AMC rebound

Welcome to Franknez.com – the blog that provides you with unfiltered information about your favorite stocks. Today we’re talking AMC and why I personally think we’re heading towards a rebound.

Let’s get started!

Last time AMC’s short interest was at 20% it jumped past $70 per share back in June. The current short interest is hovering extremely close to 21% now.

If this doesn’t have you excited it should. If history repeats itself, which usually does, this could be big.

Here’s what we can learn from the past.

Patterns Often Times Repeat Themselves

Before we moved past $50 again last month, patterns suggested that breaking specific levels of resistance would lead us there.

Breaking $32, $38, $40, etc, proved to be right.

Well now AMC has been doing incredible at respecting the mid to high $30s again like it did last month.

Community, don’t be fooled – this shows strength in the stock. Not just the stock; but in the community as well.

See, no one is getting left behind. We’ve come too far to let off the gas pedal.

The fact that we have been seeing a strong resistant level in the $30s again signals that apes continue to hold. It will be a rare instance if AMC’s share price goes below this price range.

And although we might have seen it drop a little below (maybe once or twice) last month, AMC has proven to be extremely uncomfortable below the $30 range.

This leads me to believe that we indeed have a new bottom. And compared to where it was at $5, I’d say it’s a pretty great bottom.

What Does AMC’s Short Interest Data Tell Us?

The short interest is the number or percentage of a stocks float that has yet to be covered by shorts.

This is what I like to refer as the rocket fuel. 10% short interest is considered to be high where 20% is considered to be ‘extremely high‘.

For perspective, Apple stock has less than 1% short interest.

Here’s Why This Matters

AMC topped almost 9% back in January during its first runup to $20. Then, it peaked at 20% in June when the stock price surged past $70+.

AMC’s short interest fell as low (or I should still say as high) as 14.76% in July before beginning to move up again in August and September.

October could be the month we get another massive rebound. AMC actually hit 21% short interest a few days ago and is extremely close to reaching this percentage again.

The increase in short interest percentage tells us that more short sellers have gotten in on the stock since the runup back in June.

And as long as retail investors continue to buy and hold the stock, the community can set new bottoms and run the price up again, squeezing new short sellers from their current positions.

This extremely high short interest can ignite an AMC rebound specifically because the ‘market‘ is there. The short sellers are there and the demand for AMC stock continues to increase.

So what happened is that instead of all short sellers closing their positions back in June, the few that did were replaced by new ones. This short squeeze play is nowhere close to being over and I’m excited!

Here’s What The Trading Volume Tells Us

AMC’s trading volume reached 1.2B the day it rose to $20 per share. It’s previous trading day volume was around 456M.

In June, when AMC’s share price hit $70+ dollars the volume peaked at 766M. AMC opened at $37.52 that same day on Wednesday June 2nd. Incredible right?

The trading volume before the runup ranged between 400M-700M its previous trading days.

Ladies and gentlemen, volume matters. An AMC rebound is just around the corner; however, retail would need to play more offense than defense.

AMC has the perfect setup for another massive upswing. And if you sold, sorry to break it to you but this ain’t done running up.

Theoretically speaking, retail would have to refrain from selling in order to hold new levels of resistance to further runup AMC’s share price.

Upcoming AMC Price Prediction (October-November)

AMC has peaked at $20, and it’s peaked at $70; that’s 3.5X from it’s first run. If this pattern continues, we could very well see AMC peak closer to $250 per share with some serious volume from retail.

If you’re part of the Patreon, you’ve seen me adding AMC throughout the months and know I’m making another purchase very soon. The stock is currently at a bargain for momentum traders and my conviction has only gotten stronger.

This is why buying and holding has been all the DD the community every truly needed. The volume from retail is the sleeping giant. It’s what hedge funds didn’t want you to know.

As always, thank you for reading the article. Be sure to share it with another ape.

How Long Have You Been HODLing AMC For?

Leave a comment below. How long have you been holding AMC stock for? Were you in the battle of $8.01? Or are you a new ape? Share your story with the community below 👊.

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Is Now a Good Time to Buy AMC Stock?

Are you a new retail investor? Bookmark these investing tips from Frank Nez

Is now a good time to buy AMC stock?
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Is now a good time to buy AMC stock? Post by Franknez.com

AMC stock has had a crazy play in the market thus far. Redditors and even Fox Business are determined it’s going to squeeze. More AMC stock news has arise with 100/100 short squeeze data. So, is now a good time to buy AMC stock?

franknez.com is now a good time to buy AMC stock?

Welcome to Franknez.com – the blog where you can digest content on personal finance, side hustle ideas, entrepreneurship, and trending investing topics.

Lets get started!

AMC has been the talk in the finance and investing world. Institutions such as Citadel were betting on AMC going bankrupt. That means no more movie theaters for all of human civilization. As if, right?

AMC is no longer on the brink of bankruptcy and has raided more than $2 billion dollars to keep them afloat until the end of 2022. This is not including the revenue they will be bringing in from ticket sales and food and beverage.

AMC Entertainment has also just recently acquired both The Grove and The Americana Cinemas. This is massive news for the AMC community as the company takes on bigger roles through business fundamentals.

AMC’s community has grown immensely

If you’re looking to get into a community that’s against a corrupted financial system then the AMC community is the perfect place for you to gain an insane amount of knowledge.

This community has uncovered stock market manipulation, received the attention of the media, and have some of the biggest influencers of our time backing it up.

Apes continue to buy AMC stock till this day. This momentum trading is neither bullish nor bearish. It’s apeish.

AMC’s short squeeze data

You can find loads of information about AMC’s short squeeze data here on the blog, on AMC stock Reddit, or on YouTube.

After several analysts took notice that the stock was being heavily shorted they began posting this information on AMC stock Reddit where it grabbed the attention of everyone else who missed GameStop’s gamma squeeze.

AMC stock is currently in the $33 range, give or take. It is costing short seller 1.10% interest to hold their positions, via Fintel. And although the short borrow fee has recently gone down, it costs retail investors nothing to hold the stock.

Shorts betting against the stock are also facing major scrutiny from brokers such as JP Morgan and Charles Schwab. These two broker firms have begun to raise margin requirements on both AMC and GME stock.

If hedge funds continue to overleverage their positions then they will be forced to close out their positions, initiating the mother of all short squeezes.

Read: When do shorts have to cover their positions (AMC)?

The biggest transfer of wealth in history

Redditors on r/wallstreetbets found out AMC was the #1 shorted stock via MarketWatch. At least until the hedge fund affiliate removed it from their list.

New retail investors be warned, you’re in for a ride. Hedge funds are playing dirty.

AMC stock #1 shorted stock
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Why did they do this? Perhaps to divert retail investors from buying the dips. See, when AMC squeezes it’s going to leave these hedge funds negative billions of dollars. All meanwhile retail investors make some rather life-changing wins.

It’s no doubt that when this happens we will be witnessing one of the largest transfers of wealth in history.

AMC was around $30 in 2016

People don’t tend to look far back enough to see that AMC was a healthy $30+ back in the booming party economy of 2016.

AMC stock buy

The stock price went as high as $35 in 2017. Here’s the link where you can check the price prior to the pandemic –> Link. We are not hitting all-time highs based solely on fundamentals.

The stock was falling little by little after 2017 due to the amount of debt AMC amassed, however; AMC has raised enough capital to start off clean in 2021.

The previous price point is worth mentioning because it gives us a glimpse into the threshold where shorts are losing a lot of money. Any price above $35 and hedge funds are really feeling it!

Adam Aron, CEO & President of AMC shares positive news
  • More than 90% of AMC movie theaters are now open as of March, 31st
  • AMC Entertainment has raised more than 2.2 billion dollars in cash
  • Vaccines and movie theater policies are making movie theaters safe
  • New movie titles are guaranteed to increase sales revenue
  • CEO and President Adam Aron expresses an optimistic future for AMC Entertainment

AMC stock is currently treading the $40 mark but has traded as high as $70. We’ve saw AMC’s share price in the beginning go up from $2.50 all the way to $20. We’ve seen a little of a selloff but this is normal. Investors will sometimes take small profits but continue to hold majority of their stake in the company.

The AMC community aren’t the ones causing red days. Short sellers continue to borrow shares to bring the price action down. Once retail investors manage to bring the price above $80 it’s game over for hedge funds.

$80 will lead to $100, $200, and eventually trigger a short squeeze.

Read: AMC stock price to $100 per share soon?

Will AMC squeeze?

Fox Business AMC strong chance of a short squeeze

The probabilities of AMC squeezing are rather high. The stock is heavily shorted.

The #1 reason why AMC will see a short squeeze is because shorts have not closed their positions.

And unfortunately for them it’s a lose-lose situation. We suggest they close where AMC is consolidating before it begins to rise again and see new levels of resistance; where at this point there’s no going back.

Short-sellers, take your loses now before they’re greater down the road.

So, is now a good time to buy AMC stock?

Absolutely. AMC stock is a ticking rocket ship waiting to take-off.

With theaters reopening, more and more institutions loading up on shares, and vaccines out to the public, AMC is a great buy with our without a short squeeze.

Read: What the fool isn’t telling you about AMC stock could hurt you

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