AMC has been trading in the $30-$40 range comfortably ever since its climb to $72 per share.
However, we have seen the short interest come down a little.
Could it be small short positions are being covered? Perhaps.
The holidays are coming up.
Who’s going to cave in first?
Welcome to Franknez.com – today’s blog article is going to be relatively short (no pun intended). Will AMC squeeze this year?
Let’s get started!
Apes, the holidays are just around the corner.
DON’T DIP INTO YOUR INVESTMENTS.
Just kidding, I can’t tell you what to do with your money.
But something incredible is happening here.
We’re trading above $40 per share and the short interest has gone down a little.
Looks like some short sellers could be cutting their losses or collecting whatever little profit they made now.
This is great for apes going long on AMC because as more shorts begin to cover, AMC’s share price will continue to skyrocket.
And we know there’s a ton of shares available that have yet to be covered.
Apes VS Short Sellers
Who will cave in first?
Will it be you or them?
We’ve been in the middle of this tug-a-war game all year.
The difference between the community and short sellers is that we’ve achieved a lot along the way (major shade).
I want my (vegan) tendies too damnit.
But I won’t maximize my profits by selling now.
Could I cash in 5-figures? Yup.
Not looking to cash in 5-figures though 😉.
I’ve been writing about AMC all year and I am not going to sell now 😂.
I’m very well aware of how many of you feel.
Some of you are like me.
You don’t care how long this takes although you’d like for it to have happened months ago.
For others, every day AMC doesn’t squeeze kills you!
We must learn to detach our emotions from our investments and trust our convictions.
It’s True AMC Can “POP” Anytime
That’s because at any moment big shorts can deflate the short interest by covering their short positions.
And when that happens, it’s MOASS time.
So in reality, AMC can squeeze by the end of this year, or not.
What’s cool to see is that majority of you are willing to HODL strong.
Holding AMC at this point is long-term.
AMC’s Q3 earnings call was spectacular to say the least.
As AMC Entertainment continues to innovate, I’m confident we’re going to see the stock price rise in the months to come.
Leave a comment below.
Are you going long-term too?
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