Post by
Belgiumboy on Jan 30, 2021 6:29am
AMC copy-paste
PLS READ AND SHARE SO EVERYONE UNDERSTANDS THE NEXT PHASE:
To break this down for everyone who is worried or wants to know what to expect in the coming week:
AMC current status (30JAN2021) :
AMC has 44.6 million shorted shares and a grand total of 52 million shares. That means 86% of shares are shorted (by hedge funds) and 14% are being longed (all of us)
Now what everyone is waiting for is when shorted shares expire and they (hedge funds) have to cover what they bet on. Keep in mind not EVERY share will expire on Monday. So we MUST hold beyond that.
Today’s target (1/29) was to beat $8.63 (what hedge funds were betting it would be come Monday) and we did that closing at $13.29! AWESOME. This short will expire in 0.5 trading days (Monday)
So Monday when they’re forced to cover ($8.63) they will have to buy it at its current price to cover their bet. Raising the price up even higher.
But this isn’t even the best part. All of their other shorts are SIGNIFICANTLY lower. There are 9 different short stocks between $1.98-$5.96. Some of those shorts are 1.9 days away (Tue) 2.5 days (wed) 3.2 days (Thur) so the longer you hold, the higher the price gets and the more they have to cover.
Over the next few trading days it is going to be a vIolent squeeze. We are at the starting line of what GME did. Hold your ground. Gains Monday are inevitable. But the gains on Tuesday-Thursday will be much higher.
Short squeezes are historic: and to give you an example Volkswagen had a 46% short at $6 share price which squeezed to $110 a share back in 2008. AMC is at 84% short at $13 The percentage is significantly higher and there’s a lot more room to grow. On the high end we’re talking the possibility of hitting $150-200 a share if everyone is smart and holding until Thursday
My recommendation:
1. HOLD
2. Buy more on Monday if you can afford it because it’s going to violently rise
3. Enjoy the ride until AT LEAST Thursday evening when all the shorts expire and the price is at it’s highest.
I am not a financial advisor nor a registered stock broker. I simply have done my DD (Due diligence) and reflecting on passed events. Every stock has risk but it’s all about risk mitigation. This is a once in a lifetime opportunity so be mindful what you’re dealing with. If you have any questions I will try my best to answer them.
Happy trading, GREAT job today everyone. And don’t forget to share this or copy and paste it along other post to spread the word! I’ll see you on the moon
Comment by
CGCFAN on Jan 30, 2021 9:16pm
BB, awesome info and thank you on behalf of the 900 ppl who read this post where would one find the short interest info and expiry dates which you had provided thanks and here's to hoping we see major green next week