$AMC Entertainment (AMC.US)$ AMC FACTS: Where did anybody sa...
$AMC Entertainment(AMC.US$ AMC FACTS: Where did anybody say this was going to the moon not only today.... but this morning at that? the market literally opened for the week and the hedge funds have most of the week to cover their positions that they were out of the money on from Friday. Here I will lay it out for your idiots.... They had until Friday to close below $8.63. They didn't do it. We closed at 13. Which means we won. The next part is now they have this week to cover those contracts. Which means they have to buy them until Friday at the latest. Some of those they have to buy by Wednesday. Apparently you guys dont understand how options contracts work. They closed out of the money on Friday now they have the next several days to fulfill their contracts and going to repurchase their shares to return to their lender. Do you think they're going to purchase them all right now? Obv. not...That guarantees them a loss. They're going to try everything they can to push the price down between now and that time they have to repay. In the meantime the clock is ticking. The longer we can keep the price trading sideways the more they get squeezed at the end of the week and price starts going up as they inevitably have to start buying. They're just trying to buy themselves time. This was never going to the moon Monday. It was going to trade sideways as its a battle between US and THEM. The clock is ticking on them not us. All we have to do is keep it sideways for the next couple of days by buying and holding. NOT SELLING.
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pennypincher : I'm holding but as of now they are making money if they buy shares since it is below the 8.63 if I understand what your saying. is that correct?
eyebill pennypincher : Im pretty $8.63 was what the hedge funds needed to hit for their options to execute (which didnt) last friday. And now the hedge funds got this week to pull the cash to pay for their options. But since they are rich af and is controlling the market, they are driving the prices down hoping people will sell right now and therefore driving the stock down. Thus, people like us who are buying AMC because of the situation (aka newbies) would think the squeeze is not going to happen and them winning. And killing the hype. But if we are stubborn enough and hold for a long as time, the interest they have to pay for their debt accumulated last Friday will snowball and forced to buy our stock at wtv price we set (aka the Squeeze). This my first week in the stock market so please do let me know if i got it wrong. im so retarded i put a whole months salary in this LOL. Go big or go home baby!