$AMC Entertainment (AMC.US)$ The shorts have finally ran out...
$AMC Entertainment (AMC.US)$ The shorts have finally ran out of road. There has only been 1 day where the selling has been more than the buying and that was last thursday. But you wouldnt know that watching the price get tanked by the short selling.
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Mcsnacks H Tupack OP : PT 48.75. Sell is at 48.73
刘四斤 Jin : It’s so weird that koss, amc, gme have the same trend. I think somebody is taking control. I think when their trends are different, price are out of shorts control
Mcsnacks H Tupack OP : They just control how it’s perceived. If you read the charts yourself you can see what is really happening to the price. The worst conception is people think when the price is going down people are selling. That’s part of it but it’s mostly people are buying but trying to sell at a lower price. And that’s not shown in the price until there aren’t enough shares available to sell at that lower price. Simplest way I can explain it
Entropy2020 Mcsnacks H Tupack OP : What does PT mean?
刘四斤 Jin Mcsnacks H Tupack OP : Thank you for explanation
Mcsnacks H Tupack OP : Price target. Rsi will hit 100 signaling all shares are purchased. Then it’s buy when someone sells. Which causes a stall. Which causes panic selling. Which causes it to fall as fast as it went up until the buying is more than the selling which might not happen until it falls to 18.00. But it may go back up, but it will take it longer, but it can then go higher than 48.75, but then it may not.
Mcsnacks H Tupack OP Mcsnacks H Tupack OP : It’s however long you want to risk it. I’m good at 48.73. That’s 8 times my invest and will be enough for me to buy another house in full.
Mcsnacks H Tupack OP 刘四斤 Jin : You very welcome
Entropy2020 Mcsnacks H Tupack OP : Are you saying that AMC might have a change to reach 48 in these days?
71253255 Entropy2020 : Price target
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