A short attack was executed today
Made some calls
$AMC Entertainment(AMC.US$ First information is widely distributed to make investors wonder about the company and to put fear into those longs that hold the stock. Next, high volume shorting takes place to drive the company's share price down.As the short attack continues, more people parade out news to continue to put questions in the back of investors' minds. On a daily basis, shorts use computerized trading to control the direction of the share price. At opportune times, the shorts overwhelm the buyers (bid price) of the stock by selling short large number of shares to drive the share price down and to eliminate the buyers for the stock at that given time.Shorts need to control the stock's share price over a long time (often several months to well over a year), and can't afford to just accumulate an unlimited number of short positions in the stock, so they have to be buying shares at the same time they are selling shares too. When the shorts drive the share price down, eliminating buyers as discussed above, some of those investors trying to sell their shares at that same time will follow the share price activity downward lowering their ask price. Now the shorts can buy back some of the shares they have shorted at lower prices including some shares where longs have put stop-loss sale orders to protect against downside losses. The shorts will only buy shares part of the way back up as the share price rises, and then wait to see if new buyers come into the market. If the share price continues to rise up to much again during the day, the shorts will repeat the same selling and buying process to control the share price.As mentioned above, the shorts need to control the share price over an extended period of time. They need to wear down the longs with rumor mongering as well as by creating fear as the longs continue to see the share price go down from the computerized trading. They hope the longs will give up and sell their shares at the lowest possible share price.Another observation, shorts try to wear down the longs by making sure that the share price closes down as many days in a row as they can put together. At the close of each day, I have witnessed volume dramatically increasing as the shorts tried to insure price crash. As with all false short attacks, the share price will bounce back. After the share price bottom is reached, I expect the shorts to continue their rumor mongering so they can continue buying to cover their shorts as the share price rises back up.
$AMC Entertainment(AMC.US$ First information is widely distributed to make investors wonder about the company and to put fear into those longs that hold the stock. Next, high volume shorting takes place to drive the company's share price down.As the short attack continues, more people parade out news to continue to put questions in the back of investors' minds. On a daily basis, shorts use computerized trading to control the direction of the share price. At opportune times, the shorts overwhelm the buyers (bid price) of the stock by selling short large number of shares to drive the share price down and to eliminate the buyers for the stock at that given time.Shorts need to control the stock's share price over a long time (often several months to well over a year), and can't afford to just accumulate an unlimited number of short positions in the stock, so they have to be buying shares at the same time they are selling shares too. When the shorts drive the share price down, eliminating buyers as discussed above, some of those investors trying to sell their shares at that same time will follow the share price activity downward lowering their ask price. Now the shorts can buy back some of the shares they have shorted at lower prices including some shares where longs have put stop-loss sale orders to protect against downside losses. The shorts will only buy shares part of the way back up as the share price rises, and then wait to see if new buyers come into the market. If the share price continues to rise up to much again during the day, the shorts will repeat the same selling and buying process to control the share price.As mentioned above, the shorts need to control the share price over an extended period of time. They need to wear down the longs with rumor mongering as well as by creating fear as the longs continue to see the share price go down from the computerized trading. They hope the longs will give up and sell their shares at the lowest possible share price.Another observation, shorts try to wear down the longs by making sure that the share price closes down as many days in a row as they can put together. At the close of each day, I have witnessed volume dramatically increasing as the shorts tried to insure price crash. As with all false short attacks, the share price will bounce back. After the share price bottom is reached, I expect the shorts to continue their rumor mongering so they can continue buying to cover their shorts as the share price rises back up.
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Mcsnacks H Tupack OP : This is why they are pieces of garbage. It’s not illegal but should be.
Mcsnacks H Tupack OP : You can spot these attacks when the avg share price is way off from actual price. Avg. price today was 7.65 but the stock was at 6.95.
Mcsnacks H Tupack OP : They just buy and sell each other stock shares under bidding the other by just a penny. And they do it millions of times.
ryan mercer : I dont think there is any question this is happening. considering what is on the line. imagine the desperation these guys have to win this fight and what they have to lose. number one them losing means the whole world watchs and realizes these guys ain't the invincible bully everyone thought they where. no it would show that they are a wounded duck and anybody with a phone and a few hundred bucks can get it and take them down. they can't have that because if they let it happen once specially when everyone is watching it will happen again and again till they are no more. this desperation will lead them to go to extremes to protect themselves and their way of life as they know it
Mcsnacks H Tupack OP ryan mercer : Man I’m so pissed. And they let this continue to be legal.
Mcsnacks H Tupack OP ryan mercer : Do you remember seeing the people posting to hold their shares until Thursday? That was them.
Mcsnacks H Tupack OP : And tomorrow is when they get paid for their option contracts
Cicelyqed Mcsnacks H Tupack OP : So... we're holding until tomorrow, right?
Mcsnacks H Tupack OP Cicelyqed : Yea it’s going up unless people sell because that’s what they are trying to do. They executed there plan at close on Monday. Only time it can work. But it was going back up too soon so they did it today again. But I don’t know where they got the shares from to do it. Unless they let them naked short It. Like GameStop
user7899 Mcsnacks H Tupack OP : This is fucked, what’s gonna happen to AMC price now over the next few weeks? They can’t short anymore tomorrow, right?
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