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STD0313
joined discussion · Mar 6, 2021 10:59
@ Anyone who could help
a newer investor some in sight. I hate reposting some of this stuff. I just wouldn't even know where to begin to fact check any of it.....but I did find it intriguing. Um sorry posted the start at the bottom.
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Mcsnacks H Tupack : They are getting a little to paranoid. If a hedge fund is naked shorting it’s almost impossible to prove for one thing. When the SEC started allowing options shorts to go long on their puts and calls it made it so naked shorting was too hard to prove. Their would have to be a share recall by the company and they would have to count them to get a total. This process is very expensive and means they would be suspended from Wall Street a week to do this. AMC has 432million shares issued. Compare that to GameStop who has 65million is a big difference in having one squeeze. And if the company really was concerned about naked shorting they would be doing something about it. The only time naked shorting is found is after a company has gone bankrupt and is out of business.
FirstStrike Veteran : @STD0313 Does this answer your question? Please let me know.
STD0313 OP : not really, but I know how cheap AMC calls will be Monday........why not pick up a few with a March 19th exp.
Mcsnacks H Tupack STD0313 OP : The quadruple witching is when theres excessive volume and price volatility. But AMC fixed it so that on March 19, they Are allowed to issue up to 50million shares so there won’t be a squeeze.
STD0313 OP : But please...I am also on year one of trading and really taking hard to the lesson set by Mr.Buffet, That one about money from the impatient to the patient.....but with pain comes growth and knowledge if you are wise enough to look at it that way. So please no one think I know much more then an average knuckle head on a phone trading app....so take it for what it's worth