Recap for this week - Bullish all over the place
- Strong bottom support confirmed at $28 - $30
- Synthetic shares are partially confirmed to be in the 1 to 4 billion range, they have to be bought back and burned eventually due to not being legally existing.
- 100 million short shares are still on loan and not yet covered.
- Dark pool % has consistently fallen from 70% to 55.70% for today. Switching to a non-PFOF broker is starting to have an effect on this.
- Synthetic shares are partially confirmed to be in the 1 to 4 billion range, they have to be bought back and burned eventually due to not being legally existing.
- 100 million short shares are still on loan and not yet covered.
- Dark pool % has consistently fallen from 70% to 55.70% for today. Switching to a non-PFOF broker is starting to have an effect on this.
- More and more institutions, including the famous RenTech fund (#1 most successful hedge fund in the world), are buying more AMC shares and going long.
- Phase 5 of Uncleared Margin Rules (UMR) for OTC derivatives goes into effect on Sept 1, increasing margin requirements from 1x to 25x! This will result in a drastic increase in margin calls.
- A perpetual gamma squeeze will kick in once more and more call options become ITM (in the money). A gamma squeeze will lead to a short squeeze due to short sellers panicking and covering, and FOMO.
So apes, if you are still wondering whether the time is right to buy more and HODL, what are you waiting for? Sentiment is already shifting to the bullish side and we are winning this war of attrition!
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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