$AMC Entertainment (AMC.US)$ Remember the price doesn't matt...
$AMC Entertainment (AMC.US)$ Remember the price doesn't matter that much....as long as they keep shorting short interest and utilization go up and they have more and more to cover...the hole gets deeper....quit with all the poor us the price dropped...every short must be covered and you don't lose anything if you don't sell
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BuddyAPE : they can dont cover back right
redevil88 : They short and earn on options side. They buy back again and gain on options side. so It will be swinging btw 30s to 50s
我问天 : the utilization did come down below 90% rate. mean you had mess with the figure which was more than 90%
我问天 : means they did cover
jimjimljm : yes. they don't have to cover as long they can manage the interest and the price difference. they sell 1 share at $40, they receive the $40. technically 1 to 2% interest is nothing.
GOOBERHAG 我问天 : They did not cover, utilization went up lol
我问天 : no wonder they can keep on shorting
我问天 : means Gary need to be sacked in order to fully enforce on FTD. Else will keep on allowing hedgies to short ! SACK GARY !!!!!
GOOBERHAG jimjimljm : Shorting hedge funds have lost 4.8 billion this year on AMC. This is not nothing and will only get worse for them.
jimjimljm GOOBERHAG : for normal investor, as long you hold, it is only paper loss, to them as long they don't cover, it's only paper loss + a tiny bit of interest that is even lower than my car loan.