Remember, we lost more than 40% last few weeks.
This is just the recovery stage. HFs just use legal shares of about 1.1 million to cover back. Still have 5.4million leftovers. So, can you imagine how much the price will go up when they return 110,000,000...........it's MIND BOGGLING!
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Kurrrrrrrrrr : Yes, agreed. Today’s chart look so systematic, like covering of shorts
Zerocool888 OP Kurrrrrrrrrr : It is! Just look at GME. It’s like carbon copy! They are just covering a very small portion.
Kurrrrrrrrrr Zerocool888 OP : The question is when the fallen hedges covering their shorts. They always like to hide their covering using some positive news, maybe the next quarter report?
Zerocool888 OP Kurrrrrrrrrr : They will always find ways to cover but it’s not enough. As you can see, Omicron has long forgotten. So they can’t use that as excuse to shoot AMC down. Cinemas is filled with audience. Economy is slowly but surely picking up. Unemployed have gone down. By the next quater, AMC would be reporting positive status on their earnings. It’s more of a positive outlook in the next few months. Even if there is another variant of COVID 19, no one gives a damn anymore. The world needs to move as we are 2 years behind.
Kurrrrrrrrrr Zerocool888 OP : True that things are in favour of AMC. It’s just that they have too much tricks, it will be a long battle. No worries, I will be still here.