$AMC Entertainment (AMC.US)$ AA isnt slick he sold shares ...
AA isnt slick he sold shares to short at a discount then comes out with this bogus news for shorts to sell there position at a much higher price from what they originally got in at
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Nightwolf-moon : Ahhhhhhhhh don’t understand what you saying ma friend
Trucking Ape : Selling shorts at higher price
Means that they lost more money
Shorting is a bet the price drops
They hope to zero
And AMC goes bankrupt
They never have to cover buy shares to close there trade
Stock_Drift Trucking Ape : Exactly!!!