On April 4th, around 1pm, a member on X detected a 5 million dollar order and posted it. The volume and the move also shows up on the chart within the 5 minute time frame. The price ticked down to 2.98 and a sell order was placed for 5 million dollars at 3.00, as soon as the order was placed, the price ticked back up to 3.00 and the entire 5 million was bought within seconds. This signals the bottom. This stock has been shorted by hedge funds, but according to Webull, it has the highest retail investor interest out of any stock in the market right now. Truthfully, apes got played on the way down and a lot of them are locked in up to 250$, so a $40 price target is very attainable, they will HODL and cause this to eventually moon, as long as the market continues to rise leading up to the elections. Short squeeze incoming.
Except $3 wasn't the bottom. Why do these fantasies continue on this stock? It's like these sites got stuck in the 2021 timewarp and never got out. Only people falling for these ideas are low income investors. 5 million dollar order? OK. Feel sorry for that person if true. Of course the slightest jump idiots will celebrate, buy, and then it will dump. Again.
raybae1996
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@ArtfulDodger1974 I manage over 100MM keep talking you broke little loser
Well boys, the 3$ and 3.5$ calls got bought for this week. The volume was near 0 the last 2 days for the 4,4.5 and 5$ calls. I'm one of the only few people holding contracts above 4$ for this week. I'm either losing a portion of my position this week, or this is going to break out today. Either way, that's the game.
LT1
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@eneakume, Best of luck bro. I doubt any movement until next week, and I wish you luck, but I doubt very much anything over 3$ calls are worth keeping.
thomasp713
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@LT1, Clearly all of those April 12th Calls expired OTM and worthless. Listen, I've been here too watching AMC calls have 3000+ volume on most strikes around the money. It seems every week 1000s of people are betting at any given time that it'll pop big. I do think it will happen, but I have been burned on trying the same YOLO method. Near close of April 12th I picked up several 2.5 and 3 strike calls for more than 2 and 3 weeks away. Buying same week calls on this is how the hedgies know what to do and how long to keep it down. Every week the volume and open interest is high, they make it look lifeless. Sorry for your loss, but I've donated some too to AMC, There was so much enthusiasm and hope near the 5$ range and it was wiped out. Now at half that value, there is a potential play to finally run a little above 3...possibly to 5 within the next 30-45 days. The chart looks criminal as fuck though. The bears and asshat shorts want you to believe its going to $1 or less. The more that pressure it, the more degenerates lose money on it, the more their FUD succeeds. I fucking hate watching this manipulation and wish short sellers to get wiped, like suicidal wiped. I want to see short sellers jumping in front of trains on this one.
Its worth noting though that your $40 target is PRIOR reverse split so the likelihood it hits $40 is slim to none. I'd retire early if it did, but that's why it won't because the world fcking hates me and never gives me the best profit trades.
LT1
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@thomasp713, Still thinking a short squeeze by June 24? Are you buying Jan calls?
Hopefully you made some profit with those $2.5 and $3 calls over the last couple of weeks.
yurii678
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Good arguments, APEs are gonna hold it to the moon! At least a 1000$ per share