*manipulated bearish indicator*.... today will be the salient test of where it is really going, volume increasing, I think it will rise to all time highs with help from the cascade of short stops.
Buy low sell high... the media portraying AMC to be a doomed stock. Only because the funds that pay their holidays and bonuses have a vested interest in bleeding companies like this to 0...
This is not a recession like we have ever seen. This is unprecedented times, and unprecedented things will occur. One of those things that I believe will happen once restrictions are lifted, is a retail renaissance. What is left of the high street will get a massive boost from an influx of people tired of streaming movies on their TVs and getting takeaways delivered to their lonely homes.
The entertainment industry is the one thing we need to hold on tightly too. If we lose these cornerstones of our culture then we lose an invaluable stage of human expression.
This is more than money. This is the world you want your kids to grown up in. I don’t want to live in a world where a minority of people profit from the misery and bad fortune of others. We are here to share this world in earnest and trust. Not to take everything we can before we die to end up the richest man/woman in the cemetery.
What needs to be understood is who is trading the stock and in what direction. The majority of the short sellers are hedge funds and large “whales” of the market, throwing millions into ensuring the stock gets reduced to ashes. These players have full access to the market at pre and post market. Most of the long positions are coming from retail investors. The majority of which do not have access to the pre and post market to trade in volume. Look at the price movement. Most of it occurs pre and post. With huge short positions driving down the cost just before market open ensuring that they can reduce buyer sentiment and have a lower price point to buy back their substantial short positions.
What is becoming apparent is that not all of these short sellers are out, some have increased their positions. They want the retail investor to think the stock is dead and the ‘short squeeze’ promised is over. It’s a fallacy.
Silver lake sold 44.4 million of their stake of the company at the high on the 27th. Taking advantage of the initial squeeze. Note - INITIAL SQUEEZE. This is huge, and contributed to the big reversal at pre market on the 27th. Almost all retail investor platforms then experienced mysterious system outages dropping the price at open to artificial levels, the stock rebounded the same day in the open market where retail investors finally had access. Then post market, bears in control with more access to the market. Spike pre-market, then another mysterious system outage on most platforms at open, causing this time a catastrophic drop, again artificially and unfairly so. Auto closing a lot of long positions. It will rise again.
It aint bearish. Not in the slightest. It has broken from a significant ascending wedge, but has kept well above the initial breakout zone. Still a bullish trend. Prove me wrong using only emoji's ;)