AMC Tarded Analysis.
AMC to breakout to $22.5+ or trade sideways into $13.5. Fundamentals don't matter here, this stock is controlled by the longs with only a little bit of resistance by the shorts.
-Wallstreetbets apes are holding since January and even more apes have bought into this "GME" for poor people play looking for a GME type of squeeze. The OG GME/AMC gang remembers this and it's not ogre until it's ogre.
-AMC is still partially under attack by the shorts but with limited capacity at this point, they're running out of ammo and have gone into conservation mode since the longs overwhelmed them for the past 30+ days.
-Wallstreetbets apes are holding AMC with only a few day traders buying the lows and selling the highs. This stock is locked in and primed at an ABSOLUTE minimum of $8 per piece.
AMC is re-opening yada yada, etc etc, earnings are on the 10'th, will likely be shit, but it doesn't matter because this isn't a battle of fundamentals. It's a battle for a Gamma Squeeze into a Short Squeeze.
Next possible dates for Gamma/Short Squeezes are 10th of March (Earnings Catalysts), 19'th of March (Quadruple Witching Day), 26'th of March (End of Month Reports for Hedge Funds & Institutions, almost always a green dildo spike day). If big catalysts come out like stock splits or dividends or both, it will be +1-2 months till the effect is seen. Best get in the rocket from now, grab your contracts and grab your shares, it's a double whammy.
I've yolod 16k on March 19 contracts and plan to yolo a few more for 26'th March ones too that are close to ITM but not quite.
AMC to breakout to $22.5+ or trade sideways into $13.5. Fundamentals don't matter here, this stock is controlled by the longs with only a little bit of resistance by the shorts.
-Wallstreetbets apes are holding since January and even more apes have bought into this "GME" for poor people play looking for a GME type of squeeze. The OG GME/AMC gang remembers this and it's not ogre until it's ogre.
-AMC is still partially under attack by the shorts but with limited capacity at this point, they're running out of ammo and have gone into conservation mode since the longs overwhelmed them for the past 30+ days.
-Wallstreetbets apes are holding AMC with only a few day traders buying the lows and selling the highs. This stock is locked in and primed at an ABSOLUTE minimum of $8 per piece.
AMC is re-opening yada yada, etc etc, earnings are on the 10'th, will likely be shit, but it doesn't matter because this isn't a battle of fundamentals. It's a battle for a Gamma Squeeze into a Short Squeeze.
Next possible dates for Gamma/Short Squeezes are 10th of March (Earnings Catalysts), 19'th of March (Quadruple Witching Day), 26'th of March (End of Month Reports for Hedge Funds & Institutions, almost always a green dildo spike day). If big catalysts come out like stock splits or dividends or both, it will be +1-2 months till the effect is seen. Best get in the rocket from now, grab your contracts and grab your shares, it's a double whammy.
I've yolod 16k on March 19 contracts and plan to yolo a few more for 26'th March ones too that are close to ITM but not quite.