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Forum nameGeneral Discussion
Topic subjectTwo words: naked shorts.
Topic URLhttp://board.okayplayer.com/okp.php?az=show_topic&forum=4&topic_id=13421760&mesg_id=13434737
13434737, Two words: naked shorts.
Posted by Mr. ManC, Tue Jun-08-21 08:40 AM
The float of AMC may have been synthetically shorted 7-25X the public float. Back in March AMC Retail investors owned 80% of the float, BEFORE it took off. And short sellers still hadn't covered at that point. Now? We may own the float 2x over, and anyone made to buy back their short sells to cover will be buying the shares from US. Since we hold and set the price it will drive the price up. That is the whole point of the $100k/$500K floors. If the demand surges and we hold the supply then we can dictate that parabolic ripping. In the meantime the company has only gotten better fundamentally so they are bleeding billions weekly trying to hold their positions. Personally I would love to see $5000 a share before I even make a move on my OPTIONS, but for my actual shares? 5 figures minimum.