Thing is, I don't see AMC doing what GME did, at all.
They telegraphed the move too loudly and proudly. Nobody to squeeze, they let the shorts cover.
In a nutshell, yes. retail investors decided to fuck over the hedge, who were trying to make billions off of the failing GME by shorting.
AMC is more of an audible called after seeing their success in forcing the squeeze and crushing MELVIN…and I don't believe it will have anywhere near the success.
GME caught people off-guard.
AMC has been announced very loudly(Tesla tweeting about it being next, etc).
No way, imo, the difficulties we were seeing earlier across trading platforms wasn't related to allowing the majors to cover their positions while keeping retail out.
AMC will push up, from sheer force of retail, but the squeeze will not happen as it did with GME, unless there are some unbelievably stupid rich folk holding out for no reason whatsoever.
I'm waiting for the news that the company execs have sold their shares and cashed in on the half billion or so they've earned in this ruckus.
Could see majority shares shift?
I wish CBDD was the target for the next great pump, kek.
I'd make a lot of monies.
Hopefully something they don't announce god damn everywhere.
If they don't spring it on them all at once, like with GME, it won't work.