AMC, WE CAN DO IT APES!!!!
Hello Guys, I would like to introduce to you my idea about the future of AMC. I am a holder of 15000 shares already after the first squeeze from 5.50$ and I am long till a minimum of 100$ as I stated on my first IDEA for AMC.
As far as I can see we have a lot of new APES, who are scared of the red days in the past weeks, but as an Elliott wave trader, I can see an opportunity to jump in, I think we almost reached the bottom. After carefully checked the Fibonacci lvls you can see that we almost finish the FLAT pattern for the second wave of the BIG ELLIOT. The question is when we will start the BIG Gamma Squeeze or the 3rd BIG Wave, maybe it will be next week or in August ?!?, who knows. But in my opinion, the BIGsqueeze will be the 3rd wave of the daily Elliot. till 130$ - 150$ range, It all depends to us how long we will keep our Dimond hand. As of the latest information leaked everywhere, we are all aware that this is a Massive manipulation.
This will bounce, they just trying to get every last share they can from the weak hands.
Don’t fall for it and Hold! Don’t forget to buy more though also while the shares are on sale but never sell them a single share until…well you know the plan, hasn’t changed!
A short comment on #AMC. Short's managed to get AMC off the NYSE Threshold list last Friday, not clear exactly how this was done but looks like exposure converted from Fails to Deliver (#FTD) to outright naked shorts and then packaged into the #IWM ETF. I'm really not going to waste more brainpower on this. Citadel is a market marker and between them and their "friend" #Virtu control 80% of retail orders. They can more or less dictate price on slow volume days. Allegations of buy orders being delayed as much as 35 days through Citadels data flow. How likely is that? Hard to verify baring an audit, but dark pool trading indeed accounted for over 65% of volume for the last 5 trading days and over 50% over the last month.
Meanwhile, retail orders continue to be overwhelmingly buy-oriented. The only selling is coming from shorts using the dark pools to mute buying pressure. The short-ladder attacks from last week seem to shift to a numb-inducing slow drip lower.
The degree of overt manipulation is mind-blowing.
I am told #Citadel employs a team of psych Ph.D.'s to design price moves designed to drive retail interest away. The media attacks are clearly not working so the recent price campaign has escalated, driving it from $59 to $39 last week, a brief surge back to $49, and today's slow drip from $46.50 to $42.50 at the close.
I really think Citadel needs to fire their psych experts. Most retail is holding and bought large amounts in March. Many likely did sell a small amount in June like I did, to cover their initial investment. For example, I was long at $9.60 and sold at $53.40, enough to cover my buy-in and show a decent realized gain. My remaining position is a free rider. The price could go down to $12 and many holders would still be in the money. There were 3.2 million retail holders in March, there are likely 5 million now, there has been no dilution so how are new buyers finding shares without the price rising considerably?
The longer Citadel delays this, the more the final bill will grow. The #DTCC has put most of their amendments into effect, so one wonders just how much free reign the #SEC will give Citadel and the 22 other shorts before strongly-worded suggestions become more forcibly made directions. I thought in March the situation was a danger to financial stability. At this point, I give up worrying about it as it appears officials in Washington have no clue the damage being done. If nothing else, the failure of officials to reign in Citadel all the while the stock is under a huge media spotlight will undermine confidence in the fairness of the market for retail participants. Which in turn will reduce retail activity and hurt longer-term profitability for Citadel.
Just HOLD Guys, we can make it <3
As far as I can see we have a lot of new APES, who are scared of the red days in the past weeks, but as an Elliott wave trader, I can see an opportunity to jump in, I think we almost reached the bottom. After carefully checked the Fibonacci lvls you can see that we almost finish the FLAT pattern for the second wave of the BIG ELLIOT. The question is when we will start the BIG Gamma Squeeze or the 3rd BIG Wave, maybe it will be next week or in August ?!?, who knows. But in my opinion, the BIGsqueeze will be the 3rd wave of the daily Elliot. till 130$ - 150$ range, It all depends to us how long we will keep our Dimond hand. As of the latest information leaked everywhere, we are all aware that this is a Massive manipulation.
This will bounce, they just trying to get every last share they can from the weak hands.
Don’t fall for it and Hold! Don’t forget to buy more though also while the shares are on sale but never sell them a single share until…well you know the plan, hasn’t changed!
A short comment on #AMC. Short's managed to get AMC off the NYSE Threshold list last Friday, not clear exactly how this was done but looks like exposure converted from Fails to Deliver (#FTD) to outright naked shorts and then packaged into the #IWM ETF. I'm really not going to waste more brainpower on this. Citadel is a market marker and between them and their "friend" #Virtu control 80% of retail orders. They can more or less dictate price on slow volume days. Allegations of buy orders being delayed as much as 35 days through Citadels data flow. How likely is that? Hard to verify baring an audit, but dark pool trading indeed accounted for over 65% of volume for the last 5 trading days and over 50% over the last month.
Meanwhile, retail orders continue to be overwhelmingly buy-oriented. The only selling is coming from shorts using the dark pools to mute buying pressure. The short-ladder attacks from last week seem to shift to a numb-inducing slow drip lower.
The degree of overt manipulation is mind-blowing.
I am told #Citadel employs a team of psych Ph.D.'s to design price moves designed to drive retail interest away. The media attacks are clearly not working so the recent price campaign has escalated, driving it from $59 to $39 last week, a brief surge back to $49, and today's slow drip from $46.50 to $42.50 at the close.
I really think Citadel needs to fire their psych experts. Most retail is holding and bought large amounts in March. Many likely did sell a small amount in June like I did, to cover their initial investment. For example, I was long at $9.60 and sold at $53.40, enough to cover my buy-in and show a decent realized gain. My remaining position is a free rider. The price could go down to $12 and many holders would still be in the money. There were 3.2 million retail holders in March, there are likely 5 million now, there has been no dilution so how are new buyers finding shares without the price rising considerably?
The longer Citadel delays this, the more the final bill will grow. The #DTCC has put most of their amendments into effect, so one wonders just how much free reign the #SEC will give Citadel and the 22 other shorts before strongly-worded suggestions become more forcibly made directions. I thought in March the situation was a danger to financial stability. At this point, I give up worrying about it as it appears officials in Washington have no clue the damage being done. If nothing else, the failure of officials to reign in Citadel all the while the stock is under a huge media spotlight will undermine confidence in the fairness of the market for retail participants. Which in turn will reduce retail activity and hurt longer-term profitability for Citadel.
Just HOLD Guys, we can make it <3
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