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Billions of shares sold short, market manipulation, and CitadelOver the past few months, the AMC/APE craze has been underway, with plenty of retail investors spamming various social networks and prompting others to buy the company’s shares. As per the information in tweets, memes, and messages, this retail investors’ uprising aimed to bring down hedge funds, with the central target being Citadel. There were numerous instances during this time when people claimed the price of shares would burst into multiples if all investors stuck together and continued buying collectively, not allowing hedge funds to buy shares and close their short position (leading to their downfall). In fact, during this period, we encountered numerous statements about billions of shares being sold short. Meanwhile, only about 513 million shares were outstanding for AMC and 519 million for APE in the third quarter of 2022. At the same time, the short interest on AMC shares amounted to approximately 20%, with 101 million shares being sold short; and only 33.5 million shares of APE being sold short. These figures obviously deviate too far from what the retail narrative promotes. Furthermore, many people promoting this narrative and encouraging others to buy shares do not seem to realize what they are doing might be potentially criminal and classified as market manipulation. Furthermore, a lot of information concerning the whole craze is entirely wrong. Many people seem confused about “wrapped-AMC token” with over 8 000 000 000 000 000 in supply being related to the AMC company. However, anyone can create a token and name it “AMC token,” regardless of whether it is associated with the company. As for Citadel, we have failed to find any disclosure of their short position on AMC/APE during the respected period. In our series of tweets last month, we warned that the regulator has most likely learned a lesson from 2021 and would step in and halt trading if buying activity picked up significantly. Shortly after that, that is what occurred when the regulator poured cold water on the rally with a temporary halt to trading. Year to date, shares of AMC are down approximately 70%, which is far away from what was promised by those shouting “buy and hold.” Therefore, this whole situation should serve as a reminder of being cautious about what you see and listen to. Always do your due diligence. Illustration 1.01 In the 2021 meme stock hysteria, shares of AMC jumped up as high as 44.61$. Please feel free to express your ideas and thoughts in the comment section. Additionally, if you have more information on this topic, feel welcome to share it with us. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NYSE:AMC
by Tradersweekly
33
AMC - Wild Child within Compressing Micros, Larger Range Friday's Price action was immaterial. Call chasers were rewarded off the 39s. The winners there took $10 - the "winners" were the same Funds of Size gaming the theaters. Apes who took their gains were in large Profit. Late chasers the follow-ons... who bought 50s, 45s... were smoked. The Jungle has a few days to close out the 48 and then 52 level. Memes abound, BTC acceptance... the entire Float churn... Triple digits.... Dangerous Herd behavior imho, set SELLs at levels, wait an see. A bankrupt Company traded through an insolvent Micro-Broker should end in an extreme decline in the near future. AMC has traded, consistently traded, inverse to the NQ. How much longer until this fails... anyone's WAG. Apes are growing in constitution in the belief/faith/hopes of a triple digit price level on MOASS. We shall see... we'll take the MoreASS opposing trade at the levels indicated - 48 - 52 Sells with the stop @ 57.12. Gamers return with more Call buying this week, how hard the Jungle can move it depends on the reaction @ 41.96. We'd like to see the Apes take their win, the issue is 95% always lose on these types of moves. Small investors getting damaged removes Liquidity... not something we ever want to have happen. It will again. -HK
NYSE:AMC
by HK_L61
6
A thought on CCTL The trend that I identified in my last CCTL post has since discontinued and has invalidated the idea. This is just an update on where we are now. I am big on fundamentals so you will notice that I'm going long on this idea. This is just me though, so trade accordingly and keep your own goals and strategies in mind with any investments. I am NOT a financial advisor and this is NOT financial advice. As we can see we have started to see a healthy correction in the price after out big upswing ( this isn't bad ). We have a clear trend line up but today is the day where we will find out if we go up, consolidate or drop down to our support. I have mapped out the resistance line in red, the trend line we hope to hold in white and we have multiple MA lines in various colors. RSI is on the bottom and it could be lower so we'll see how this plays out. Please like, comment and follow! Thanks
OTC:CCTLLong
by WhiteJesus
2