How can you sell if all systems are down.
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Amc? That was a distraction
No. They are connected.
GME is a better company, and is almost certainly the main attraction, but there is no doubt the math says that AMC (and others) are sold short multiple times their float. It will also almost certainly squeeze to high heaven.
Just no where near as high as GME.
Do they use AMC to get people to sell their GME?
I don't know, maybe. While its a good play for them, the problem with that theory is that no one who really understands the GME situation is going to sell their shares for anything. The people who might sell their shares are not the people the short sellers need to worry about.
Still, it might be that way. They are desperate, and will likely try anything, even if it isn't likely to work.
AMC is the honey pot.
GME is the squeeze.
They will both squeeze. I don't really follow it, but the short interest in AMC is likely in the billions (with less than 500M total shares). Just because they will both squeeze doesn't mean they aren't using AMC to get GME holders to sell.
More people see how valuable GME is regardless of the squeeze. AMC does not have that. GME is possibly an infinity squeeze. AMC probably will not be.
I really don't know the true potential of AMC though. I don't follow it that much, even though I have a handful of shares. I sold a few the other day when it went high and bought a couple extra GME. As far as I'm concerned, AMC is the GME pot.
I could put infinity dollars to good use! For starters, this site and all of its members would get a cool $1,000,000,000. Make that $1,000,000,000,000 since I am feeling generous today. I'd also donate another trillion to Trump ... make that two trillion ... let's see ... I'd still have infinity left, so I have a lot of decisions to make ...
Keep trying to convince yourself of that...