SEC Report - AMC was never in the same League as GME, it was a distraction
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Link to the SEC report from Gary Gensler's team
https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf
GME exceeeded the float all the way back in January (god only knows how over shorted it is now) while AMC only hit 11% in January. Maybe it's higher now, but no way high enough to make a short squeeze possible.
Anyone still holding AMC really need to switch it out
The report also makes it clear that data from January is not consitent with shorts closing, or a gamma squeeze - the price spike was entirely from natural buy pressure. This confirms what we already knew from our own independant research - the shorts never closed and that the play is still on.
That's two shares of GME that will squeeze vs 10 shares that won't
Since you're ~97% GME, you aren't as pro AMC as you assert to be.
My post clealry doesn't apply to you.
How can you be so wrong?? And it doesn't matter how much AMC you own if short positions are non existant (ie AMC). Gamestop is over shorted, AMC wasn't. AMC still isn't.
I posted the data. 11% SI in January. There's nothing to squeeze.
Coke rat Kramer was pushing AMC. The same a-hole who told people to buy bears stearns,before the crash in 08.
Only because the other 80% was collectively owned by two competing interests both quietly trying to buy up controlling interest in VW who both refused to sell, meaning the actual flaot was closer to 20%, creating the 100% SI that created the squeeze. No such factors are at play with AMC
Wrong.
I’m up nearly 300% so far with amc. Doing just fine. I’m also in gme.
But to say amc is not a play is wrong.
You have no idea what the play is if you think being up is an indication of the value of your play. Do you even know what a short squeeze is??
Elaborate
Retail gme far exceeds the float. We are not spreading fud,we just don't want you guys to miss the real rocket.
Buy some GME to hedge your bet,lots of gme hodlers own amc,hoping it pops first and they can buy more gme.
They will not 'both' pop.
Only GME has entrenched short positions under water. AMC with 11% SI in January means there isn't anything TO pop.
The report is not 10 months old, it was just released.
What is shows is that AMC was never a play - There was no short interest to squeeze then, and none now. Locking up the float is irrelevant if no one is fucking short. Particularly if no one was short at low prices putting them deep under water.
It shows AMC was never overshorted so wasn't a credible play. It doesn't matter how much AMC you bought sinve then, you can't force people to take out short positions back at $5 putting them deep under water as is the case with GME.