Prediction: AMC may have a huge run-up to around $150 before the 8th. This will be bait to sell your shares before the reverse split vote, which is ENGINEERED. Your shares won't be counted in the vote if you sell them after the 8th. Something tells me Adam Aaron knew this which is why he sold shares super cheap to Antara to help him secure the vote.
On other stocks like GME and others that are naked shorted, this may also be a final trick to get you to sell before the hedgies get massively margin called, and doing so would kill the squeeze.
Be zen. Don't sell, buy and hold.
Not financial advice.
Thank you fren!
I like predictions about the meme stocks, they help me understand the situation better. I'm now going to pay extra attention this week.
In your opinion, what would this mean for GME holders?
More or less the same, but not influenced by a coming stock vote (at least one I'm not aware of for GME).
Curious, what are you basing this prediction on?
The fact that stocks only held before or on the 8th will be counted for the reverse split vote. And AMC broke out of a massive falling wedge pattern, if you care about TA.
If memory serves right the great depression also had a massive run up before it all crashed.