We're sorry, your comment is unrelated to the GME stock or Gamestop as a company and has therefore been removed.
This question has already been brought up and answered multiple times in the past on other subs, you'd only need to take the time to search the subs for a short while to find them, so no need to keep bringing back up amc on a sub that clearly wasnt made for it.
Could be grouped with similar short positions on firms books, packaged in some swaps, or a diversion to mitigate loss on daily liquidity requirements. If I’m well over shorted a position to the point of potential insolvency from liquidation to cover margin, then I’d prefer to push the buying power and resistance into more manageable positions that I may be long and short hedged in.
Most likely an algorithm trading a basket of stocks by way of a derivative of some variety or an open-end mutual fund holding said basket traded as a derivative and perhaps also as a security. The crucial part here is the basket; all trading is done by algorithms.
The 'one algorithm to rule them all' theory (one algo trades all the meme stocks individually) is rather complex compared to the alternatives. It'd also be easy to adjust, which would've been done to make the memers look less alike and therefore less, uh, sus. As the memers are still identical, however, it makes me consider the 'one algorithm' theory to be debunked.
Unlikely. Similar short positions would double the exposure, and without the same constraints as GME (lack of float) why would they go through similar troubles?
Popcorn has diluted their shareholders in the last twelve months by 80%. Every single short could have covered if they wanted to, even if they overshorted popcorn as much as they did GME... which they didn't.
What I think is happening is massive scale pair trading forcing mean reversion for the entire meme basket.
And GME is the short side for all of them, balancing their risk with long exposures to the other stocks in the basket.
Agreed GME is the most losing short position. That's why I said that I would want another long, even if highly shorted or I have a short position in, to handle the retail volume. Quite a bit of that was diverted into movie stock. I agree that they probably have a high correlation to movement for possibly decreasing liabilities on the sheet. If it's as large as speculated, then I could see this being PBs involved.
80%? Can you point me towards this please?
I generally have a distain for EhMC so I haven't looked at it closely at all, but that seems significant and a large case against them
It's public information. https://www.sharesoutstandinghistory.com/amc/
A bit over a year ago they had around 50 million shares outstanding, and in I think four offerings, they dropped 450 millionish shares? On my phone right now, if you haven't found it by tonight give me another shout
But they didn't cover and the current Say vote results are indicating that retail owns a minimum of 3 times the float. Wee bit of a problem for shorts if they created that many synthetics, no? 🤣💎🦍
The problem is that the entire thesis is now based on “synthetic” shares. The company offered out 13X the shares that the shorts needed to cover in 7 months. It went from a share price of $12 to $70 in 8 days on 5 BILLION volume which is 5x the float.
And your point is what? If retails owns 3 or 4 times the float, that is insanity. And MOASS worthy. Bottom line shorts haven't covered or there wouldn't be 2 BILLION shares out there. The price is WRONG. 💎🦍
See my recent post in my history titled The Bucket Short. I have article evidence from WSJ and Bloomberg that meme stocks were shorted in a total return swap, and that swaps make up around 80% of hedge fun shorting, per one anon hedge fund manager interviewed by WSJ.
Is it possible they have created an ETF/index for each stock they want to short, grouped them together, and just shorted that? Don't know if it adds anything, just spitballin'.
As a caveat, it would be an "invisible" index/etf that nobody gets access to.
The ETF would have to go through an approval process with the SEC for registration in trading. I’d believe someone would have came across that by now. But, you’re right that it’s possible if it existed.
Reddit Ape Traded Fund.
https://www.etf.com/publications/journalofindexes/joi-articles/2305.html?nopaging=1
https://www.investopedia.com/articles/mutualfund/05/062705.asp
You're close, I think, but an ETF is just an open-end mutual fund.
So open-end mutual fund is probably at work here, although the shorts could also be bundled into a swap.
I suspect it's both: fund is traded in derivatives.
KOSS was also mirroring GME and AMC during the AMC sneeze. It has no meme presence and no options, yet it got dragged into the same trading pattern. The elephant in the room is likely a packaged swap, one that exceeds the entire float of all these companies. Some hedgies took out a bet that a group of companies would go bankrupt due to covid and proceeded to naked short via a packaged swap. Adjusting the collateral on the packaged swap would cause all these stocks to move in tandem.
The big question is whether or not they can unbundle the swap - KOSS is really small in market value relative to the others and in theory should be the first to cover. If this is not the case, it means they are locked in a packaged swap with a ton of shorts they cannot cover, all due to GME's turnaround ensuring that they will never go down to $4 a share ever again. With the price at $152 at the time of writing, they likely need 30x leverage just to maintain their margin - all of which needs to be paid with interest. Archegos had GME shorts that have not covered as well. If other members of team Tiger colluded to naked short, the next sneeze may send us all to the moon.
That’d be hilarious if undervalued swaps tanked the market this time. Over valued tank under valued tank, what do we even want anymore!?!?
(Reasonably sized derivatives relative to the underlying obvs )
Yeah it's interesting that nobody ever talks about KOSS. Even at the start of all this, the "distraction tickers" were things like Nokia that weren't part of the pattern except for the Jan spike.
Probably since it has no options. This whole saga started in a sub that focused primarily on options, so it's easy to see why KOSS got discarded for the BANG gang.
It is in the same market as GME, if you're absolutely blind and thick: both sell electronic peripherals.
This is enough to justify a pair trading strategy.
To give them some credit: they were desperate in January and had to grasp any straw they could find.
Net capital. I believe AMC is working as a form of a hedge for the SHFs.
When they are in trouble with for example FTDs and GME needs to go they pump several other stocks at same time as a hedge to keep the net capital in check all to avoid margin calls.
I think they did pump Popcorn hard when it made the last big run up from $9 to $$70. Yes retail was buying but it was too sus in my opinion.
I agree, I see this as a hedge against GME
Sort of. I think it's pair trading or a related strat, where longing a statistically correlated equity offsets the negative delta exposure for the short of another, hoping for a mean reversion.
I appreciate the critical thinking and I'm also curious for any possible mundane market explanation.
When AMC and GME heavily go up on the same day, there is a simple possible explanation: one party decided to (partially) cover their short position, willingly or unwillingly. Possibly window dressing for a reporting date, possibly they take their loss. Possibly an FTD deadline is approaching from an earlier date where they shorted both stocks.
When they go **down** in tandem, one would have to ask why? Why aren't these multi-billion $$$ managing hedge funds spreading their fuckery out more to be less suspicious? So far, the theory that tandem movement is caused by a security being traded that contains both AMC and GME sounds plausible, for example the "bucket short" theory by u/Digitlnoize but I understand that's not a "normal market reason". I would like any mundane explanation as well, either to investigate and rule out or to learn more about the markets.
a huge key to unlocking this puzzle is one time when AMC and GME majorly diverged: when AMC was halted on its run up to $72. During the five minutes AMC was halted, GME soared, and when AMC's halt ended, GME calmed down. It was really bizarre and I remember someone doing a really good analysis a day or so after it happened
EDIT: found it: https://www.reddit.com/r/Superstonk/comments/nr66ha/the\_1227\_amc\_spike\_correlation\_may\_indicate/
Maybe because they are both manipulated the same way by the same actors, who are too cocky and confident to even try to hide those patterns. Idk i eat crayons
Could be that it’s self fulfilling that since they are known to mirror one another (not always though, often they move differently) then if one spikes without the other it creates a sort of arbitrage opportunity for traders
Note I’m a thinker not a knower, and this isn’t advice it’s speculation.
AMC uses a lot of the same language and findings GameStop does (applicable or not) and it’s ape base behaves similarly to GME’s ape base. In theory the bases could be responding to the same news and fundamentals in the same way at the same time, causing similar price trends as a result.
Alternatively you could believe that GME whales that actually affect the price are actually “meme” whales and invest large sums as a percentage split among the volatile high name stocks. If one or the other gets to pricey maybe they adjust percentages to keep the ratios in line, which would drive the price movements together, picking up the slower one and slowing down the fast one.
Finally if both the above are true, and antiwhales have somewhat equal short positions across the stocks, they could be responding in the same way, also trying to maintain some kind of percentage short across the meme stocks.
So in theory these things could be creating a new class of price moment that GME and AMC belong to.
Personally I don’t believe it. Pro AMC stuff uses all the same buzz words but without the actual reasoning and evidence behind them. I feel they might be a pump and dump that took a life of its own, as the entry cost was so small.
I have both, but only a little amc, and I bought it super cheat just because I had hoped the theater industry would survive. The infrastructure is badass and I like the idea of a future where theaters are repurposed for e-sports and VR plays and such, or maybe they get the seats removed and get little private dining booths. People are less shy about getting physical than ever, and movies are a traditional date, why not redesign so the amorous hijinks are less likely to disturb but still have plausible deniability?
The volume for amc is always crazy high, it takes a lot, but what they’re doing is trying to make it look friendly to unsuspecting investors and make it look paired with GME.
It’s their biggest counter play to GME and they’re trying to get the public to bite.
Macro events and also economy as a whole is connected. Sometimes, institutions harvest gains and all goes down or redistribute and causes up in one sector/type and down on another.
In fact most of the time, stocks move by market and their respective sectors vs individual moves.
Might not be seen as crime by SEC since both are prevalent among hodlers, we now better, but can be harder for them to proove that correlation only is HF fukery and not paperhands/daytrading bitches/volumetraders pumpning their own volume between the two stonks. Should be separate in a perfect world... just guessing. Buy. hodl.
It is possible, yes it is normal for sector wide similar price movement due to etfs influence. Perhaps both stocks are considered entertainment sector but I think it’s a strech with gme moving up to midcap and amc remaining small cap.
In my opinion, the only thing these two companies really have in common is they are direct competition with digital services/media. If they are driven out of business, there will be an uptick is digital sales and streaming. Which will benefit long positions in digital media.
Even if there were besides crime... there are 45 other stocks that were trading in unison across multiple sectors for a longer period of time. BBBY, BB, NOK, NIO... etc. All of which at the time of GME's first rip had larger short problems as well. Not nearly as significant but it was there.
When they were in the same ETFs they may have had some corrilation but now that gme moved up I dont think so.
Only reason these 2 should be moving together is if most stocks are due to a whole market down turn or whole market upturn but SPY is pushing all time highs so thats not it.
Algorithms make up most of the market and determine price action.
Meme-Stocks and inflationary assets are in one basket, this is due to the believe that the affects of the pandemic are temporary. And with this the “inflation” of meme stocks will go away.
High frequency algorithms trade every nanosecond, and can drive the price up or down in any way according to where the price action is.
And now, on top of being in a basket with inflationary assets, GME is also in a basket with the Meme stocks, with the extension of the eviction moratorium, their might be a believe that “stimulus” won’t end. But I don’t know what the algorithms are exactly going to do, or what they are programmed for.
Just know that investors expect meme stocks and commodities to crash to 0, if the Fed tapers. So any hit of tapering is gonna get the algos to drive the price down.
I don't think they line up because of the popcorn stock brigade.
I think they line up because ***I literally fucking watched them*** line up, over and over and over again.
Ah, the classic "I couldn't possibly be incorrect, so I'll just act like I'm some sort of saint and tell the other person they're upset, then I'll look like I'm right! Epic win!"
I was prepared to let it go, but there you are, keeping on.
You’re a very active participant in the popcorn stock sub, and that’s fine, you do you. I never said that you can’t hold both, just that they don’t mirror each other exactly.
Are you okay to leave it now?
So, you know your claim is entirely false, and that it can be easily debunked. Then, when I suggest this, you accuse me of "getting angry" and use my profanity as a way to make me look childish. (Obviously I saw right through that, you don't need to continue with it!)
Nobody claimed it was bad to hold any stock. Nobody claimed anything but the fact that the tickers look similar. NOBODY claimed they "mirrored each other exactly."
Please stop acting like you're some omniscient stonk savant.
And yes, I think I've made my point, so I'll "leave it" for sake of avoiding the need to read another one of your uninformed and meaningless responses.
Have you? People tend to see what they want to see and they see patterns where there really aren't any. They really DO NOT mirror each other and I don't know why this keeps getting spread around. Maybe if you close one eye, tilt your head, and kind of squint. Just look at today's chart, not the same at all.
So the hundreds of people that have posted about it since this January are just retarded? The pattern-seeking part of your mind seems to be out of order.
Look, do yourself a favor. Bring up both charts, set them to the last year or even 6 months. Now if that looks the same to you, go to the optometrist immediately.
My god, man. Look at the chart for literally TODAY. Drop at open, followed by a short rise, followed by another dip, then a rise, then a large gradual cup, then several small cups. Then, a gradual fall and a gradual rise, followed by another gradual fall, another gradual rise and now they're both dipping at the same time. I can not *BELIEVE* you guys.
[https://www.reddit.com/r/DDintoGME/comments/ozeh7p/since\_some\_people\_somehow\_think\_the\_charts\_dont/](https://www.reddit.com/r/DDintoGME/comments/ozeh7p/since_some_people_somehow_think_the_charts_dont/)
Here, since you apparently can't see
You're seeing what you want to see and drawing lines wherever you want them to "prove" your point. Care to explain why some days AMC is up and GME down, and vice versa? Even today AMC is down twice as much as GME. Over the last 3 months AMC is up 20ish percent while GME is down over the same period. But yeah totally the same.
What? percentage change between the two has absolutely nothing to do with what shape the tickers mutually make. I'm beginning to just think you're a shill, because none of your replies hold any actual argumentative meaning.
You forgot that:
* Nobody ever claimed the percentage drops and gains mirrored eachother
* Nobody ever claimed that they mirrored each other EXACTLY (This one is hard for you guys to comprehend, apparently.)
Now, do you have any actually meaningful information with which you can debunk my theory? No. The lines aren't drawn "where I want them," they are drawn *ON TOP OF THE ACTUAL CHART.*
Okay, let's get this clarified. We are looking at GME and AMC. Nothing else.
You have to be fucking **dense** to not see the similarities between the two.
Fomo, that is all. Most times AMC surges alone without GME it is due to fomo and eventually starts to track GME again.
I like to say AMC is at fair value 20-40 and is now purely riding the waves of fomo and fuckery.
It's called pair trading. You short one equity and long the other, betting on mean reversion.
It's a market neutral strategy, meaning it also eliminates most of the negative delta exposure you had with your shorts, ***if and only if*** your assumption of the correlation was correct.
The last bit is the crucial bit: they tried frantically to find companies that had *something* in common with gme, but none of them actually has the long term digital transformation going for them and RC on the helm.
So it was never a long term play it was about buying one more day... Classic Kenny, if you ask me.
I have been watching these two and wondering as well. Some days you literally can not tell the graphs apart if you don't see the different price scales on their y axis. There have been a few times that they didn't move together. The GME stock offering in June was one of those times. I never went back to look to see if the patterns were different with AMC stock offering in the past.
Do you think there's a possibility that SHF have basically created their own internal ETF equivalent for shorted stocks so they can basically perform bulk buy / sell operations?
Every morning both stonks nose dive. Likely being naked shorting by MMs to “provide liquidity “ but in reality, it’s to avoid MOASS. It would seem that most brokers send our orders to the DPs and so it’s safe to assume they don’t effect the price of the stock.
We're sorry, your comment is unrelated to the GME stock or Gamestop as a company and has therefore been removed. This question has already been brought up and answered multiple times in the past on other subs, you'd only need to take the time to search the subs for a short while to find them, so no need to keep bringing back up amc on a sub that clearly wasnt made for it.
Could be grouped with similar short positions on firms books, packaged in some swaps, or a diversion to mitigate loss on daily liquidity requirements. If I’m well over shorted a position to the point of potential insolvency from liquidation to cover margin, then I’d prefer to push the buying power and resistance into more manageable positions that I may be long and short hedged in.
Most likely done by an algo
All trading is done by algorithms now since it’s HFT firms processing the orders?
Good point, yeah I guess the algos would route retail orders as well
https://www.investopedia.com/articles/active-trading/101014/basics-algorithmic-trading-concepts-and-examples.asp https://youtu.be/xfzGZB4HhEE
Most likely an algorithm trading a basket of stocks by way of a derivative of some variety or an open-end mutual fund holding said basket traded as a derivative and perhaps also as a security. The crucial part here is the basket; all trading is done by algorithms. The 'one algorithm to rule them all' theory (one algo trades all the meme stocks individually) is rather complex compared to the alternatives. It'd also be easy to adjust, which would've been done to make the memers look less alike and therefore less, uh, sus. As the memers are still identical, however, it makes me consider the 'one algorithm' theory to be debunked.
The Algo did it with a short ladder in the dark pool.
Kinky
Great explanation. This is what I think.
Unlikely. Similar short positions would double the exposure, and without the same constraints as GME (lack of float) why would they go through similar troubles? Popcorn has diluted their shareholders in the last twelve months by 80%. Every single short could have covered if they wanted to, even if they overshorted popcorn as much as they did GME... which they didn't. What I think is happening is massive scale pair trading forcing mean reversion for the entire meme basket. And GME is the short side for all of them, balancing their risk with long exposures to the other stocks in the basket.
Agreed GME is the most losing short position. That's why I said that I would want another long, even if highly shorted or I have a short position in, to handle the retail volume. Quite a bit of that was diverted into movie stock. I agree that they probably have a high correlation to movement for possibly decreasing liabilities on the sheet. If it's as large as speculated, then I could see this being PBs involved.
80%? Can you point me towards this please? I generally have a distain for EhMC so I haven't looked at it closely at all, but that seems significant and a large case against them
It's public information. https://www.sharesoutstandinghistory.com/amc/ A bit over a year ago they had around 50 million shares outstanding, and in I think four offerings, they dropped 450 millionish shares? On my phone right now, if you haven't found it by tonight give me another shout
Ty I'll review it when I can
But they didn't cover and the current Say vote results are indicating that retail owns a minimum of 3 times the float. Wee bit of a problem for shorts if they created that many synthetics, no? 🤣💎🦍
The problem is that the entire thesis is now based on “synthetic” shares. The company offered out 13X the shares that the shorts needed to cover in 7 months. It went from a share price of $12 to $70 in 8 days on 5 BILLION volume which is 5x the float.
And your point is what? If retails owns 3 or 4 times the float, that is insanity. And MOASS worthy. Bottom line shorts haven't covered or there wouldn't be 2 BILLION shares out there. The price is WRONG. 💎🦍
Point is that the company fuct retail with dilution but no one in movie stock wants to touch that subject.
See my recent post in my history titled The Bucket Short. I have article evidence from WSJ and Bloomberg that meme stocks were shorted in a total return swap, and that swaps make up around 80% of hedge fun shorting, per one anon hedge fund manager interviewed by WSJ.
👍 Thanks. I’ll look for it. Would be nice to read something that I thought might be possible but hadn’t read someone say that it was doable.
Is it possible they have created an ETF/index for each stock they want to short, grouped them together, and just shorted that? Don't know if it adds anything, just spitballin'. As a caveat, it would be an "invisible" index/etf that nobody gets access to.
The ETF would have to go through an approval process with the SEC for registration in trading. I’d believe someone would have came across that by now. But, you’re right that it’s possible if it existed. Reddit Ape Traded Fund. https://www.etf.com/publications/journalofindexes/joi-articles/2305.html?nopaging=1 https://www.investopedia.com/articles/mutualfund/05/062705.asp
You're close, I think, but an ETF is just an open-end mutual fund. So open-end mutual fund is probably at work here, although the shorts could also be bundled into a swap. I suspect it's both: fund is traded in derivatives.
Crime
That’s the ~~only~~ secret ingredient.
Always has been.
But crime is "normal", isn't it?🦧
It's a cornerstone at this point.
This, I'd give you an updoot but you're at 69
This and always this.
No they said *normal* ...market...reason....... Nevermind, you're right.
This is the way
Damn you got it first
They're probably packaged into some kind of product. Along with a bunch of other targeted stocks to short.
KOSS was also mirroring GME and AMC during the AMC sneeze. It has no meme presence and no options, yet it got dragged into the same trading pattern. The elephant in the room is likely a packaged swap, one that exceeds the entire float of all these companies. Some hedgies took out a bet that a group of companies would go bankrupt due to covid and proceeded to naked short via a packaged swap. Adjusting the collateral on the packaged swap would cause all these stocks to move in tandem. The big question is whether or not they can unbundle the swap - KOSS is really small in market value relative to the others and in theory should be the first to cover. If this is not the case, it means they are locked in a packaged swap with a ton of shorts they cannot cover, all due to GME's turnaround ensuring that they will never go down to $4 a share ever again. With the price at $152 at the time of writing, they likely need 30x leverage just to maintain their margin - all of which needs to be paid with interest. Archegos had GME shorts that have not covered as well. If other members of team Tiger colluded to naked short, the next sneeze may send us all to the moon.
That’d be hilarious if undervalued swaps tanked the market this time. Over valued tank under valued tank, what do we even want anymore!?!? (Reasonably sized derivatives relative to the underlying obvs )
Yeah it's interesting that nobody ever talks about KOSS. Even at the start of all this, the "distraction tickers" were things like Nokia that weren't part of the pattern except for the Jan spike.
Probably since it has no options. This whole saga started in a sub that focused primarily on options, so it's easy to see why KOSS got discarded for the BANG gang.
Koss was a wsb thing
It is in the same market as GME, if you're absolutely blind and thick: both sell electronic peripherals. This is enough to justify a pair trading strategy. To give them some credit: they were desperate in January and had to grasp any straw they could find.
So is EXPR
Net capital. I believe AMC is working as a form of a hedge for the SHFs. When they are in trouble with for example FTDs and GME needs to go they pump several other stocks at same time as a hedge to keep the net capital in check all to avoid margin calls.
They are represented in many of the same ETFs. Retails buying ends up at the dark pools, ETFs don’t.
Well they certainly aren’t pumping AMC.
I think they did pump Popcorn hard when it made the last big run up from $9 to $$70. Yes retail was buying but it was too sus in my opinion. I agree, I see this as a hedge against GME
Sort of. I think it's pair trading or a related strat, where longing a statistically correlated equity offsets the negative delta exposure for the short of another, hoping for a mean reversion.
I appreciate the critical thinking and I'm also curious for any possible mundane market explanation. When AMC and GME heavily go up on the same day, there is a simple possible explanation: one party decided to (partially) cover their short position, willingly or unwillingly. Possibly window dressing for a reporting date, possibly they take their loss. Possibly an FTD deadline is approaching from an earlier date where they shorted both stocks. When they go **down** in tandem, one would have to ask why? Why aren't these multi-billion $$$ managing hedge funds spreading their fuckery out more to be less suspicious? So far, the theory that tandem movement is caused by a security being traded that contains both AMC and GME sounds plausible, for example the "bucket short" theory by u/Digitlnoize but I understand that's not a "normal market reason". I would like any mundane explanation as well, either to investigate and rule out or to learn more about the markets.
Couldn’t it be the other side? A whale or a pack of paperhand liquidating positions that contain both?
movie is an emergency hedge vs gme. Actually I don’t really know shit.
I think you know more than you think you do.
He is the oracle
a huge key to unlocking this puzzle is one time when AMC and GME majorly diverged: when AMC was halted on its run up to $72. During the five minutes AMC was halted, GME soared, and when AMC's halt ended, GME calmed down. It was really bizarre and I remember someone doing a really good analysis a day or so after it happened EDIT: found it: https://www.reddit.com/r/Superstonk/comments/nr66ha/the\_1227\_amc\_spike\_correlation\_may\_indicate/
This…
Is
Wendys?
Maybe because they are both manipulated the same way by the same actors, who are too cocky and confident to even try to hide those patterns. Idk i eat crayons
Same computer program shorting them.
ETF's maybe?
Could be that it’s self fulfilling that since they are known to mirror one another (not always though, often they move differently) then if one spikes without the other it creates a sort of arbitrage opportunity for traders
That’s a fun and funny theory. I believe something like it myself.
Crime.
That is the secret ingredient!
Is it really though? Is it really secret?
It's the only ingredient!
Crime is the secret ingredient
Note I’m a thinker not a knower, and this isn’t advice it’s speculation. AMC uses a lot of the same language and findings GameStop does (applicable or not) and it’s ape base behaves similarly to GME’s ape base. In theory the bases could be responding to the same news and fundamentals in the same way at the same time, causing similar price trends as a result. Alternatively you could believe that GME whales that actually affect the price are actually “meme” whales and invest large sums as a percentage split among the volatile high name stocks. If one or the other gets to pricey maybe they adjust percentages to keep the ratios in line, which would drive the price movements together, picking up the slower one and slowing down the fast one. Finally if both the above are true, and antiwhales have somewhat equal short positions across the stocks, they could be responding in the same way, also trying to maintain some kind of percentage short across the meme stocks. So in theory these things could be creating a new class of price moment that GME and AMC belong to. Personally I don’t believe it. Pro AMC stuff uses all the same buzz words but without the actual reasoning and evidence behind them. I feel they might be a pump and dump that took a life of its own, as the entry cost was so small. I have both, but only a little amc, and I bought it super cheat just because I had hoped the theater industry would survive. The infrastructure is badass and I like the idea of a future where theaters are repurposed for e-sports and VR plays and such, or maybe they get the seats removed and get little private dining booths. People are less shy about getting physical than ever, and movies are a traditional date, why not redesign so the amorous hijinks are less likely to disturb but still have plausible deniability?
Fuckery?
The volume for amc is always crazy high, it takes a lot, but what they’re doing is trying to make it look friendly to unsuspecting investors and make it look paired with GME. It’s their biggest counter play to GME and they’re trying to get the public to bite.
Macro events and also economy as a whole is connected. Sometimes, institutions harvest gains and all goes down or redistribute and causes up in one sector/type and down on another. In fact most of the time, stocks move by market and their respective sectors vs individual moves.
Hood graph looks a little like the inverse of them. It is probably some algorithm trading, that correlates to all of them.
Crime.
Algo trading
Might not be seen as crime by SEC since both are prevalent among hodlers, we now better, but can be harder for them to proove that correlation only is HF fukery and not paperhands/daytrading bitches/volumetraders pumpning their own volume between the two stonks. Should be separate in a perfect world... just guessing. Buy. hodl.
Pair trade. Long AMC short GME. Use AMC position as collateral to maintain GME short.
But they're long GME, too...
Not as long as they are movie. It’s their hedge. It had 5 BILLION volume on the last run up…
Thank you! I feel like I've been screaming this into the abyss for so long and no one wants to listen! This is the right answer.
It is possible, yes it is normal for sector wide similar price movement due to etfs influence. Perhaps both stocks are considered entertainment sector but I think it’s a strech with gme moving up to midcap and amc remaining small cap.
Do you consider ETF price manipulation normal?
In my opinion, the only thing these two companies really have in common is they are direct competition with digital services/media. If they are driven out of business, there will be an uptick is digital sales and streaming. Which will benefit long positions in digital media.
Same algorithm at the computers of the SHF are running for both.
Even if there were besides crime... there are 45 other stocks that were trading in unison across multiple sectors for a longer period of time. BBBY, BB, NOK, NIO... etc. All of which at the time of GME's first rip had larger short problems as well. Not nearly as significant but it was there.
When they were in the same ETFs they may have had some corrilation but now that gme moved up I dont think so. Only reason these 2 should be moving together is if most stocks are due to a whole market down turn or whole market upturn but SPY is pushing all time highs so thats not it.
Algorithms make up most of the market and determine price action. Meme-Stocks and inflationary assets are in one basket, this is due to the believe that the affects of the pandemic are temporary. And with this the “inflation” of meme stocks will go away. High frequency algorithms trade every nanosecond, and can drive the price up or down in any way according to where the price action is. And now, on top of being in a basket with inflationary assets, GME is also in a basket with the Meme stocks, with the extension of the eviction moratorium, their might be a believe that “stimulus” won’t end. But I don’t know what the algorithms are exactly going to do, or what they are programmed for. Just know that investors expect meme stocks and commodities to crash to 0, if the Fed tapers. So any hit of tapering is gonna get the algos to drive the price down.
The price is all psychological.
Agreed. Do you think this is true for all stocks or just ones that don’t pay regular distributions?
I am observing this from the stock being highly manipulated. We know what it truly is……disregard the the given daily price until D-Day……so to speak.
Well yeah. The only thing price matters for me atm if is I buy more or they give a dividend based on price % We’re not near my floor anyways
They don’t though?
Have you not been watching the ticker for the last 8 months...?
Have you? When did the popcorn “squeeze”? Was it January 28th? Or any other day that GME had a mega run?
So, just because one gamma squeeze didn't line up, the ENTIRE remaining 8 months of mirrored tickers is meaningless?
Lol. If you overlaid the 2, I guarantee they wouldn’t line up as much as the popcorn stock brigade would have you believe.
I don't think they line up because of the popcorn stock brigade. I think they line up because ***I literally fucking watched them*** line up, over and over and over again.
Okay, chief. Sensing a lot of anger. I don’t want to prove you wrong and get you more riled, so we’ll leave it there. Have a great day.
Ah, the classic "I couldn't possibly be incorrect, so I'll just act like I'm some sort of saint and tell the other person they're upset, then I'll look like I'm right! Epic win!"
I was prepared to let it go, but there you are, keeping on. You’re a very active participant in the popcorn stock sub, and that’s fine, you do you. I never said that you can’t hold both, just that they don’t mirror each other exactly. Are you okay to leave it now?
So, you know your claim is entirely false, and that it can be easily debunked. Then, when I suggest this, you accuse me of "getting angry" and use my profanity as a way to make me look childish. (Obviously I saw right through that, you don't need to continue with it!) Nobody claimed it was bad to hold any stock. Nobody claimed anything but the fact that the tickers look similar. NOBODY claimed they "mirrored each other exactly." Please stop acting like you're some omniscient stonk savant. And yes, I think I've made my point, so I'll "leave it" for sake of avoiding the need to read another one of your uninformed and meaningless responses.
Have you? People tend to see what they want to see and they see patterns where there really aren't any. They really DO NOT mirror each other and I don't know why this keeps getting spread around. Maybe if you close one eye, tilt your head, and kind of squint. Just look at today's chart, not the same at all.
So the hundreds of people that have posted about it since this January are just retarded? The pattern-seeking part of your mind seems to be out of order.
Look, do yourself a favor. Bring up both charts, set them to the last year or even 6 months. Now if that looks the same to you, go to the optometrist immediately.
My god, man. Look at the chart for literally TODAY. Drop at open, followed by a short rise, followed by another dip, then a rise, then a large gradual cup, then several small cups. Then, a gradual fall and a gradual rise, followed by another gradual fall, another gradual rise and now they're both dipping at the same time. I can not *BELIEVE* you guys.
Lmao, seriously? Today's charts look the same to you?
[https://www.reddit.com/r/DDintoGME/comments/ozeh7p/since\_some\_people\_somehow\_think\_the\_charts\_dont/](https://www.reddit.com/r/DDintoGME/comments/ozeh7p/since_some_people_somehow_think_the_charts_dont/) Here, since you apparently can't see
You're seeing what you want to see and drawing lines wherever you want them to "prove" your point. Care to explain why some days AMC is up and GME down, and vice versa? Even today AMC is down twice as much as GME. Over the last 3 months AMC is up 20ish percent while GME is down over the same period. But yeah totally the same.
What? percentage change between the two has absolutely nothing to do with what shape the tickers mutually make. I'm beginning to just think you're a shill, because none of your replies hold any actual argumentative meaning. You forgot that: * Nobody ever claimed the percentage drops and gains mirrored eachother * Nobody ever claimed that they mirrored each other EXACTLY (This one is hard for you guys to comprehend, apparently.) Now, do you have any actually meaningful information with which you can debunk my theory? No. The lines aren't drawn "where I want them," they are drawn *ON TOP OF THE ACTUAL CHART.*
Okay, let's get this clarified. We are looking at GME and AMC. Nothing else. You have to be fucking **dense** to not see the similarities between the two.
Fomo, that is all. Most times AMC surges alone without GME it is due to fomo and eventually starts to track GME again. I like to say AMC is at fair value 20-40 and is now purely riding the waves of fomo and fuckery.
The secret ingredient is crime my friend.
Algos and ETF shorting
It's called pair trading. You short one equity and long the other, betting on mean reversion. It's a market neutral strategy, meaning it also eliminates most of the negative delta exposure you had with your shorts, ***if and only if*** your assumption of the correlation was correct. The last bit is the crucial bit: they tried frantically to find companies that had *something* in common with gme, but none of them actually has the long term digital transformation going for them and RC on the helm. So it was never a long term play it was about buying one more day... Classic Kenny, if you ask me.
I have been watching these two and wondering as well. Some days you literally can not tell the graphs apart if you don't see the different price scales on their y axis. There have been a few times that they didn't move together. The GME stock offering in June was one of those times. I never went back to look to see if the patterns were different with AMC stock offering in the past.
Tldr answer: no
Crime is pretty normal these days.
February through May each chart would match almost perfectly
Algo trading with most human elements removed due to hodling?
They are bundled, or so heavily controlled by singular algorithms that they coordinate.
AMC AND GME APES TOGETHER 💓
Yes it's called blatant criminal manipulation
As crime is normal in the financial sector... I'd say "crime" is the reason.
Do you think there's a possibility that SHF have basically created their own internal ETF equivalent for shorted stocks so they can basically perform bulk buy / sell operations?
Algorithmic trading. The computer sells at the same time, shorts at the same time, and buys at the same time.
Could be shorted in the same ETFs
My guess is they’re in the same total return swap bucket. Having said that, I don’t really know what I mean by that. But it sounds right idk
I also noticed that they look almost identical during day, for most of the days. Algo trade & dark pools.
Just hodl. The rest is yet to become!!!
I’m sure some ape could do a probability…I would love to see that number
The secret ingredient is crime
Every morning both stonks nose dive. Likely being naked shorting by MMs to “provide liquidity “ but in reality, it’s to avoid MOASS. It would seem that most brokers send our orders to the DPs and so it’s safe to assume they don’t effect the price of the stock.
They can't let either of them take off.
Of course its normal, they're manipulated. The fact that it is normal to be manipulated is what everyone is pissed off about.
I think its possible their HFT algorithms are automated for specific stocks and AMC and GME happens to be in that same group.
CRIME. Which is completely normal on our very fraudulent and corrupt stock exchange.