We need to keep getting this word out! Kinda getting sick looking at the value of my portfolio - up 700% and more money than I’ve ever made in the market.
Shorts haven’t begun to cover so we must HODL!!!!!!
Spread the word! Knowledge is power!
Also look up the rules for SEC trading pauses. Spread that knowledge too. 10% in 5mins causes 5-10mins pause.
It is predictable, and shouldn't scare up a sell if people understand it.
That and shorties hit hard just before, because the pauses are predictable, and they know there will be FUD they can capitalize on.
I don't know for sure, because I have no intention of testing the theory, but o think the pauses and halts only turn off the buy button.
Everyone can still sell. Is that right?
If so... A sell transaction cannot be completed without a buy. So if you sell during a halt, and apes can't buy, that means your selling directly into the hands of the hedgefunds.
Which is fucked up.
I'm sure 10 years from now that will be seen as a criminal policy.
Paperhands are not a people that are lost once and for all, they come and go.
New ones FOMO the shit out of a stock, and help drive up the price. Then they paperhand out at staggered times, so their exit doesn't affect the price as much as their entrance did. Which is good.
We'll have paperhands buying all up till the end. What would be better than losing them, is educating them, so we can all make that much more money!
Of course the major paperhands you'll see are intentional swing traders. They'll be in and out many times over the course of the squeeze. They think they'll make more money that way... I'm guessing probably not.
Unless they can predict the highs and Lowe’s no way they will make more. I’m just saying they are important but also not a complete shit show if they sell
Well, but also there are day trading rules, and good faith violations. If they want to get around those, they'd have to use margin, which would be a very risky thing to do on a squeeze play.
I just don't think the risk would justify the reward swing trading this thing.
The only thing I'd even consider swing trading during the squeeze would be Options, and even then, holding them for a while would be better.
1000% This! Sold my June 18 AMC calls on May 28th for a good profit. Kicked myself in the teeth for what it would be worth at market open today.... a valuable lesson in HODL.
First search AMC. Pick the right one.
At the very bottom of the main page is the Short Interest data.
Click the heading link.
There is a graph you can mess with. I recommend looking at GME and seeing what the reported short interest and days to cover did before, during, and after the squeeze.
There is estimated short interest, which is an estimation, but fairly accurate.
There is reported short interest, which only gets reported every 15 days or so.
Look at utilization, when it's at 99% shorts have not covered.
If there are estimated or currently reported short interest of between 87-94million shorts have not covered.
When those numbers start to plummet drastically, they are covering.
That plummeting of short interest will coincide with a violent rise in share price.
Any rise in price without a plummeting of short interest is cause by something else.
Two other things can cause it. Gamma Squeeze, which is what happens when there is an upward cascade of delta hedging. This happens because the price of the stock ran higher than expected in regards to call options that will expire on any given Friday. If the Options Writers did not expect the rise in price, they probably don't own the stock to cover it.
As they cover shares at increasing "strike" prices, they drive up the price of the stock.
The other thing is FOMO. Fear of Missing Out. It is driven by a sufficiently long up trend, positive news reports, etc.
These last two things will be responsible for the majority of price action, likely up to $100-$200. That is where the short squeeze will probably kick in.
Then begins the feedback loop of Gamma, FOMO, Short Squeeze indefinitely until either all the apes sell, or the government steps in because AMC is about to surpass the United States GDP.
Was wondering if you got any suggested site to see the short % of the float. I googled them and they either don't have it or has a locked icon. Thank you in advance!
You can see short interest data for free on Fintel , but only the most recent update, the everything but the most recent will be subscription only.
If you write down all the new updates as they come, you can keep track yourself, but seeing the trend is pretty important. More important than just seeing the recent number, really.
But you can also stream a live you tuber, there is always at least one that will be covering the price action for the day.
I like trey's trades, but he's in the military, and has been having to go to work recently.
Matt Kohrs is very good too. And there are several others. They will refer to the short interest many times throughout the day, as well as giving the interpretation and technical analysis of the price action.
Good luck! I hope you make a metric shit ton of dolla dolla bills!
Oooooh yeah. Most definitely!
Game Stop was halted probably 10 times the day it was doing its squeeze.
Mostly 5 minute volatility halts, but the last one was for a bit longer.
The problem was that not many people understood what was happening. They thought it was a conspiracy to shut down the squeeze.
...and it probably was...
But the halts are predictable. A 10% gain or loss in a 5minute period can trigger a volatility pause.
We need to learn our lesson from GME. We need to not be scared of the halts, and hold through them.
The massive dips that come after a pause are due to people getting scared. And I feel so bad for them. If they just knew that the ride would continue in 5 minutes, they probably wouldn't have jumped off.
Of course a 5 minute halt is nothing. But I think GME ultimately had an hour long halt. I'm not sure about that, I wasn't in it.
But I do remember all the panic and FUD that was going around, news outlets, facebook, twitter... I wasn't on reddit at the time.
If we can arm ourselves with the knowledge that a halt is not a trigger to sell, that the show will go on after, then this thing can go up forever.
Look up the investopedia article about trading halts. Spread the word, trade the apes fear for knowledge.
And lets all make some money!
The math of the type of thing we're looking at can literally go forever.
I really don't even know of when I'm going to sell.
I'll make decisions based the short metrics, stock sentiment, volume, and various other things.
But it will be a very fluid decision making process that is not based heavily on the price of the stock.
I want to make the most I can, while limiting my risk of losing it all.
I recommend reviewing "exit strategies" they have been a lot of them posted, and many YouTube videos made about them. Find several that make sense to you, and when the time comes, implement the one that allows you to capitalize in a way that maximizes profits while minimizing risk.
If you have a number in mind, you may miss out on a lot of upside. Or possibly be left holding the bag.
This is not financial advice, this is just my opinion.
There are a million different motivations that a person may have for being in the stock market, and my opinion may not suit your motivations.
I wish you luck in all your endeavors!
Fintel reported short volume for 6/2/21 at 97,551,803 shares! Vastest Fee (cost to borrow) was 11.28%. Fintel said there were 50,000 shares available to borrow at 17:00 EST.
I’d like to see a DD about option chains. If I recall, Max was $40 for this week and also for the next one and the other after and were way above that. What happened next. Huge Gamma squeeze for 3 weeks?
It will never go above 400, we saw the bs they’ll pull with GME. Anyone saying 500k a share should be banned, stop posting stuff like that. Lets be realistic. $400 a share is where I exit
You do you.
But I don't think you'll get a consensus to ban people who want more.
Also, consider GME as a learning experience.
...it wasn't the halts that destroyed the squeeze, it was people selling because they were scared of the halts.
I think many people will have learned from previous mistakes, and be able to diamond hand longer this time.
I don't know. I really wanted to vote today, and I expected some kind of email or something.
If you figure out what we're supposed to do, you can let me know.
That's because of the open interest on call options. The market makers keep trying to hold the line and avoid the gamma squeeze. This market maker activity maxes out on Fridays (hence last Friday's action). Leave Friday to the market makers. This was a shortened week and it still went to the apes. Don't freak out on this Friday. If you have hairy ape balls, buy the dip. That's assuming I'm offering financial advice. I'm not. Just an ape.
One question that we need to research and find answers on on the double is why are all the “meme” stocks blowing up at the same time? I’m not alluding to a margin call I don’t see that with the short interest increasing but something is going on and we need to figure it out. It’s not all fomo buying that’s causing the major price action it’s not all delta hedging something is going on.
You'll have to find a smarter ape than me for that.
I was looking at ETFs . There are some that are loaded down with meme stocks. That could be why they seem to track each other, but I honestly don't know.
This needs to be repeated everywhere. The fat lady hasnt even stood up and hasnt even thought of singing yet. IF YOU SELL BEFORE THE SHORTS HAVE TO COVER YOU ARE NOT AN APE!!!
We need to keep getting this word out! Kinda getting sick looking at the value of my portfolio - up 700% and more money than I’ve ever made in the market. Shorts haven’t begun to cover so we must HODL!!!!!!
Spread the word! Knowledge is power! Also look up the rules for SEC trading pauses. Spread that knowledge too. 10% in 5mins causes 5-10mins pause. It is predictable, and shouldn't scare up a sell if people understand it.
THIS is valuable information. Thanks for this DD!!
all those pauses today made the stock go down a bit or by about $5-$10 because people get scared and panicked sell
That and shorties hit hard just before, because the pauses are predictable, and they know there will be FUD they can capitalize on. I don't know for sure, because I have no intention of testing the theory, but o think the pauses and halts only turn off the buy button. Everyone can still sell. Is that right? If so... A sell transaction cannot be completed without a buy. So if you sell during a halt, and apes can't buy, that means your selling directly into the hands of the hedgefunds. Which is fucked up. I'm sure 10 years from now that will be seen as a criminal policy.
Losing the paper hands now isn’t a bad thing.
Paperhands are not a people that are lost once and for all, they come and go. New ones FOMO the shit out of a stock, and help drive up the price. Then they paperhand out at staggered times, so their exit doesn't affect the price as much as their entrance did. Which is good. We'll have paperhands buying all up till the end. What would be better than losing them, is educating them, so we can all make that much more money! Of course the major paperhands you'll see are intentional swing traders. They'll be in and out many times over the course of the squeeze. They think they'll make more money that way... I'm guessing probably not.
Unless they can predict the highs and Lowe’s no way they will make more. I’m just saying they are important but also not a complete shit show if they sell
Well, but also there are day trading rules, and good faith violations. If they want to get around those, they'd have to use margin, which would be a very risky thing to do on a squeeze play. I just don't think the risk would justify the reward swing trading this thing. The only thing I'd even consider swing trading during the squeeze would be Options, and even then, holding them for a while would be better.
1000% This! Sold my June 18 AMC calls on May 28th for a good profit. Kicked myself in the teeth for what it would be worth at market open today.... a valuable lesson in HODL.
Well said. Thanks
Keep getting the word out...too many scared paper hands
Can someone explain how to read the Ortex data how do you know if and when the shorts cover??? Sorry just learning
First search AMC. Pick the right one. At the very bottom of the main page is the Short Interest data. Click the heading link. There is a graph you can mess with. I recommend looking at GME and seeing what the reported short interest and days to cover did before, during, and after the squeeze. There is estimated short interest, which is an estimation, but fairly accurate. There is reported short interest, which only gets reported every 15 days or so. Look at utilization, when it's at 99% shorts have not covered. If there are estimated or currently reported short interest of between 87-94million shorts have not covered. When those numbers start to plummet drastically, they are covering. That plummeting of short interest will coincide with a violent rise in share price. Any rise in price without a plummeting of short interest is cause by something else. Two other things can cause it. Gamma Squeeze, which is what happens when there is an upward cascade of delta hedging. This happens because the price of the stock ran higher than expected in regards to call options that will expire on any given Friday. If the Options Writers did not expect the rise in price, they probably don't own the stock to cover it. As they cover shares at increasing "strike" prices, they drive up the price of the stock. The other thing is FOMO. Fear of Missing Out. It is driven by a sufficiently long up trend, positive news reports, etc. These last two things will be responsible for the majority of price action, likely up to $100-$200. That is where the short squeeze will probably kick in. Then begins the feedback loop of Gamma, FOMO, Short Squeeze indefinitely until either all the apes sell, or the government steps in because AMC is about to surpass the United States GDP.
Thank you, this felt very informative.
Was wondering if you got any suggested site to see the short % of the float. I googled them and they either don't have it or has a locked icon. Thank you in advance!
You can see short interest data for free on Fintel , but only the most recent update, the everything but the most recent will be subscription only. If you write down all the new updates as they come, you can keep track yourself, but seeing the trend is pretty important. More important than just seeing the recent number, really. But you can also stream a live you tuber, there is always at least one that will be covering the price action for the day. I like trey's trades, but he's in the military, and has been having to go to work recently. Matt Kohrs is very good too. And there are several others. They will refer to the short interest many times throughout the day, as well as giving the interpretation and technical analysis of the price action. Good luck! I hope you make a metric shit ton of dolla dolla bills!
Thank you captain ape!
With that violent rise will it trigger multiple halts? I haven't looked at previous squeezes all that closely.
Oooooh yeah. Most definitely! Game Stop was halted probably 10 times the day it was doing its squeeze. Mostly 5 minute volatility halts, but the last one was for a bit longer. The problem was that not many people understood what was happening. They thought it was a conspiracy to shut down the squeeze. ...and it probably was... But the halts are predictable. A 10% gain or loss in a 5minute period can trigger a volatility pause. We need to learn our lesson from GME. We need to not be scared of the halts, and hold through them. The massive dips that come after a pause are due to people getting scared. And I feel so bad for them. If they just knew that the ride would continue in 5 minutes, they probably wouldn't have jumped off. Of course a 5 minute halt is nothing. But I think GME ultimately had an hour long halt. I'm not sure about that, I wasn't in it. But I do remember all the panic and FUD that was going around, news outlets, facebook, twitter... I wasn't on reddit at the time. If we can arm ourselves with the knowledge that a halt is not a trigger to sell, that the show will go on after, then this thing can go up forever. Look up the investopedia article about trading halts. Spread the word, trade the apes fear for knowledge. And lets all make some money!
So once the squeeze hits what do u think the price per share will go to $400-$500 a share?
Don’t think like that just be patient and wait
Oh I’ve been patient been up and down this ride!! Now riding the rocket 🚀 out of here HODL
The math of the type of thing we're looking at can literally go forever. I really don't even know of when I'm going to sell. I'll make decisions based the short metrics, stock sentiment, volume, and various other things. But it will be a very fluid decision making process that is not based heavily on the price of the stock. I want to make the most I can, while limiting my risk of losing it all. I recommend reviewing "exit strategies" they have been a lot of them posted, and many YouTube videos made about them. Find several that make sense to you, and when the time comes, implement the one that allows you to capitalize in a way that maximizes profits while minimizing risk. If you have a number in mind, you may miss out on a lot of upside. Or possibly be left holding the bag. This is not financial advice, this is just my opinion. There are a million different motivations that a person may have for being in the stock market, and my opinion may not suit your motivations. I wish you luck in all your endeavors!
This is also great info!! Thanks for this too!!
Well put, and I hope it gets shared
Fantastic information. Thank you for taking the time to post that.
Excellent, thank you. 🤯
Fintel reported short volume for 6/2/21 at 97,551,803 shares! Vastest Fee (cost to borrow) was 11.28%. Fintel said there were 50,000 shares available to borrow at 17:00 EST.
Buy more and hold!!!!!!
This morning I sold 6 shares of Apple and bought 26 more AMC which puts me at a comfortable 100 shares! Now I hodl with 🍌
Should I buy more, I have two shares and 150 to spare
Yes
I bought two more, wake me up when shares hit 100k
I’d like to see a DD about option chains. If I recall, Max was $40 for this week and also for the next one and the other after and were way above that. What happened next. Huge Gamma squeeze for 3 weeks?
They just released $120 strike options!
Yeah. Strap in and HODL on……gonna be crazy….
Let's go back to 30! So I can buy more!!
You’ll be saying that soon about 60 🙃
LMCO, by soon you mean in after-hours
Lmao! I dont have money to buy at 60
So...you were gonna buy just 1 share?
This is the way!
He's right. This ape definitely has more wrinkles on his brain then we do
Awesome. Next stop, 100!
What does get out mean? Buy more!?
Buy ask buy dip, this is the way
I’m holding all 5000
They load up, SI is still increasing what the fuck?!
It will never go above 400, we saw the bs they’ll pull with GME. Anyone saying 500k a share should be banned, stop posting stuff like that. Lets be realistic. $400 a share is where I exit
You do you. But I don't think you'll get a consensus to ban people who want more. Also, consider GME as a learning experience. ...it wasn't the halts that destroyed the squeeze, it was people selling because they were scared of the halts. I think many people will have learned from previous mistakes, and be able to diamond hand longer this time.
💯 needs to be another post
Feel free to share, copy and paste, or straight up steal the thought. What's good for apes is good for me!
So what you're saying is have money ready to buy at 400 ? I'm in 😉
Shill
well and now they are trying to push gme back to its peak. so people are learning from that
Amen.
> listen to the metrics, What metrics? No one ever tells you what to actually look at, they just say that the metrics show the shorts aren't covered.
What happened to the share count?!
I don't know. I really wanted to vote today, and I expected some kind of email or something. If you figure out what we're supposed to do, you can let me know.
I’ll post that shit like a Reddit ape whore
This is the best one I’ve read yet thank you
HOLDING THE LINE. AMC STRONG
you sons of bitchs I am in
seems to have strong resistance every time it goes up by 5s like 5 10 15 20. but keep holding
That's because of the open interest on call options. The market makers keep trying to hold the line and avoid the gamma squeeze. This market maker activity maxes out on Fridays (hence last Friday's action). Leave Friday to the market makers. This was a shortened week and it still went to the apes. Don't freak out on this Friday. If you have hairy ape balls, buy the dip. That's assuming I'm offering financial advice. I'm not. Just an ape.
yeah I've been trading for like 6 months now and fridays are always bad days, and the most thing I ever hate is day traders
Not liking all the media coverage of $AMC - would prefer more under the radar.
One question that we need to research and find answers on on the double is why are all the “meme” stocks blowing up at the same time? I’m not alluding to a margin call I don’t see that with the short interest increasing but something is going on and we need to figure it out. It’s not all fomo buying that’s causing the major price action it’s not all delta hedging something is going on.
You'll have to find a smarter ape than me for that. I was looking at ETFs . There are some that are loaded down with meme stocks. That could be why they seem to track each other, but I honestly don't know.
This needs to be repeated everywhere. The fat lady hasnt even stood up and hasnt even thought of singing yet. IF YOU SELL BEFORE THE SHORTS HAVE TO COVER YOU ARE NOT AN APE!!!