AMC to the MOON!

[markb57]

 

[markb57]

 

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[markb57]

 

[keylime]

Oh Oh. We're so close to 100 pages on this thread I can smell the BBQ cooking on the MOON!!!!

[keylime]

[md11fr8dawg]

TGIF!!!

[Dinarrock]

1 hour ago, keylime said:

Next Friday better close over $100 Keylime or this is your fault since we will be over 100 pages…lololol

[MyLadiesDaddy]

8 minutes ago, Dinarrock said:

Next Friday better close over $100 Keylime or this is your fault since we will be over 100 pages…lololol

Probably closer to $60 but no one knows when FOMO kicks in. 

 

This entire affair has become an emotional event only. Still Citadel and other Hedgies are believing that shorting is their best choice. 

 

Now that the LSM is talking positive on AMC I suspect it won't be long before everyone begins buying all the fake shares they are creating. Up until now those Hedgies have created fake shares that slam the price, then buy them back. But I think FOMO is going to create a Frenzy and people will buy those fake shares as they are created. Leaving the Hedgies nothing to buy. 

 

This event is turning into the biggest financial crisis in history. Aside from the DickTator in Chief making an executive order saying that Citadel doesn't have to cover the shorts, Citadel will go by by. 

 

Think of the Ramifications of that. 

[pokerplayer]

I say good, I hope more follow suit !!

pp

 

Finance

AMC Entertainment (NYSE: AMC) Short-Seller Odey Asset Management Hedge Fund Has Suffered a Massive Loss Over the Past Month

By Rohail Saleem

Sep 10, 2021 10:32 EDT

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AMC Entertainment (NYSE:AMC 50.16 3.38%), the erstwhile distressed movie theater chain that has seen a dramatic reversal in fortunes amid a mind-boggling retail-driven stock price rally, continues to inflict crippling damage on its detractors.

Against this backdrop, the hedge fund Odey Asset Management has emerged as one of the most prominent casualties in recent times as AMC Entertainment shares maintain their inexorable upward trajectory

 

As a refresher, the London-based hedge fund had reported a substantial short position in AMC Entertainment back in August. Before this disclosure, the fund had made a killing on its bearish bet as AMC stock price collapsed from $57 to $37 in July.

However, the tables seem to have turned on Hanbury Odey, who manages the firm’s LF Brook Absolute Return fund and currently oversees around $1.5 billion in assets. As an illustration, AMC Entertainment shares have now breached the $50 price level and are up around 70 percent since Hanbury Odey disclosed his bearish bet on AMC.

So, how much loss has Odey Asset Management suffered? Well, Hanbury had previously stated that his short position in AMC was one of his biggest winners, thereby providing a hefty contribution to the LF Brook Fund’s 3.7 percent return as of early August. However, with AMC having reversed almost all of its losses in July, the fund now stands to lose its star performer.

Of course, Odey Asset Management is not the first high-profile casualty of the ongoing retail-driven mania in meme stocks such as GameStop and AMC Entertainment. Back in January 2021, Melvin Capital was forced to seek a bailout after its short position in GameStop blew up.

We had noted in a post yesterday that, as per the tabulation by S3 Partners, GameStop short-sellers lost another $100 million in August, bringing their cumulative losses to around $6.5 billion. Should the current rally in AMC Entertainment shares continue, its detractors are likely to face a similar fate.

With AMC Entertainment and GameStop both inextricably linked via the ongoing retail-driven mania, the two companies are now mulling a formal partnership. To wit, Liz Claman at Fox Biz has now tweeted that the CEO of AMC Entertainment, Adam Aron, has reached out to GameStop for a possible tie-up:

While the exact nature of this partnership is as yet uncertain, we had speculated yesterday that the tie-up might involve GameStop’s recent push into the arena of Non-Fungible Tokens (NFTs). GameStop has now activated a dedicated website for NFTs that references players, creators, and collectors, thereby indicating an incoming ecosystem to cater to the gaming community. A fantastic way for GameStop and AMC Entertainment to collaborate would be for the theater chain to integrate with GameStop’s upcoming NFT platform, allowing complete interoperability and transferability. For instance, theatergoers should be allowed to redeem their tickets for NFTs on GameStop’s platform and vice versa. This approach would not only create additional demand for GameStop’s NFT platform but also allow AMC Entertainment to tap into this growing phenomenon, netting a win-win formula in the process.

 

[keylime]

1 hour ago, Dinarrock said:

Next Friday better close over $100 Keylime or this is your fault since we will be over 100 pages…lololol

I'm not arguing:)

[markb57]

8 hours ago, keylime said:

Oh Oh. We're so close to 100 pages on this thread I can smell the BBQ cooking on the MOON!!!!

HOLD MY BEER.........................

[markb57]

 

[markb57]

 

[markb57]

 

[markb57]

 

[markb57]

 

[markb57]

UNCLE LOU************language*******************

 

 

[markb57]

 

[markb57]

 

[markb57]

seeing allot of both agreeing and conflicting videos. this is one of the biggest market plays in a very long time, if ever. 

Crazy, the most down to earth ones I've seen are Uncle Lou. 

 

we wait****we hold****we buy more if able****we wait some more

[markb57]

 

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[markb57]

 

[pokerplayer]

1 hour ago, markb57 said:

 

 

Not exactly sure what this all means for us ? @Pitcher can you help us out here ?

 

  pp