AMC ready to fade. Too Much Big Short Money to Overcome
Updated
I like the theory of beating the Hedge Funds and their over capitalized naked shorts
but the reality of the markets is that they exist to hurt us (the poor and middle class).
I'm expecting a fake breakout sometime between now and Christmas, this will pull in a final round of suckers.
then going into the new year, this will print a definitive new lower low on a ton of volume.
The AMC Movie Theatre business fundamentals don't matter at all, this is a meme asset that is narrative and emotion driven only
but the reality of the markets is that they exist to hurt us (the poor and middle class).
I'm expecting a fake breakout sometime between now and Christmas, this will pull in a final round of suckers.
then going into the new year, this will print a definitive new lower low on a ton of volume.
The AMC Movie Theatre business fundamentals don't matter at all, this is a meme asset that is narrative and emotion driven only
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we are now approaching the fake breakout range. this is where the "Apes" will fomo inComment
it is challenging for big institutions to get paper money and naked short Crypto Assets like Zcash which are primed to supply short squeeze vertical up for AMC sadly the opposite is true, hedgies and institutions can readily take out paper naked short positions and ride you to the ground.
its not fair, but always remember that this is intentionally not a fair system.
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they might try and suck you in for one more smaller "breakout" before slamming the door closed. its still safe to take
AMC profits here above $40Comment
really fighting against that blue resistance lineComment
falling toward the yellow lineComment
if it melts through the yellow line, the apes are going to learn about multi-year bagholding the hard wayComment
don't look into the abyss too long apesComment
Apes now diving into the abyssComment
2022 is going to be a nightmare for the apes. few will surviveComment
apes already getting a glimpse into the pain for 2022Comment
this has been absolutely brutalComment
the bottom is not inComment
Best Case Bottom scenario is $10.00 in late 2022if the apes have absorbed all of the bagholder selling this entire year, and shares are holding a rounded bottom late in 2022, above $10.00 then its time to re-enter
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nice relief rally, i think $15.00 will be the core of the range for 2022. upside is $22 and downside is $11Comment
still building out attempted support around $15Comment
totally guttedComment
the pain continues, and after the pain ends, the boredom will beginDisclaimer
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