AMC ready to fade. Too Much Big Short Money to Overcome
Diupdate
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
Catatan
we are now approaching the fake breakout range. this is where the "Apes" will fomo inCatatan
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.
Catatan
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 $40Catatan
really fighting against that blue resistance lineCatatan
falling toward the yellow lineCatatan
if it melts through the yellow line, the apes are going to learn about multi-year bagholding the hard wayCatatan
don't look into the abyss too long apesCatatan
Apes now diving into the abyssCatatan
2022 is going to be a nightmare for the apes. few will surviveCatatan
apes already getting a glimpse into the pain for 2022Catatan
this has been absolutely brutalCatatan
the bottom is not inCatatan
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
Catatan
nice relief rally, i think $15.00 will be the core of the range for 2022. upside is $22 and downside is $11Catatan
still building out attempted support around $15Catatan
totally guttedCatatan
the pain continues, and after the pain ends, the boredom will begin
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