Also brehs, I was looking for some information on this Evergrande shyt you guys have been posting for the past week, to better understand it, and I came across a small crypto euro channel and she went through the Evergrande situation then said she sold her AMC stick because she’s thinks China will let it fail and AMC would be one of the first to take a hit in valuation. Is there anything to what she saying or is it just babble?
she probably knows way more about the market than i do, but i will take a stab at this:
1) she seems to be trading AMC as a normal investment and not a squeeze play. that means her thesis is different than the rest of us and not applicable
2) even if evergrande manages to tank the stock, that sell-off may only be among institutions. retail has a habit of buying dips and keeping the stock above $30. retail owns a large amount of the stock so our sentiment matters.
3) if the evergrande event is large enough to do major damage, it will probably damage some of the institutions shorting AMC, and one of them will probably try to cover first to mitigate losses. that covering will spike the price up and possibly trigger the squeeze.
she is not babbling if you are looking for normal stock value advice, but i dont think anybody in here is looking for that.