Its physically impossible for them to cover this short breh...
There is no "war chest" that can undo this...the SEC stepping in and halting trading on shorted securities is literally their only play here...
Yea with GameStop they got caught with their pants down and got fukked. I said that on Wednesday.
But every short squeeze play don’t have the same numbers or fundamentals as GameStop and are way more suspect.
Because GameStop was triggered by a new exec that has a new vision for the company that wants to turn it into a game streaming company like Stadia or Luna.
And GameStop had an impossible short interest that “might” have been illegal, I haven’t read into it enough to know if any laws were actually broken or the shorts were just being reckless.
AMC is still fundamentally the same company it was before the pandemic and has the same problems it had before the pandemic, ie the rise of streaming.
and it has a high short interest but not 100+ percent and they haven’t given any tangible reason for why they won’t fail yet.
Also the smaller the cap the easier it is to manipulate the stock.
Next week gonna be a war zone of volatility.