AMC bound for 1000? This can't be real.I read the following from Yahoo is now a part of Verizon Media
109,000,000 borrowed shares. These will need to be covered by hedgefunds themselves (and not Market Makers through option calls since the new DTTC rule is being enforced).
- 50,000,000 option calls that ended in the money will need to be acquired by Market Makers.
- Around 100% utilization rate. Meaning there are almost no shares left to borrow (some sites indicate only 350 000 left).
- 12.20 % short interest being paid by Hedgefunds on the shares they borrowed as long as they do not cover.
- Reports of naked short selling (Hedgefunds selling synthetic shares that means creating shares that do not exist to further dilute Amc’s stock price), the quantity here is unknown.
- Thursday March 11th, final date to account for all the shares owned by investors in view of the May 4th stockholders meeting. Hedgefunds need to fix the mess they caused by March 11th or enter into unchartered territory.
- If nothing is settled by March 11th, the quadruple witching on Friday March 19th is the big quarterly equalizer, all needs to be resolved by that day.
- Long Retail investors and Long Institutional investors all holding and buying more stock daily.
- AMC CEO wanting to get back at those hedge funds who have been shorting AMC stock from the beginning.
Tell me knowing all this (and more) how is AMC not bound to reach 1000, 1500, 2000 etc. ??