Instead, day traders on r/WallStreetBets turned GameStop into a "meme stock," driving up the value of GameStop's shares, creating a massive short squeeze, in … As one poster on r/wallstreetbets put it, it’s “a tug of war between tradition and the future” that has gotten really personal. Millions have used Robinhood to make commission-free trades, and it’s a practice that has become popular during the pandemic with millions stuck at home. Wall Street has been watching GameStop in awe as a band of Reddit-obsessed retail investors managed to push the stock up 1,500% in two weeks, squeezing out short … During pre-market trading, AMC was up more than 400 percent at one point before opening up more than 250 percent. Shares of AMC rose $9 on Wednesday to nearly $15, and are now up 600% in the past month, despite the fact that most of AMC's movie theaters remain … Reddit . Short squeeze explained: Why Gamestop jumped 130%, AMC Entertainment shot up 300% The unprecedented rally in these stocks is a result of an extraordinary frenzy among retail traders, as they organised on the message board site Reddit to push up the share price. 3 days AMC, Short Squeeze potiential. This online trade game also has real life consequences. After AH trading today, the only call still OTM expiring this Friday is $9c. ... and watched traders collaborate and short-squeeze … Reddit posters make millions on GameStop's wild stock ride ... of the many posters mentioning AMC on the group's Reddit forum Wednesday. The Reddit mob has cost Wall Street professionals a ton of money. AMC Short Squeeze Is Absolutely Possible to and Here is Why 1,316 points • 348 comments • submitted 46 minutes ago * by SnooWalruses7854 to r/wallstreetbets 3 2 & 8 more I'm not a financial advisor I have positions in AMC and this is not a financial advice. its possible we see similar action on AMC (not as high due to only ~69% short interest compared to GMEs ~138%) but big gains could happen in the next few trading days if buy volume increases. Thousands are buying into the idea of pummeling Wall Street professionals, and they’re using Reddit, Discord, Twitter, and Twitch to sell more people on gaming the system. AMC is $.75 away from a gamma squeeze this Friday. Short squeeze explained: Why Gamestop jumped 130%, AMC Entertainment shot up 300% The unprecedented rally in these stocks is a result of an extraordinary frenzy among retail traders, as they organised on the message board site Reddit to push up the share price. I read the DDs on a certain subreddit about their consistent revenue growth etc. 2:03 ‘Short squeeze’ results in sharp rise in share price for video game retailer Gamestop The New York Stock Exchange briefly paused trading on GameStop and AMC … SHORT FLOAT % IF YOU DONT KNOW WHAT THIS IS LOOK IT UP. I know AMC has a relatively high SI % float, but with the unfolding of a certain stock . Day traders belonging to a Reddit group continue to squeeze short-sellers on Wall Street by vacuuming up even more stocks that are expected to fail, including AMC… Nokia, BlackBerry, and Bed Bath & Beyond are also seeing stock rises that are likely linked to this Reddit group. A gamma squeeze is what truly kicked off the short squeeze for GME. Costly short squeeze makes Reddit required reading on Wall Street FILE PHOTO: A street sign, Wall Street, is seen outside New York Stock Exchange (NYSE) in … A lot of the people in my trading community are telling me that AMC is going to be the next gamestop. Is it worth it to still get back in with this recent run-up? Anthony Russo 18:10 PM. A Reddit mob sent its stock more than 200% higher ... hoping to squeeze short sellers that have been ... and is a favorite stock of short sellers. This time they have flocked towards the debt-troubled movie chain AMC Entertainment (NYSE: AMC). By using our Services or clicking I agree, you agree to our use of cookies. Well its time to take these shorties on. It appears #Leawood-based AMC Theatres is the latest target of a #socialmedia push to create a short squeeze. ... and watched traders collaborate and short-squeeze … AMC wasn't exactly a … The move caused #AMC's stock price (NYSE: AMC) to soar more than 300%. Press J to jump to the feed. The vast majority of Reddit investors are young and see hedge funds as the old school controlling stocks and shares and bullying companies into administration through their positions. (Assume larger hypes), Where do you find the typical short interest statistics? Update, January 27th 11:50AM ET: Article updated with information on other stocks seeing boosts. A gamma squeeze is what truly kicked off the short squeeze for GME. Let's do it. Grab Hisense’s 55-inch 4K TV for $480, Sign up for the AMC shares were up by 265 percent Wednesday. Hundreds swarmed rapper Soulja Boy’s live Twitch stream in a failed endeavor to get him to tweet about AMC. AMC share price: How AMC Entertainment stock value was driven up by the Reddit GME ‘short squeeze’ The Reddit community which sent GameStop’s … Ah yes thanks,, i forgot to add abt the gamma sq! Don't hesitate to tell us about a ticker we should know about, but read the sidebar rules before you post. @irsh An epic short squeeze is usually summarily defined as a transfer of wealth, usually to old longs or insiders. its possible we see similar action on AMC (not as high due to only ~69% short interest compared to GMEs ~138%) but big gains could happen in the next few trading days if buy volume increases. Well, WSB and now other amateur investors are going after those short positions, hoping to induce a similar short squeeze. Read our full explainer on how Redditors are gaming GameStop stock. I bought this stock at $2.22 two weeks ago and sold a bunch of shares a couple days ago thinking there was no way the run was sustainable (I'm new to stocks). AMC share price: How AMC Entertainment stock value was driven up by the Reddit GME ‘short squeeze’ The Reddit community which sent GameStop’s share price to the moon is … Reddit’s GameStop traders turn their attention to AMC stock, Here are the best AirPods deals you can get right now, These great-sounding Master & Dynamic earbuds are $80 off at Best Buy, Don’t let their oddly shaped design fool you — these are comfortable earbuds, Thursday is the last day to get Samsung’s Galaxy S21 preorder perks, Vizio’s 75-inch P-Series Quantum X 4K TV is cheaper than ever, It’s priced at $1,600 at several retailers, $400 off its usual cost, Vizio’s midrange 65-inch 4K QLED TV is $600, Need something a bit smaller? AMC is today's GameStop. Reddit traders who have successfully profited off GameStop (GME) stock are now turning their attention to struggling movie theater chain AMC. AMC Short Squeeze... Stocks. AMC Entertainment more than triples as it moves into full short-squeeze mode Jan. 27, 2021 8:22 AM ET AMC Entertainment Holdings, Inc. (AMC) … WallStreetBets: The Big Short-Squeeze (GME, AMC, & BBBY) - January 27, 2021 - Zacks.com Finally cashed in today at a few hundred dollars before AMC drops again. It works by targeting stocks that have a high amount of short selling attached to them, which is why GameStop and AMC are great targets after struggling through the pandemic. First of all, I find it ABSOLUTELY FUCKING RIDICULOUS that brokerages stopped the trading of deep otm calls for AMC. Because i want to start tallying up the most talked about stocks each day and that makes it easier for me or a algo to tally. There are 85 million shares in issue, with a massive 38 million short interest. Insiders 22 million shares were worth 110 million for most of 2019 and later. Given the smaller SI % whr do u estimate it to be post gamma squeeze / post short? May buy more shares at its low. It’s part of a chaotic, meme-fueled effort to create an organized short squeeze, and force traditional hedge funds into losing millions of dollars on their bets against struggling companies. Reddit board r/wallstreetbets has helped push GameStop stock to record levels in recent days, with the stock closing up 92 percent yesterday alone. its a self feeding loop if it works out correctly, GameStop is close to 300 dollars now (based on the price on the german market), so the 300 calls will probably end up being in the money also. WallStreetBets and its 3.1 million followers are fighting back against short-selling hedge funds and winning. The stock hasn't even broke its high from 2018 and still has ways to go to be at all time highs. At one point in an ongoing Discord call — with dozens of participants shouting profanity and racial slurs — traders thought Elon Musk was on the call. AMC once used to be at $35 but is now at $3.5. 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