The most important roundup of news for AMC July 2 2021
- Previously unknown “Iceberg Research” arrives on the scene with a fresh helping of hot, steaming, hedge fund-orchestrated bullshit. Apparently, any shadowy, non-U.S. figure with a shitty blog can publicly announce a short position to artificially and illegally attempt to crash a U.S. stock, but isn’t obligated to substantiate his position.
“Vagner . . . declined to reveal details of [his] firm’s short position.”
Yeah, sounds legit. This fuckery will get entirely dismantled over the 3-day weekend, and I expect to see a big bounce on Tuesday.
- Volatile day due to outlandish, over-the-top fuckery by hedge funds and fly-by-night “Iceberg Research.” AMC opened at $52.77, hit a low of $47.77, and steadily rose to close at $51.96 (-4.34%). As Iceberg’s illegal FUD campaign began to thoroughly unravel, the price continued to rise to as high as $53.15 in after hours and ended the AH session at $52.90.
- See how easy it is—albeit, in jest—to make fake claims? Bravo, “Titanic Research”!
- Ice apes laughed at the fuckery and bought the dip with championship-level retardation! AMC was the most-traded stock in Fidelity’s platform, with buying greatly surpassing selling by a margin of 2-to-1.
- Research indicates that “Iceberg Research” is using a fake, virtual address with no physical presence.
- “Sell-Offs for Dummies: 3 Simple Steps to Faking a Sell-off in Only 3 Minutes”
STEP 1: At exactly 10:02 AM, EST, Iceberg tweets that it’s shorting AMC.
STEP 2: At 10:03 AM, EST, StreetInsider is already reporting that Iceberg is shorting AMC. (For the link, I have used the Google cache version so that any attempt by StreetInsider to tamper with the date/time will only serve to further solidify its guilt. Here is the original.)
STEP 3: At 10:04 AM, EST, hedge funds start illegally ladder attacking AMC to fake an “ape sell-off,” dropping the price from $51.10 to $47.77 by 10:11 AM.
Of course, Steps 2 and 3 are impossible without preconceived collusion. Yawn. Just as they did yesterday, Apes bought more because sell buttons are stupid!