The most important roundup of news for AMC July 8 2021
- Opened at 40.95, hit a low of $38.76, and closed at $47.94 (+6.37%). It rose to as high as $49.74 in AH, ending the AH session at $49.13 (+2.48). Apes are showing remarkable resolve, once again proving that the selling pressure is entirely artificial.
- Wells Fargo is discontinuing personal lines of credit and will close existing accounts.
- Reminder: Jim Cramer is shilling trash. Call out his corruption whenever you can.
- The media admits that apes aren’t leaving!
- Genuine apes never post that “someone I know sold” because genuine apes know that doing so promotes negative sentiment, which is bad for morale. It also plants a subconscious seed in readers’ minds that “somebody else sold, so it’s OK for me to sell, too.” Therefore, anyone who posts about “someone else” selling is ignorant at best and a hedge fund shill at worst. Aggressively call it out whenever you see it!
- German apes fly a “To the Moon” airplane banner over Frankfurt.
- Short sellers lost $44 billion over 30 days, with AMC wreaking the most damage, by far, at $2.8 billion. AMC also finished second only to Tesla—which has a 25-times-larger market cap—for increased short exposure in June.
- Hedge fund managers’ worst enemy is an apathetic ape. This truth is truly true! Stay numb and dumb, apes.
- Shorts lost $800 million today.
- Hedge fund managers study Reddit! That’s a fact! They “scour social media and message boards to look for shares that retail investors are rallying around.” So, keep your transaction data to yourself!
- Institutions are gobbling up bullish options contracts!
Institutions continued to join in on the fun and purchased over $3.08 million worth of bullish AMC call contracts. Institutions have been hammering options contracts for weeks on the stock and don’t look to be letting up anytime soon. One institution chose a strike price of $100 and an expiry of July 16 indicating they believe another big move is in the very near future.