AMC May 23 Timeline

The most important roundup of news for AMC May 23 2021

  1. On this glorious Sunday, crypto is getting crushed once again.  It’s painfully obvious that hedge funds are in dire need of cash to cover their illegal, naked short/synthetic shares and legitimate short positions in AMC.  Borat:  “Very excite!”
  2. Kevin O’Leary says that apes now have the power!
  3. L.A.M.B.O.H. = Let’s All Make Billions Off Hedgies
  4. A new consensus is developing among apes regarding the tremendous advantage of using “Buy Stop” (a.k.a. “Buy Stop Quote”) orders.  Since a buy stop order triggers the buy only when the stock price comes up to meet the target price, it creates buying pressure that makes the price per share go up.  The opposite is true for a “Buy Limit” order, as the buy doesn’t trigger until the stock price goes down to meet the target price, which creates selling pressure that makes the price per share go down.  Merrill:

A buy stop quote order is placed at a stop price above the current market price and will trigger if the national best offer quote is at or higher than the specified stop price.  Once triggered, a [buy] stop quote order becomes a market order, and execution prices can deviate significantly from the specified stop price.

IMPORTANT:  Do not confuse this with a “Stop Loss” order (bad for PPS).  The purpose of a stop loss order is to mitigate losses and/or protect gains by way of triggering a sale when the price per share drops more than a predetermined percentage or monetary amount.  That creates selling pressure, which is very bad.  Conversely, a “Buy Stop” order (good for PPS) triggers a buy when the price per share rises by a predetermined percentage or monetary amount.  That creates buying pressure, which is very good.  This can be a game-changer if widely adopted by apes.

Information and Timeline provided by u/AgedMurcury78 in his amazing Ultimate AMC Timeline document.