/biz/ - Business & Finance

Why the AMC squeeze hasn't happened yet:

Take a look at this link ( https://iborrowdesk.com/report/AMC )and scroll down to recent data for AMC. Borrowing fees (meaning the rate at which the hedge funds have to pay to short the stock) have risen from 3.2% to 21.9% in the past day. This is a dramatic increase. However, that's only the beginning. This is GME's borrowing rates and available shares to short: https://iborrowdesk.com/report/gme

If you look at GME's borrowing rates, the last time they were at 22% was 1/21/21 (6 days ago). 5 days later, the borrowing rates SPIKED up to 83%. This was also the same day the GME squeeze went crazy from 90 -> 300. As Martin Shkreli said, keep your eye on the borrowing rates, not the short interest. The borrowing rates make the hedge funds nervous and is ultimately a huge factor for them having to cover. Covering leads to squeezing. I predict a similar, though not as significant squeeze as GME for AMC. This is something to keep an eye on.

Shares available to short for AMC has also decreased from 10,000,000 6 days ago on 1/21 to <200,000 as of close, meaning the hedge funds are getting greedy as fuck trying to make us lose!!!

Additionally AMC is better off than it was during the pandemic. Their bankruptcy concerns are completely off the table with a billion in funding. They are also a very low market cap at 4B, meaning there is much bigger potential for their price to increase. Movies are not fucking dead, mark my words. AMC is due for a HUGE rally. There's room for both squeezes, lets fucking go boys.

If it's ONLY at $30 tomorrow people are going to be buying a lot. All the news stations are hyping this thing up far beyond Gamestop

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What did she mean by this?