i still think there is hope for dogcoin. a lot of people are waiting on robinhood bank verification. it's staying at a 0.5 floor level but i suspect that we'll be seeing spikes over the weeknd or early next week.

reuters.com/article/us-amc-ent-holdg-silver-lake-idUSKBN29Z00E
what does this mean for us

Hope amc gets crazy by Wednesday

I’d pull out at 50k tho I won’t lie.

50k?

Yeah. Kinda went crazy with it

Robinhood limiting buying AMC to one stock

What are y'all guessing amc will open/close at on Monday

Anybody holding dogecoin ? Might have to buy some Bitcoin tbh

Holy s***

From
The coli (not financial advice)

Let’s break this down for everyone who is worried or wants to know what to expect in the coming week:

AMC current status (30JAN2021) : AMC has 44.6 million shorted shares and a grand total of 52 million shares. That means 86% of shares are shorted (by hedge funds) and 14% are being longed (all of us)

Now what everyone is waiting for is when shorted shares expire and they (hedge funds) have to cover what they bet on. Keep in mind not EVERY share will expire on Monday. So we MUST hold beyond that.

Today’s target (1/29) was to beat $8.63 (what hedge funds were betting it would be come Monday) and we did that closing at $13.29! AWESOME. This short will expire in 0.5 trading days (Monday)

So Monday when they’re forced to cover ($8.63) they will have to buy it at its current price to cover their bet. Raising the price up even higher.

But this isn’t even the best part. All of their other shorts are SIGNIFICANTLY lower. There are 9 different short stocks between $1.98-$5.96. Some of those shorts are 1.9 days away (Tue) 2.5 days (wed) 3.2 days (Thur) so the longer you hold, the higher the price gets and the more they have to cover.

Over the next few trading days it is going to be a vIolent squeeze. We are at the starting line of what GME did. Hold your ground. Gains Monday are inevitable. But the gains on Tuesday-Thursday will be much higher.

Short squeezes are historic: and to give you an example Volkswagen had a 46% short at $6 share price which squeezed to $110 a share back in 2008. And, who can forget our grand-som GME?

AMC is at 84% short at $13 The percentage is significantly higher and there’s a lot more room to grow. On the high end we’re talking the possibility of hitting $150-200 a share if everyone is smart and holding until Thursday.

HOLD

Buy more on Monday if you can afford it because it’s going to violently rise

Enjoy the ride until AT LEAST Thursday evening when all the shorts expire and the price is at it’s highest.

^ not financial advice

Robinhood uses the "custodian model", like Plus500 and others (including some in australia). They have lower fees, look cool, but they own the shares. Not you. So if they go down, you lose it all. They protect themselves and all the people using them by stoping the GME madness. If Robinhood had gone to s***, then everyone that trades with them (regardless of whether they bought GME or not) would lose it all because Robinhood owns the shares. This is what the custodian model is, and this is why, although dodgy (maybe illegal), what Robinhood did is not crazy. After all, it's their shares.

So trade on a legit platform, and you won't have to be in that bad situation.

^^Found someone say this on reddit not sure how accurate it is but i found it interesting

I don’t know who needs to hear this but hold p****

Synops might be on to something.
reddit.com/r/CFA/comments/l7swz0/man_behind_gme_is_a_charter_holder

everyone should stop using Robinhood imo.

I’m long in some positions already in the app but all my future trades will not be on Robin

Grab p**** ?

My gf got a share from like a year ago, should she just sell it?

i have 350 in $amc

100%

Nice! Got 300 shares myself right before it closed yesterday

what the projection for amc now that it closed above $9 on friday?

A squeeze that could last til Thursday or Friday.

Forbes predicted it could get to $40 or $100

let's go! i panic sold half of my shares when it hit $7 but i picked up more on friday, will re up on monday. im a f***ing idiot for that.

Wtf