I am a fellow Ape and I have a question about the AMC squeeze. There are 143M shares held by institutions. Institutions are in the game to make a good return on their position, not because they are fighting Wall Street injustices and wrong-doings. What happens if the AMC squeeze starts rolling and throughout the upward rip, the institutional shareholders sell a significant portion of their shares (allowing the shorting hedge funds to cover)? Could this institutional selling action potentially leave the Apes holding the bag after the squeeze is over? As you know, many Apes say they are holding until it hits $1000 or $5000 - which means they’re going to moon, or bust. I am not a shill - just a curious Ape from Canada who loves AMC.
The lack of responses to this question is pretty telling. Nobody knows what the heck is going to happen when the squeeze happens.
To say you do know what is going to happen is pretty foolish IMO.
I will say that I have my doubts that when AMC starts ripping up there aren’t massive sell offs way before $1000 or $5000 that will make it very very interesting for those that plan to HODL to the moon.
I believe with the amount of fomo and with retail investors holding 80% of the float mixed with all 21 hedge funds having to cover their short positions, we’ll see a dip when the big institutions sell off but it will quickly be bought back up. Plus think of like this, why would institutions still be buying and holding AMC if they didn’t know this was going to be big. With the amount of crap we’ve been through with the manipulation they’ve also been through it. No one is selling for pennies