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CowboyStar88

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That battle today cost them sooooooo much money and we still closed over $55. It doesn't look like FTDs have been delivered either, so we will see what happens in 2 hours. We still have hope for FTD delivery for tomorrow. Usually, Weds are green for AMC looking at historical data, so this $60 mark means something to them and it's not the additional 66 thousand calls ITM. We haven't closed a trading session over $60 yet and it makes me wonder why? My theory is that is margin call territory.
 

CowboyStar88

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I am doubling down in my theory of $60. I believe this is margin call territory because of the amount of resistance. They wouldn’t fight this hard over 33k itm calls. It’s more significant.
 

Reality

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The best strategy for the institutions is to stop pushing it down for a while today to let it rise to $70-$80, then start a massive push downward.

The weak point for the retail investor side is that there are a lot of FOMO investors who are over extended or outright gambling with their money right now who would likely sell at the first sign of a decent return and rapid downward trend.

Fighting an inch-up, inch-down, inch-up, etc. battle keeps everyone in the game longer.

In other words, I would be weary of a spike today as it may be a decoy or setup to position the institutions to get it below $60 by close tomorrow.
 

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Looks like the institutions are going to live or die on the $59-$60 battle line.

It is hard to imagine how confident they can be to hold that $59 line with no buffer for the unexpected.

I am guessing they are hoping if they can just get through this week that it will push a lot of FOMO investors to jump ship next week which will make it much easier to drive the price back down.
 

CowboyStar88

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Looks like the institutions are going to live or die on the $59-$60 battle line.

It is hard to imagine how confident they can be to hold that $59 line with no buffer for the unexpected.

I am guessing they are hoping if they can just get through this week that it will push a lot of FOMO investors to jump ship next week which will make it much easier to drive the price back down.

We got to 63.35 and they hit us with a 2 million share dump on borrowed shares. They’re probably up to 2b today alone in this fight. Also they can only short on the up since SSR is in place.
 

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We got to 63.35 and they hit us with a 2 million share dump on borrowed shares. They’re probably up to 2b today alone in this fight. Also they can only short on the up since SSR is in place.
Some of the institutions have to have secret financial backers behind them to be this risky.
 

CowboyStar88

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There is something about 60! Look at this! We were up almost 63.83. Sure we’re getting some day traders during and profiting taking as to be expected, but they’re able to keep getting this thing down close to 60 with all the additional borrowed shares? They’re gonna clap last minute.
 

CowboyStar88

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Boom just like that under 60… The chart looks ugly from that ladder down attack. They spent a lot to get there.
 

Reality

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Boom just like that under 60… The chart looks ugly from that ladder down attack. They spent a lot to get there.
I really do not understand the reasoning behind their strategy unless its to demoralize the FOMO investors or to avoid the $60 calls, but I would have expected them to hedge/cover the $60 calls by now.
 

CowboyStar88

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I really do not understand the reasoning behind their strategy unless its to demoralize the FOMO investors or to avoid the $60 calls, but I would have expected them to hedge/cover the $60 calls by now.

I don’t think they hedged anything over 60. We have some good movement after hours now, so by 3:30 PST if there is any margin calls we might see it happen around there.
 

CowboyStar88

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Just saw tomorrow is triple witching day not sure if anything happens because of that. When we had the quad witching it was talked up to be something and it was a dud.

I don’t know how tomorrow is going to go, but the sentiment I’m getting is positive. Interesting enough it seems when we have a “red pre-market” we have a good intraday trading. Whatever happens it should be fun and the fact that we finished over $60 should bring in some fomo.
 

Reality

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Just saw tomorrow is triple witching day not sure if anything happens because of that. When we had the quad witching it was talked up to be something and it was a dud.

I don’t know how tomorrow is going to go, but the sentiment I’m getting is positive. Interesting enough it seems when we have a “red pre-market” we have a good intraday trading. Whatever happens it should be fun and the fact that we finished over $60 should bring in some fomo.
It will definitely be fun to watch tomorrow no matter how it plays out.
 

CATCH17

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I am pumped for the day.

Even the SEC took off today to sit at home and watch. Can't wait for this battle.
 

Reality

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If no squeeze/spike happens today, I am guessing the real downward push will come toward the end of the day as the institutions try to send a "we're fine" message in hopes of scaring FOMO investors to sell first thing Monday.
 

CATCH17

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If no squeeze/spike happens today, I am guessing the real downward push will come toward the end of the day as the institutions try to send a "we're fine" message in hopes of scaring FOMO investors to sell first thing Monday.

I see so many people that don’t understand that this is a squeeze play but I guess I’d be nervous too if I bought at these levels. (I’ve actually added at these levels but nothing to significant and my average is still low)
 

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Will it be below 60 at the end of market hours?
I expected they would push down hard toward the end of the day and that seems to be the case.

I am not sure the retail investors can counter them as I suspect the institutions still have a hard downward push in reserve.

It would be nice to see the non-shorting institutions and whale investors jump in on the retail investors side to help level the playing field.

In any case, I would not be selling so I really do not worry about what happens, but it would be nice to have the institutions lose the sub-$60 battle today.
 

CowboyStar88

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Been out of commission as I had Lasik done. Lot's to cover we are trying to figure out how they did not deliver any FTD's today they broke a consistent pattern today. There was also some DD done about PM being red leads to a green trading day which did not happen, also it broke the moon theory pattern as well. Anyways hopefully tomorrow we best 65 during the trading day so I can get my money back on my 59-60 strikes tomorrow, if not I am out 10k.
 
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