Quote:
Originally Posted by -King-
The main point of it all is that hedge funds would rather buy AMC stock for thousands in the "dark pool" and lose money that way than allowing the squeeze to happen, right?
...that makes no sense.
Dude thinks the true price RIGHT NOW is in the thousands of dollars per share but the hedge funds have manipulated it all the way down to $30. Really? He's also the guy who won't sell until the price reaches 500k so I don't think he's the most rational mind when it comes to AMC.
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If they're desperate enough I could see them buying high/selling low to keep the price down, to try and buy more time to get retail investors to sell.
The 500k price thing is ridiculous though, I wish people would stop saying it because it's hurting the cause. I get their point, if everyone holds it could theoretically go that high barring a complete bankruptcy of all the shorts involved and/or government intervention...but no way that will be allowed and there's not enough money in existence for it to happen anyway.