Come on come on, come on you just can't! You can't make this up guys. It's my birthday, i'm 24 years old, we're up 3.8 percent here in the pre-market lamp is freaking cooking with crisco. You can coincidence, i think not! Oh man. What is up everybody over the trade trades we freaking talk fast and slap.

The ask baby like your birth by saying i'm, not a financial advisor expert, so take what you say: the greatest self, let's get into the video. So today, my friends, my family, my fellow gorilla gang we're going to talk about ticker symbol. Amc here, give you a little bit of a morning. Uh chat.

I kind of want to talk about this prolonged effect that we've seen with amc stock. There's been a word. That's been tossed around quite a few times this pump and dump idea, even though pumping dumps don't last six months, but what the do. I know i'm just some 24 year old freaking, nobody in the middle of who knows where.

But i want to talk about why? I'm so bullish on amc stock, even at 61. i was asked on. I think it would have been cnbc right with melissa lee. What makes you think that this stock is going to continue to trade higher, even though it's at 61 right now? What's the bold case for this, getting a higher overall run, even trading at 61 bucks - and this is my two main arguments.

One shorts haven't covered in fact, they're freaking, doubling down, which is absurd, but i want to focus on that. We already know that i want to talk about the strength of amc stock right so think about this i've compared this before to a tesla sort of squeeze right now, if you look at tesla, let's just look at this on daily candles. Just to give you an idea of exactly what i'm talking about, tesla went through a long freaking short squeeze from. I would argue, march of 2020 all the way up.

Until you know, november of 2020, it went from freaking 58, all the way up to 450 and then all the way up to 900.. You can even argue that it's closed all the way up until january right. So this sort of huge humongous freaking bull run was a combination of a three. You know: facet sort of uh feedback loop, it was formal buying.

You had gamma squeezing and you had short squeezing right. All three of these things led to a year-long freaking run in tesla right from from freaking 50 up to 900.. Well now, you're seeing the exact same thing start to happen in amc stock right you're, seeing this very slow, freaking grind up to where we're treating right. Now, man, that is such a disgusting bull flag, look at this thing, but you're, seeing the exact same thing happen with amc stock right people will say on national news on mainstream media financial media.

This is the pump and dump, but i would argue the exact opposite. Just based on the way that this is trading think about this right. We ran up to 77 on june 3rd. That was already three weeks ago.

It's been a long time since we hit that freaking 77 mark and since then nothing, but only technical trading has been happening right. This is literally picture perfect consolidation. Now, last friday, some people were down in the dumpster because we ended up touching up pretty decently high up to almost 65 dollars and ended up closing off the day at 59.26. But i'm not disappointed in that the least bit because when you're in doubt, you've got to zoom out and look at the entire picture and the picture is this: consolidation consolidation is not bar coding.

Barcoding i'll show you an example of barcoding, meaning that you're just trading penny by penny by penny by penny, scalps back and forth back and forth back and forth. Sundial is an example of bar coding. This is exactly what barcoding looks like right: that's not healthy price action. What you see with the mc stock is this: this bargaining essentially back and forth, back and forth, back and forth for better prices in which people want to pay for the overall stock.

For whatever reason, my freaking weeble has been acting really goofy lately, but this is healthy price action. This is the consolidation phase. I've said this before i'll say it again right when you make huge rips, especially up to something like 77 from eight bucks, you have to have a cool-off phase right and we're in that cool-off phase. Right now, look at the rsi, for example, right when we ran up to seventy-seven dollars.

We were over 70 on the outside of the relative strength index, which gives you an idea of bullishness or bearishness overall momentum in a stock. We were over that 70 mark for a long time. I mean one two, three four five, six seven days in a row where it ran up almost a 70. You know plus on that rsi.

So we're trading right now back and forth in this consolidation zone is healthy. It's very, very, very solid, healthy price action. That's you know. This is actually really confirming what i you know stated a couple months ago, where i think this is going to be a slow grind up, like you saw with tesla, where you have this endless feedback loop of those three facets: formal buying gamma, squeezing short squeezing, where You'll have shorts that establish positions; they end up getting squeezed out.

They cover their positions, some gammas, you know some call offers running the money causes a gamma squeeze people buy the stock, it runs up, pulls back a little bit more shorts, established positions and then the cycle continues. It continues and continues and continues. That's what you're watching happen with amc stock right now now. Obviously, i can't guarantee anything, but the whole message that i kind of want to you know get across here with the way that this is trading is don't look at this so much on an intraday basis.

If it gets kind of difficult for you to watch the stock price and be like man, we were down three percent today. Five percent 10 just step away man just step away for a little bit and stop looking at it, because unless you've got call options that are literally expiring, that friday right you're playing those super short-term explorations when you're fighting, theta and you're really banking on hard moves. Each individual day you shouldn't be stressing you just shouldn't right, so you know kind of two takeaways that i've got for this video to wrap things up to get you. You know happy with this week getting geared up you're up almost freaking five percent right now in the pre market.

Is this it's good to have underlying stock? Because you don't have to worry about these intraday moves, because you know that eventually that end game that pull you know the goal post is gon na. Be there second thing: is this call options? So i made a series this weekend talking about. You know: options. Market makers, hedging, unhedging and a perfect gamma squeeze scenario with call options.

If you want to play them, what is the best way to play? Those call offs right: it's not to play those super short term explorations unless you're kind of just yoloing the play right. You want to play longer out exploration, so you're, not fighting theta or time decay right, losing value intrinsic value on your call after each passing day. This is just me, you do what you want to do. I'm not a finance advisor, obviously, but i think the best way to play call options is to give yourself a month, five weeks, six weeks, seven weeks to be able to truly capitalize on the intrinsic value growing as it slowly starts to squeeze up right.

Think about this with amc. What have we noticed is that this is not a it's, not a violence, abusive freaking, explosive run. That's just bam! It's done like you hit it, you miss it you're! Out of luck, it's a slow grind up right. So if you have far out call option expirations, you can take advantage of the fact that it's slowly grinding up and then when it makes its run and it consolidates for a while.

You can either aid a side to exercise a b sell. It buy more call options stock, whatever you want to do right, you're, just giving yourself more opportunities. So if you're going to play call options, you do what you got to do right. That's your financial financial responsibility, but if you're going to play them just think about it right the way this has been playing out the way this thing has been running the way it's been slowly grinding up to higher highs, higher lows continuously over time.

It's in your best interest with call options to let the true intrinsic value grow over time, instead of waiting for that slam dunk one day run that you might have on those weekly explorations, so we are sitting absolutely beautiful right now, my friends, i hope that you Guys are jacked for a light taps light taps absolutely beautiful week, because i think you are going to have one world five percent here in the pre-market, and i think it's only going to get better from here. That's what i've got for this video, so blah blah. I know there's people dropping like inside subscribers. Everyone do my friends by the way.

Last thing: uh. 64. - that's 63. 64 range, i'm telling you we get clean break through that 70 bucks.

Is that next level? So that's what you're watching for neckline break you get that neckline break my friends and you're looking at something absolutely filthy! So that's what i've got for this morning: video catch y'all in the next one, much love light, taps, light, taps, baby and peace.