Interesting, oh, it did not push live. I thought i did. Oh we're live okay, so now we're live all right. We're cooking! Now we're cooking! Now my apologies guys my apologies, but welcome back to the traders podcast.

I apologize that took some time to get rocking, but we are back here again uh for some more live amc price action. I've got to configure the screen here, it's being it's being all goofy. Give me one. Second, it's recording my uh.

My uh youtube live situation here, so i got to change the display capture to i think the we need to change one of these up. I can no it's totally just the way i configured this, it's being all goofy, so we're going to change this over to the restream live streaming. Real tech, gosh dang, it dude bob saget it shouldn't be this difficult should not be this difficult. My apologies guys.

You have to bear with me here. I think what i'm gon na be doing is just keeping the obs down here in the bottom corner, and that should work out fine. So let me know if you guys can all see this okay, that should be working out. All right um, but we're just back here - we're gon na be watching some live amc price action.

If i had three monitors this would be a piece of cake. I only have two. I only have two. That's the issue here.

Uh everybody can see this. Okay, i'm just gon na check in on uh the the actual live stream itself. I'm just gon na click on here and make sure that it's rocking and it does look like we're good we're good to go so i'm gon na have this live stream pulled up right here. On my other monitor, so i can watch the comments.

Rolling in looks like we're good all right so now i have to reintroduce you. This is max max uh is a vivid uh, amc and gamestop lover, absolute magician in terms of entrepreneurship, great to have uh great to have him here on the podcast and i'm actually joining him over on his as well. So we're cooking. You got to catch me up with.

What's been going down with amc, i was at uh. I was doing some training as you guys, as you already knew. I was getting my my inventory for uh the field and stuff, but we're back in business. So everybody in the comments - let me know if you can hear this okay man, it should be good rock on good stuff.

All right, so amc uh looks like we. We peaked this morning at just under 11 bucks and then, after that, it's just been absolutely chaotic. Up and down up and down, i don't even know what what you would even call. You know this price price.

Actually i know you like your george w's and stuff. We got like a curse. You know what it is. George w george washington written in cursive right now.

This is some filthy cursive. Writing. It's actually looking bad right now, man i'll tell you what the charts are looking like we're finally broken out of this downward channel, so we hit 11 18 right before the belt. For what i'm seeing, we had a descending level of resistance, decent level of support and what ended up happening is we broke out of that so we're back in some bullish territory? You know not macroscopically per se, but we're finally training a little bit sideways so that that's that's a good thing.

Volume is nuts like that. First minute of volume, i don't know if you saw that max 53 million total shares in the first minute. That's insane wild! That's absolutely monstrous, i mean so far today. We've only been rocking for about an hour and we have 186 million in volume, which is ins.

That's the same number. That's crazy! That's absolutely nuts! So it's good to see that first minute of trading 17 million in volume, 17 million - look at this that's dirty! So far, today gamestop has seen 41 million in volume as in comparison to yesterday. It had 67 million for the entire day. So that's monstrous gamestop is uh gamestop's, not looking bad.

It's yeah i'd be willing to bet that uh. The average daily volume for gamestop six months ago was probably less than 17 million. Oh yeah, no we're near as much nowhere near as much i mean we could just check right now. Look at the daily the daily candles yeah, nothing even close to that you're, seeing maybe 2 million in a day, 4 million in a day, and that was before the squeeze.

Even you know, started so back when i was trading at 3 bucks. You know 3 million a day was pretty standard, which is not a lot of volume in comparison to what we're seeing right now. Monster numbers man, the position at gamestop ramsey right now. Are you still rocking your amc, yep yep? I got both my game.

Stop position. Is very small i have one chair, oh okay, sure i wanted to be a part of it. I hear you yeah man, i uh. I actually don't even have a position at gamestop i decided to rock with uh with amc.

I wanted to double down on my convictions there, because i actually see some solid long-term potential in amc. If worse comes to shove, you know what i mean um right. I think there's some good things that could happen there. So it's gon na about an extra 800 or no 100 shares.

Yesterday at 8.25, 825 bucks worth okay, yeah rock on man. I bought some more today too. That's the move, that's the move! You got ta! You got ta contribute to the cause. I i feel like if i'm gon na be preaching this.

You know you got ta, you got ta at least uh show up show up to the start line, and i i really feel pretty good about where this is at right now so um, you know what a gamma squeeze is yeah, like the call options, thing and Yeah man, so the gamma squeeze potential here is insane so like the options that are gon na expire in the money potentially on friday could be monstrous like between five dollar strike and eleven dollars. There's a crap ton of call options: we've got, i mean this. I think this morning, when i crunch numbers there's like 190 000 that could potentially expire in the money which would be you know a huge gamma squeeze potential on monday, but now i think, there's even more than that. Just looking at this i mean there's 61 000 alone at the eight dollar strike, which is insane.

So all we do is close about eight bucks, those expire in the money you know, which is astronomical for monday's price action and uh yeah. I don't think that's unfeasible at all, obviously we're at 10 bucks right now. Definitely man, it's uh, i'm just pumped i'm so pumped man. I mean you've been covering amc too, so i'm sure you've been hearing a little bit about it, but um.

It was a rough month that was a rough uh. It was absolutely there's a lot of highs and lows. I i i never was crazy heavy into it, but you know i bought like three thousand dollars worth or something, but that turned into fifteen hundred bucks uh fairly quickly. I bought it.

You know i i rode the way from 11 up to like 20 and then down to five. Definitely yeah, oh god, when i got down to five bucks. I i got some interesting, interesting tweets and messages on stock, twits and emails right dude. You screwed me blah blah blah, but i'm telling you the numbers are what the numbers are.

Man we've been we've been talking about this back and forth, and all it took was the volume it's just what we were both kind of talking about, and we finally got it now. So it's it's, it's potentially gon na happen. I think i feel good about it. It's uh, it's gon na, be incredible, i'm just pumped i i shouldn't be as excited right now, but i've got like adrenaline pumping through my veins.

Are you rocking an energy drink and a coffee at the same time sit for sip? We don't need to talk about that man. We need to talk about that. I my uh my subscribers on my channel. I always get mad when i, when i drink these, but i got like two hours of sleep last night, so today's an exception: we're gon na put an asterix by this yeah.

That's right having both isn't that that crazy, but doing them one than the other is a little bit crazy. Yeah man, you know what it didn't happen or then it didn't happen. Orange dreamsicle, dude, it's the it's, the flavor, that's uh! I love orange. That's it tastes.

Like a push pop, you ever had those in your kid. Oh yeah, oh yeah, it takes me back takes me back here, but, as things are looking right now with amc, i'm just going to take a quick peek at the the volume here. We're still seeing really solid volume so like per minute yeah, you know between 500 000 and a million shares, and i don't mind that we're trading at 970., like i expected a pullback at market open to some extent. Honestly, my only regret is that i i didn't wait to purchase and i bought another 90 shares this morning and i was gon na.

Do it at the market open, but i didn't know how long this this inventory stuff would take. So i just got out of the way just by the off chance. I was there for like four hours. You know um, and here we are so it's uh.

It's not looking bad we're consolidating now and consolidation, typically favors bullish territory. Uh 15ma is trading about parallel to the 200 ema, which typically also means consolidation. We've got a little bit of a wedge pendant formation happening right now, so there's tightening and squeezing down a price action which uh, which typically is bullish if it continues because to uh consolidate. So that's that's pretty insane.

I feel i feel so good about where i was sitting right now. That's awesome i could so i can show my chart. I don't know if you can see my screen right now, yeah totally, i'm sharing my chart on my stream. So we're cooking we're gon na go perfect.

Perfect. Definitely, have you seen the the short numbers from this morning, the the fintel numbers? No, i didn't. I saw your uh well. At least i saw the title of your video, so you can.

You can fill me in on what's going on there man, so this morning i had some people drop it over my discord. They saw that on fintel at one point there was 10 000 total uh short shares available, which is nothing that is like pennies. That's, that's! Not a lot of short shares, which is absolutely crazy. Uh, i'm gon na check it right now, just so that i can kind of give you guys an idea of what we're looking at, but it was pretty low um.

So, according to fintel intel's got it at as of now 200 000, which is still nothing in comparison to the float. So uh there's a lot of shorting happening here. Guys it's it's great! That's it yeah! That's it! What's the total short interest do we know? So i could take a peek at what marketwatch has available. That's.

What i found has like the the most relevant information, but take it with a grain of salt, because i've seen different numbers, literally everywhere um according to market watch. I got ta go back here there. We go short interest, so short interest. According to marketwatch uh we've got 1.885 million shares as of the 12th of february 2021, compared to a float of 2.34 million.

80 float short percentage, 80 percent insane. It's the leading shorted stock in the market, according to market watch. Take that with a grain of salt i mean who knows who knows if that's right or not, i've seen these numbers so different literally everywhere, you look, but that's a huge number insane. I'm just updated in front of me you're crazy.

All right, let's go it's so crazy. How how much that varies, because if you look at like high short interest dot com, it's not even on the list, amc is less than percent. So it's like these numbers are so chaotic all over the place. Dude, it's not even on market watch anymore where'd.

It go. Huh game stops here. Game stops at 30, apparently 16.4 million out of 54.4, but amc disappeared. Well, it was there that yesterday you can check my video.

I definitely talked about it, but the numbers they're they're. They were crazy, it's uh, let me see what orthx has to say or text is usually pretty good. I can say the overall utilization, i'm not sure how many you know. Total short shares are available for amc, but it'll tell you how many of them are being held, which is pretty huge, so ortex says that out of 100 utilization uh meaning if you had 100 short shares available, 93.25 of them are currently being held, which is a Lot so only 6.25 percent of uh legal anyways short shares are available for trading, which is a pretty huge, uh huge indicator.

To me, i think that's monumental yeah yeah. That is huge. One thing we saw with gamestop um. You know like a month ago when things were absolutely crazy is there was no available shares to short.

So then, when the price hit, like 300 350 bucks, some shorts covered, their, you know cover their position and then that allowed some others to kind of eke into those positions and just doing the thing. But then the price went down and you know people were shorting. It on its way down and i'm sure there were some shoulders that made bank on that, but uh but yeah, it's crazy dude. You can guarantee there's uh some big institutions kind of sitting on the sidelines waiting for shares to be available.

Oh you, you have no idea, man, oh you probably do you probably do i uh on my channel. I've been talking about this for a while. It's you got a smart mind. Man, i'm telling you what we're both taking the same thing.

Institutions are 100 going to step into this long. We've already seen some do it um. There are five institutions that bought into both amc and amazon on the same day, uh between the 12th and 13th, which is pretty crazy, and if i just check what market beat has to say, i think it's market beat that had it. There was some some big big uh, big players that stepped into this institutional.

I could never spell on my keyboard, god i suck at this um according to market beat the last two days as of today. Actually, we had some more institutions step in so we've got hsbc holdings plc stepped in with 192 000 shares uh. Yesterday we had virtue financial stepping with 600 and 1 000 shares that was reported that day, so not necessarily that they bought that day, but at least we know they're holding and they would update if they sold as well 23rd. We have principal financial group with 215 000 um lmr partners on the 16th bottom, with almost a million shares which is huge, and i think charles schwab, by 1.77 million - and that was reported on on february 16th.

So wow, it's it's happening. Man it's happening. This is gon na be cut throat. It's actually pretty crazy.

I think there's gon na be hedge funds that end up getting burned bad on this, whether it's long or short, who knows, but it's gon na, be crazy. It's gon na be crazy, so uh we have someone asking here if your resistance targets changed at all with uh with amc this morning, resistance targets, so they kind of change minute by minute, microscopically speaking, if we just look at uh how the chart's set up right Now i know you can't see it on your your stream. I apologize on my stream. I've got the chart pulled up.

Um we've got a descending level of resistance right now kind of squeezing down you're looking at about 990 for a break. So if you push over 990, you can kind of see it on your screen right now so like just if you draw a trend line from the top of that that uh, that kind of mountain back there that uh it'd be by 10 15 a.m around. So the one to the left there you go, i don't. I don't think i have the trend lines activated here on mine, okay, uh.

How do we i don't know how we do that you've got uh. So if you go to the little draw symbol, a little pencil you can draw in a trend line from there. Okay and then you just want to draw on a trend line yeah. So you want these three touch points we get that and we've got that descending level of resistance, you're looking at like 9.90.

So if you push over, i would say 990 or so you should see a pretty hard run as long as the volume backs it up. Right, i should probably come back to uh to my stream and just make sure that uh - because i haven't been checking these these uh super chats or anything at all. I apologize to everybody here. My apologies guys this is.

This is new to me max, i'm, not a tech whiz you've got me, beat you're gon na have to teach me how to use that uh. Oh, what the switcher i'm gon na have no idea how that works. I'm gon na be honest. Once you once you're used to it, it's automatic okay, rock on yeah.

That's what allows me to do this sure all right, so i'm going to come over here to some of these super chats. I just don't want to be rude to everybody. I feel bad when they uh drop these. So thanks to uh carl can't the short chairs be replaced by others in the hedge funds.

Can we know if it's hedge funds, who's holding the shortage, shares or civilians like us? That's actually a really good question um. I don't think justin schmidt thanks for stopping in man thanks for stopping in i, i always like seeing everybody in here but um. That's an interesting point because i do think we've got retail investors that have stepped into this short. What do you think max? Do you know if there's any way that we can see for sure whether there's there's institutions or retail investors that are shorting the stock? Now that's a problem with shorts in general.

Is um, there's just not there's very little visibility and that's what they talked about that in that uh congressional testimony that needs to be fixed yeah, it's it's! The head of uh melvin capital is like well, we don't have to report it right now. If you guys change the laws, we'll start reporting it, but you know man. I i think you're gon na see some changes here. I'm actually pretty interested, i think uh.

I think you're gon na see a data availability is gon na have to change so like fintel, for example, uh. If you just look at fintel, their information is so varied, like i think it was you that pointed it out to me um that they take just the short interest from like certain exchanges, but they take the overall volume from all exchanges. So like excuse, the number percentage which is which is crazy, like how could how does that make any sense at all? You know so like i think the the accountability is really going to change in terms of you know this situation, and i know that collateral is going to be a big big, big, big difference as well like clearing houses without taking three days to clear funds, yeah That makes sense whatever yeah dude it's insane. I don't think i don't know if anyone's have having issues uh today with robin hood, buying or selling shares, but i mean there's, obviously a lot of volume going on.

So i wonder if that's gon na happen again, i i wouldn't doubt it. I mean i think vlad is gon na, be a little bit smarter this time around. I think he doesn't want to be in a situation where he got hit hit with the bat two times in a row. That'd make him look pretty freaking bad, so i just hope.

Not i guess, we'll wait and see, looks like the volume's starting to pick up here. We just saw 1.77 million shares in that last minute, so the volume's starting to pick up a little bit, it's getting a little more volatile. So we got a break beneath that ascending level of support, like i mentioned that pennant uh, and because of that the volume sort of followed. So we got this downward trend, it didn't break up, so we might see a little bit of a sell-off.

I saw somebody ask about a good entry point on an amc here today and, as of now, it looks like 920 is, is probably between 920 and 925, probably the best entry point. If you're looking for one, my two cents advisor in the last minute was 770 000 as well. That's crazy! When you consider how expensive gamestop is. That's that's nuts, it's seen almost as much volume as amc right and their available shares is so much lower.

Oh yeah! It's uh. I i think today is going to be another slam dunk day in terms of volume. I think we're even going to top yesterday's volume. Oh yeah, i think so too yeah gamestop only has 69 million shares outstanding jeez.

That's that's not a lot. It's not a lot, that's not a lot. Um shoot. I had something i was gon na say i forgot i'm so amped right now.

Dude i've got like i feel, like my arms are buzzing. I've just been waiting so long for this. You got ta. You got ta excuse me max.

I know you're the chill guy, i'm kind of like the the hyper hyper dude, but i'm just getting pumped right now. This is so cool here we go question here. We can both kind of give our opinions on people asking why the amc and gamestop charts are trending. You know i have my opinion on it, but i'd like to hear yours as well.

You give me yours first and i'll, let you know what i think so i think that they're trending, just simply because we have the same group of buyers, basically the same interest in these uh. You know quote-unquote meme stocks and uh. You know there's a lot of people who see the hyper on gamestop. You check in on wall street bet this game.

Stop this game. Stop that, but then you look alright. What's what's a stock that you know pretty much does the same thing as gamestop, but for a tenth of the price and they just hop in on the cheaper one yeah. That's! I can see that as well.

You know and amc and gamestop something that i've noticed as well is in the last. You know three or four days up until today, and maybe like last night, they kind of separated themselves a little bit like amc and gamestop weren't, quite trading the same but like once gamestop took off like i started, squeezing a little bit. It ran out to like 150 bucks or 200 bucks last night. Amc followed the exact same thing, so i think that's part of it and then on the way down.

That's where i'm a little more sketched out because um, the rate at which both amc and gamestop sell off and just the numbers that we've seen from like this last squeeze you, let me know what you think, but i think that uh, that that talks a lot About who's who's shorting these stocks, because um, i don't think you're gon na see like we know that people are holding the stocks right like gamestop and amc the amount of shares held. I think amc was the most held stock on robin hood. So i really genuinely don't believe, like you're gon na have people that sell off right, but that doesn't cause a crash from 25 bucks out of 12. You know so i think it's uh at the same institutions or retail shorters that are stepping in when it goes down as well and kind of be, like you know, laddering the stock price down.

So it's crazy amc is starting to push now too man, oh wow, she's up to ten dollars and three cents. Oh that's dirty! We got a nice little pushing volume. There 1.3 million shares on the level twos we've got the most sellers waiting to get orders filled at 10. 14.

looks like we already. Oh we're getting ready to push through. That looks like it's getting ready to run. Man, amc and gamestop they've had some crazy pushes, like i've, actually noticed they usually run the most when it's like nearing the end of the day.

Have you noticed that, like the after hours of the pre-market is when gamestop and afc like go? No, it's it's crazy. Yeah yeah there's all this just like on market hype, and then you know you just have all these uh, these um community threads just hyping it up even more than those who have after hours trading or you know, doing the buy and selling while everyone else is Sitting on the sidelines - yeah man - oh gosh - oh this is so dirty. This is so dirty. I bought more today at 10 40..

I should have. I should have bought it. Cheaper, live and learn man, that's how it goes. My average on this, i think, is 8 30 now so i averaged up, which is weird to say, because i was taking so long to average down.

What's your average on this mix, i'm like mid tens. I have it in two different accounts. So it's hard to say exactly, but it's like 1080 or something like that: okay, on average, so i'm still just a tad negative dude we're getting there. It's it's pushing right! Now, it's up to 10 19..

10 19. The volume is really cranking. Now, oh we're starting to get some momentum. This is a beautiful setup, so i don't know if you can see these three candles.

These last three candles. That's called the three bar play: that's uh! You got a wide range candle, followed by a small red candle. It's uh, it's kind of like matching the price action on that previous big one. Then you've got that third candle bar that green one that pushes over that that previous candle wick.

That is a three bar play, which typically indicates an upcoming bullish reversal and on my chart setup you can see the 15 minutes starting to hook in towards the 200 dma, which means that we're starting to get that that bullish reversal. So this is looking like it's going to get ready to run here. I, like this setup, a lot. That's dirty! It's popping off! Oh yeah, it's going crazy! We've got a lot of sellers on level twos at uh, ten dollars and thirty cents.

We got ta see a push over ten thirty. It's gon na take some volume, but i'm not stressing i'm not stressing man. If i didn't take a guess and we're just gon na close today, i would not be surprised in the least bit towards the end of the market uh, seeing like 12 13 14 bucks, which sounds crazy but, like we went from you, know, 650 or seven dollars Up to 11, you know it's 100 possible yeah i was saying even 15 doesn't seem that unfeasible to me. No, i don't think so.

I don't think so at all. So one of my comments said trey rocking that bdu style. Now these are ocps man. The bdu is like the vietnam junk.

When i was uh when i was in school for rotc max, we had like a mismatch of all sorts of different uniforms. It was like the acu patterns so like the digital kind of camouflage. Then we had this stuff. We had the btus, which is like the vietnam gear uh it was.

It was a goofy look. You'd walk around looking like a like a total goofball, but it was a lot of fun. Yeah man camo for all environments. You know what it is: uh they're they're asking for my morning, meme, i usually show them a meme in the morning.

I better pull that up. I better pull that up. So here's a meme this was made for me um right here. Somebody made this for me in my discord.

It says i don't care what you say schrodinger it's got me my face like uh. This is so stupid. It's my face, like uh copy pasted on some dude's body. He's got one book in his hand, saying schrodinger's cat paradox and the other hand it says mbis, charts and fundamentals.

It's pretty funny, not a bad cat, not a dead cat man. This is not a dead cat. When people tell me this is a dead cat, i'm just like dude dude, you got ta, you got ta really just read between the lines. This is, it is what it is.

It is what it is. It is what it is man, oh i'm so amped. Look at this. Go, i'm sorry max! You got ta, do more talking, i'm too pumped up.

Oh no! No, i'm not rock! On dude yeah! You know what uh you got. Some slowing off sell-off going on here on amc now, just for you know we had this huge run-up now we're. Let me pull this up on my screen. A little bit go for it now we're seeing a little bit of sell-off uh.

You know, obviously, every time you know we we keep on keep on seeing this any. You know any run-up. We see it goes down 30. So you know if the price goes up a dollar.

It goes down 30 cents if it goes up 10 cents. It goes down three cents. It seems like every single time right and that's not necessarily a bad thing either. So max i'm going to teach you a thing about technical analysis, you ready for this.

Let's hear it all right go over to that little pencil in the top left of your screen and you're going to click on the third bar to the right and that little down arrow and you want to click on fibonacci retracement, so you're going to click on That you want to put the bottom at that that last uh that green candle at the lowest point before the run up so at the top of that green candle, the one that your mouse is just over and then you want to put that um. So i'm not sure if you're gon na be able to catch my my stream, can you pull it up on youtube at all, just to see what i've got drawn up here? Yeah - let's see here so you want to put the retracement at the bottom of that last candle before the run up and the peak at the top of the candle, and it shows you how strong a chart is so a retracement of 50 or less typically indicates A lot of buyer's strength and if it retraces down like 61.8 78.6, that typically indicates a little more selling pressure. So, as we can see right now, you know this is a little weaker of a pullback but um. Typically, if you see anything 50 or or less in terms of retracement, how much you get back on that initial run, that shows that there's a lot of buying pressure and you know as we're sitting right now, it's it looks like it's in a nice upper moving Channel and we're slowly stepping higher lows and higher highs.

I like that it didn't come all the way back down to previous levels. I mean, ideally, we wouldn't have given back that much, but it's still moving. This is good. This is good! Oh max, you already see this, don't you! You already see this the george w foreman.

Oh there we go, oh god, i'm so pumped! This is crazy. What a day the half w max you got ta, let out george w. For me the the george w scream. Oh yeah, george w come on man debbie, that's the money dude! Oh, that sounds so good.

Coming out of your mouth. I love it. Dude! That's golden all right! I got my recreation down here yeah, so it's really starting to run. Here again, we got a nice bounce off of that ascending level of support, we're currently sitting at 10 and 13 cents.

Uh 10 20 is where we've got the largest cell wall right now on the level two, so that'll act as resistance. That is also where the 200 ema is at right now. So that's gon na be kind of a double whammy. We get uh, we get the price action back over that 200 ema we'll be in some microscopic bullish territory, and it looks like it's really getting ready to test that.

So that's gon na be a critical level. You're gon na push over 1020. This is back in buyer's territory. In my opinion, yeah.

It looks like once it blows past 10. 25. Then it's like just just free running, oh yeah, all right, so i'm gon na i'm gon na just read through these uh super chats. I i apologize max.

I wanted these recognize. These people go for it uh. Thank you, christian labanot, jason. The target mark is moving similar.

It looks like it for sure ali uh, alessandro, uh, ronda, matt diamond tonyx dcp. Thank you for your service brother. I appreciate that roland. You, you load.

Your entire tax return on amc, well congrats man. I wouldn't have done that personally, but hey you know what, if you're part of the cause, it's it's! It's you at the end of the day, people are saying fintel. I better check that out in a little bit here, juan makisu, avant ramalite, sally d, light frankie, carol, tammy trey's, like mountain dew and max, is like herbal tea. I love that that's gold, lord, stop being sheeple.

This is not a dead cat baby, not a dick cat, not a dead cat. Never a dead cat, never was there's a napping cat nappy cat, that's what it was. Taylor jeff, pimp, daddy payne. Some of your names really make me smile michael haley, petrie, uh, airbacker, heather's nest, uh aj, bast, essential hard worker haley, michael christian, luke, salem and chad.

One thing that i want to say here, real quick guys is i apologize if i'm not reading off the super. Chats don't feel like you need to send them, because we are having a conversation here with max and i don't want to disrespect you guys. So i just want to give that uh. That sort of you know uh preface just so that you aren't, you know, upset that i'm not answering you guys chat as i usually do um.

So people are asking about the afc short interest on fintel mac. So i'm just gon na pull this up. Quick we're gon na see what they're talking about yeah. How often is that updated? They update the the total short shares available pretty much every hour on the hour, the actual short volume compared to the market volume.

They update that at the end of the day, typically i'll see that number updated at like six. Oh, oh dude! This is so nasty you're gon na oh you're, gon na grab your pants. Listen to this. Listen to this max 1.

000. Short shares available. That's all! That's available wow, 1. 000..

Smokes. So now is the time to buy and pull big time big time, they're running out of ammo. Oh god, that's why we're seeing this crazy sell-off nobody's selling their positions? It's getting shorter, the kingdom come. Does it tell you what the interest rates are to uh to to borrow shares for shorts? Is it it's got to just be like through the roof right? Now? Surprisingly, it's not so the cost of borrow on this according to ortex anyways is three percent annually wow, which is nothing, that's absolutely nothing, but i don't really mind that to be honest, because if the interest rate is low - and this, let me know what you think: It's just my hypothesis um.

If the interest rate is low, it's gon na not put as much pressure on shorts to close their positions in a timely manner. You know because they're not worried about, because that's actually like less interest than most margin accounts annually. You know what i mean, which isn't which isn't bad at all um and that's going to put them in a little more danger. You know not to not to you know, step on any retail shorters out there that are that are rocking amc, but you're kind of going against the green right.

Now you know right and i, if anything, it's a good thing squeeze wise, because it's you know. Obviously, it's cheaper to do so. More people are going to just jump in and short so right, man yeah, it's a good problem with the game. Stop short because the the borrowed or the cost to borrow, was like up to 30 percent.

I think at one point: oh, it definitely was, and i think you're gon na see the cost of borrow start to go up here, because this is starting to get into some risky territory and um. I think that you're gon na see it really start cranking monday. So, like monday, when the gamma squeeze potentially happens as long as you close over, like eight nine ten dollars, i mean even just eight, if we just close over eight, that's gon na be crazy numbers but um. If we close our eight bucks.

I think at that point the risk is gon na be crazy and you're gon na see some clearing houses and brokerage accounts really kind of crank up that uh that that interest rate for sure going to be crazy. Once there's zero shares available, and i mean when you're not able to to short the stock, there's going to be more people who want to short the stock and are just waiting on the sidelines, yeah man and, of course, the higher the short interest, the easier. The squeeze so if that is true where it's like, i mean what would that make it 90 short interest? I don't even know you know exactly you know. The problem is that we we can never truly know what the actual outstanding shares is, because the outstanding shares change on such a regular basis, like i've seen numbers literally between, like like 50 million before and 390 million.

And it's like it's tough to say how many people are actually like, holding their shares, whether it be institutions or retail investors like that number changes day to day. So, like the true short interest, we need like a website that updates that on a regular basis, but, like you said we don't have it like, there's there's so much like mis information, that's being spread across all these different accounts that are sharing that um. I don't know if anybody has access to like a a paid subscription, like i pay 500 bucks a year for ortex. I don't even trust that sometimes you know what i mean, which is crazy.

So is that because amc is buying and selling shares or how does the the available float change so the that that wouldn't change the outstanding shares per se? But i think the available float would change because of the amount of people holding or selling their theirs. Their stock right um so like the outstanding shares, might change on a day-to-day basis depending if they do like an offering if they sell shares like we had the. I think it was blackrock that that kind of screwed you know they flooded the market a little bit and sold all their shares or whatever um. But unless that happens, the outstanding shares should stay about the same uh.

I'd be like the float of the shares. That would change in my opinion, what do you think yeah? So if they were bought or sold, shares, which i don't think is a super common occurrence? It would definitely definitely not. Definitely. I guess i don't uh, i i always thought of available float and outstanding shares of the same thing, but maybe i'm maybe i'm wrong there.

I, i don't think they are the same thing so like if you have the outstanding shares. That's the total available shares in like in the market so being held not being held, and then you've got the float, which is like the availability to the public. So this is actually what i got dinged on and everybody. So i learned this because i got done everybody was like you ding dong.

You literally just spread misinformation. 100 000 people, but the the float is not quite the same thing. So that's the actual shares available to the public. So the the amc flowed at one point was like 99.2 percent, meaning that you know available to trade was 99.2 of the actual shares.

I don't know what that number looks like now um, but you know that's. My understanding is they're they're a little bit different from each other. Okay. So that's like what makes it tough is like the the float changes on a day-to-day basis depending on who's holding like we don't know how many actual retail investors are holding a state because there's so many different.

You know uh websites that are sharing different information. It's it's absolutely mind-blowing man. This whole situation just feels so sketchy. I got ta.

Just i don't get it. I don't get it yeah. I mean. I guess that's why they call us dumb money.

I suppose you don't have all right. I thought you said dumb monkeys. Oh man, you i can tell you've, got my same sense of humor dude. It makes me smile, that's good stuff.

Someone was saying that that we need to call the people in my uh in my chat, the money monkeys, the money, monkeys, man. Yes, it's got ta be monkey related. That's that's uh. I think matt coors.

He calls his gang the space apes. I call mine the gorilla gang, so you could be the the money monkeys. That's the trio. We're getting ready to test 10 20.

looks like we got a push 10. 20 right now. Amc is looking good. If we get the volume to follow through with it, it gets that push over 10 20.

That's gon na be significant. I'm gon na take a quick peek at the order flow and we actually have more outflow than inflow, which tells me that this is being really heavily shorted. So we've got 322 million us dollars of outflow compared to 314 million dollars of uh inflow, which to me tells me exactly what the the short availability is saying that it's being shorted to kingdom come like if that 1 000 short shares available is true. That means that nobody's selling this and it's just being beat down by these shorts, which is oh, it's nuts.

This is crazy to watch. This is crazy, yeah. I was saying earlier too, with with these big run-ups, especially in gamestop you, you bet, there's a bunch of institutions and retail investors who are like okay. I need to short this thing because they think it's gon na you know tumble down again so that just helps up.

You know, you know what blows my mind. Man, so melvin capital and citadel went on that that robin hood um, you know hearing right and these guys were like we covered our positions ages ago. And what do you think of that? What do you think do you think they actually did, or do you think it's honestly, just retail investors shorting this, because i just can't see any feasible way you have retail investors eating up every single short share. You know what i mean: that's crazy to me.

Yeah! You know when they said that and when they said that they covered all their positions even before january 28th or whatever that d day was with robin hood. They said they were completely out at that point already. I was like that seems a little bit too true for them. They're, not gon na trick us monkeys, i know we're.

I know we're not the smartest guys on the planet, but you know it doesn't take much to deduce that there's a little bit of a squeeze that happened with gamestop and amc earlier. So someone's saying, fintel went from a thousand to 400 a couple minutes ago. Really dude - i just can't get enough of this. This is what gets me out of bed in the morning max.

You probably already knew this, but uh. I get up at three o'clock a.m every day and i'm excited to get up at three o'clock a.m. Every day to look at these numbers - 400, that's legit, that's legit, dude, we're almost at zero short shares available. Oh man, gorilla gang gorilla, gang drop, some freaking gorillas in the chat looking at these numbers, because this is insane.

This is insane john. I see you asking about sin sonics. I actually posted a video about that this morning, so i'll check that out i'll check that out uh. I'm gon na recognize.

Give me one second max, i'm just gon na read off these names. I apologize. I don't mean to interrupt this stream. I just like to to recognize everybody drop.

The super chat it is, it is appreciated guys. I promise you, you don't have to drop them today, because i realized i'm not gon na, be able to read these chats. I'm gon na be chat with max here today. So no, no offense anybody out there, my apologies jeremiah or jamal jamail.

Apparently i can't read uh tyler. Thank you cashologist 420.. That is a clever name. Man where'd! You come up with that.

Uh eric joseph charles zombie, ninja that'd be an interesting combo destiny bobby john and elvis 10 calls expiring friday on the money or out the money. Should i buy them um, that's totally up to you, man, i mean i i like to be very careful about my call options on stocks that i don't like and you know let me know what you think max with stocks that i can't predict like something as Volatile as amc, i don't like to purchase call options unless they're in the money which, like yeah the ups, you have to pay a lot more for the premium, but the risk is way lower and i feel like the upside is still there. You know because if it squeezes and you got a strike at nine dollars and it hits 18, you still make out like a freaking bandit, but you just have to pay a little more for that kind of security. You know what i mean.

What do you think right now? I mean that makes total sense to me. I i'm just not personally a big options guy in general, right yeah like for me, i just wrapped it up. The thing about options is like they can be a great leverage tool like you can make a crap ton of money, but if they don't pan out you just you just lost whatever you put into it. You know, and that's like i just don't play with options unless i have like absolute conviction, there's gon na be some sort of reason.

The price is gon na hit. You know nine dollars, ten dollars whatever that strike is by that date. So, like microvision, for example, that'd be a stock. I feel comfortable putting a call option on because, like we have that known huge catalyst for that that lidar presentation in april, but like amc, there's nothing predictable about this, like i'm, not mad, that call options are there, but that's just not my cup of tea.

It's not my cup of tea. I got uh got sent an email yesterday. Someone who spent 25 bucks on some call options for amc, turned it into five thousand dollars. Yesterday, that's disgusting! That's nasty man! Oh man! That means it's! It's it's a volatile stock.

It went from 650, i think it was 650. Let me check the five-day chart here. It went from seven. No.

I did drop down to the sixes so 690 up to 1189 in the after hours. So that's insane. Of course, you can't exercise options or sell options in the after hours or pre-market, but that's that's money for sure. Right looks like we're seeing another nice little run up here with uh gamestop and probably amc too game stop starting to run here.

Gamestop is starting to wind up. Actually, the gamestop setup looks a little bit cleaner than amc right now, but they typically mirror each other. So if we see gamestop like, as you said, the same people are stepping into both these stocks. If you see gamestop really start ripping, amc is going to fall.

100. Oh yeah! That's a clean upper moving channel! That's dirty! That is really getting ready to rip. The 15mm is about to cross over the 200 dma. The rsi is really starting to get some nice momentum.

It had a small pullback, but i'm going to drop a fibonacci retracement. I just get an idea of how strong this chart is. It is super good, that's uh, 38.2 retracement, which is nasty, that's dirty. This is set up pretty nice, just massive candles on amc too.

Oh yeah, big time, honestly, i'm i'm not gon na lie. I'm surprised that gamestop ripped last night. I was not expecting that at all. Were you that caught me by by surprise, i was actually uh.

I just got off work and i got this this message in my discord like trey, you need to look at gamestop now, uh and i think ben one of my friends. We kind of worked together and some stuff over the channel. He said dude gamestop is squeezed and i was like what what are you talking about and sure enough right, yeah there was a nice run-up when we were streaming yesterday morning and then it was getting pretty close to market close. I check in on the amc price.

I was like, oh, this is doing pretty good and then i have gamestop pinned right below in my watch list and i was like wait a minute, a hundred percent that can't be right, i'm looking at i'm like zooming in and out like this went up on. My nose after i'd since checked it gamestop at its highest point was up 300 from market open yesterday. So if we just check out gamestop here, it opened at about 45 bucks and it hit 200. So it was up.

That's insane, that's so crazy! 90! Oh i'm! So bad at math 135. So it's up over 300 at it's highest point which is monumental ben. Just texted me that's funny! He must be watching the stream. Thanks for the name drop you you got, ta bend shout out to ben rico.

He's dr magic fingers over the discord: absolute beast on the on the piano he's good with sounded stuff, uh huge, huge, dude, huge dude, nothing but respect for sure. So it's selling off a little bit here. Amc is pulling back it's at nine nine. It broke this descending level of support and we know exactly why this is happening.

Man, it's uh, it's just being shorted, it's being shorted to absolute kingdom. Come which is insane looks like gamestop might end up being suspended again. This thing is really dropping really is. It is it on its downtrend right now: oh yeah, 123 bucks.

Oh now we got some buying um, it might be. Okay. Dapper says that he made 1k over two days with amc call options thanks to trey, with the gamma squeeze tip dude, that's beautiful! Ah, i know i i just am so careful about about uh options. I really should play them more, but i'm i'm totally with you max.

I like to take a long-term investing strategy with like short-term aggressive swing trades. You know what i mean like you got ta. I try to think big pictures. I don't like risking that much and then here i am with you know ten thousand dollars of amc, but didn't you have like thirty forty thousand dollars at one point yeah i had thirty thousand before i got liquidized liquidated on uh on fidelity, but we're slowly building It back up.

I got my first youtube check and i told everybody my discord. I said uh, i'm putting a lot of this in my portfolio. I don't know about you, man, but i've got a really aggressive, uh saving saving strategy. I just like.

I don't know what to buy. I don't like buying stuff i'd, rather just put it in the market. You know what i mean. Oh sam yeah uh.

I need to put more into the market, but i live is extremely cheaply. You know i have a. I have a cheap car. I don't really spend anything on myself, so everything is just like ready to invest.

Yeah man, i'm just i'm the same exact way. I uh i try to put at least half of every paycheck into the market, which is like a lot of money, but i think that the strategy of you know 10 saving every single month right that takes so long. I don't want to be 70 years old on when i'm retired screw that i want to be 40 and i want to go travel to japan and eat some really good ramen and watch anime and who knows who knows, do whatever you want, but you get the Picture yeah, i don't think i ever wanted to retire. I just want to keep on going right now.

I i live on about four percent of my income. So that's insane! No you got ta be beat you got me beat my problem. Is that uh? You know all my all my uh subscribers always yell at me. I i drink too many uh too many coffees and i buy too much chewing tobacco.

So that's right! That's my issue. That cost me a lot of money, that's probably my biggest expense, which is really bad. But you know, let me learn whatever everybody's got their advice. I don't get enough sleep.

So that's that's my that's my reasoning, that's my reasoning. So amc is still consolidating here. It's getting a lot of volume, though, like the volume is really nice we're getting like a million average per minute, which is solid. I i genuinely think once the the short interest on this starts to die off a little bit and they stop shorting this they run out of short share availability.

This is gon na be nasty. Are you frozen right now max? I don't think i can hear you. Okay, well max is uh gone for the moment, so i'm just gon na come over here to the channel. Thanks to everybody, that's joined it here today.

You guys are all awesome gorilla gang. We are so glad to have everybody here. Uh drop some freaking gorillas in the chat bar, it looks like uh max is frozen right now, cause you guys see me. Okay, let me know if you guys can see me.

Okay, it looks like we lost max, but we won't get him back here, uh for whatever reason or another things are just uh, not cooking with crisco right now. That's all right! Thank you to dapper packer r. My 20 strike march 19 contracts are up 3k. Today, dude, that's dirty, that's so dirty man.

I know the screen looks goofy right now, but uh it's just because i only have two monitors. If i had three, this would be a slam. Dunk i got ta buy a third monitor, got ta, buy a third monitor without a doubt. I think we lost max.

Let me show him a quick text. I'm gon na say you good man we're gon na wait from the hop back on, but anyways. Thank you to everybody joining here today. Amc has been doing pretty freaking solid.

We cannot complain whatsoever about this. I am seeing ac can go to one case share. Is that possible? What is the ideal number at its peak? I do think it's possible. I do think it's possible right, so there's no way to know for sure what this is gon na you know, cap out at max is back all right, we're cooking.

This is now the trades show max who, who is dying, says max quit slacking. That makes me laugh, you're, big slacker, trying to make me i'll do all the work just plain. So if i change this screen setup, is it going to mess it up on your end like if i put it uh, no you're totally good man you're totally good. That works fine, so i actually have my uh my or text setup.

So it's just capturing the screen from this restream. So, however, that's format it works. For me, man, totally good cool. I can throw um, let's see here, you can do it.

However, you want that that works for me. So if i go just so, everyone can see my screen as well yeah totally. Oh, that works perfect. That's good! That's good!.

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