So ponder me, this amc currently trades at 14.86 and came off of some really good news. A positive ebitda! That's great! That's that's fantastic they're! Also refinancing debt, fantastic, there's, nothing but good things about both of those uh both of those statements. However, you look at the broad market, you look at the sea of red and you, you notice that everything happens to be red. Well, what does that kind of tell you? Does it tell you that that movies suck or does it tell you that currently the market sucks, i don't know, i don't think it takes uh, a a a lot of thought to kind of gauge what that answer is, but to each their own man.

You come to your own conclusions, i'll come to my own conclusions, but first and foremost right. What do we have rocking with amc right now? Yesterday we had a gap in overall price action, a gap fill or or the gap. This white box, as you can see, uh, is between 16 and 10 cents or so up to about 16.60, and what i was looking for yesterday for the bold case scenario was a bounce off of that gap fill i was streaming while that happened, and we did Not get the bounce right, so no bounce off of a gap field typically means you have more selling pressure in the in the horizon. Uh computers are running the game right now they are.

They are absolutely running the show, alongside the current market sell-off and i'm going to talk about sort of what i think is pushing this current market sell-off uh as we go further down the line but uh. Let's just shoot you straight right. Let's look at the price action and look at where we're kind of hanging if, and only if we break down beneath this 1372, we're currently training at 14 and 88 cents as of right now, uh you're, looking at about 12 16 as the next major level of Support beyond that comes down to 10.76. These price points for me are points in which you see uh flat, tops out on current price action, both acting as support and as resistance uh in the short term.

It looks like those are both uh potential hit points right. I've talked about this before i'll, say it again. Uh you could see more selling pressure on amc with the current time that we are rocking, which brings me to the most important thing right, as i've always said, be careful with margin uh and take care of yourself. Put food on the table: take care of your family.

Don't invest money that you're not willing to lose. That's that's the most important thing, but there's good news here and i'll say this over and over and over again i'll keep beating this dead horse until we get a reversal, it's that i believe amc is at a uh, an undervalued or a value. By point of current valuation, the market cap for amc is currently uh. Seven point: six four billion dollars, which is uh classified as a mid cap company.

A mid cap company would be anywhere between one billion uh, maybe two billion to ten billion dollars right. It's not a ton of money, it's it's a decent chunk uh, but it's a mid-cap company as it is trading right now, and i personally believe the way that this stock reacted to its solid cue for uh early release q4 news that it is a cheap buy Because it reacted positively to fundamental news, they actually hung onto it for a decent amount of time, too kind of double topped out here, showing that it didn't have enough strength to continue uh for the time being. But in my humble opinion, in some dumb apes opinion right, you look at the spy you look at iwm, specifically because spa you know, amc is a a large chunk of iwm you've kind of been held down by chop or selling pressure and uh you're. Definitely getting that out of the out of iwm right now and the spy i mean the spy is also taking a pretty big doom doom hammer candle down uh in the time being so we're living in some tough times and it's uh.

It's definitely weighing down everything. There's something that uh that the wolf of wall street once told me - and i didn't like it when he told me this and i'm gon na - remember to repeat this: it's that in a bear market everything gets smoked, everything gets hit hard and unfortunately, our girl amy, Is getting tied into that right? We are in the midst of what i believe is uh. A short-term bear market could be a couple. Months could be two three months.

We got a nice couple day, relief, bounce here, uh with that fading volume, and you you, if you were here yesterday, you could see this uh from the live stream, but i talked about this fade down in volume. It's kind of a divergence i'd call it a bearish divergence you're, getting this push up in stock price, while also having a push down in volume which to me doesn't indicate a true breakout, indicates kind of a fake out breakout. Uh and that's that's - i mean the spy reflects the entire stock market, so that's kind of what we got rocking right now in terms of uh, the technicals on amc, uh, bold case scenario. I think the next next point, you're watching for for a bounce potentially, is about 14 and 40 cents.

A bounce there back up to this gap bill would be uh would be ideal. If not, you know you're looking at the bottom of this week at about 13 and 40 cents, i'm gon na give you guys a quick update as well on uh ortex data, because this is sexy time. We got uh nasty short interest in this stock right now, 21.13 percent is 85 percent of the exchange reported data uh. I personally believe that uh ortex is a lagging and or failing uh data point, but it gives you an idea that the trend is going up and i also notice this.

I want to point this out to you guys, because this did not used to be the case. I was looking at the ortex data, i'm going to simplify all the lines that i've got on here, because i find this to be pretty fascinating. This line is estimated short interest of free flow. What do you see here right? Well, i personally don't recall it point in time in which amc's reported short interest was ah a fraction higher than 20.

I've seen it at 20, 21, 22, 23, maybe even 24 right back here, you see 21.15. So what's this, what is that? 48.35 short interest of free float back in march of 2021.? I don't know if anybody else has noticed this, but it didn't used to reflect that. So i could, i could think of two main things right. I kind of back checked i looked at and i'm actually gon na pull this up, because i think i've got this uh screenshot somewhere on my computer.

There we go check this out, so i've got the short interest from back on 27 march 2021.. This is actually fascinating. What you see here is the estimated short interest uh and the reported short interest at the time. So this is 27 march 2021.

You can see that the the current estimated tornadoes for free float was 18 march 27th right. That makes makes enough sense. Well, let's look at march 27th really quick, because i don't know if it really makes much sense when you think about it like this. Well, what's this 45, what the? What is this i mean.

Let me let me just show you a side by side here really quick, because this is actually pretty pretty wild. If you think about it, you check out march 27th right. Look at this. This video was dated on march 27th.

2021. You can see that the current estimated tour interest of free float at the time was 49 uh, 49 million shares or about what appears to be 18 right check that out 18. You come over here. You look at the estimated short interest on march 26, which is the day prior, it's 45.39.

45.39. So you ask yourself a question right. This is the question that i ask myself there's two sort of options here: either a this is a massive glitch and i thought about it pretty hard. The only thing i can really think of possibly is that they're not calculating for the dilution that took place between may and june.

Maybe that's it right, it could be it. Who knows the other possibility? Is that perhaps they misestimated by that large of a margin back here on march 27th and if they did? That tells you basically something that i've talked about a couple times uh on my channel, which is, i think, a majority of market data that you're receiving is absolute dog. I really do. I think a lot of it is absolute.

I've got a video for this. Let me just pull this up really quick for you. It is called all market data. Is i talk about it in this, where i believe that the majority of what you're, what you're, given what you're spoon fed is, is based on basically, transparency.

We don't have transparency in the markets, the way that we really really need them to uh to exist to trust data with absolute 1. 000 certainty. So i don't know we'll see. I just wanted to run that by you guys and you guys can make your own conclusions, but i found that to be fascinating and that is the current estimator interest of uh.

A free float on amc is 21.13, but i think with a grain of salt man, take it with a grain of salt because of stuff like that. So who knows.