All right, i'm gon na, warn you guys right now that i'm gon na be throwing titan off my desk a couple times throughout this video. He just has this habit sometimes uh in the morning when i sit down on my desk to start doing some scanning start doing some reading. He will just uh hop up here and bat at my monitor he freaking whops it. I think he's just trying to play with the mouse cursor you are.

You are a very, very goofy cat buddy. You look very nice, not very amused. Oh guys, welcome back to freaking trace trades. How we doing it is your boy trey.

I think that is what they call me. Collins trace trades coming back for a quick update on amc, since i did not do that here yesterday, but before we get into that, i just wanted to show you guys this, because this is kind of cool. This came in the mail and it is a golden gorilla on a base of see-through uh. I don't know if you call this glass plastic, some sort of material with some gold coins in the bottom and the ape is holding a gold coin in his mouth.

This is uh, it looks like a tribute to i'd, say chinese culture. The kanji on this coin doesn't look like uh, japanese. I think this is probably chinese, but i can't tell you with absolute certainty. I only know a couple a couple of the kanji, but nonetheless i want to go over a couple different things here.

Just give me a brief update on the ta. We're gon na go over the vortex data because you do have an increase in overall short interest and then touch on adam aaron, as he did tweet out today about uh the one on one, the one two one nfts per share dividend idea that has been circulating Around and then we'll get you on your way, so you can go on with the rest of your freaking day, guys and uh. Let's just get into it. Right save some time, i'm not financial advisor there's, not financial advice, uh, let's get into the meat and potatoes of this video.

So today what we have rocking here so far, nineteen point one six percent, current short interest of free float, uh. That is an increase over the last couple of days, uh seven days specifically of about fourteen point, eight percent. So there is, there is some significant shorting that is taking place going into the stock. Of course, this is not including any sort of puts that are being played in the derivatives market.

Uh. Take that into consideration. This is also only 85 percent of the exchange reported finra reported uh data, so that is what you got rocking right now, that is, that is a pretty drastic increase. The utilization has gotten up a slight amount, but not enough to be considered significant.

So still have two boxes to check here for me: utilization, which is the total pie. How much of available shares available to borrow are actually being lent out? I want to see that maxed out. I want to see that cost to borrow starting to go up right. Then, when we did have that nice run up to 70 dollars and some change, one thing to keep in mind is that the cost to borrow went up significantly.

You can see that right here, right 22 cost to borrow that's the the average. There was some that was higher. There was something that was lower. It is dependent on a a lender to lender basis, but that is a key thing heading into the next leg up overall for the stock.

This covers still looking pretty good, so we're interest divided by some sort of time frame. This is just an idea that shows you that hey yes, it is difficult for shorts to get out of this stock. This is a very illiquid stock at the time, meaning that the volume is decently low. You can see the last trading day at 46 million total volume, which is an increase right.

I think that is significant to find a true bottom on that retracement that we had, but it's still nothing compared to what we have seen in the past, which does make it difficult for the the amount of about 98 million total shares shorted to get out of The stock to put this into perspective 46 million total volume uh, if you were to multiply that by two - that is still not enough volume to get all 98 million of these currently shorted shares out of the market if it was to be that way, so good Little thing to be looking at now, i want to give you this right. The ta i put out a couple tweets yesterday, given some spots that i was watching for they worked out pretty decently well and he did have a retracement off of a rejection of a supply zone. Now, where did the supply zone start to take place? Well, i leveled off here essentially a 3390 to 3450 level, and that came from specifically right about here right now. Why this specific level in general? It is because this is a previous level of demand now acting as supply.

So if you get a rejection off of that level, retracement is typically what will ensue. You did have that rejection off of 33.92 and it came back down to what i would consider to be a pretty critical uh momentum level that 3178 3180 mark and you've got kind of two different options here in the very short term, moving forward uh if you're Going to be looking at the stock either one, it is going to hold this 3178 level, which i think is a critical thing to do right if you do not want to see a further retracement back down to this demand zone of about 30 and 90 cents Up to about 31.35 or b, it is going to bounce off of this momentum level and essentially act as uh just a slight retracement. If you were to draw up the the fibonacci on this, that would be a pretty decent looking retracement down to about that 50. Marker that is pretty classic strength, and that would give you a bounce back up past.

I would assume 33.90 to 34.50 and then up to the next level of supply, which is about 34.80 up to about 35.28. So those are the specific levels that i'm watching for here today, if you're looking for the day-to-day price action, you're looking for significant levels that i find to be important to continue on the trend getting back into bullish waters getting back into a nice spring load up To a composite man has been working for quite some time now now i want to finish off with this right, adam air and the idea of uh what you've seen kind of rolling around with this nft one-to-one dividend. I will admit this right. I actually thought this was a decent idea.

I just did not like uh the way that it was pitched and adam aaron came out and he addressed the situation. He said, nfts are a superb idea, but not a one per share security. Token nfc dividend as repeatedly described on twitter, it is likely illegal breaches, are debt, covenants and or exposes amc to huge litigation risk. We can't do it be aware of concepts that sound, easy and too good to be true, uh, and you got a couple different responses here that i want to uh just sort of mark adam as i've described this.

It is not illegal and when you say litigation risk that is just an excuse. You are the ceo. It is your show and run it as you wish. That's a that's an opinion right, another one.

Since this idea is off the table, will there be a potential solution to the naked shorting or synthetic shares of amc, and i'm i'm going to tell you what i think of adamer right and i have absolutely no ties to this guy other than i've talked to Him on the phone a few times and he's come on my channel to have interviews right, adam aaron's job is to be the ceo of a company right as the ceo of a company he's not there to force a short squeeze, he's there to get the fundamental Value of the stock to the current market valuation, because this is this - is the trick right. The actual company is worth more from a fundamental perspective right now until he can get the cash flow moving the revenue moving, he can work on some of those debts. That's his job right, and that is his way of contributing to what apes would like to accomplish, which is seeing the stock price go up to the freaking move right he's doing his job he's doing his job right. We have to think about this from his perspective.

Let's take a seat down, let's take a seat in freaking adam's chair for a second. What adam aaron has to do is find a way to navigate the really bumpy waters that is currently uh the stock right, who would have thought a year ago? If i was him, i wouldn't that he'd be in the shoes that he's in right now trying to find a way to chase the stock price back up to fundamental levels, because this is the truth of the matter right. There's a lot of investors in the stock months ago is 4 million. Who knows what the number is now could be? More could be less, but once amc has its glorious day how many of them are going to stick around right? I can't speak for everybody.

I can speak for myself, i can say hey i like this company, i, like i like movie theaters, i like popcorn. I like the revenue, uh ideas for growth that they've got. I think it's going to be a good company right, but we can't guarantee that everybody is going to want to hold on to amc forever and ever and ever and his job is to find ways to improve the company. To the point in which it looks like an investment, besides just what the apes believe in which is market transparency, which is squeezing out these stupid hedge, that that try to bet against uh movie theaters and companies that are trying that, basically on the verge of bankruptcy.

Right, that's his job. His job is to manage the company, it's not to necessarily dive into the technical data and exposing uh shorts right. That takes a lot of work and who even knows he could be. He could be digging into that right now and i would love to see him do it obviously, but that's secondary to his real job right, it's if you've got free time.

This is something that we see as an issue and he could even be looking into it. But the game of legalities, my friend is you cannot make statements if you cannot definitively prove them, especially in his shoes. I trust adam aaron to do his job, which is run the company to be the ceo of the company in the previous year. The balance sheets have improved, he's come out with nfts.

He he's running this. This new idea of selling popcorn, which is actually really profitable business right, he's doing his job. He really is, there's things i don't like that. He's done, i don't like the dilution.

Obviously, who likes that momentum being killed on a play, that uh is a squeeze play right. Nobody but nonetheless, that's his job he's here to do what he's got to do and in the meantime, i'm going to do what i can do and we can all do the same right. So that's what i've got for this freaking video, guys i'll catch y'all later tonight, we'll be going over some stuff, much love and peace.