What is up, everybody welcome to racetrace, where we freaking talk fast and don't skip class baby. I, like preference by saying i'm, not a fine advisor expert, so say when i say the grain of salt: let's get into the video. So today, my friends, my family, my fellow guru, the game. This is the morning video on amc, and i want to talk about two things.

I want to talk about the pseudo squeeze, this idea of a sell-off on friday. I've already kind of made a video about this, but i want to talk about what this really means, and i also want to talk about this pullback that we just saw in the pre-market, and why is this such a good thing to actually see? In fact, i was really hoping that you would see this because it's going to alleviate some problems that they could have arose. You know down the road, so we're going to keep this nice and short. Let's just get straight into the video.

So the first idea here a pseudo squeeze. What is a pseudo squeeze? What does this really mean, and should you actually be worried about it? Now, a pseudo squeeze in my personal opinion is going to be a mini squeeze that is going to try to get people to sell off stock and it is planned for friday. I've seen number stops around about 50 bucks, a hundred bucks right, a bunch of different values, essentially saying hey. If you guys sell right here, you made your money, it's over, it's done whatever blah blah blah blah blah right and to me, this is an attack by the hedge funds, the market makers and all the people who are manipulating corrupting the stock trying to get people Out of the money because they recognize how much danger there actually is to their own personal short positions in these stocks.

My friends and look, i'm not telling anyone to sell whatever you want to sell. You end up selling i'll, tell you what i'm not selling friday. Unless this thing hits my my price target, i'm not selling a fried it's as simple as that, and my price tag is not 50 or 100 bucks. It's just freaking, not right.

So i've said this a million times and i'll say it again right you decide when you want to sell. This is where your own personal responsibility comes into play. I i've given you as much advice as i can. I've tried to learn a lot about the stock market, the plumbings of the stock market, to bring you along for the journey so that you understand you know it can learn along with me because it's been an absolutely beautiful journey, but the personal responsibility of each individual Person is finding out exactly when they want to sell right, so don't believe the pseudo squeeze nonsense.

50. Bucks 100 bucks is not the potential of this stock. There have been the shorts haven't even covered, yet in fact there's actually more shorts available than there were previously, and i don't think it's because it's covered, i think, there's just more shares overall available, because if you were to look at stonco tracker yesterday at market close You're, looking at like 60 000 shares, you can go watch my video from last night and you will know that for a fact right. This is just not it.

This is not as high as the squeeze is going to go. It's just that freaking simple. In fact, you know the shares that they have currently available, or so they say right is already getting up. So i'd.

Imagine about 200. 000 of these shares were shortened to the market sometime around here right, it's it's just it's it's insanity, so don't believe the pseudo squeeze nonsense. I want to you know finish off this video talking about this pullback that we saw in the pre-market. So i just want to show you this on the one minute chart and show you what actually here happened right, so pre-market opens at uh at 3 a.m.

Central standard time - and you saw this huge little pullback right and you might be looking at this and thinking holy freaking crap - why? Oh that's ugly, that's ugly is it over? Is it over? Is it over no right, i talked about my video yesterday saying hey. We have a shot at a pullback because we were pretty extended. The rsi was absolutely absurd right. You had this huge amount of growth up 40 in the last two days.

Small pullbacks happen, and it's actually a healthy, healthy thing. You can think of a pullback as long as it trades back and forth between a zone. Consolidation right consolidation is beautiful. In fact, this had way more strength than even i predicted.

I thought that you'd see this, at least on a pullback popped down about 17 and 24 cents, but it is surpassing all expectations that i had in terms of what a pullback is really going to look like. So what is good about this think about? If you were to buy this stock, fomo is a real, real thing right. People want to buy the stock, no matter what it's trading at, but you will have those who don't want to buy at the absolute top and every single time that you're buying amc stock. Here lately, you're buying at the absolute top, it's just as simple as it was so this pullback cooled off.

The rsi brought it out of that freaking 90 that range between 80 and 90 they've been trading at for literally two straight days and brought it all the way down here to 60.. Now that's not much of a cool off, but it is a pretty decent point. Swing, i mean we came from 90 down to 60.. That's a 30 point swing on the rsi, which is enough of a cool off to feel like there's, not as much risk associated with buying amc stock.

As there is now right, pullbacks are healthy. We need to be mentally prepared for this, because this is nowhere near as bad of a pullback as we're going to see when this thing truly starts. Squeezing right, the squeeze you're going to have violent pullbacks swings up and down freaking huge amounts like 30 40 50. Even maybe not obviously not 100, but you know a lot of pullback.

It's going to be absurd. You're going to see volatility like you've, never seen before. I've only ever seen one squeeze in my life right, and it was back six months ago in in january and i'll tell you what this is wild. I mean 25 bucks down to 10 bucks back up to 19 back down to freaking 10 bucks back up to 22..

I mean that's what a squeeze looks like guys. That's what it is right. Those are the sort of volatile movements. You're gon na have to be ready to stomach when this thing actually does end up coming to fruition right.

So this little minor pullback, my friends, this is nothing to be concerned about. If you look at this on the one hour candle, this is a hammer candle. This is called a shooting star, and this is typically a sign of huge, huge, huge, weak selling pressure, alongside of a bullish reversal now, what we're banking on is this? Well, i suppose it's a four hour candle, but we banking on this four-hour candle. You know closing off as a hammer candle shooting star that is actually going to attract more investors into the overall stock, because it just shows the weakening of selling pressure that we have forming up on amc right now right.

So i am absolutely fine. I'm fine with that pullback, don't sweat it right. I i'm sure that most of the veterans out there are not worried in the least bit, but in case you were new to the stock. You literally just bought it yesterday, the day before, whenever you bought in right.

Don't worry about this. Pullbacks are healthy. Think of this as huge consolidation in that zone above seventeen dollars, getting us ready for that next freaking leg up and that's what i've got for this short mini video, so blah blah blah. I know the hospital drop a like consider, subscribing whatever you wan na freaking.

Do my friends, my family, my fellow gorilla gang, keep huddling on right. This is gon na be a journey. This is the beginning of the end, but we're not there yet so catch y'all, the next one, much love and peace.