AMC update, cowabunga
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And the ever so magic and holy spirit of christmas, there was once a tune that was sung. Oh negative, all beta, who the turns you back on amc guys had a beautiful freaking friday. We were up 19.10 percent and uh that was coming off of a pretty pretty nasty little downtrodden we had been holding for about a month, but the good news is this. My friends, we have officially broken that down trend this thick downwards.
Uh, we used to call it a speed line. I'm gon na call this an ape line. Baby uh this. This long bold line is just recognizing, essentially a very long term, downtrend that we have finally managed to get out of and uh.
What i want to talk about here today, very briefly, is gon na be a short video is what i'm hoping for over the next week in order to continue on that uh. Now hopeful uptrend back into uh. You know some good green ape land territory so before we get into that guys appreciate you all tuning in i'm, not finding buyers, not financial, please do what you got. Ta do uh.
We talk kind of fast here. So if you can't handle that slow down the speed or get the hell out, anywho brief update on the road text. Data not gon na spend a whole lot of time on this sitting at 20.33 days to cover has gone up exponentially. That's because short interest, divided by some sort of time frame, is how you get this overall ratio and with short interest, going up a pretty decent chunk here as of late.
That is going to affect that overall days to cover what does this mean? It means that right that it's gon na be more difficult for shorts to get out of positions because there's a lack of liquidity in terms of how much actual short interest there is in the overall stock and how? What do we mean by that right? Well, if you look at the daily volume, this will tell you an entirely different picture than that days to cover in a much more simple way. What do we have here outside of very big asterisks, by the way, the volume that we saw on friday, which was about 144 million? The volumes are pretty low right, so we've been looking at 30 million at 25 million 35 44 82 and you look at the overall short interest. We have 104 million total shares being shorted into the stock. So long story short people like getting slapped.
Some people are into uh masochism, they enjoy their own suffering. Perhaps, and i am not one of them. I just like to sit on the sidelines and uh. Let the pigs do their own slaughtering, so that's kind of what we're doing right here, and that brings us into what i'd like to talk about here today, which is the overall stock right.
What do we have rocking? Well, we saw a little bit of a retracement coming into the close yesterday, but not as much as i think is definitely possible. Now i have some lines drawn up here that are from the live stream that i had ran yesterday by the way, if i'm able to livestream tomorrow, i am actually going to be doing that so be on the watch uh. But what i'd like to see is something along the lines of this right now. What is this uh? What is this picture telling you right now? Well, we did break this overall downtrend, but the best sort of uh, the best sort of way to know that you have officially respected that same trend line in a bullish way is if it comes back and retests it again. So what i would like to see right - this is just my opinion, one freaking guy who uh who enjoys chess, kraken and anime, and his cat titan right. What i'd like to see is a bounce off of that overall new ape line that white line i'd like to see us completely bounce off of that with some form of a retracement now retracements suck right, nobody likes to see a stock go down, but it's actually Healthy for a stock to pull back in some sort of way, uh. In order to give you confirmations of specific levels - and this would be one of them right - this would be a very nice level to get a confirmation bounce off of, since it is such a long-term uh bearish level that we had struggled to get a hold of Before right, what did we see on friday right? There was, i said, right, 6, 000 times now, right, oh mega hold dude. We got a rejection of a supply zone right, that's this red box right here, and that was essentially the first point, which you saw some major uh rejection on the chart.
This derives from choppy price action before decent size moves either up or down. Consolidation asks and you get that right here: consolidation, big move up and now that is acting as a form and a point of uh, basically difficulty of a break, and if you get a break over that, it's going to bring us back into that uh. Where i would, you know, be very happy actually 33.30 level, where you're really going to see some more chop around and that's a couple bucks. It's not a lot right, but it is a good step in the right direction when you consider overall how this stock has been performing for the last couple days, my chart looks like some four-year-old kid just decided to draw lines on lines on lines online.
This looks like absolute nonsense, but guys uh carefully having dissected this. I have confirmed that i have found that amc is in fact not a dead cat. So that's what i'm watching for guys just be looking for this right watch for this bounce off of that downward trend line a bounce back up. Hopefully it break through the supply zone if it rejects there you're gon na get a little bit of that sideways.
Choppy training until uh we get back into the motherland. So that's what i've got for you guys: keep a nice short, simple, sweet to the point, catch on the next one, much lovely taps always and peace.
Trey here is another perspective on the n f t dividend question, I agree with what you said about Adams job description however protecting his stock from manipulation is also in his job description he's not willing to do that because he doesn't want the share price to go back to where it normally is that's just damn wrong! He owes investors much more than this as the CEO of a company that was almost bankrupt then saved by the investors. He has viable options he just won't freaking take them. That's my two cents for what it's worth
To anyone who hasn't discovered "Lou VS Wallstreet" or "Al from Boston". Please check them out for serious logical explanations of what's going on. I appreciate Trey for his dedication but I find all this TA of lines for this AMC play (and I'm only talking about this AMC play only) make no sense at all. I'm sorry but how many times has all this TA been wrong? Triple witching days….. Fed repos….. I find the videos Lou and Al bring real aspect and reasons as to what is really going on and Lou has actually called many things in his videos that has really came to fruition happened! And he called it early a few weeks in advanced. I'm not trying to create drama here on this channel but I just to inform the people that are in this AMC that Lou and Al is out there. You decide what to watch and help yourself. Love you all and I'm so proud of all of us banding together like this and making a difference. Wish everyone best!
Movies must be seen in the cinema! We will use this "low" to buy some more shares and challenge their algorithms. I will NEVER sell, and the same goes for my friends who have AMC shares (a lot) In our AMC forum, we have all agreed to lose the entire value of our shares, but we have promised each other to keep all our shares – we will wait to the end, and if that means 2-5 years, happy days! The question is whether the hedgies can afford it – time will tell!
Always love your content Trey!!! Your energy always lifts me up be it a Green Day or a RED! Light taps always!
*People will be kicking themselves in few weeks if they miss the opportunity to buy and invest in Crypto as it's retracing….
Even if we actually reach $100,000 per share, I want to hang out with trey.
Looking like we're getting that bounce right now ๐๐
Why are we doing DD if the hf are messing with the price??? Wouldn't it be better to just say home because the shorts haven't covered???
At this point the feds should just force the squeeze itโs in their best interest. 30% tax
Can you do a vid that explains how youโre approaching your TA differently now with the supply/demand zones?
I took it as a w and bought the dip. Got in at 21.86. I thank the hedgies and the paper handed dropouts for the cheap shares.
Man!! This is incredible! I'm so stoked to be apart of this epic movement! ๐
Niether this was the whole โplay the rumor sell the newsโ gone wrong as the ape nation are already buying coupled with your average investor pilling in and funds repositioning pushed it way further than expected
Why is he asking for a retracement? This is a momentum play – we want it to keep going up. I swear this kid has lost his mind – he's been talking to too many stock "experts" who tell him what he should say. In June, AMC kept going and going up – there was no retracement and this kid was a rock star and amped everyone up. Now, he's more subdued and asking for a retracement? WTF? I want the amped up, excitable Trey back, not this schmuck.
I didn't expect learning finance would be this hot
A $32,000 profit sent to my portfolio each week, Ms. Evelyn Alene Rhines is amazing.
I've been holding for 85 years now. I hold forever. I hold for you. You hold for me. I hold until I'm rich or zero. And then I hold some more.
Probly bearish I'm still in amc so expect red for a while XD
Lololol so this is the first video I've seen where trey mentions slowing down the speed cuz we talk fast baby…so naturally I was curious and trey my man, you sound sooo drunk at half speed bro. But im sure that would be the same for anyone. Too funny and much love my guy.
I just re-uploaded the greatest moment in AMC trading history: when we first broke 61 at the halt! Brother, I went nuts when that happened. Had you on the whole time ๐
I walked away for a while after throwing back almost all the winnings, and have learned some valuable lessons (as well as costly ones). Thank you for your energy, reassurance, and overall positive vibes with great info!
Iโm stuck north of $30k now with DKNG, DWAC and PHUN. Most of the red is with DK…averaged down to 37.85 at 1552 shares which I think is a solid price considering where itโs been and how great of a company it is.
This guy still thinks this line is telling him something fr
Trey,
Look into your crystal ball, tell us that the Squeeze isn't dead.
If only you know what the future says, you'll know that indeed cryptocurrency is the future, investing in it now will be the wisest thing to do. Hold!!! And you"'ll thank yourself
ANCHORAGE CAPITAL closing down, they will have to cover their shorts. I heard they have 4 million puts, so if that is the case my understanding is they would have to cover 400 million shares. Please correct me if I'm wrong. In my opinion that should mean a huge push up in price immediately.
If I can stream tomorrow (with work and appointments) I'll be on ๐