You guys already know what it is. I got the skirt, i got the george tavia shirt. We got the kraken, oh man, these are days. These are days that you cannot forget my friends, my fam, my fellow freaking gorilla, gang and apes out there.

We got ta celebrate days like this, and this is just the beginning. Oh i'm so excited to make this video. Today, it's gon na be nice smooth to the point. We only have one little topic that i want to talk about, but nonetheless we got ta, give it cheers out there to all you, freaking diamond-handed, gorillas and gorilla girls out there that help this stock through all those times bottoms up to you guys beautiful.

What is up, everybody welcome to trace trades. We have technical analysis, oh getting in my nose, uh two different stocks in the stock market as well as potential, but i hold their sell opinions on these given stocks. I, like purpose by saying that i'm not a financial, advisor or expert, so it's gon na save the grain assault. Let's get this video today, my friends, oh my freaking god.

We have a beautiful update on ticker symbol, 8mc up here in the top left of your screen. We open the day at about 12 close the date at 14.02, with a high of 14.49. Look at the freaking strength on this chart. Oh my god.

This is gon na be so exciting to get did did i'm stuttering so much because i'm so freaking excited to dig into and uh we're gon na. Tell you guys a little bit about what you need to expect with this, because now is when it gets tough right. It's it's sometimes easy, sometimes hard, depending on who you are to hold through the red days. Personally, i had no problems at all because i had true conviction in the stock.

If you had true conviction of the stock, that's freaking awesome guys. Now the true test comes. The truth. Test comes to be a diamond handed freaking silverback gorilla, because this is the time unless you have financial situations right, we're, hypothetically speaking, we need to hold, we need to hold.

This is the beginning. This is the beginning. So what we're going to do is start off with some different information right. We're going to bring it back over here to ortex we're going to show you the utilization rate of amc sitting at about 91.45 percent, meaning that about 91.45 of the current utilizable lendable short shares are currently uh being held, and only about nine percent are available for Borrowing, that's a huge huge, huge number uh costa borrow.

They say is that about three point: six percent and the decent cover is about point four: nine, i'm going to pull up intel, not because i think that it's accurate, but because i want to show you the point of the stock and it shows you the overall Sentiment right or is it being heavily shorted? Is it not being heavily shorted? I take fintel with a huge, huge, huge grain of salt now, because we do know that they only take short data from limited exchanges. Right, that's why people are thinking that it's misrepresenting the data, but nonetheless, if this is true, even if it's not right, we just take the worst case scenario and say that it's probably more than this 22 percent of the market volume today was short volume. 61.9 million total shares, which means that you freaking apes and gorillas out there were hammering this thing. You were crushing this thing you guys were buying every single freaking dip on this thing, you could not beat the price action that was happening.

We look at the total short share availability. If this is true and i'm not taking this with a grain of salt personally, i think it's lower. We've got 1.2 million short shares available, which is not that many, not that many, these shorts are still doubling down their positions. They're still gon na get squeezed, they still haven't, not freaking given up guys.

So where am i going with this? Where am i going with this? Why? I think this is important to point out, because guys this isn't even close to a short squeeze. This was simply a 20 green day. That's all this was that's all this was. This is a break over a hard level of resistance.

We finally got that break over this double top right here. That's all we had that's all it was. We got a hard break over a level of resistance. We have the volume starting to pick up here.

This is not a short squeeze. This was maybe maybe maybe a mini-game squeeze, maybe, but i'm still not buying into that guys, because we've got a crap ton of call options potentially expiring in the money on friday, 19 march 2021, which is that quadruple witching date. Now, what is the quadruple witching day right? Why is this important? Why is this being so hyped up? Well, i'm not saying this is the day in which everything is going to go down. Everything is going to be absolutely over, but i am saying it's an important day and it refers to the date on which stock index futures stock index options, stock options and single stock futures expire simultaneously.

You have that, along with failure to delivers or ftds that could potentially play into the stock's price action leading into the next leading day monumental. This means that they're gon na have a crap ton of potential options and futures that expire in the money that could drive the price action insane guys absolutely freaking crazy, that's mind-blowing stuff, guys, i'm telling you this is where it takes true, true patience, true true diamond Hands i am currently holding, i bought more today. My whole position guys i'm excited to talk to you about this. My total position is 2 450 shares at a dollar cost average of 9.02.

You guys are gon na be so i take this for what it is. Take this for what it is, i've been thinking about. Doing this, i've been contemplating doing this for a while, and i finally made the hard decision. I am all in on amc.

The only thing that i own, that is not amc related, is gamestop synsonics and agtc. Uh, essential and httc call options and i own one share of gamestop, but, as you can see right here, this is what i've got in my positions. I've got amc, call options, i've got amc, gamestop, sensonics and htc call options, and these uh sensotics and adc call options honestly are pretty much worthless. Those did not end up panning out, but nonetheless, that means that all that i own is amc my market value.

For this is 34 251 freaking dollars, i'm all in i'm all in that is how convicted i am on the stock. I even i i'm more convicted on this in the current time being the current time zone right that i am microvision that i am exxon that i am said sonic i am htc. I've got a second portfolio which i'm not dabbling with right, but this portfolio, which you can see is worth 36 700, i'm all in all my all my cash, all my capital, except for 217, which is writing in gamestop, is writing an amc right now now i Say this not because i want you to do it, in fact, i please please do not do that right, i'm standing in a situation where, if amc ends up doing something wrong, i can build that that portfolio back within a couple of months right do not do That be very intelligent, only invest money in this that you are afford. You can afford to lose right.

However, that is the conviction that i have at amc right now. I am all in on this thing and i'm not selling yet, and i see these rumors going around that says up trey sold up trey sold. I don't know where the person on weeble is getting. That is getting that idea, but i am i'm diamond handing the crap out of this thing guys, and i am not going anywhere, and this is the time when i really need to stay convicted and true to myself, because these are the times man.

These are the times it's easy to be like. Okay, now that i'm green, all that stuff that i went through it was uh it was. It was awesome to to get over that right. It's awesome, i'm green! Now i'm done, but you were leaving some heavy heavy heavy heavy briefcases on the table if you secure the bag right now, of course, if you've got a financial situation right, you need to pay your bills.

You need to feed yourself. You need to keep the roof over your head. You need to to take a girl out for some dinner whatever. It might be right that i understand that that's different right, but if you can afford to hold this hypothetically speaking, the apes uh, what the apes need to do to continue to drive the price action up since we have not seen a short squeeze.

Yet we have not seen a gamma squeeze yet is continue to huddle the crap out of this thing, because this is just the beginning. This is honestly just hype. This is what we expected when we have the stimulus checks running in, and this is not even all the stimulus checks think about this. We have people that haven't even gotten the stimulus checks yet uh.

If we look at the nasdaq today, let's just take a peeky wiki as you guys, as you guys always say, a peeky weeky at what the nasdaq did uh this week, and today it had a pretty freaking solid. It was up 1.12. However, this is nothing in comparison i mean we had. We had a bigger day back here without the stimulus checks.

I think this is a precursor. I think this is a precursor of a day for what we might see in the next one to two days. Guys and, as you know, amc very closely mirrors the nasdaq and i would not be surprised in the least freaking bit to see amc. Do some dirty dirty stuff? So that's what we're looking at guys! Oh my gosh, i'm just so pumped i'm so pumped.

I had to tell everybody. I've been deciding i've been waiting a while to decide whether i want to do this or not, and i'm finally going to do it. I have true conviction in the stock i - and i think this is a worthwhile cause to go all in on and i'm not telling you to do it, but i do think it is worth talking about now. I want to talk about this.

This stock right, the price action, so previously i had predicted that we see a bull trap right. How did i do that? Well, i saw a nice chart set up that indicated it was very likely. So what do we get? We had a level of resistance right here at the top of this candle week, right, followed by a false breakout over that level of resistance, which is typically a sign of an upcoming bullish trap. We ended up getting it right.

It sold off pretty much immediately after that, which is typically what happens right now. What do we have now? Not a danger of a bullish trap, not even remotely not even remotely, because what do we have here, a breakthrough that level resistance right. You look at a large scale level of resistance that we broke through a big one, and now, where is the gap in price action from here? It's much higher we're sitting at 14 freaking dollars right now forming a disgusting bullish flag. I mean look at this.

That is, you can't ask for anything better than that great great flagpole. You have an ascending level of support. You have a descending level resistance. I would anticipate that tomorrow is going to be another disgusting day for amc, just getting warmed up here, right, absolutely huge, and then you look at this compared to the the chart right.

What do we have? We have a huge gap in price action between that and i would argue, 16 and 28 cents, so there's a huge gap in price action here. Personally, i have some call options for the 16 and a half dollar strike price. I played some call options today as well on that 14 strike price, secure myself, a quick 2 000, which i reinvested back into amc to make some quick cash call options are going to be huge. We still need those to cause the gamma squeeze.

If you want to check out my gamma squeeze video, please check that out. It goes into great detail about that. We still need. We still need call options.

If you're an experienced trader uh, you still need to continue to hold your stock right. That is going to make a world of difference, and something that i think is very interesting and worth talking about is how amc compared to gamestop. Today. Look at this limp noodle, all right, those who shall not be named.

You guys know who i'm talking about some. Some silly chicken on the internet thought that uh that gamestop was superior and amc was a dying cat and that if you're up in amc, you should just sell out and i'm not going to say anything more than that. But what i can say is that amc is not even close to a dead cat thing. Oh my god guys not even close.

Look at the difference in the amc chart in the gamestop chart. I am so freaking insanely surprised, honestly with you. I thought that gamestop was gon na have a monster day today. I thought that whatever amc did gamestop would have run up 15.

20 25. More than that, and it didn't even come close, it didn't even come. Close amc is just completely dominating the game. Here i mean i think gamestop was down like eight percent or something like that total uh 16.

Actually, as we were up 25 absolutely game changer, and what's my hypothesis here, what could be causing this well personally, i think that you likely have and i'm not telling people what to do. I'm just telling you my hypothesis, you maybe have some some gamestop apes out there, who said you know what i've already made all the money that i want to make on gamestop, and i see my best friend over here amc starting to moon. So what i'm going to do is take my profits from gamestop and move over to amc and let those freaking suckers ride. However, i'm not telling you what to do.

I'm not telling you that's a good idea. Personally, i would hold if i was as convicted on gamestop as i am amc i do think gamestop is going to squeeze. In fact i was guessing. He was going to squeeze before amc.

Does, however, that's my hypothesis is, i think, you've got some apes out there who are moving their money over to amc, and i tell you what i am really liking. My 2450 shares of amc right now over gamestop. I think it has so much potential upside. I'm telling you 2k amc is not a meme 1k amc is not a meme, it's entirely possible and it's entirely dependent on the people.

The beholder the sentiment value of the stock being decided by us. The retail investor right so continue to do what you got to do guys. I tell you what honestly with videos like this. It's easy, it's so easy to make this video, because i don't have to convince anybody of anything.

I've been doing that for weeks now, i've been doing that for months now, i've been saying guys, stay freaking, patient stay the course right just keep waiting it out. I don't know why i did that cross because i'm not even religious but those those videos are hard. These videos are easy right. We get to sit back, kick our feet up and say you know what we won the battle today and let's just get ready for another one tomorrow.

That's what i have for you guys today and oh my god, what a good one! If you enjoyed the video, please drop a like, or does help support the channel and consider subscribing if you see more content like this. Lastly, i'm going to film in the description box down below for weeble. This is version four for the desktop great platform that allows you to start trading at 4md pre market. If you use my link, you get two free stocks as a 100 deposit i'll receive a free stock, great support channel, my friends and, if you're not interested, that is totally fine.

I appreciate your support by taking the time to watch my videos. I also have a link to the emerge store if you want to pick up a george w t-shirt or some cool mugs and a link to my personal discord. If you want to grab a awesome community of investors to to trade, to invest with a lot of them, much more intelligent than me absolutely great place to be five dollars a month for the patreon plan for the cheapest plan, absolutely awesome place as well. That's what i have for you guys today, thank you for watching my friends and i will see you all next time.

Peace.