Is there any better way i feel like this is uh a throwback? We got ta do man, i'm telling you? Oh my goodness, it's about time. Let's go baby. What's cracking boys and girls we're gon na give you a short one here today, but obviously the best case scenario for amc is happening right now. We're up to 25 dolla, make it a holla, 23 green on the day and uh we're just smashing levels.

Now i'm gon na have an in-depth video later today, it's probably about 15 20 minutes long, going over a whole bunch of things, we're going to review some stuff get ready for tomorrow, whatever, but in the short term. I wanted to touch on one thing primarily, and that is uh. That is where we're sitting right now is entering the stage of fomo. Now fomo is huge right.

Fomo is a big piece of i'd, say three, three main factors: that's sort of removing this stock. You can think of fomo uh as basically being equivalent to public sentiment right. If there's three things to me that really move this stock public sentiment, slash fomo is one of them. Another one is gon na, be options, believe it or not, and the third is gon na be shorts.

These are the three things that, if you were to take fundamentals out of the picture, move this stock from a technical perspective right, fomo options, shorts fomo lasts for a very short period of time. That's the way, that's the reason why you know when amc moves. It has explosive run-ups in the matter of what seems like, basically uh minutes an hour day, two days, whatever very short periods of time, and that's because public sentiment shifts so quickly. Now i do think there are some things uh that are happening here outside of fomo, but i want to bring up fomo specifically because those who are early are rewarded right, you're, you're, rewarded for being early you're awarded for getting in before fomo starts to take place.

Uh - and i wanted to bring this up because i think it's important to be able to protect yourself - you know if you're missing out is a powerful tool, can really move stocks. Quick, i mean you can see. The volume today is absolutely nasty. I think a lot of this is likely algorithms uh.

We do see so far on the day, a total volume of what appears to be 119 million and we are only midway through the day. I have not entered power hour. I don't even think you've seen the high of the day, yet i think you're gon na see a new intraday high as time sort of passes, but protect yourself. That's all i got ta say right, charts, no matter what no matter what a stock does, no matter.

What the stock is they they follow. The same ebbs and flows. We've talked about this before stocks that go up always come down. Stocks will go down, always come up.

This is the ebb and flow of the market. You're gon na see waves and rallies and this and that take advantage of the bear rallies in the midst of this super solid bullish rally to grab dip buys. I think that's really the opportunity here. If you were trying to average your way down or trying to get a bang for your buck or whatever the end of the day, it's up to you, what you want to do is your decision.

I'm not here to tell you why. I'm not here to tell you to sell all i'm saying is think think before you make a make a decision, you know don't make a decision out of emotion, make a decision out of logic. You're gon na be walking away, pretty solid, so uh we're sitting. Freaking nasty right now, probably the only other thing that i want to talk about before later today.

Uh today's video is the shares on loan. The free floor on the loan is the highest that it's ever been i've never seen in the last year and three months. 137 million total shares on loan uh, which tells me one thing. It tells me that shorts have actually been adding to their positions over the previous uh couple of days.

You really haven't seen much short, covering really really none at all. To be honest, granted there is uh a lag in terms of settlement cycles, so keep that in the back of your mind, we're not going to know things for a couple days, but you are going to know when you see massive massive pops like this, like this To me is probably a combination of some shorts covering positions out of the the shears, although that exists, and perhaps uh some gamma gamma ramping. I mean that i think this is just a pretty clear-cut example of the power of the three things that i just mentioned, which is fomo uh options, chain, gamma, ramping and shorts, covering now we haven't seen. Obviously, let me take a look at the data.

You can see this clear as day. You can just look at this with me. Twenty point: eight nine percent current ranges for free float, we're sitting where we're sitting. That's it so what's moving the stock right now me to me: it's sentiment, slash fomo and options.

Gamma, ramping and you're watching this take place. Pretty pretty damn perfect. I mean this is just a beautiful day. So, more than anything guys i want since i'm working right now, i'm just on my lunch break.

I wanted to take the time to to just pop back some cracking, you know say we're on our way. Man. This is a pretty clear-cut, uh technical, breakout, we've knifed through this supply zone, the next spot that i'm watching for is 27.20. I think it's the top of the box.

You see a break over 27 20 today. You could see 30 bucks intraday. Now yesterday i said i think you could see 30 by the end of the week. I didn't think it happened on monday, but it's possible.

It really is we're going to give you a more in-depth update later today, but uh cowabunga cowabunga. It never was a dead cat, it won't be a dead cat and i'll. Tell you what we all know there's more to come. This is uh.

This is something we've been very excited for and let me tell you: i cannot wait for the day. Charles gasparino me look at me in the eyes you goddamn goofball time to get off your train, all right, guys i'll catch y'all later we back later today enjoy the day it's a beautiful one, uh and, as always, you know, there's more to come. There's more to come catch y'all later much lovely taps, peace.