Hey guys how we doing i just wanted to uh show you frank. We got a lot to talk about today, but this is the new member of the uh. The trace trades fan. Welcome.

Frank frank is short for franklin, he's a cute little dude he's so uh he's so quiet and uh self-reserved and cuddly you're, a good cat, buddy you're, a good boy. This is the guy. So i'm going to put him back, i'm going to put him on the couch i'll, be right back, give us 15 seconds. This will take long, don't let the outfit all right with that out of the way guys today was a freaking day for amc huh.

It was a day for the market, it was uh, it was rough out there and i'm gon na walk through my thought process on what i think sort of happened today in term of uh the macroscopic picture, but i also want to remind you guys what this Is all about right? What does this trade mean? What does amc mean? What does the ape movement mean? What does this mean to me and you guys ultimately make that decision for yourself on what that looks like for you, but i want to share that personally. So before we get into that, i want to discuss what you know. I think really happened today or what the excuse was more so for today, and that was this, the omicron variant and the omicron variant. That just sounds like something intimidating, but the truth of the matter is this right: the omicron variant is a subset.

Essentially it's a mutation of the covet virus that exists. First, you have the delta variant now. You've got this omicron variant and what is freaking people out about this omicron variant? Is uncertainty, unknowns right, there's, not really any data or significant information. That's come out outside of what you've seen in africa, which is that the symptoms were mild right.

We don't know what the death rate's gon na look like. We don't know if this is gon na lock down the country. We there's a lot of what-ifs a lot of unknowns and that uncertainty breeds fear and that fear breeds bears, and that is typically where you see market sell-offs, such as what you saw today right. If you look at the spy, the spy was down 1.1 after yesterday's uh 2 red day, and this is following by the way.

If you look at the hourly candles a gap up, i mean you ultimately saw a nice gap up and you had. The news come out today: bam first confirmed case of the omicron variant in the united states, and you just saw the market take a flip for the worse and people really freaked out. They panicked, and that's really what you saw happen. I mean if you look at the one minute candles on the spy you can see that pit play up pretty much picture perfect right.

It breaks the v-wop and it just tanks for the rest of the day and that bled over into amc. Now we were thinking about this logically speaking right. How does this matter? Well, you can make an argument that if the country locks down again, the business model for amc once again would be dead right. But if you were to take that same sort of logic and apply it to a different stock, such as cinemark, for example, right cinemark also got smoked by uh coven.

They took a big big, beat down they absolutely crushed. They went from 32 down to 571. They only had a two percent red day right. Cinemark really did not have a bad day at all, uh amcx amc networks.

What do these guys do today down eight percent? Now we're not even surprised by this, because this is the literal logic of the market is when amc is down, for whatever reason i've seen media intertwine these two stocks before it affects this one as well, but the main takeaway here is this: look at gamestop down 8.34 percent: look at amc right. What happened here today with amc down 15.82 right? Does that make sense in the grand scheme of what you're seeing happen? I don't think so, and i've talked about this before i've talked about infiltration and media stories and excuses for big institutions, market makers, options, market makers to push price down and suppress price down when we think about manipulation and corruption right, it's not as simple as billions Of shares are getting shorted into the market because i think that you do see things like that within the options chain and with high frequency trading and with uh, perhaps even louder attacks, i mean, if you look at the last hour, uh candle candles a price action. It's pretty disgusting, i mean that's gross right, it doesn't look natural at all. It's just like a limp dick and when you think about all this, you also have to add in the excuses and the news catalysts that come out from mainstream media.

What are people tweeting out that are against amc? What are news news stations and mainstream media saying about amc? What's the catalyst? What's the narrative and the narrative fit perfectly for an excuse to push amc down right? Think, like that, think about what makes this sort of thing happen now the grand scheme of things the entire market got absolutely freaking pummeled. They got the nipples twisted purple nurpled, not even in a good way right. It was pretty freaking painful, nonetheless right but think about who to be mad at i've. Seen a lot of uh mixed mixed emotions right.

I've actually seen some people who are like hell yeah. I bought the dip, i'm pretty freaking jacked about that, and i've also seen some people that said uh man, i don't know if i can take this anymore. I had people message me personally saying trey. I don't know if i can take this anymore and i'm not here to make your decisions for you right.

You ultimately have to do what's best for yourself, but what i will tell you is find why you're angry? Why are you mad right? Let's think about this, for a second, are you mad because uh you know, maybe you were watching myself or any of those other amc youtubers right. Are you mad because of some video that we made? If you are that's cool right, i can take that. That's justifiable. If you have a reason behind it, are you mad because the price isn't going up? Are you mad because of what allows this to take place in the first place, identify that source right come to grips with it, come to grips with it and feel that anger and feel that pain, because i get angry too, i really do.

This is a frustrating frustrating thing to watch every single day to wait patiently, knowing that the current market value is not the true value of the stock and what i know this can do. We've seen inklings of it right, we've seen inklings of the momentum of the powerhouse that amc can beat, and it's still there it's there right price is psychological. It is right. Absolutely is.

I want to show you this vortex data. Let me pull up amc right here. Refresh this data for you, what did you see today? 2.49 short interest change up. Sixteen point: eight: five percent: i'm willing to bet you money, but if you look at unusual whales the bear was the the flow is.

The bear was pretty flowish. The flow was pretty bearish. I'd be surprised to see anything else. I mean the whole market was bleeding right.

These are ways that institutions and big money are able to pile drive into stocks, to pin price down right, find what makes you mad and realize who you're fighting against it's, not your neighbors, it's not the people on your left and your right that are hurting just Like you all that you're doing is kicking someone in the nuts who already got kicked in the nuts i mean. That's, that's, ultimately what it comes down to we're all here to do what we can. You know, that's really it and we hold the value. You decide that value for yourself and after you weigh all these things and you think about what amc means to you: does it mean making money? Does it mean making change in the market? Does it mean making a better life for your neighbors, your friends, your family? Your loved ones, what does it mean to you? Does it mean community identify that why i remember and find that reason that you're here right, that's really important.

It's very important, i feel the pain i feel it. I'm gon na put this up here. Really quick, i'm gon na show you this. I tweeted this out check this out, even with the nearly one million dollars i made on calls in june.

This is my current six month, p l on amc at market value of 27. I took this screenshot when uh the price is at 27. It's no secret right. I haven't talked about it publicly on my youtube, but the information's out there.

I've made almost a million dollars on calls, came out to about 900 grand and some change right with. That being said, it's ugly, i'm down 81 grand i'm struggling with you guys. I feel it and what i care about more than anything, what i want for you guys more than anything more than anything in the world, is very simple. It's what i would want for myself it's to have enough money to be free and to never die alone.

To feel like, i have people, a community, a family friends, surrounded by me that i have made a difference in their lives. You know i want that for you, guys too, i bought shares of five dollars. I bought yours at 60.. I'm here for market change, a historical squeeze and a better future for my neighbor, i huddle for you now.

I've got specific reasons why i don't share my position, but don't mistake that for not feeling your pain, because i do i've watched my position go back and forth and back and forth between green and red same as everybody else. I know how it feels the emotional roller coaster sucks ass, it's hard. These are hard times man i mean i'm not here to anybody. This is.

It can be hard to look at, but i know i have conviction in you guys in making change and what the company itself can do to get their fundamentals up to the level of the current stock price, the current valuation, the current market cap, i believe in The squeeze, i believe in the hours and hours and hours of research and due diligence and heart and soul and blood that got poured into this stock in the community that ultimately brought us to. Why we're here in the first place, if the only different variable is the price which is currently 29.88, and you think that the price is under value. You think the true market value is much higher than the current market value. This is an opportunity for perspective right, you're, looking at an incomplete picture, you're now looking at what is to come now i'll tell you this looking at ta.

This is all gon na wrap up the video. It's giving me my thoughts. There could be more downside to come heading into tomorrow, and my reasoning for that is this. We broke out of this box right here right.

This is what i call the accumulation zone. This could be a false breakdown. Some of what you saw back here very easily. Could be - or this could be, a retest of some lower lows almost down to 20 as the next level of support, you have to see that and recognize that that is a possibility right.

Is it going to happen? I can't guarantee you that i will tell you that the flow heading into close today was bearish. It was, it was ugly, it was, it was pretty gnarly and a lot of these are short expiration puts that got thrown into the market and they are still uh or they were out the money right, it's possible. This is my man rich greenfield with spiderman flinging out of his nose, but what i'd like to see right? This is optimistic. I'm not telling you which way it's going to go, i'm telling you what to watch for - and i know i've seen it.

I've seen it good job trey, you guessed that it might go up and it might go down, i'm just trying to lay out some levels for you. This box is important. I want to see it come back up to this 32 ish dollar level to hold that box. I want this to be a false breakdown, but a lot of it's going to depend on the spy and on omicron, because, ultimately, i think that the shakiness is going to continue for as long as there are unknowns about this new variant.

It doesn't matter if you think it's legit or you don't think it's legit until there's information out there. That proves something the uncertainty, breeds fear and that is going to affect the spy which affects other index funds which affects amc, because amc is in some mid cap index funds. You know this gets swung around by institutions and what they hold so i'll close it off with this. I know this is a longer video, but i wanted to give you guys anything that i possibly can right now to show you what i think my opinions, how i feel.

That's my. Why i'm here, for you guys, i'm here, because i appreciate community, i want to make my old man proud. I do and i want people to be free. That's it that's! That's all.

I want my friends and i mean that and find that. Why, for you, that's what i've got for you guys much love! I'm gon na go hang out with frank catch on the next one light taps as always: peace.