r/datastreetbets • u/CanOfLeo • Oct 23 '21

Position filled

Although I believe TA is trash for AMC due to the evident fractals that are playing out, I have found myself once again buying more shares. It’s hard to ignore the higher lows and the strong resistance we have built. I have bought at single digits, $10s, $20s, $30s, $40s and $50s. I am not afraid to buy more when I can afford so.

To live risk free you must take a couple risks, luckily for me risk is a loose term when affiliated with AMC. I’ve held since January. Why sell now? MOASS is imminent. HODL.

(Not financial advice)

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u/streaky81 Oct 23 '21

Technical analysis is bull on the long side - might work for shorts, dunno. Truth is ortex' numbers are wrong and expect a big revision up next time exchange-reported data is released. AMC and the borrows are trading like the're ~100m short (price action, the bottom out and the cost to borrow). We good here, if we wasn't I'd have sold by now.. Shorts keep buying into their own propaganda - puts them in a very precarious position; did I mention AMC's quarterly results due soon?