$AMC Entertainment (AMC.US)$ Fidelity decided to invest clos...
$AMC Entertainment(AMC.US$ Fidelity decided to invest close to half a million dollars into AMC in today’s dip. They are the ones predicting the price to be over 1K. Putting their money where their mouth is.
Just goes to show you that we need to continue to keep holding and buying on those dips.
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70083356 : I'm really new to all this, and still trying to understand the basics, but with everyone buying and now fidelity bought a huge chunk, then why are the shares float still the same as at least the last 2 months ago?
tophnoko 70083356: Hedge funds (HF's) are naked shorting, basically creating counterfeit shares that they'll literally have to come up with if we all keep holding. HF's don't want option calls to be exercised. When exercised, Market makers (MM's) have to buy these shares at market price. There's some speculation HF's and MM's are working together to prevent losses on their part. There's a lot more to it but this explains why the price is in a continuous tug-o-war. We've been building walls they can't seem to take down. First at 8, then 9 ... and now 13. There will be a breaking point (breakout) where if enough retail investors hold, there just won't be any shares for HF's to cover their shorting. The price should soar. I'm not a financial advisor. I just like the stock.