That being the case, if a 21% short interest is sufficient to create conditions for a squeeze, and if you believe that the media and various funds are determined to badmouth AMC, wouldn’t it make sense to start buying CNK shares and attempt to engineer a squeeze there instead?Ī lot of apes see AMC and Cinemark as competitors, which is true in only the loosest sense. AMC, in contrast, can’t justify on fundamentals even the share price it has right now. ![]() On fundamentals, it can justify a valuation in the high $20s, nearly double its current $16.50 price. Here’s the thing, though: while neither company can reasonably claim a valuation of $100 on fundamentals, Cinemark is a traditionally profitable company with a stable outlook that just posted profits in Q4. If AMC is a short squeeze candidate with potential to reach $100 because it has a short interest of 21%, then the same must be true of Cinemark, which is priced around the same value per share and also has a short interest of about 21%. Read: Strategist Says Mother of All Short Squeezes is Here The fight for a fair market continues in 2023.įor the ape community, this is more than just a short squeeze play. Once retail investors got in and saved the company, the community uncovered a number of market manipulation tactics that allowed hedge funds to prevent the stock’s share price from soaring. Hedge funds took this opportunity to overleverage their short positions in the stock, betting it would close forever. Market manipulation continues to be a threat to every retail investor in the market.ĪMC Entertainment was on the brink of extinction, it was about to go bankrupt. Related: These Two Signs Will Tell You a Short Squeeze is Over Latest Market Regulation/ProposalsĪMC stock had multiple chances to squeeze in 2021, however, hedge funds always found a loophole that would prevent them from reporting information, or trading stock in the lit exchange. The community has always been a beacon for change.Īpes will need to voice market concerns to elevate awareness. One of the biggest problems the community faces today is regulators not protecting retail investors against the predatorial strategies from hedge funds. The AMC community has not had a problem holding or buying the stock.
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