$AMC #AMC Personal prediction for today and start of next week

4 Jun 2021

Hello all,

Here a little technical analyse about AMC #AMC. Why? Because i love the stonk. Am i biased? Absolutely! Is this financial advice? Absolutely NO. I'm just a crayon eating Ape who loves to draw lines and like you can see in my last predictions, an average gorilla can predict better.

What does the chart tells me? I see an Apish break out once the price breaks out of this pattern. After the breakout normally it will followed with a little retest of the pattern or support at our latest high. Once that retest is done and you see Apish momentum going up, this might be the time for me to get some more moon tickets. Need my paycheck to grab some more. More then all-in will be in debt and one thing we learn from all this what hedge funds are doing is, don't gamble with money you don't have. It can go well for a while, but one day it will go bad and then its gonna be really bad.So be wise and spend what you can miss for a while. By the way, read the book 'The Richest man of Babylon'. Great inspirational book about everyone can create more financial wealth for itself.

Back to the chart.
When the breakout will go the bearish path, don't be scared. As long the hedge funds haven't covered and closed their short position there is absolute no doubt, that the price will go back up higher. I call those moments even good opportunities to grab some moon tickets with a discount. Main thing to focus on, is the number of stonks short by the hedge funds. We only can see what is known, and that is there are 513 million shares outstanding. 18% of that number, so 90 million shares, are used to short this beautiful company. After this week and the second interview of CEO Adam Aaron with Trey Trades, we know 2 things for sure.
1) AMC has raised approximately 750 million US Dollar, with selling 20 million stocks. This isn't a bad thing for a so-called 'meme-stock'. Right now there 46.000 stocks left to use for AMC to raise more capital. That's why they want an extra 25 million stocks, so they can use them to raise more capital, but they will not use them before 2022. And because of that there is not a good reason to believe AMC will go bankrupt soon, with all the re-openings after Covid-19.
2) The management of AMC has chosen to use these 20 million stocks, which were intentionally meant for the management as kind a salary/bonus, but instead paying them to their selves, they have chosen to really help the company and used it for strengthen its position. Because you all know, the business where they are in is a though one the last decade and Covid-19 hit hard. They are going to use this capital so lower debt with a discount and if they see an opportunity to expand their business, they will grab it.

An other good qoute, which helps me in this Ape journey is from Charlie Munger. I assume you all know he is, and if not DYOR.
'The big money is not in the buying and selling, but in the waiting.'

Well, i'm in since January and that's for an investor pretty short term, but for a continuous battle with hedge funds i can tell you it is intensive. But the good thing about this whole Ape thing is, I am not alone. You are not alone. In March there were already 3,2 million shareholders, only accounted in the USA and Canada. That was in March and that was only counting the USA and Canada. I think we can say that by the day of today, there are probably around the 5 million shareholders, only in the USA and Canada. And well there is more in the world then the USA and Canada. It may have bin started in the USA, but like myself, im from Europe and already in it for 5 months now. And i know there are many, many Europeans just like me in it since January. And i know also that since March i've seen growing this population bigger and bigger, week after week. I think we can take a little guess and say there are approximately 7,5 - 10 million shareholders by today.
Just simple math
Outstanding shares 513 million
Shares short -90 million
Institutional shareholders -40 million
That will make approximately 380 million shares for the other shareholders.
380 million shares / 7,5 million shareholders is 50 shares on average for each shareholder.

I don't know if you all have bin following some Apes on Twitter, Reddit or other social media platforms, but people with 50 or less stocks are a minority. Don't forget when the stimmy did kick in, the average price was 11/12$ and most of the people who spoke about it used their complete stimmy, which gave them already 100 shares. That's the good thing about the share count. So make sure you going to vote for the shareholders meeting and ask your broker how you can vote. It wouldn't surprise me that total outstanding shares will be multiplied. Understand good, this is against the law. When it comes out that their will be not 513 million shares, but 1 billion shares or 2 or 3 billion shares are outstanding, someone or a few more peoples are in big trouble, really big trouble, when the price will keep going up and they get a margin call. Because when you are trading with money that's not yours, the day will come that the owner wants his money back and above all don't want to lose his own money because of your risky trades. On top of that if SEC and FINRA will do their job, which they didn't really do after the 2007 crash, the punishment can be bigger and much bigger then only losing money. JAIL.. But.. don't know if you have watched 'The Big Short' and if you haven't you certainly should do, this financial world is kinda scaring.. It is a bubble. They are living in a bubble and the average Joe can pay the bill for it. In 2007/2008 millions of people lost their houses, jobs, family and above all they have seen an decrease of their health. Don't forget what money troubles do to a person. If you have to take care for your family and you are paying the rent every month, but your landlord is in trouble, you are in trouble. It is that simple. Shouldn't be like that, but in the USA it was that way in 2008 and maybe still. So sincerely I do hope my Ape family is right and we will see the biggest transfer of wealth in history. Because I do believe a lot of Apes can make their lives and the lives of their loved ones a little bit better with some gains. The difference between 1 or 10 million USD on your account is not that big, but the difference between $ 100,- and $ 1.000.000,- is huge!

Uhm.. Wait the chart.. Well one last thing about the chart..

After the Apish breakout from this pattern and have retested it 100$ is a region where we can find a nice area with probably some accumulation before it will continue. This is based on the price action we have seen this week. When HF's starting to cover it all will no make sense and the moon is the limit. Anyway, no advice, but i'm holding those stonks with diamond hands!

Let me remind you, this NO financial advice, nor am I a financial advisor. I just love the stonk, love to eat crayons and draw lines.

Make everyday some smiling, give every day something extra and you make the world a better place!

#ApesStonkTogether
#MOASS is inevitable
#AMCARMY

BTW This all above is also for #GME.

I'm holding both and I love both! #ApeNoFightApe