๐ฅ CAN SHORTS COVER BELOW $10?! ๐ฅ - AMC Stock Short Squeeze Update
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Links;
https://www.reddit.com/r/amcstock/comments/tj35ug/they_dont_plan_on_coveringever/
https://finance.zacks.com/nasdaq-delisting-rules-7450.html
https://twitter.com/HowardFJackson/status/1505449666607038468
Can shorts cover their AMC short positions if AMC falls below $10 per share?!
Shorts would have to create additional synthetics to push AMC below $10, when they cover those new synthetics AMC would shoot back to $16 per share.
When they then cover the original synthetics and shorts, AMC would shoot back to $72 and squeeze.
Their plan is to never cover their AMC shorts and cellar box AMC so they don't have to worry about buying pressure, as retail investors typically can't buy stocks on the OTC.
However, trying to push AMC below $1 per share and holding it there for a total of 210 days would be incredibly difficult, as it would only cost 4,000,000 retail investors around $50 per person to buy 100 shares each at 50c per share to buy the entire float!
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