EVERGRANDE DEFAULTED & MEDIA IS LYING! + AMC SQUEEZE POTENTIAL π₯ - AMC Stock Short Squeeze Update
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Links;
https://sg.finance.yahoo.com/news/evergrande-technically-defaulted-forcing-hsbc-140000223.html
https://www.bloomberg.com/news/articles/2021-10-31/two-thirds-of-china-s-top-developers-breach-a-red-line-on-debt
https://www.reddit.com/r/Superstonk/comments/qjog7i/dispelling_price_anchoring_once_and_for_all/
Evergrande has defaulted but the media is lying to us. Western media such as Reuters and Bloomberg are saying that Evergrande supposedly confirmed payment of the bond interest.
However, Evergrande haven't confirmed anything, neither have the investors, nor have banks in Hong Kong, all that happened was a meeting between evergrande and investors, which finished at 8pm local time and Evergrande confirmed that they would likely make the bond payment.
This default will have massive implications worldwide.
I also talk about the true AMC Squeeze potential and why it really could hit insane figures over $100,000 per share.
This doesn't mean that all 400,000 apes will be selling for $100,000 per share, Its likely that only 1 trade will go through at this price.
Maybe 20-30 trades at $90,000 per share, maybe a handful at $50,000 per share and the rest much lower. This is how a distribution works.
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