EXACTLY HOW HEDGIES TRIED TO BANKRUPT AMC π₯ - AMC Stock Short Squeeze Update
1,372Exactly how the hedgies tried to bankrupt AMC using the Cellar Boxing technique, and also Gamestop's true float may have just been exposed!!
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Links;
https://twitter.com/jhuntermav
https://finance.yahoo.com/quote/GME/key-statistics/
Gamestop should have a float of around 76m shares, however, 3 or 4 sources have now reported over 240m shares!
Could this be some legit data seeping through from the SEC onto public websites? It seems unlikely to be a glitch as its being reported from multiple sites and isn't just someone editing a screenshot in photoshop.
Cellar boxing is the technique of shorting a stock all the way down to $0.0001. This is the very minimum a stock price can go. Therefore the share price will have a $0 bid and a $0.0001 ask. Whenever longs try to push the price up, shorts hammer it back down causing the longs to suffer a 100% loss, and infinity profit for the naked shorts.
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Video topics:
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