WILL THE BUY BUTTON BE REMOVED DURING THE SQUEEZE?! - AMC Stock Short Squeeze Update
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Links;
https://twitter.com/NFA20606866/status/1537490547585130496
https://franknez.com/bank-of-america-increases-short-position-in-amc/
https://twitter.com/TRUExDEMON/status/1537819674724864001
https://twitter.com/BossBlunts1/status/1537168067544944641
Will the hedgies remove the AMC buy button again?!
The buy button was removed not for the benefit of trading platforms like Robinhood, Webull and others, it was forcibly removed, I believe the Market Makers threatened to stop routing/clearing trades for these trading platforms if they didn't turn the buy button off!
Robinhood only had exposure and only had to post collateral for 10/13 of the securities that were set to PCO, however, MM's had exposure to all 13/13.
More recently, the buy button was again turned off for RDBX during its recent run, when options were set to PCO (a key component of a squeeze/gamma squeeze).
Therefore, its likely the buy button WILL be turned off again, however, AMC may squeeze so fast that the MM's are too late to turn it off this time.
When the first wave of liquidations happens, these shorts will basically buy back 100's of millions of shares all at once, emptying out the entire order book, buying all of the shares available for sale, even at $3,000 and above.
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