AMC squeeze?
So, big news at the end of trading hours today! AMC, after weeks of being memed and thought of as dead by a lot of traders, has started some drastic moves! No drastic moves for most of the day (up, but nothing exciting) UNTIL - right at the end of the day, and into after-hours, it started to SOAR! The price blasted through sell walls and checkpoints like crazy, reaching prices of over $11 before settling back closer to $10 where it has stayed since. While it was over $11 though, I couldn't help but take a screenshot of my position in Robinhood (I know...I'm working on moving out) because I was in the green for the first time in weeks!
It's amazing how the market is manipulated.
This is from Investor's Business Daily:
AMC stock popped 18% on Wednesday. AMC rallied 36% on Monday-Tuesday as New York City said it would allow movie theaters to partially reopen in March.
I've enjoyed watching the manipulation tactics become less and less effective throughout this whole saga. As they desperately try to control it through the media, we create our own platforms for sharing the real news and information!