You may remember the GME Gamestop shares that were rallied purely by Redditers to $480 a share at their high.

Well AMC is sitting at $31.95 having fallen on Friday. Let’s just suppose that AMC manages it to over $400 a share that is a rediculous profit. However, the share is overpriced at the moment if it was not normal market conditions I would not be sitting in it.

If the Reddit/Facebook WallStreet bets manage the same feat they did with Gamestop, it could be one of my top profitable trades this year, however there is more going on behind the scenes, with shares being sold off and hedge funds trying to force the price down. It’s Gamestop all over again, and this time, I’m holding much longer with those bigger targets in tow. Imagine this $30 stock hitting $400/$450 per share.

This is market manipulation technically, but hey, everyone is doing it. Elon Music manipulating DOGE, hedge funds short squeezing stocks and many more slightly dodgy practices, meanwhile the SEC iignores it all completely and spends its time hounding Ripple in a case that it is unlikely the SEC will win.

Nothing has been learned from the Market Crash outlined in the film the Big Short. We are just back doing the same things.



Writing about Trading, Currencies and shares

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

MultiVAC Testnet Demo Video— First Testnet Coming up at the end of January

Crypto may already be the future

Introducing ERCFund — An investment fund built purely on the blockchain

Security Token of the SIMBA Storage company.

AntiMatter — Perpetual option system without Oracles

LBank to Launch AVF Demand Deposit with an Annualized Yield of 10%

Everything Is a Bubble

Space Robots

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Paul Clevett

Paul Clevett

Writing about Trading, Currencies and shares

More from Medium

Next Generation Bike Fitting — by Giliam Rosseel, Liesbeth Bogaert, Yannou Ravoet, Chiel Mues

BTG Expands into Finance; Introducing the BTG NeXus Fund — the Nation’s First, Student-Run Digital…

The Kibo Eclipse Review by Aidan Booth and Steve Clayton

Why AutoCAD is so expensive ?