AMC (AMC) is working on another short squeeze, indicated up about 2% premarket today.
So what’s driving the squeeze?
It looks like it’s the FDA’s approval of the Pfizer-BioNTech Covid-19 vaccine, which SHOULD have more people going to the movies. In turn, hedgies are getting worried about his raging rally going higher.
Remember – a short squeeze is a self-fulfilling prophecy. If enough people believe in a short squeeze, they’ll create one through sheer buying power.
So we imagine some hedgies are panicking.
Speaking of movies… have you seen the Spider-Man: No Way Home Trailer?
Could be good for Disney (DIS) because this movie looks 100X better than Black Widow…
What else is going on in meme stock land?
The Taliban are sitting on $1 trillion worth of minerals the world desperately needs – Lithium stocks have been up HUGE over the past years as people embrace electric cars and bikes. So you should have names like Albemarle (ALB), Livent (LTHM), and LIT on your radar. These names have HUGE meme stock potential going forward.
GameStop Stock: Understanding The Ryan Cohen Factor – GameStop earnings are hitting in early September so expect a lot of coverage from us. See how ‘Papa Cohen’ could be changing things.
Clover Health Has Serious Fundamental Flaws and Struggling Business Plan – Is Clover Health (CLOV) a mess? Find out the argument for “yes.”
Why Robinhood may be more than a ‘meme stock phenomenon’ – Could the controversial Robinhood be more than just another free trading app? find out.
Tesla leads EV sales to more than double in the US, still account for only 2.5% of auto market – electric cars are a tiny part of the market… but they’re growing fast. See where Tesla fits in.