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Curiously, I never see such headlines when GME or AMC drop. GME is down 30% since earnings. How much did the shorts lose?
by tedunangst 5y ago
Curiously, I never see such headlines when GME or AMC drop. GME is down 30% since earnings. How much did the shorts lose?
- jw1224 5y agoThis is a well-recognised phenomenon. “Forget GameStop” is a running joke by this point: https://www.reddit.com/r/GME/comments/mhc9vf/dont_forget_to_forget_gamestop/ https://www.reddit.com/r/GME/comments/mhc9vf/dont_forget_to_... — and that post was from nearly 3 months ago. These headlines haven’t slowed down since! Some people speculate hedge funds are allowing AMC to squeeze, as a way to raise money to cover their GME shorts — not outside of the realms of possibility, given Citadel hold long positions on AMC. The timing of AMC price spikes has also correlated with FTD cycles, but that’s a whole other can of worms. AMC seems to be covered by the media far more often than GME. On days when GME’s price has rocketed up, there appeared to be media blackouts, and it goes largely unreported. The same thing doesn’t seem to be happening with AMC (at least, not to anywhere near the same extent). Other common observations include trading apps like Robinhood only sending users push notifications when GME’s price drops significantly — but never when it’s rising. This has not been observed with any other stocks, as far as I’ve seen.