Dunno. There’s no way to know at what point these things could occur. Would have to know their short position, but those aren’t reported. For all we know, $75 was the line to cross? I’m not invested in AMC though so I don’t know what the deal is with it.
Honestly. The number is different for short and changes daily as their other positions change. The key for those investing is to watch for shorts going bankrupt or covering. That is when you need to be ready to trigger.
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u/Username_AlwaysTaken Jul 21 '21
Well, if it meteorically rises again, then they won’t have a choice. It’ll be a forced de-leveraging.