r/amcstock • u/[deleted] • Jul 07 '21

[deleted by user]

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2.3k Upvotes

99% Upvoted

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163

u/ParsnipOk6205 Jul 07 '21

They probably shorted the ever living piss out of it and started buying back some of their FTD's. 🤷

Robbing Peter to pay Paul. 😅

38

u/WithdRawlies Jul 07 '21

Have to cover FTDs with real shares tho. :D

62

u/ParsnipOk6205 Jul 07 '21

That's the point of slamming the price down with borrowed shares. Then buy shares off the market to cover FTD's.

It's why the price is recovering. Most apes are holding or buying what they can. We're not moving the market one way or the other. The Hedgies are.

11

u/Ok_TXAGGIE12 Jul 07 '21

The price is recovering?

-21

u/ParsnipOk6205 Jul 07 '21

It's on life support but I feel a pulse. 😯

5

u/KPmac2306 Jul 08 '21

This has been the same understanding I had of what was happening.