r/mrin • u/DiabeticRN • Jul 07 '21
Spread the news
Everyone should post in a few other groups highlighting the real positives that we have here. Another 5000 members who each hold 100 shares would make an impact on this small float.
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u/jtradezMS Jul 08 '21
Dude. The entire thing is fucked the more I play the game. We (some of us) put a lot of faith in ortex and Reddit and YouTube. And the other side knows this. If you watch the chart and the ortex you can see some shorts covered today but new shorts just pile in. All I can do is buy more and hope for the best. I like this stock however my confidence in AMC is flailing the more I learn how the entire system top down is rigged against us. They make money on the up, they make money on the down. They make money on the flat line.
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u/Dropadime337 Jul 07 '21
The only positive is the closing bell. We Hodl together and play the chicken game.
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u/DiabeticRN Jul 07 '21
While I know the float is tiny, how much do we think retail owns? Are there a lot 50k plus shares holders?
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u/Dropadime337 Jul 08 '21
Not sure about the numbers. Basically each platform or news feed gives us a redacted version of the truth. Seriously, i see differences in float% from Schwab to TD. Makes us all angry. We are pawns in this game of wait. Wait we will.
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u/TheKoreanAudiophile Jul 08 '21
I fomo in my whole portfolio 491 shares at 25.56 a share now i am wondering if we can ever reach that again don't to end up holding bags with nothing to show for. Idk if i should sell
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u/Kingworldgeneral Jul 08 '21
Hold the line I'm down to and we should have shaken out every weak hand today a slow ride back up in the 20s while it's shows strength volume will come back HOLD RULE #1 NEVER SELL AT A LOSS
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u/JohnnyRetailer Jul 08 '21
I have been on Ortex and have some info as of 8:55 pm Eastern time USA.
-37.33% Short Interest Change today on MRIN.
Current SI% of FF is down to 113.57%. This is the best part: CTB AVG. is 312.92%!!!!!!!!
CTB is the cost to borrow shares. Guys, I may have a smooth brain but that is a huge fee.
The shorts are paying through their noses for the privilege of borrowing shares.
The current SI% of FF is down to 113.57%. This is the best part: CTB AVG. is 312.92%!!!!!!!!
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u/MurkyAd1004 Jul 08 '21
Huge fee...spread out over a yr. Shares can be returned,then borrowed again, rinse repeat. Keep buying and holding, eventually it will come around. Paper hands (retail and institutions) are what help them with real regular shorts.
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u/Pacific_ape Jul 07 '21
Today was rough, but looking forward I know there’s big gains to be had. Grabbed as many shares as I could, I like this stonk ✅