So the breaking news today was that short sellers covered a little bit faster than everybody expected them to, but not all shorts, not even a majority less than a quarter of short interest dropped. But this does indicate that retail won at least one major battle this week, forcing a good chunk of short sellers to cover at a loss. So we have to talk about what some short sellers covering means and what it doesn't mean. Number two, I want to talk about what the Ceo said about chair offerings and why they're not going to be able to do any more major share offerings.

And number three, I want to break down the math in terms of whether Amc can still squeeze, and I want to compare it to some other squeezes. Over the course of the last few months, Amc has continuously been attacked with tons and tons of different fud tons and tons of different misleading data and overall, Amc has always managed to get through it. Is this the exception? Well, we're going to be talking about that. I also want to give you a quick update on plays as well because today the Jobs report was good, but not too good.

To the point where it worried investors that the Fed would have to taper and screw tech and high multiple stocks. So pretty much you saw everything up. today. Everybody was happy.

Even Kathy Wood from Arkanvest was happy today. And she was. She hasn't been too happy in a while. No, she's been happy.

She's been buying the dip. Folks, you know, Kathy Wood doesn't care about things selling off. But anyways, before we get into all of this, the only thing that I ask of you in return is that you hit that ravishing like button And also don't forget to subscribe either. So a lot of our High Conviction plays have been up over the last couple of weeks, but we shouldn't get too comfortable.

obviously. Pltr xpev Cciv Neo an Ndm really popping today. We haven't talked about Voozi in a while, but they've had a nice recovery as well. Look folks, we want our High Conviction long-term place to go up as quickly as possible, but at the end of the day, we don't want to be naive either.

A lot of these tech stocks especially are down because of interest rate concerns, and while a lot of the data suggests that the Fed isn't going to have to taper yet, well, next week we're going to have some inflation reports, and as many of you have experienced and a lot of the data suggests, a lot of costs are going up and we're just one report away from seeing a sell-off. Maybe we'll get lucky and they'll recover and we'll get easy plays for those long-term holders. But hey, you got to be prepared to wait. Right now, we're in a short-term traders market, but in terms of short-term plays, we have been getting pretty lucky because of the euphoria.

Leds was the big winner for us today. It continued a squeeze after receiving inflows in the pre-market It went from 1660 at the time of the briefing to 28.80 This was a chart play 101. We found it popping in the pre-market saw the short interest data, and then and then briefed on it, hoping that we get that trend continuation in terms of a short squeeze. But this was short Squeeze 101.

There's no real fundamental reason for this to double, and you can tell because, well, it sold off after it doubled. These aren't plays to buy and hold short term plays. The whole goal is to get in and out. Wench was up a lot in the pre-market but there wasn't any new saw speculating that hey, wait a second Wind isn't a meme stock and it's a therapeutics company.

Maybe there's some sort of insider information leak that we don't know about. Briefed on it, hoping that the trend would continue, and it did provide some momentum. It ran a bit to 3-4 We briefed on it earlier in the pre-market Not super exciting, but definitely a trade. Ncty was interesting.

It was up on plans to acquire a crypto mining facilities company. It had a mini rally, it opened, it dipped, and then it got up to 1625 of some of the meme stocks. you haven't really been able to see them continue their momentum. Obviously there's no free lunches, and Blackberry specifically was very good the last few days, so no regrets there.

Sans is also a play that we briefed on. They had positive study results for their glucose monitoring system. This also actually happens to be a long-term buy and hold play of ours as well, but it sold off at open and ended 40 up on the day. Briefing wasn't super helpful with this one, but from a buy and hold perspective, something definitely to be said about doing your own Dd on plays you like: getting them at good deals and then waiting for them to be recognized.

Okay, Amc now we just got updated data courtesy of Vortex. A lot of short data is delayed two days and today Ortex released this report showing that short interest is down negative 20 percent and and shortage shares continue to be returned. Keep in mind that even this updated data isn't really showing the full picture, because there's a lot of ways that hedge funds can kind of manipulate the data and certain data like naked short selling isn't reported in these reports. But overall, the data does paint a picture that retail won a lot faster than we had thought.

At least the portion of shorts were squeezed on Wednesday, forced to cover at losses, and some others probably just returned their shares and they were scared out of the market. They borrowed shares hoping to short sell them, but they decided. You know what? I'm not going to mess with this, I'm just going to go ahead and return them. My speculation on Wednesday was that hey, you probably saw some short shuffling around.

You probably saw some shorts getting squeezed, but you also saw some more shorts piling on. And that's the data that we had at the time. But now that we have the full picture, because all of the data is in, since the two days have gone by, the data suggested a lot more shorts got squeezed than we originally thought. Why does that matter? Well, because now some of the firepower for the short squeeze has been unleashed.

Sort of like feeling like you have a lot more ground to take and then realizing hey, we actually already took some of that ground. Some of the highest risk shorts were already squeezed, and the ones that are left are the ones that are stronger ones that can actually wait out longer. Which means that that could require some more patience for retail traders, and it's definitely going to demotivate people who are just momentum trading this. Putting everything else aside, hey again, if a 21 short interest correlates with a 100 percent gain in share price.

If this is what happens with a 21 short interest decline, imagine what would happen with the rest of the 79 percent. or at least a chunk of the rest of 79 shorts do still have to cover. The only question is when, but of course you got to be pragmatic as well. And I think we've been honest this whole time.

In terms of the coverage. it's likely that the higher risk and more time-sensitive short sales were covered first. Essentially, now, short sellers just bought themselves a lot of time. This war is certainly not over yet, but it did just get a little bit more complicated.

Okay, next share offerings. So if you are a retail trader in Amc, one of your biggest concerns in terms of wanting to get an eventual short squeeze is the chance that Amc just completely dilutes your shares by offering and offering an offering. And Amc has had a few offerings over the last few weeks, especially this last week. They've definitely been taking advantage of the rise in share price, and nobody can blame them.

However, the Ceo went on an interview with a fellow youtuber Trey's trades i believe he's called. He explained that one of the sales to moderate capital earlier this week would have actually been issued anyways. It just would have gone into the pockets of the executives and the main people at Amc. They voted to have it sold instead and used that cash to strengthen Amc.

And as for the other offerings, the Ceo said that those were the last offerings that shareholders authorize them to do. In fact, if you look at their authorizations, there's only a rounding error of shares left to offer. And now, in order to issue more shares, shareholders actually have to approve of it. And if they approve of it.

they won't be issuing it until 2022 anyways. so more of these offerings are pretty much off the table. Okay, number three. With all this being said, can Amc still squeeze? hey, Emc short float percentage is usually around 20.

How can that compete with Gamestop Charlie? How can Amc short squeeze be as good as game stops And game stops is like 120 short float, if not more. Keep in mind that one of the biggest stock market short squeezes of all time was Volkswagen. During its short squeeze, Volkswagen had only a 12.5 average in terms of shares Short Volkswagen in 2008, basically a failing company on the verge of bankruptcy with a lot of the other auto manufacturers at the time, got so heavily squeezed that it became the world's most expensive company at peak from 100 billion in market cap to almost 400 billion. The sole indicator of the short squeeze isn't how many shares are sold short, but rather how able short sellers are to cover their shares.

When they get squeezed, the harder it is for them to cover their shares, the more it gets squeezed. If no one is providing shares, then short sellers have to pay whatever people are willing to sell them at. With Volkswagen, they were 12.5 percent shares sold short, but a lot of the overall float wasn't even available to Volkswagen because the people in this case, Porsche, a few German entities and a very small amount of the public owned all of Volkswagen shares and none of the big parties were interested in selling. So short sellers needing to sell shares had nowhere to get those shares, so the few shares that were available went up to the moon.

The making of a good short squeeze really has just one factor: Shorts not being able to cover their positions the harder it is, the juicier the squeeze. Now, I'm not saying that Amc is going to be the next Volkswagen Volkswagen. You only had a few different parties, all with very strong intention not to sell that controlled the majority of the shares. With Amc, you have thousands and thousands and thousands of different shareholders, all with their own little intentions.

When the stock price goes up really quickly, or when it goes down really quickly, there's so many different reactions that you can have personalities that are reacting to that. But when it comes to just a few major parties that have no intention to sell, well, it doesn't really matter where the price goes. The Amc 8 movement was so effective because it created this blanket mentality where everybody has this idea of just holding. But the problem is that it's not as strong as something like maybe Porsche and German entities who whose only goal is to not sell Volkswagen during that short squeeze.

If you look at Volkswagen right before the biggest squeeze, Volkswagen lost like half of its market cap four days later, it more than quadrupled. But if this happened with Amc, it's very possible that a lot of retail just couldn't stomach this. Especially now that incentives are draining and fud is spreading again. and I know that relatively Emc has already dropped a decent amount from highs.

But a lot of retail are still very green and very very green. But what happens when they start getting deep red? After a 100 plus rally on Wednesday yesterday, Amc went down about 17 and I got tons of messages from people saying I blew up my account on Amc Charlie. A lot of people don't want to talk about this, but a lot of retail traders will go and they'll sell everything they have in the stock market. Then they'll go and use margin, or they'll go and buy very risky options.

Then they can't afford to be patient because every single move has a dramatic impact on their account and then they get screwed right out of the get-go Look folks, I support the movement, but I also have to tell you it like it is. I hope that this squeezes massively. I think the data suggests that if retail keeps showing up, it will, but I have no idea if retail is going to keep showing up. and I think we've pretty much been saying that every single video and to be honest with you, when you consider how many short sellers are left still that need to cover, well, that means that I see a very strong likelihood that the story for Amc is not over yet.

Nonetheless, regardless of what happens, I think that there's something here that everybody can feel good about. I mean, retail made this go up massively, got the attention of Wall Street and everybody's paying attention to the retail training community now. Anyways, folks that caps off the video. If you have any questions, feel free to reach out to us below or join us on Ziptrader Circle.

Make sure to add me on Twitter at Zip Charlie. If you'd like to learn how to trade, I'll put a link to Ziptreater you below. Battlefield 75 will get you 75 off. You can go and look on the website to see a breakdown of what we offer in the course goal of Zip Trader use of course to provide you with a step-by-step structure and also allow you to work with our private chat and be briefed every morning on what is happening and where the stock battlefields lie.

We also have Weeble. If you'd like to get some free stocks, I'll put a link to them below as well. Anyways, have a great day and I'll see you in the next video.