The Next SQUEEZE Catalyst for AMC

hey everyone meet kevin here i sense

some weenie babies out here who aren't

diamond hand in amc

let's go ahead and talk about some of

the things going on with amc obviously

amc has had quite the run

we have done amazing with amc i have

made money on amc i wish i made more

money i wish i bought in earlier

i know i was a little late to the party

but i still enjoyed the party

amc has done phenomenally especially

when we zoom out on the day chart it has

crushed it right now it's up about 1.42

it was down about 20 minutes ago it was

down about 1.45

so it's coming back to life a little bit

here intraday

one of the things that i'm watching

right now though is i'm worried that

we're getting a little bit of paper hand

or action

because we are getting closer to one of

these support lines here

i've got it drawn at 50 85 about 20

minutes ago we were closer we're about

54

now we're about 56 which is good we want

to stay away from that longer term

support line

that we drew we drew that using our

charts so it's not supposed to align

with the day charts right here

but more importantly what i want to

break apart here is when it comes to amc

and specifically momentum stocks it's

really important to look at volume

volume volume

and this is very different from volume

in tesla for example volume and tesla

which is not trading like a momentum

stock right now it's trading off flood

or even fundamentals whatever they may

be and

volume is good it provides liquidity but

when when you have

volume pressure in a momentum stock

especially while it's running to the

upside

you actually have a liquidity problem

because there's so much buying pressure

you have fomo buying you have people

buying from the short squeeze

you have people getting squeezed out of

their swap contracts people getting

swapped out of their

put option contracts or synthetic shorts

you have naked shorts looking to cover

and they're running they're looking to

cover before they get in trouble with

the sec

and they're looking to cover and cover

and there's a lack of shares available

how do we know at least that there have

been a lack of shares available

in the past well look last week there

was a day amc ran

a hundred percent it closed the day at

about 95 percent up

and seven days ago we had a share

utilization of 99

and if you take whatever number well if

you take 100 minus whatever number you

have here

you know how many shares are left to be

or that are left to be available or are

available to be borrowed

so in this case we got about 13

available that's a lot more shares that

are available to borrow than what we had

last week or seven days ago and so one

of the things that we're seeing right

now is a slowdown in volume

and we want to see more volume volume

usually comes

with another catalyst some form of

catalyst

something we're looking for something

that can create volume or incentivize

people to buy is

a run fomo another thing short interest

problem is short interest is going down

on bloomberg we're at about we're down

to 13 and a half percent on that's the

s3 partners data

that's down from about 14 yesterday it's

down from about 21

a couple weeks ago 10 days ago ish we've

got uh the ortex data

is doing the same thing the ortex data

is actually estimating

even more of a short interest percentage

fall and i think this is starting to

leave some people

paper handing today because look every

time i talk about owning and holding amc

because i'm just going to total this for

the next year

every time i do people like kevin kevin

we're just in it for the squeeze we're

just in it for the squeeze as soon as we

think that the squeeze has come and gone

we're out of here okay that's great but

it's a problem

if people start thinking that squeeze is

happening or

happened and then they paper hand and i

think right now it feels like we're

getting potentially a little bit of

paper handing

because we're not seeing a lot of that

upward pressure we're not seeing a lot

of those catalysts or reasons

to to expect the big the big sort of

squeeze so to speak

because the data is going down the last

on or text the short squeeze

or short interest data here was 11.6 uh

we can't measure naked shorts they're on

a delay

we can't measure swap shorting

but we can measure put call ratios uh

put calls the more puts we have the more

people are

adding to their shorts and uh basically

what we're looking for or what we're

going to look at is we're looking at a

ratio of how many puts are we getting

for each call

and uh the easiest thing to do is kind

of look at the chart here over the last

month which is while amc has been

rocketing

and you can see puts well you can't see

because i'm in the way there we go hide

it

right here this little blue line right

here this is the put call ratio

and we can see the puts have been

outpacing

calls substantially which is pretty

crazy to think about but yeah as the

price has been running people have been

adding

puts like crazy and we've just recently

fallen in the last couple days here

which

is also in line with a kind of a

slowdown

in the share price acceleration shares

have been

i don't want to say flat but they've

been kind of flat for the last few days

i mean let's go to let's go to the one

hour chart

and zoom out on weeble here which always

remember weeble will give you two free

stocks if you go to met kevin dot com

weeble deposit a hundred dollars they'll

give you two free stocks but if we go

here i mean look at this

we we had you know a lot of excitement

here last week on the second and third

but uh take a look at the black sections

here fourth

the fifth actually that's the seventh

because the weekend so we got

the third the fourth the seventh and

today

relatively stable in pricing certainly

if you zoom out a little bit more you

see that stability

because we've got here rocket well

actually here you've got just

increasing this is setting up the fomo

right then you've got the rocket ship

the a potential gamma squeeze starting

and uh right now a lot of folks are

waiting for potentially that next

catalyst

and i'm worried that folks might be

paper handing now on one hand like if

people have life-changing amounts of

money like okay look

if you sell like i'm not going to blame

you but i'm just saying like broadly

we got to put on our thinking caps and

go wait a minute volume has started to

decline

look at the volume bars here at the

bottom you can see as we ran up

volume was increasing increasing

increasing volume's very good creates

illiquidity great squeeze squeeze

squeeze

now volume's starting to turn down now

to me it doesn't matter i'm hodlin

i'm hodling this thing for at least

another 364 days

so it doesn't matter to me but i am

starting to look at these things and i'm

wondering like oh man

where'd our volume go our volume's kind

of evaporating right now now i think

there could easily be another catalyst

tomorrow there could easily be another

piece of data or a reason for a push

but right now it seems like folks are

paying attention to maybe some of the

other

uh momentum stocks that are moving like

specifically clover

which uh by no means do i ever want to

distract away from from amc

or the unity of amc but look people got

and i say that because people got really

mad at me last week

i did a video on the next

12 potential short stocks that would

squeeze

and i put 12 new short squeeze stocks

and a bunch of people disliked it

because they were mad i didn't say gme

and amc and i'm like look i purposely

said new

maybe i should have put in the title not

amc gme

but the point is if you go back and

watch this video

the stocks that i mentioned in this

video are like clover workhorse

ride canoe uh folks

clover canoe workhorse

ride like hello those did really well

okay so like you want to pay attention

to those

those things too and some of the other

reasons or catalysts

that some of the other stocks might be

moving and so the big hunt now is

what's the next big catalyst for

amc stock and so that's what we're

looking for

i'm a little concerned maybe there's

some paper handing going on in the short

term

could be just some short-term pausing

it's normal for these stocks

to pause after a rally uh if if it falls

hey

i'm hodlin doesn't matter to me but i

don't want to see people lose money

i'm very respectful of other people's

financial situations

and i'm bullishly looking for a catalyst

but right now i want to appeal to you

what's what's the catalyst what's the

next big catalyst that we're looking for

on amc because short interest is going

down put ratio is going down

and we can't see naked shorts but we

know that generally naked shorts cover

when there's more liquidity

and there's more liquidity right now

we're seeing the liquidity ratio the

utilization rate go down

so these are three things that right now

are doing the opposite of giving us

bullish catalyst indicators

not saying that there are any big

problems i'm just

observing the data and i want to see

this thing go to the moon

again because it's already gone in the

moon now we got to go to mars

but i'm also wanting to look at the data

realistically and go hmm

okay well uh all right this is gonna

have to

this is gonna take some more digging and

so i'm honestly making this video

to say bottom line i don't see the

catalyst right now

i think the catalysts are evaporating on

us but i'm looking for them

and i want to ask you for help because i

think the community is what's so

powerful

when it comes to amc and momentum in

general

what is the next catalyst what is the

next

reason for being for amc i want to see

it i want to see what you think folks

let me know comments down below thank

you very much for watching we'll see in

the next one

[Music]