The Squeeze that keeps on sqoonzing - The sausage ride - LONG
AMC has been very good to institutional traders and those who know how to identify when "big money" get's involved.
If you're holding $60.00 bags and looking for a chart to back up your "hopes and prayers"... then you've come to the wrong place.
If you were "gun shy" and didn't ride these SR waves because you thought that this volatile stonk didn't follow fibonacci... don't worry, this ride is far from over.
Institutional traders will continue to have a field day and take every penny they can from the retail traders as they incite fear and hope. There will be no "short squeeze" only a long schlong for your margined bank roll to get caught on the dirty side.
I don't care which way this goes... as long as I am on the right side. Trading with institutions.
For now we are looking UP, to the next pivot. Happy trading!
If you're holding $60.00 bags and looking for a chart to back up your "hopes and prayers"... then you've come to the wrong place.
If you were "gun shy" and didn't ride these SR waves because you thought that this volatile stonk didn't follow fibonacci... don't worry, this ride is far from over.
Institutional traders will continue to have a field day and take every penny they can from the retail traders as they incite fear and hope. There will be no "short squeeze" only a long schlong for your margined bank roll to get caught on the dirty side.
I don't care which way this goes... as long as I am on the right side. Trading with institutions.
For now we are looking UP, to the next pivot. Happy trading!