Everyone knows the meme stock/wallstreetbets/retail trader bullshit a while back where "retail traders" pushed the stock price of GME and AMC through the roof, and essentially screwed over a ton of hedge funds.
Since then the 'big money' has definitely tried to destroy the idea that a bunch of people on reddit could influence a stock this much without them knowing it. They were beaten at their own game for once, which was great, but now we are seeing this #AMCSqueeze trending on twitter again... what exactly does it even mean?
There are a bunch of theories being thrown out there left and right:
- Hedge Funds are short selling and egging retail on to try and moon it
- Retail is actually trying to push it
- Market Makers are influencing expiring contracts tomorrow
The list goes on and on, but Bank of America increased their short position on AMC a few weeks back... Then one guy, Cliff Asness, who is a hedge fund manager, came out and that he "dares all the meme stock maniacs to try and hurt us". OH SHIT HERE WE GO