Did you know that the OPTIONS CLEARING CORPORATION (OCC) & DEPOSITORY TRUST AND CLEARING CORPORATION (DTCC) have their own PAC (political action committee)?
OCC
https://t.co/hju9QmBYk3
DTCC
https://t.co/i4a6sZIKLd
Box Office will be comfortably clear of 4 billion YTD this week. Definitely clear of 4.5 billion YTD by quarter's end, likely closer to 5 billion.
$AMC
@Tony_Denaro Netflix stopped reporting subscriber growth a while ago. Likely because it has slowed or reversed.
With the success of Project Hail Mary, streaming saw the $ advantage to theater first releases.
Netlfix will change its tune, if Narnia does well too.
https://t.co/68ITf2gpGV
@StonksBatman There was an index rebalance in May29. MSCI. JUNE 1st was the first trading day of the reconstituted index.
If there was a higher weighting for AMC, there would have been some forced buys that were late to settle.
CRSP index up next. It will definitely be a forced buy event.
@unusual_whales CRSP will be a forced buy event as index funds have to adjust weightings to match the index.
After close on June 4th, an algorythm will choose the multiplier from 3 of the 7 days, 5/27 - 6/4. 2 lowest volume days are eliminated and 2 biggest % price swing are out.
@unusual_whales And going almost under the radar are the index rebalances that are in play and favorable.
MSCI was May 29. That 116M volume day was the 1st day of reconstitution.
CRSP up next. Currently in the 7 day window for choosing the closing price multiplier for June 5 rank day. $AMC
@rocketastronaut They get back up to around 3.00, weeklies will come back. It's their trading range.
Industry tailwinds, box office, index rebalances, etc. Aron's buy was the signal.
$AMC
@Spades0444@cooked_files Bankruptcy narrative died when Discovery and Pentwater converted.
They were at the top of the food chain in a bankruptcy, and voluntarily gave it up.
There are more reasons to buy today than what existed in 2021. Industry tailwinds, index rebalances going on right now.
@mopar_momma It's now over 948 million for May. 30th & 31 not counted yet. May will likely finish over 1 billion.
Q2 will likely finish with YTD numbers 4.5 - 5 billion. Second half of the year is historically the stongest.
$AMC
@cooked_files Studios have already agreed to longer theatrical windows. Started this year and will increase next year.
Even streaming sees the benefits. Project Hail Mary made 100's of millions more with a longer window. Netflix has agreed to a traditional window for Narnia. It was noticed.
@ParValue26 We are in the middle of an index rebalance gauntlet. MSCI was May 29.
CRSP is up next. June 16 - 23. We are currently in the 7 day window to determine the price lock for June 5 rank day. At 1.56 there was already going to be big forced buying. 1.73 or higher, an avalanche. $AMC
@Official_MrRic When you look at DTCC pool, it gets even more convoluted. Cash account shares, unlike margin account shares, cannot be lent out.
DTCC locate pool does not distinguish between between cash account shares and margin account shares, even though brokerages know the breakdown.
@ProofOfWar@Degen_Life_ There is more reason to buy $AMC today than there was in 2021. Aron did what needed to be done, to keep the company alive, after being blocked by shareholders in 2021. Dilution then, would have transformed the Company, with minimal price drop.
https://t.co/C4uiQFOmQD
@ParValue26 We are in the middle of an index rebalance gauntlet. MSCI was May 29.
CRSP is up next. June 16 - 23. We are currently in the 7 day window to determine the price lock for June 5 rank day. At 1.56 there was already going to be big forced buying. 1.73 or higher, an avalanche. $AMC
@ParValue26 We are in the middle of an index rebalance gauntlet. MSCI was May 29.
CRSP is up next. June 16 - 23. We are currently in the 7 day window to determine the price lock for June 5 rank day. At 1.56 there was already going to be big forced buying. 1.73 or higher, an avalanche. $AMC
@ParValue26 These forced buys are price insensitive. An option expiry in the middle of the 5 day buy window.
Russell after that, June 26.
With industry tailwinds, there is more of a reason for it to go up now, than what existed in 2021.
@ParValue26 We are in the middle of an index rebalance gauntlet. MSCI was May 29.
CRSP is up next. June 16 - 23. We are currently in the 7 day window to determine the price lock for June 5 rank day. At 1.56 there was already going to be big forced buying. 1.73 or higher, an avalanche. $AMC
@trvsrdrgz2 June 18 triple witching option expiry comes right in the middle of a one month index rebalance gauntlet for $AMC
To the best of my figurings, all three will be forced buying events. MSCI-5/29, CRSP-6/16-6/23, Russell-6/26.
FTD closeouts and short covering in the mix too.
Elevated short volume/ interest, FTD closeout requirements.
Booming box office, improving fundamentals.
If you are a buyer, watch your lots. Rounds lots affect NBBO. Odd lots do not and are almost always routed off exchange.
As always, do your own research. $AMC
We are headed into and index rebalance gaunlet starting May 29 and stretching into August. In order, MSCI, CRSP, Russell, MSCI again in August.
Indicators and methodologies point to forced passive buying along the way. June 18 option expiry is compressed(holiday). $AMC
@deutchmark1@digiprintonline 2021 was all hype. A person entering today is buying a different company, with work still to do, moving in the right direction.
I get the dislike of Aron. But it could be argued that the company would have gone bankrupt, if some things hadn't been done. OG's would have got 0%.
@deutchmark1@digiprintonline Is there still work to do? Sure. But those things, except OS are down. The company had a massive Q1 beat. Q2 looks to be on track for exceptional numbers. With industry tailwinds turning favorable. The company today is a different company than it was in 2021.