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  • 4 million insider shares sold yesterday

     MegaKong updated 1 year, 3 months ago 4 Members · 5 Posts
    AMC
  • Shawn

    Administrator
    June 10, 2021 at 1:38 pm

    I feel like this is going to be a ongoing issue

  • Curunir

    Member
    June 10, 2021 at 1:48 pm

    I’m trying to just stay away for a couple days for some real-life stuff, so missed this one.

    Are you saying someone on the AMC industry side sold more into the market again yesterday????? If so, I’m quickly loosing faith that AA wants to actually see a squeeze if they are going to keep leaking shares.

    NOT trying to spread fud here. Just wanting to understand. This is dragging on a long time and getting beaten down pretty hard again considering all the real information and catalysts we have in place.

  • CrayonMuncher

    Member
    June 10, 2021 at 2:03 pm

    Yep, since last Friday multiple executives have been selling off and is likely to continue. It just hasn’t been getting much attention. Not sure if people have been watching the Form 4’s lately.

    Usually from Director levels and above (and other special roles), they have to prepare the selling they intend to do in advance and have those filed and registered, just as part of the rules to keep everything legit.

    Those people also have certain trading windows throughout the year within which they can sell.

    In just my opinion, they probably see this is the best time to sell for a profit pre-squeeze and anticipate it happening soon (or at least before their next open trading window). Selling now let’s them avoid any allegations of market manipulation/insider trading rumors, etc. as well as come out with a profit since we won’t know what the price will settle at post-squeeze.

    While it might not look good from the retail point of view, it makes sense from an executive point of view. I’ve seen it first hand from a lot of my bosses throughout my career and have heard them complain about the negative image it gave off, but there was nothing they could do about it and just had to live with it.

    • Curunir

      Member
      June 10, 2021 at 2:08 pm

      Thanks.

      I was mostly worried AMC itself was releasing shares again somehow.

      I can completely understand this though. The execs are humans, and like you said many are seeing this as a great way to pump their personal accounts like they never will be able to again. Nothing wrong with that, especially if they are limited on legal times to exercise. The squeeze may be over before that window comes around again.

      Timing sucks and I hope the retail community has been buying up a lot of them not just the shorts.

      • MegaKong

        Member
        June 10, 2021 at 6:29 pm

        To be Honest with you apes who cares insiders are selling , this thing has so much built up pressure that we going to Pluto no matter what. I doubled down biggie league today!!

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