Fellow apes… the feds have reverse repo loans up to 754 Billion and the loans have started 54 days ago. 54 days ago AMC was still trading at $9. This means institutions have had ample opportunity to return the loans or if not they will start getting calls from the feds looking for Marge.
I’m sure most of you have seen the darkpool trading AMC at $1,500+ since Wednesday last week. FYI Darkpools are instant trades but the information isn’t public until t10. The average retail investor uses a brokerage and our brokers hold on to the purchase for about 10-14 days before they really execute. Just because our account says it’s done, doesn’t mean the brokerage actually made the deal and it’s on the books.
If you did I’d the 754 billion repo loans by the ttl float of AMC… guess what your value comes out to be? That’s right, right at $1,500 per share… that’s of course is taking into consideration that the entire 754billion is for AMC which I doubt. But this does not include any naked shorts or synthetic shares…. Crazy crazy crazy!!!
If you divid the 754billion rep