Today I Want to talk about how a massive short squeeze is crushing shorts right now? Now This squeeze isn't the result of a rubber split, but it is one of the largest squeezes we've seen in recent times. It's larger than the June 2021 runner for AMC and it's happening right now and it's destroying the shorts. so stay tuned and let's make some money. And now I Want to drive straight in with the information so we can see from this morning that this stock was only trading at 6.76 per share.

At the close of market Today, the stock had run up to around 17 18 per share and in the after hours today's so far it's already here. Over a hundred dollars per share. Nearly to a hundred and twenty dollars. That is an absolutely giant move.

Jumping around 20 times in One Singular day God Only knows what it's going to open at tomorrow morning. The funny thing is, if you do zoom in a little bit closer, this chart does actually look like the AMC chart from back in the day. Here you have the January 2021 run up for, followed by the June 2021 run-up as well. Obviously, since June AMC has been trading basically sidewards and a little bit downwards as well, and AMC is soon going to have this massive massive explosion following the top stock.

NOW Obviously, like usual, I'm not suggesting that you jump on this stock straight away. it could still move up further, but it could easily have already exhausted its squeezing possibilities and may soon be on its way back down even as early as tomorrow morning. While it could potentially run from a hundred dollars up to 200 or 300, it could very easily turn around and come straight back down to six dollars. If the squeeze on this stock has finished, we know that a short squeeze is a fairly quick time Horizon event, especially as we hadn't heard much information of this stock until now and it didn't have a giant giant short interest, especially as not much has been heard about this stock.

It's likely this stock didn't have many synthetic shorts and therefore it's possible this squeeze is already over, although it may continue. What we do know is that some shorts have indeed been squeezed in the process. As Michael tweeted he said there's no SEC news on top that he's aware of at the moment aka the company haven't come out with any new business lines or any specific Catalyst that cause a massive price rise, but he said he thinks a lot of Market participants went short with the selling action earlier this week and now getting squeezed in some areas. if we look at the stock earlier this week, the price was Rising fairly quickly setting new recent highs and therefore it's likely a bunch of shorts powered in to try and push the stock back down.

But obviously that did not happen for them and now these shows that tried to force the price back down are absolutely getting squeezed this. Obviously it adds more pressure to those shorts as it's going to decrease their overall portfolio and bring them closer to a margin call on their entire portfolio position. And obviously if they do hit that Margin Call they'll be forced to sell off their entire portfolio and close out of all of their shorts to repay those margin loans. And obviously being forced to close out of those shorts could end up with some of these hedge funds being forced to close out and cover AMC short positions Now Ham Short Killer Tweet is saying Top closed at twenty dollars per share up thirteen dollars on the day, but as soon as those market trading hours finished, it rocketed to 32 dollars per share and now significantly higher up to around 120 dollar region.

And he said some lucky Naked short is having a terrible, terrible day. or maybe it's a really great day depending on what that short is into now. I Would be fairly careful about trying to jump into Top Financial to ride this short squeezing wave because it is a fairly sketchy company. It says Top Financial Group Limited as a holding company which engages in the provision of Futures brokerage and other Financial Services through a trading platform.

The company was founded in 2019 and is headquartered in Hong Kong so this sounds like another one of those Chinese scam IPOs like HKD and a number of other companies as well that blew up sometime around last year. While HKD did obviously go significantly higher up to two thousand dollars per share, it's not guaranteed that top Financial will do the exact same thing. and therefore it's obviously very, very risky. especially as Game Of Trades tweeted The probability of a Bear Market happening is currently at a level never seen before since the 1950s.

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Market Participants are seeing extreme optimism in the S P 500 and have basically gone all in on their long positions expecting the next bull run, but it shows. There is a giant, giant chance of a bear market and recession. Now you may have also seen it. Defendants AMC have filed some new proposed settlement documents for the EMC lawsuit.

This proposed agreement proposes a new settlement to those plantiffs on the condition that they agree with AMC's denial of all the wrongdoing and liabilities. It says defendants AMC deny any and all allegation of wrongdoing, full liability or damages with respect to Plantif's released claims, including but not limited to any allegations that defendants have committed any violations of law or breach of any Duty owed to Holders of AMC cotton stock. Defendants maintain their conduct was at all times proper and in the best interests of the company and its stockholders and in compliance with applicable law. And as a result, a settlement payment of one share of common stock for every 7.5 shares of common stock held by all holders of AMC will be issued after the reverse split or at the same time as the reverse split.

Now, Alleghenyev again agreed to this lawsuits were effectively we're just waiting for the courts once more to pass through this lawsuit and make sure everything is okay. but it seems that once again, Alex Jenny agreed to this settlement, payment of one share of common stock for every 7.5 shares held and Ali Jenny are perfectly happy to agree that AMC has not done anything wrong and has not breached any kind of laws or duty of care to anyone at all now. Finally, I also wanted to talk about another film about the January 2021 run-up that will be released later this year. It says Hollywood's upcoming film, Dumb Money depicts the 2021 events surrounding the Mania behind the GameStop stock.

Seth Rogen will star as hedge fund manager Gabe Plotkin who lost billions of dollars on his GameStop sure Nick Offerman will portray Citadel founder Ken Griffin while Paul Daniel will star as Keith Gill AKA roaring Kitty this is the GameStop short squeeze of 2021 is headed to the big screen later this year and will portray the wild Saga behind the video game retailers soaring stock price in the early days of the pandemic. Now we can see from IMDb This is expected to be released around October of 2023, which should be a brilliant, brilliant film again, especially getting Seth Rogen to star in this film film and to actually play gay plucking. Of all people, it should be brilliant. As I said, looking at the cast, there should be a brilliant film and it's absolutely one that I'm gonna go and see in Odeon Cinemas which is effectively UK's equivalent of AMC that's actually owned by AMC as well.

So guys, be sure to let me know down in the comments below whether you'll be going to see the money in October of 2023. Also guys, be sure to drop a like down below: subscribe the channel and ding that notification Bell because that way you'll be alerted when upload a new video. Cheers!.