Today I Want to talk about how short sellers have been left living in fear of AMC with some shorts like Andrew left Citroen research even scared to go outside I Want to explain why these shorts are scared and Freddie shorts that aren't scared I Want to explain why they probably should be. So stay tuned and let's make some money. And now I drive straight in with the key information. so stock sense Frank Tweed Saying the Justice Department closes in on short sellers FBI Agents raided the homes of prominent shorts last year.

Now, criminal charges may be imminent Bloomberg Have said that anxiety over the Justice Department's investigation intensified several weeks ago when the head of its Markets Integrity and Major Frauds Unit predicted at a legal conference that the public will start seeing results Within a few months. The head of the Department of Justice frauds unit didn't elaborate, but since then short sellers have buzzed over who among them might be in the process. Bloomberg Said two years after, FBI agent showed up his California home to seize computers and phones the short seller who terrorized more than 100 companies and riled an army of meme stock. Traders is describing what it's like to feel hunted his pioneering firms Citroen Research no longer has investors he's all about stopped pitching ideas publicly and he's even wiped his once feared Twitter account.

The Department of Justice hasn't yet brought any allegations against Andrew left, but his short positions have already cost him dearly. He took massive losses short in GameStop in 2021 and finds himself ostracized in the industry and personally. and Frank said that he expects to see criminal charges filed against some or all of the subjects of this probe within the next few months. He said the government takes its time, but when it hits It's hard.

So this comes from an actual Bloomberg article which is this one about short seller Andrew left being left living in fear of Defense It's crazy to see that some of these short sellers have been left living in fear so significant efficiently that some of them are even scared to go outside. And it's also interesting that these shorts are buzzing between themselves who exactly is in the department of Justice's process? I Think especially now that Bloomberg have released this article just a few days ago on the 11th of July 2023. I Think the Department of Justice announcement is edging closer and closer. Obviously the answer for these short sellers is to not do or stop doing illegal things and then they won't have to live in fear so much.

Not Only would they not have to live in fear of the Department of Justice but they also wouldn't have to live in fear of retail investors if they're not doing anything illegal. Shorting companies legally or going long on companies legally is absolutely fine because then the market is free and fair. but when certain illegal practices that are only available for some Market participants like those illegal short sellers start being used all of a sudden, the market is no longer free at fair. I Think As this Department of Justice announcement edges closer and closer, we're going to see more shorts being scared, but also more shorts being so scared that they stop that illegal short.

I'm sure there's obviously going to be some short sellers that believe they can outsmart the Department of Justice that will continue, but it's likely these short sellers will be the ones being caught. and I'm very much looking forward to seeing exactly what punishments the Department of Justice starts issuing out to these illegal short sellers, because don't forget, it's not going to be the same monetary punishment that the SEC can issue like a small 50 million dollar fine. The Department of Justice dishes out jail sentences and we can see that some short sellers are not scared of this Department of Justice investigation, but are scared of AMC itself. Roth Mkm has suggested the AMC entertainment Shares are still trading at irrational valuations.

Roth Mkm obviously believes that AMC should be bankrupt or trading below a dollar per share or whatever their target is now. Matt Tweet is saying it's interesting that short thing AMC should be valued below a dollar per share, but those same shorts are the ones paying 76.83 per share to shore. AMC Obviously, if you take the current share price of AMC plus ape and factor in that one thousand percent cost to Borrowed fee, these shorts are paying 76 dollars per share each and every year to short AMC. It's funny that analysts are the ones saying AMC is overvalued when these shorts are paying 10 times their position just to continue shorting.

And obviously it's not because they're choosing to pay 10 times their position to short, it's because they're forced to pay this amount because they're stuck in their short positions. stuck until the Department of Justice comes along and frees them from their positions by imprisoning them. Also guys, you can currently get a guaranteed free share of Tesla or of Google and a 100 cash reward which you could use to buy more shares of AMC GameStop or a vape. All you have to do is sign up to MooMoo using the link in the description below and make the required qualifying deposit.

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And these shorts are likely scared because the second quarter 2023 earnings season kicks off with Blackrock in just about an hour, with three of the big Banks Thereafter, JP Morgan Citigroup and Wells Fargo should shed some lie on a state of the economy, consume credit and banking stability. BlackRock City group and Ericsson are all expected to produce negative earnings results, and it would be interesting to see just how many other major Banks also produce negative earnings results and which banks announce massive losses. It would be interesting to see just how much these banks are struggling at the moment and which bank is closest to collapsing next. Because obviously, as we get more and more Banks collapsing and more and more short sellers getting closer to their margin requirements, we start seeing more and more margin calls.

And obviously, if we start seeing Bank of America Who currently lost over a hundred billion dollars experiencing those margin calls, we're likely to see stocks like AMC and GameStop starting to squeeze. Bank of America works very closely with Citadel and therefore likely also holds AMC short positions and even lends the majority of Citadel's margin. And therefore, if Bank of America themselves start being margin called, they may end up hauling loans they've dished out to Citadel effectively forcing margin calls upon Citadel as well. And Wall Street H3 Saying here's Tucker Carlson Interviewing Andrew Tate and Tucker says, wouldn't it just be easier to create a fake cryptocurrency? call it FTX and still billions of dollars from retail investors which is effectively exactly what Citadel and FDX did creating those scam FTX AMC tokenite Securities but he also said, did you notice this ape in the background Absolutely covered, head to toe in cash? This statue of a cash-covered ape was actually Central to the interview the entire time.

Now you may also remember that video of Andrew Tate speaking about bankrupting hedge funds that are currently short in GameStop and AMC. He himself bought a few million dollars worth of GameStop and AMC shares during January of 2021. Andrew Tate has expressed multiple times his dislike for the system and his dislike for those hedge funds as well. It wouldn't surprise me if this is indeed a sign that he's still holding those GameStop and AMC shares and wants more people to see the Apes as well.

This interview will be watched millions and millions of times and has already been watched millions of times. So that's millions of new people learning about cash covered Apes On top of that, I Think another reason as to why these shorts are scared is because the highest cost to buy rate for AMC ever was back in April. At 979 right now, it's already 977 percent and still going strong back in April This Sky High Cost of Brophy only lasted for three individual bars. I'm not sure if that's three days or three weeks, but we can see the current cost to borrow High fee has already lasted for numerous bars already and is still going.

That's why I've said multiple times: I Expect AMC's cost to borrow feed this time round to hit upwards of two thousand Three thousand if not five thousand percent. Finally Charles Security saying today in my take I'll take on the shorts and publicly Ask Gary Gensler for an update on Mmtlp Garagenzler said or asked or demanded at the end of his show saying hey, Gary Gensler look into Mmtlp. It will be interesting to see who the SEC charges next with their illegal Short Selling practices. It would be interesting to see if they go after just another small firm that doesn't have any relation to AMC Mmtop or others, or if they start going off the big guys for illegally shorting AMC GameStop and Mmtlp or if those big guys are actually being left to the Department of Justice.

But guys, be sure to let me know what you think down in the comments below. And as always guys, be sure to ding that notification Bell because that way you'll be alerted when I put a new video. Cheers!.