$GME
$AMC
If anybody is confused about what is going on with GameStop and amc, and why 1/29 is so important, the short sellers short sales expire on Friday. This means that they are forced to buy the shares at whatever price they are at if they do not buy before Friday. If we hold until Friday, they have no other choice but to buy, triggering the gamma squeeze. Only 6 million shares have been sold to short interest when Melvin closed their position today. There is 66 million remaining, and by those calculations, the stock will rise at minimum 1650 dollars more per share if we were to only sell shares at $320. But as we know, share prices rise when demand increases, so it’s hard to calculate, but if we hold our shares about $225 tomorrow, the gamma squeeze is forced to happen, leading shares to rise somewhere between what could be $3000-10,000. Bottom line, mathematically we have to hold through tomorrow and we will be making 10x-40x even if you bought at 300. HOLD
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