Since the WSB and GME boom, AMC was pulled along with this due to large short squeeze options and the ‘internet apes’ gathering to fight against Wall Street and to potentially save this stock and company from going bankrupt.

AMC stock was holding a pretty solid line of $10 ish per share leading up to the boom which saw it head to highs of $62.55 which was a 500%+ increase. Now settling back to $36 the world's eyes are on this stock to see if there will be another pump or if this company will follow the downturn of other meme stocks such as Bad Bath and Beyond who just went to new lows of under $14 after booming to $52.89 during the squeeze.

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With big news of AMC having over 1000X the amount of shares traded than even exist being told by Adam Curry on the Joe Rogan podcast, naked shorting is now the topic of discussion in the industry and amongst traders. All of this goes against legality and compliance BUT these claims by Curry have not yet been confirmed. If they are true we may see this stock held or just plummet down to its original levels of $10 soon.

The reason for the rise of stock is now known to be due to the mass amount of oversold shares and with nobody to buy back these shares at the top it is almost certain we will see the downturn we have been preparing for in this stock and across the overall stock market.

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Expert analysis from the Live Trading guys on TraderTV live explain some potential upside for those holding the stock even though it’s not supposed to happen in a legal and technical sense.

There is no doubt this stock is one of the riskiest to trade in and investors may be dropping this company from their portfolio due to the uncertainty. It’s a day traders dream which can quickly become a nightmare if you are on the wrong side of it.