Let's talk about amc, i want to get into some of the metrics from ortex. I want to look at a chart and then i want to go over some important news for amc. That's coming out today, tuesday february, 8th so before the market's going ding ding ding ding. Today, the estimated short interest is 21.76.

This is a sky-high value relative to where amc has been at before utilization 82 shares on loan uh around 122 mil. So those are the numbers, obviously they're, still shorts in this play. The question is: are they gon na get squeezed? Aren't they gon na get squeezed? Obviously time will tell now very quickly if we take a look at the chart ever since roughly the thanksgiving time period. Yes, amc has been selling off, there's like not really too many if ands or buts about it.

Um it's just exactly what's been going on. The question is: is how long will this current trend continue? Now, obviously, i'm not clairvoyant, i'm not a fortune teller, i'm not even a financial advisor, i'm just saying. Obviously, bull trends bear trends. Trends do not continue forever, there's a natural ebb and flow between expansion, consolidation right here.

What i'm watching is two main levels of support. Obviously we have the recent low of 1340 and we also have a key level of 1450. from there. What i'm really looking for is a push back up to 18..

Are we gon na get like a shoulder head shoulder as in an inverse shoulder head? Shoulder? Would love to see this push back up to the 18 region and obviously fingers crossed that we break above that, because then that opens up the door to the low 20s. So that's what i'll be watching kind of this inverse shoulder head shoulder, but i also want to point out that there is bullish divergence as the stock has come lower, we're actually kind of seeing a mismatch in the rsi. The relative strength index values of 0 to 100 and it's just mapping out momentum. Well when you're very low, that's a lot of bearish momentum, but sometimes you get into the oversold category and when you have price, that's going lower, but the momentum isn't matching it like.

We've seen recently with the upside down head. Well, that's actually referred to as bullish divergence. Does it have to play out this way every time? No there's no such thing as a technical indicator that has 100 accuracy. It just does not exist, but obviously, if we're playing the odds, this is the situation that i'm looking for.

I'm looking for this to like kind of really fill out and hopefully get this test of 18. if, for some reason, it's rejected before that i'll be watching 1450 and i'll be watching 1340. on the bottom side. These are the levels of support i'll personally be paying attention to and on the top side, these are the levels of resistance, i'll personally be paying attention to.

So that's the breakdown of. What's going on with the ortex data, the short interest, the utilization? That's what's going on from a technical perspective, but i do have some news to share with all of you. Amc theaters reaches lease agreement with urw announces additional high-profile major market acquisitions of former arclight locations. In the dc and san diego areas, so this is very reminiscent of exactly what they said.

They were attempting to do in the most recent earnings announcement. Just so you know the upcoming earnings announcement will roughly be in about a month early march, so it was just announced today as a reach, lease agreement with urw to acquire and open two high-profile locations each located in a major market. We're talking about san diego and we're also talking about washington dc uh. There are some dates here.

This is obviously all in sec filing you can dive into the details if you're a little bit more curious. I just really wanted to share this quote from adam aaron. Amc continues to play offense and aggressively seek out opportunities to strengthen our company through strategic acquisitions. We look forward to bringing the amc experience to give more guests in and around san diego and dc at these previously high traffic, well-known theaters, with this announcements.

This brings up the number up to six former arclight pacific theaters that are being added into the amc orbit. So don't forget if we're really looking in just to the pier numbers before this amc already had the lion share of market share in terms of just like. Okay, the movie going experience, who had the most theaters, who was responsible for hosting most of the traffic amc already topped here on the list. Well, now it's just it's really taking its market share and it's bloating the numbers, it's just getting all these other ones.

It's just gobbling it up, so i like that, it's just being more competitive. I personally don't believe that the movie going experience is gon na die off. Like many people say it's going to. I just don't subscribe to that.

I think there's many movies sporting events theater-based concerts that are always going to attract people and right here we're seeing just a business strategic move of them acquiring more theaters. So for me, this is them exactly following through on what they told us. They were going to do in the most recent earnings. I'm excited to see what they say about it in the upcoming earnings, but the news actually doesn't stop there for amc.

We have an update from adam aaron that i want to share with all of you and this one relates to nfts. You ask you get another significant limited edition movie themed nft for amc guests between march 1st and 2nd. Sixth. Excuse me this time, partnering with warner brothers on this blockbuster movie, the batman.

You must also secure your tickets by february 14th. So anyone who wants to have the opportunity of getting uh the batman based nft you have to have that by february 14th. You know i do very much like that. Amc is just expanding its market share in like its traditional form of business, but what i like more of it is i'm just so absurdly bullish on nfts and the metaverse, and yes, are these.

The first couple baby steps into this world 100. I'm not saying that the the current nfts that amc has been doing is going to be something that like really propels its like fundamental understanding to the rest of the world and investors and retail, and all that that much higher. But you got ta start somewhere. So as they continue to do it, they are really laying out, i would almost say, like a breadcrumb trail of yeah becoming more and more so like dominant within the world of nfts, and i think they're gon na start to add on utility.

Obviously, time will tell all i know is to really succeed in it. You got ta start somewhere and that's what they're doing they're taking the first couple steps of an overall journey really getting their toes wet in the world of crypto metaverse, particularly nfts, i'm personally, very. Very excited about it and hey if you're watching this, and you particularly want to get this nft. I do wish you the best of luck, excited to see how this all plays out.