All right, i have an interesting story to share with all of you. I've been trading now for a little bit over a decade and it took me quite a few years to actually get any form of consistency and one way that i found consistency was actually kind of interesting. So in college i didn't know what i was doing. I started off as a mechanical engineer and then i ended up switching over to computer science.

Just because i had this neighbor during one internship. That's like i'm a coder. You should try it out and i started coding. I was like what is this, so i started coding sophomore year of college and then when i started that i decided hey.

This is for me. Let's study computer science. Let's become a software engineer. Well at that point during college i was learning also more about training.

So i become fascinated with this idea of making trading algorithms, i'm not talking about high frequency training, i'm talking about just a system of like hey, if it's two red days in a row, what's the chance of day number three being a green day and just kind Of back testing that data and coming up with systems that given enough data points, was net profitable, so i started that journey and there's great lectures online. There's great articles online there's many many books and i really dove into that and one of the i guess stories that was just so incredibly fascinated was this professor from mit who actually runs one of the most successful hedge funds of all time and we're going to Be getting into that in a second, but this is a guy that really really inspired me because it was a mathematician doing it. This wasn't a traitor. This was the guy who said, let's break down the math and just find whenever we have an edge and play that over and over and over again well.

This is the thing that, like really inspired me to get, take training more seriously and really get into my world of algorithmic training, and it's so so interesting that we are now at a point where that guy, the guy, who inspired me to get com started with All this is now officially in amc and jimmy he's been in it, but as i'm about to show, you he's actually upping his bet, which really has my mind. Turning because what are his quantitative models telling him about the current situation very, very exciting stuff. So let me switch right back over to this, so we can dive into the specifics of the story. Jim simmons rentec fund nearly doubled.

Its amc stake, reinvested in gamestop and trimmed its tesla bet last quarter. So this is the guy mathematician from mit wicked smart and he's made a lot of monies about by applying his knowledge of math and statistics to the world of the markets. Rentec one of the biggest and best performing hedge funds in history was founded by jim simmons. A former nsa code breaker and mit math, professor, the quantitative fund, trust algorithms, to decide many of its trades, resulting in significant changes to its portfolio each quarter.

This is what i'm talking about. This is not a human. These are a bunch of. I mean the last time i looked into the composition of the company.

It has about three to 300 employees, a hundred of which all have phds and they're in stem. It's like astrophysics, math engineering. These are a bunch of brainiacs who are using math to figure out whatever patterns they can and right here. The quantitative, fun trust algorithms to decide many of its trades, which is getting me wondering what are these algorithms currently seeing about amc and jimmy simmons fund ramped up its amc bet by 87 to 4.7 million shares last quartered.

It tripled its stake in the movie theater chain in the second quarter of 2021, then boosted it by almost 40 percent in the third quarter, meaning it has now increased it nine fold in the space of nine months, a nine fold increase in nine months by one Of the most successful hedge funds on this planet, rentec also disclosed a holding of 2 600 game. Stop shares worth about 400 000 at the end of december. After exiting the stock in the third quarter, the fund previously owned 5.1 million shares of the video game retailer in the midpoint of 2019, which have been worth up to 1.5 billion for a brief moment in january 2021, when the short squeeze uh capitulated. Gamestop shares into the catastrophe um kind of crazy.

They catapulted the gamestop high high high. Obviously they didn't get a chunk of that. It would have been worth 1.5 so they exited, but now they are once again back in, and this is from the most recent quarter filing so hopefully this catapults for them again into the future but um in the next quarter. We're going to be able to see did they up their bet more because, obviously it seems like they're in the tactic of slowly but surely adding, obviously even just using amc as an example with gamestop they're back into it, and i'm curious now with the next reports.

If we're going to see a little bit more purchasing a little bit more purchasing, obviously time will tell, but just to explain why. I think this is one of the most bullish, positive updates that we've had on amc gme in a minute. Let me just share a little bit more about this um, so why the medallion fund - this is a particular fund at renaissance technology, aka rentec, why the medallion fund is the greatest money making machine of all time. If you have heard of renaissance technologies.

This is exactly the one run by simmons the secretive quantitative hedge fund from long island founded by mathematician jim simmons. Then you probably know about the fun stellar performance, but what you may not realize is just how outlandish that performance was so once again. This is a particular fund within the hedge fund. They have multiple funds like that they're running there, but check this out.

We don't have to get into all of this, but look at this, so the black lines on the left are its performance relative to the s p that year. Well, as you can see, there are commonly absurd outperformances just year over year. Look how much these blackboards are dwarfing, the blue bars. That's the medallion fund versus the s p 500.

This is its performance over the past three decades and it is commonly crushing the overall markets. That's how impressive all these quantitative algorithms are, and that's exactly why this is a little snapshot of the performance of just one of their funds, but overall the fact that these people, their algorithms, are telling them to increase by nine fold their position in amc and to Re-Enter in gme, obviously i'm not a fortune, teller and they're, not a fortune, teller either, but damn their their algorithms are definitely borderline fortune tellers. So i'm excited. Obviously, i don't know how it's going to play out, but it's actually making me even that much more comfortable in the current situation involving amc and jimmy.

Obviously time will tell but to me this is a noteworthy bullish update and just to finally wrap all that up. Just so you know, for today, tuesday february 15th, amc is currently sitting at a short interest of 21.5 percent, with the utilization of a hundred percent and for gme we have a short interest just below 22, with a utilization also of 100. That's the update of just where we are roughly in mid feb.