Wall Street Titan SELLS AMC Position!
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DISCLOSURE:
I have a beneficial long position in the shares of AMC & GME either through stock ownership, options, or other derivatives.

Let's talk about amc, gme, tesla, a big brain mathematician and some massive movement in the market, jim simmons, brilliant. He was a code breaker mathematician at mit multi, multi billionaire. He runs one of the most successful hedge funds period. It's crazy! It's a big quant fund um.

I think it's parked somewhere out in like a long island like it's kind of off, it's not in manhattan and they like they're, just a whole new take on hedge funds. They have one fund within the company called medallion fund and, like people haven't been able to get in for years and years and years and the returns are extraordinary. Some say a little too good. I think the company is like 300 people and maybe half of them have phds.

It's all. Just these big brains run by like a mega big brain. It's crazy! It's crazy! It's crazy! Well! He has had a little bit to do with amc and jimmy in the past now that we get from the sec filings. Well, we have a big update because, because the quarter's end we know what rentec is now in.

So it's always interesting to see what these big brains are kind of been doing with. Lately, renaissance technology has more than doubled its stake in tesla supercharged, its gamestop pet, and actually ended up slashing its amc holdings for the first quarter this year, so jim simmons uh nsa code, breaker mit math, professor, like a true genius. Previously he had a decent portion of tesla. Well now he amped that up uh he went from 786 000 to 1.7 billion, so he is betting big currently on the value of tesla, so very, very bullish on tesla.

Now, when it comes to gamestop in the last filing, we knew he had 2 600 shares. Well, they jumped that up to 307 000, which means now they're betting about 51 million dollars. They are long. They are bullish on gme and finally, last but not least, kind of going the opposite way with amc.

They used to have 1.8 million shares and they cut that by about 61, but just in terms of numbers, their amc and their gme filing are now about equivalent. So amc about 45 million dollars worth and jamie was 51., so it's coming down. They used to have 127 million, but um apparently a little bit more biased towards gme, at least at this moment in time now, when you talk about rentec, i want it to be known that this is a quantitative firm and whenever we get these sec filings, it's A snapshot of one day there's a fair argument that rentec could actually be actively trading and that's just what they happen to have that day. So is that what the numbers are at this exact moment in time, most likely not, they could be a little higher.

They could be a little lower, they could be a lot higher, they could be a lot lower. You don't know because we get them every quarter and the results that we get publicly are just from exclusively one day, rentec a little bit more of an active trader. Uh, does that mean that they're actively training those positions? Maybe a combination, maybe one two or three of them? Maybe you don't know unless you're inside the company, so i just want to give a little bit more of an overview of what this means, but i always find it fascinating when you have a hedge fund that is being run completely by quantitative mathematical models. Actually, loading up on some of the names that a lot of the retail trading community speaks about the most.
So if you know anything about this or if you're, just hey like i've, heard about this, or do you like it, do you dislike it? Obviously, let me know in a comment below.

22 thoughts on “Wall street titan sells amc position!”
  1. Avataaar/Circle Created with python_avatars jtuno122 says:

    I don’t trust news stories. Just because an article says something, doesn’t mean it’s true

  2. Avataaar/Circle Created with python_avatars Marro Lam says:

    And this guy advised people to buy AMC at $50 – $60 🀣🀣🀣

  3. Avataaar/Circle Created with python_avatars Midway Inn says:

    Was Bridgewater purchase more or less than rentech? I'm to lazy to look it up

  4. Avataaar/Circle Created with python_avatars Creations 2022 says:

    Dang it…. i noticed on yahoo and other sites its showing Mr. warren buffet getting out of the stock market and selling off shares. Hmmm what on earth is going to happen or is there a WWW3 really coming? Elon already sold his $4B just 3weeks ago. What are all the ETF accounts up to? These ETF markets have already taken profits so its essentially our money in the market now. Were getting fried like chips in hot oil if the Feds dont resume the interest rate to at least 3-4%. The free lunch is over from the feds.

  5. Avataaar/Circle Created with python_avatars Chaos In Roswell says:

  6. Avataaar/Circle Created with python_avatars [SFW]Mark says:

    Im in the hole AMC$47 and GME$119 per share. I haven't sold. I'm waiting for my chair on the rocket.

  7. Avataaar/Circle Created with python_avatars Be happy says:

    Deeply disappointed dude. U are not with us, u paid rat.

  8. Avataaar/Circle Created with python_avatars Joel Miscione says:

    Shame you are a clown on amc now….

  9. Avataaar/Circle Created with python_avatars Jon The Trader says:

    you say this story but don’t mention ray dalio? you couldn’t mention both of them at least? just the negative one? … smh

  10. Avataaar/Circle Created with python_avatars Christer Grass says:

    Money talks, Matt has a price and many other youtubers have sold their balls for ez money. Don't be a fool and stop follow these clowns. They have made millions on this movement and they don't give a shit about you

  11. Avataaar/Circle Created with python_avatars Rudy says:

    Ok thanks for info.. but why are you talking about all the institutional buying that took place???

  12. Avataaar/Circle Created with python_avatars mohammad dais says:

    Don’t get excited her did buy to sell to everyone they all work together my friend

  13. Avataaar/Circle Created with python_avatars David Kingston says:

    Anyone else loose 20k plus on Luna hahaha. I need this squeeze so bad right now but with my luck I'm living on the streets soon haha.

  14. Avataaar/Circle Created with python_avatars DanielRedman says:

    Yet Ray Dalio just sold his Tesla shares and loaded up on AMC. He is a god investor, one of the richest people in the world. Short squeeze is imminent.

  15. Avataaar/Circle Created with python_avatars Jeremy Brongiel says:

    The one piece of the story being left out is the fact that they doubled down in Feb. we know he doesn’t hang on long. He could have easily sold some to buy dip on Tesla because of value

  16. Avataaar/Circle Created with python_avatars Sam S says:

    horrible thumbnail. clickbaiting dork

  17. Avataaar/Circle Created with python_avatars Don-Sees-Your-Sheyd says:

    Is it possible that some of these huge funds that hold AMC and/or GME aren't making an investment-proper; rather, they are stockpiling shares that they lend, or allow others to simply label as a "locate" for their options plays? I'm sure there's all sorts of weird swaps that these big positions can be part of. Or is that just something that doesn't occur. Sorry if I sound skeptical and cynical. This whole saga has made the ground state of my day to day outlook suspicious and glum

  18. Avataaar/Circle Created with python_avatars Yia Yang says:

    He bet big on tesla but tesla china is not working for 1.5 month now because of lockdown.

  19. Avataaar/Circle Created with python_avatars BalΓ‘zs SzΓ©mann says:

    very clever guy the prof 🀣 bullish on gme but sells amc when they move together all the time πŸ€£πŸ€£πŸš€πŸš€πŸš€

  20. Avataaar/Circle Created with python_avatars Martinez Nickson says:

    The U.S. House approved more than $40 billion more aid for Ukraine, as Congress races to keep military aid.

    I have bought $SKYH

  21. Avataaar/Circle Created with python_avatars Life of a Noble man. says:

    Am I tripping or is this title a lil weird..?

  22. Avataaar/Circle Created with python_avatars Robert Robinson says:

    I’d sell my soul for a squeeze right about now.

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