Charles V Payne from the Making Money with Charles Payne show on Fox Business has been defending and fighting for retail investors from the start of the “meme stock mania” back in the early days of 2021. Even in late 2022 Charles Payne is still loud and clear that he wants what is best for the everyday retail investor, and although the average joe might not have the most money or power, he still wants their voices to be heard.
Charles was nice enough to utilize his platform on Fox Business as well as his following on his social media pages to put himself on the front lines and stand with the AMC Stock and Gamestop stockholders, and fight for what they believe is right and fair.
Charles in a recent tweet said: “imagine shorting $AMC at $16,00 I’ve always said shorts would have dropped two atomic bombs on Nagasaki”
This is quoting a tweet from famous ex high frequency trader Dave Lauer saying “According to analysis from BuyInsnet shorts are underwater in AMC and deeply underwater in GME. Squeeze prices (the price at which shorts are losing money) are $23.51 for AMC and $16.46 (!) for GME.”
In the tweet above we even see Charles tweeting with another AMC shareholder saying that he is excited to see some positive movement of AMC but will be “Ready to talk smack at $1,000” per share. This is once again confirming Charles Payne’s true conviction in the play and in the longer-term vision that he and the apes share.
Charles Payne has been such a great asset to the AMC stock community, and has been the powerful voice that the retail investors need in a time like the one we are currently in. The closer that we seem to get to the massive AMC short squeeze the more we need all hands-on deck. Retail investors are expecting that at some point AMC short positions held by large institutions will need to be closed. If the share price of the popular meme stock AMC continues to drop, the more collateral will be required of institutions, making it less accessible for institutions and hedge funds to open short positions. THE DTCC recently has increased margin requirements.