A thought struck me today. There's a big debate on whether AMC is a legit short squeeze or just a distraction. Could it be both?
In wildland firefighting, it's important to establish a firebreak. Sometimes, this means a controlled burn. When the wildfire reaches that area, it can't spread because everything is already burned.
Obviously, there is some risk to this strategy, because if you lose control, you just have a 2nd wildfire on your hands.
I think this is what we're seeing with AMC. HFs have been using AMC as a firebreak, but the conditions are so volatile that they nearly lost control this week.
Maybe I'm right; maybe I'm wrong. With all the lies and manipulation flying around, the wrinkle brains will spend years trying to sort all this out.