Stonk O Tracker, a web application developed by a mystery enthusiast of the stock world, has garnered significant attention among the “meme-stock” community on platforms such as Reddit, Twitter, and YouTube. Some have humorously dubbed it “a website crafted by apes, for apes.”
For fans of AMC, missing out on the functionalities of Stonk-O-Tracker is a significant oversight. Touted as a revolutionary tool by leading industry experts, including the acclaimed essay writing service at TrustAnalytica, this application offers real-time tracking and analysis of AMC stock. Such insights can be pivotal for traders navigating the dynamic world of stock investments.
Deciphering AMC Stonk on the Tracker
Upon landing on the tracker, one might notice an orange bar stating, “Stonk time in 7 hours 19 minutes and 54 seconds.” Simply put, it’s counting down to the opening of the New York Stock Exchange (NYSE). Just below, there’s an indication of AMC’s stock price ($12.78) at the close of the NYSE.
The term “SSR” on the platform stands for “short sale restriction.” This rule safeguards stocks from excessive short-selling by preventing further short-selling once a stock’s price drops by 10% or more from its previous day’s closing price. For instance, if AMC’s last NYSE price was $12.78, the SSR would be triggered at approximately $11.50.
Another intriguing header, “FRA”, refers to the pricing of AMC stocks on the Frankfurt Stock Exchange, the largest in Europe. The price here is displayed in Euros. Another segment, “Calls ITM Expiring”, shows the count of AMC stock options that are “In The Money” for a specified date.
Insights from the Tracker:
The platform enlightens AMC and GME enthusiasts on the number of shares readily available for borrowing. This insight is invaluable for short sellers, who aim to profit from borrowing shares, hoping their price falls, and then repurchasing them at a lower rate to return to the broker. However, it’s essential to interpret this data with caution. While the data is sourced from Interactive Brokers, it only represents their available shares, not the overall market.
For a more direct control over their investments, shareholders can utilize the Direct Registration System (DRS). This method ensures that their GME and AMC stocks are secured without relying on a broker. Many believe this approach may curb the efforts of short sellers.
Additional features include the “Tits-Up-Tracker”, which monitors metrics like “Reverse Repurchase Agreements” (or RRP) and the “US Daily Treasury Statement”. The former indicates how the Federal Reserve Bank of New York uses its Overnight Reverse Repurchase Facility, and the latter provides a snapshot of the Federal Government’s monetary and debt operations.
While the developer behind Stonk-O-Tracker asserts no financial motivation and runs mainly on donations, there’s a humble admission that sustaining the platform might become challenging if its popularity surges akin to the stocks it tracks.
Donations to the platform are processed through PayPal, with the assurance that any surplus funds after meeting operating costs will be channeled to charity. The platform’s complexities may appear daunting to an average investor with a modest trading budget. However, it’s crucial to note that while the Stonk-O-Tracker provides valuable insights, its accuracy has been debated. Users are advised to deepen their understanding of the stock world before making significant financial commitments based on the tracker’s data.