Hedge Vision's avatar
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Jim Chanos Shorts $AMC, Goes Long on $APE
Jim Chanos shorts $AMC and goes long $APE. He believes there is an arbitrage opportunity and that AMC and APE should be worth roughly the same.

-Same # of shares outstanding
-Same voting rights

AMC closed at $9.56, while APE closed at $7.02.

Difference: 36% (to the upside)

“Functionally, the two securities are the same. And I’d guess the apes will be putting pressure on Mr. Aron, if the discount continues, to make it freely convertible sooner rather than later,”

-Chanos

APE units began trading earlier this week and are preferred, which means that in an event of an AMC bankruptcy, APE shareholders will be eligible to receive payouts before AMC shareholders.
I saw this and can't make my mind up if it is smart or dumb. On paper it does sound smart but when "messing" with the Reddit gang it is best to just leave things alone imo.
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The Bear Market Returns
Good morning CommonStock! Stocks look to continue the sell-off from Friday, with futures down across the board and meme stocks getting beat up…

$AMC is down 33% this morning. $GME down about 5%

There is no clear catalyst for this move downward. We have some earnings this week and the Fed’s Jackson Hole Symposium, which kicks off Thursday, but there have not been any new developments where interest rate policy or the economy are concerned.

More here:
Yegor's avatar
$181.8m follower assets
What Moves This Stock?
Bed Bath & Beyond Inc
For this week's What Moves This Stock, I wanted to point out $BBBY and human nature of greed...

From 8/1 to 8/17 BBBY has moved around +300% and then down -50%.

You don't have to be a genius to know that this is not normal and yet people still are trying to catch the hype train of the next short squeeze to try and ride the momentum up.

People on social medias will hype up stocks and share stories like:


or "activist" will take a stake in company to see "turnaround" and help shareholders just to sell everything and make a killing on hopes and dreams of others at the first chance they get.

I understand that humans are social creatures but when it comes to YOUR money, you must not let opinions of others dictate your executions, if you do... you will (in the long run) not be satisfied with the end result.

At the end of the day when it comes to investing its every man/women is for themselves, so please don't make the mistake of trying to ride the high of getting rich quick.

While $BBBY (it seems) has ended its meme game (for now), shareholders of AMC $AMC and still on the train and getting more and more excited by the same crap from the gurus and management teams while management is getting richer the actual shareholders are getting played... but $AMC story is for another day...

Bed Bath & Beyond is not potentially a value play or that you can't make money. All I'm trying to say that if you are going to play this game, you must know the rules and don't end up getting played.

"If after ten minutes at the poker table you do not know who the patsy is—you are the patsy."
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Really interesting post Yegor 👏🏻 keeping that “I understand that humans are social creatures but when it comes to YOUR money, you must not let opinions of others dictate your executions, if you do... you will (in the long run) not be satisfied with the end result.”
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Paul Cerro's avatar
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