AMC & APE - What are You, a Monkey?That old adage about "buy the rumor, sell the news" is usually pretty decent wisdom.
It's worth noting that the APE airdrop opened at $10 and fell to $5 over the course of one day, while at the same time AMC's stock fell by $8 to compensate for the value inhered in APE.
You might think to yourself that this doesn't really matter, but it does, because all AMC options yesterday traded under "adjusted" to include 100 APE in the contract. It wasn't until today that a Sept. 16 AMC-only option appeared.
But in the course of the next day, while APE went up $2/20% to a plain ~$7, AMC itself has dropped below its May lows and the psychological $10 level, and is well on its way to revisiting 2021 prices.
This is yet another case illustrating the perils of following the Fabians that run the Marxist Reddit communities.
They're not "bros" trying to help you get rich. They're paid public relations shills who are there to generate volume for the institutions paying their parent corporation to bring in dead money to sell their bags to.
Whenever a new stock hits the market, the original price discovery tends to be pretty bad. If you're lucky, it'll act like something like Palantir PLTR did, where it didn't really make any new lows:
Before actually going "APE."
But keep in mind the differences:
APE is a WallStreetBets frontran dumpster fire coin for a collapsing theatre chain in an economy that should really be classified as on the cusp of entering the 21st Century's "Great Depression."
Palantir is a major AI-based Pentagon-backed surveillance company with Peter Thiel rooted in it.
Or you might, instead, wind up like Coupang CPNG, which lost half its IPO debut price in two months:
Before continuing to die in a muddy ditch during the stock market's biggest bull run of all time.
Regardless, AMC is not going to moon. It's going to drop, and drop, and drop, and so is APE.
After you've capitulated your bags for pennies on the dollar ahead of the new memestock pump cycle 6+ months from now, you might see a significant high.
But if you do, you'll only hear about it on Reddit after it's pumped, because you're supposed to buy high and sell low while Citadel sells high and buys low.
That's what they pay Reddit to do, because it's not a social media site filled with sexy college girls taking off their shirts because they like your attention, but because it's a social marketing and social influencing site where you're the product that is to:
Lose money
Intake a lot of porn
Carry water for the establishment leftist narrative
Be indoctrinated with Marxist-Leninist atheist junk
Additionally, you should really give some thought to being called an "APE." What are the implications of this term? That you're a low IQ animal who mashes the buy button with reckless abandon to "punish" hedge fund short sellers in some kind of rebellion against your father?
Don't you have any self respect? Don't you have any pride as a human being?
Why would you position yourselves alongside garbage like this?
This is the crux of the test, and Heaven is observing All.
