Noob Traders
Seeing a lot of FUD spread on YouTube and from shills here on MooMoo
Please do your own DD and make your own decisions. following the crowd is the absolutely number one way to lose money in the market.
Regarding APE / AMC - many people are saying to sell APE and buy AMC and others are saying to sell all. I can tell you selling APE to buy AMC at this exact moment in time is as stupid as It gets.
I personally am going to hold through the next 2-3 weeks as we will be likely seeing a market down turn starting Friday. (Fed to announce hawkish news regarding rates) Doing anything until after the recovery from that news is going to mean you are taking a loss for no reason.
simply put. don't be a paper hand b****
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71461494 : Yes their are people here that will steer you in the wrong direction so they can make money.
MrWittman : since your so smart show us noob traders how to do dd
Broseph OP MrWittman : Well DD can be specific to a stock or DD on overall market trends.
For example, the Fed is going to speak on Friday at Jackson Hole and HFs have taken massive (record breaking) short positions expecting there to be hawkish news regarding interest rates. (Hawkish = policy makers focused on controlling inflation AKA higher borrow rates)
This indicates the market will likely pull back and the rises we seen in July are going to be wiped out.
knowing this, you would see that AMC as a whole is actually standing up just fine right now.
stock specific DD in the APE example would be looking at traditional stock splits. typically after a company splits a stock, the value in the stock will still tend to rise. stock splits are typically a sign the company is doing well.
You can also look at things like how the media blasted AMC on Monday with negative news. This is a sign that the powers that can manipulate the MSM have their hand in AMC and want it to fail. They want people to paper hand their APE shares.
Next I would re listen to the Q2 earning call when APE was first announced. many of the shills trying to get you to sell your AMC / APE will say you were played by AA. but AA clearly announced everything the shills are trying to say was "fine print"
The point of DD is to take what you gather from the media and what other investors are saying and making a intelligent judgment call on how you should play your finances
Zerocool888 Broseph OP : Very very very well said!