AMC shares crash: Are you ready for stock conversion?
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AMC at $3 is no different than $300
I wouldn't sell at either price?
I've learned too much to give up now. How about you? Are you tired of "them" stealing from you (and everyone else?)
Instead, I smell their desperation. They know exactly when the Black Swan event is, and what the other side of that looks like for them. Ask yourself a question? Why wasn't AMC $3 a year ago if they could do this any time they wanted to do it? Why are banks failing? How did they sell 93M $APEs yesterday when institutions do not even hold 93M in total? Are we supposed to ignore that short volume is still well above 50%?
Nope...not me. I'm not worried in the slightest.
See you Friday morning, when they likely break some more rules to survive the day...
$AMC Entertainment (AMC.US)$ $AMC Preferred Equity Unit (APE.US)$
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