$AMC Entertainment (AMC.US)$ Did anyone even doubt that the stock was being shorted? Seriously, Apes aren't selling. We are still holding tight. I have been holding almost a year and have only continued to buy more when they drop the price down.
The computers are playing Ping Pong. They are hoping we get discouraged and sell. They will play this game to wait us out. They are trying to figure out how to meet margin requirements as Evergrande is only one step above full bankruptcy. The MSM won't t...

My personal thoughts are that the price action of $Altimeter Growth Corp (AGC.US)$/ $Grab Holdings (GRAB.US)$ will be driven less by valuation/fundamental metrics and more by the intangibles. The emerging SEA market and its hot potential is very desirable for investors now, especially as a safer alternative to volatile China stocks. With few pure play ways available to invest there, AGC/Grab will certainly be a premium must have buy if not for its name recognition alone. After the merge I think the company will get a 9-12 month honeymoon show-me period before valuation metrics take the wheel and begin driving the share price.

Wait times for $Tesla (TSLA.US)$ iPhone 13, particularly the high-end models, are getting better in some of the tech giant's key markets, including the U.S. and China, UBS writes in a research note.
Apple shares up 1.65% to $168.03 in early Wednesday trading.
Analyst David Vogt notes that wait times - while still "elevated" - for the iPhone 13 Pro and iPhone 13 Pro Max have declined by two days since last week to 16 and 14 days, respectively. Wait times in the U.K., Germany and France also declined to 14 days, while the wait dropped to 16 days in Japan.
The wait time for the Apple iPhone 13 Pro and iPhone 13 Pro Max is 18 days in China, with the wait time for the 13 Pro "in line with last year's model," while the wait times for the 13 Pro Max "have yet to drop to the degree we saw last year despite the high price point suggesting stronger demand," Vogt adds.
The analyst expects December quarter iPhone units to come in at 80 million units and fiscal 2022 iPhone units to be 230 million, compared to 82 million and 235 million, respectively.
Vogt has a $175 price target on Apple shares, which includes $14 a share on Apple's auto opportunity.
On Tuesday, Taiwanese research firm TrendForce said Apple will unveil the third-generation of its iPhone SE in the first quarter of 2022.

$General Motors (GM.US)$
By far, the best thing GM could do for shareholder equity is to spin off Cruise and BrightDrop right away. Not only will this monetize about 40-50 billion for GM it will also allow these 2 new segments of their sizable battleship to grow their revenues more quickly without the weight of the mothership. By doing this it would also essentially force the markets to value the entire company (and/or it's holdings) at $100-110 billion. It shouldn't be lost on anyone they have 20 billion in the bank and will make 11-13 billion in profits this year.

$Lucid Group (LCID.US)$ What I always struggle with is that a stock price is only "partially" based on absolute valuations.... plus a whole lot of "perceived" value (e.g., meme stocks). Tesla's P/E at one time was over 1000 when the average S&P 500 stock was in the 20s. Its P/E is 368 today and a lot of people still see it as a buy, even with its valuation being more than the top 10 car companies COMBINED! Long on Lucid because of its great tech, excellent management, and future growth plans.

Incredible. $Tesla (TSLA.US)$ announces that they will try to get their production process up to industry standard after a decade of carmaking...and they announce it with pride.

$Bitcoin (BTC.CC)$ Singapore has moved forward with a spot Bitcoin ETF even as plans for similar U.S.-listed funds remain sidelined by Securities and Exchange Commission opposition.
Singapore-based fund manager Fintonia Group launched the country's first spot Bitcoin fund after receiving approval from the Monetary Authority of Singapore (MAS).
The ETF will actually buy and hold physical Bitcoin.
"The fund acquires 'physical' Bitcoin, meaning we will buy the actual Bitcoin [rather than] a derivative instrument on Bitcoin," Adrian Chng, founder and chairman of Fintonia Group told Fund Selector Asia.
Chng added that he believes Bitcoin is an excellent form of capital for loans, being that it trades 24 hours a day and seven days a week. Moreover, it's highly liquid, with approximately $30B to $60B exchanged per day.
Chng further noted that crypto-assets can be rapidly liquidated, in contrast to commodities and other tangible assets.
Price action for Bitcoin: +5.7% Monday and +100.2% YTD.
Singapore hopes to become one of the focal points for crypto-assets in the global economy.
"We think the best approach is not to clamp down or ban these things," Ravi Menon, managing director of the MAS, said earlier in the month.
By contrast, U.S. firms' have attempted to roll out spot Bitcoin ETFs but have run into SEC opposition.
Experts don't expect a U.S. spot Bitcoin ETF until mid-2022.

$Crude Oil Futures(DEC4) (CLmain.US)$ $United States Oil Fund LP (USO.US)$ $ProShares Ultra Bloomberg Crude Oil ETF (UCO.US)$ $Dow Jones Industrial Average (.DJI.US)$ Looking to lower energy prices, the U.S. announced earlier this week that it would release 50M barrels of crude from the Strategic Petroleum Reserve in concert with China, Japan, India, South Korea and the U.K. Much of the talk in the market is now focused on how OPEC+ will respond, with the possibility of a counterpunch if the group feels threatened. U.S. rig count adds another 6, extending 19-month high.
Bigger picture: While OPEC+ is scheduled to discuss production policy next week, the group's advisory body, known as the Economic Commission Board, said overnight the U.S. move could widen a crude surplus that's expected in early 2022. The excess would expand by 1.1M barrels a day in January and February to 2.3M and 3.7M per day, respectively, if 66M additional barrels were brought onto the market over the two-month period. Some OPEC+ delegates are also warning that releasing strategic reserves may lead OPEC+ to hold back crude supply in January. Crude futures -0.5% to $77.97/bbl.
"I expect oil to trade sideways until the next OPEC+ meeting," said Suvro Sarkar, energy analyst at DBS Bank Ltd. Meanwhile, the IEA has accused Saudi Arabia, Russia and other major energy producers of creating "artificial tightness" in global energy markets, urging OPEC+ to speed up the return of supplies.
Analyst commentary: Australia & New Zealand Banking Group expects OPEC+ will suspend its output hikes to provide a buffer to demand headwinds. Citigroup feels differently, saying it will likely stick to its planned increase of 400K bdp for January, because not doing so would undermine the alliance's claim of providing a public good and oil market stabilization. In any event, U.S. crude stockpiles rose by 1M barrels last week, the fourth weekly increase in five, according to the Energy Information Administration.