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dmerc

08/20/22 12:31 PM

#108077 RE: Biobillionair #108071

WTF? Brokers.will.need.to.cover.any.synthetics,but.you.advise.to.sell.AMC? If people follow your advice, you'll be feeding them the shares they need!! HOLD AMC, and BUY APE! Anyone with sense won't be selling APE, so we'll still have the majority of AMC AND APE.

JamesE_

08/20/22 6:07 PM

#108113 RE: Biobillionair #108071

Monday morning: AMC & APE at $9.01 each.
At least, that is what many expect.
However, their respective prices could quickly diverge.

AMC will continue to be heavily shorted; stop-losses could be triggered Monday when its PPS is cut in half; and everyone's attention will be focused on a shiny new APE. I suspect more than a few AMC shareholders will sell on the way down in order to buy more APE on the way up.

APE, at least for now, has no options, no shorts, and no naked shares. Its price should be determined solely by market demand without the heavy manipulation we see with AMC. APE is not technically an IPO, but it could trade similarly and be in high demand. While 516.8M APE shares are being issued, not all of them will be tradeable on Monday as some brokers won't deliver them until later in the week. In fact, brokers might be forced to buy APE on the open market to deliver to angry AMC shareholders missing their dividend.

It honestly wouldn't surprise me to see AMC below $5 and APE at $30 or more on Monday. However, as I said in a previous post, don't be too upset if AMC nosedives on Monday... It could be the dip before the rip if shorts begin covering.

(Not financial advice.)