After hours decline, the broader market and why hedgies are trapped. Information is power…tonight’s edition of the more you know

$AMC Entertainment(AMC.US)$ $AMC Preferred Equity Unit(APE.US)$ In case anyone is wondering, nothing has started yet in my opinion. There hasn’t been any closing of positions, covering, hedging etc. amc/ape is still following the broader market, ie the spy. Spy dumped after hours, because of 🍎 stock. They missed their expected eps of $1.94 and wound up reporting $1.88. The market is heavily weighted on big cap conglomerates like Apple and move accordingly. As such, given we are still locked with spy, amc and ape follow in a little decline.

What amc and ape is looking for is a decoupling from spy. It will be extremely obvious, and look something similar to the June run up, action wise. Price discovery is tbd, me personally I’m shooting for the moon, maybe andromeda. Don’t mistake days like today for covering, closing etc. that is not what’s going on. I’m confident that with the astronomical borrow fee 900+%, the margin requirements for shorting, the conversion and reverse split, that day is coming and coming fast. It will not be able to be mistaken. I’m curious if we will see lenders starting to recall shares so they may vote, as they need to adhere to the same rules of having shares in their possession in order to vote as we do, so the 8th is a tough date for them. May be where the price action is coming from. I presume since there’s so much Fud prevalent this week that may be the case, but I’ve been wrong before.

With the cusip changes looming the 14th of March has to look like a prison sentence, which by my account, rightfully so. There is absolutely no way out of it, hence why the vultures are raising the fees. Anyway, just wanted to write this up before the copious amounts of this is crime posts appear. There’s definitely crime, but this is because of the broader market.