** Buildup to Q4 earnings (released end Feb to Early Mar) have been positive for AMC
** Somehow there’s minimal short selling by algos in Q1
** AMC may be in debt but they are in a financially stronger position than in 21 and 22
Edit: 20 and 21. Currently benchmark is 22.
** Current SI and CTB is waay higher than the January for the past 2 years. The spring is getting loaded and pulled further and further. Not too worried about the larger float and it’s a common myth that small sized float stonks squeezes better.
** 2023 Q1 movies are rock solid. I’d rather have releases that are consistently good rather than one hit wonders (e.g Dr Strange was an impactful release in 2022 Q1 but the movies alongside it during that period were pretty bang average)
2023 Q1 alone we have Ant Man, Creed III, Scream 6, Shazam!, John Wick, D&D lining up. I’m not even gonna hype you up for Q2’s which is even better.
I would like to believe that AMC has reached its low of $3.77 and it was the short seller’s best chance to bring it down even further (but they can’t as the S&P500 somehow indirectly cushioned the fall of retail stonks).
APE price action is interesting too but tbh I’d rather buy AMC as they contribute to the main thesis (and also less volatile due to more holders)