Sell AMC, Go APE

Summary

  • An update on my worst idea for 2023.
  • It is still edgy and actionable but needs to be sized with care.
  • Unlike most equity investments, it also comes with free Oreo popcorn.
  • Looking for a helping hand in the market? Members of Sifting the World get exclusive ideas and guidance to navigate any climate. Learn More »

Common chimpanzee

Andyworks

I recently disclosed my biggest position as well as my best new idea for 2023. In both cases, my view is that they are bargains - anyone buying Amplify (AMPY) under $10 or Innovate (

FAQs

  • Q: Why am I only reading this when the price is over $2 instead of under $1.50?
  • A: Because you're not a member of Sifting the World.
  • Q: Why don't you immediately give away all of your IP to anonymous internet trolls?
  • A: It is a bad business model. Worse than AMC's, in fact.
  • Q: I didn't read the article, but have something to say about it.
  • A: That isn't a question. But you can still comment below. Or could read the article first, where most questions are answered.

This article was written by

38.44K Followers

Chris DeMuth Jr., is the founder of Rangeley Capital.

Chris runs the investing group Sifting the World, in which he shares his best ideas, deep research, extensive resources and real time updates as investments play out. The group contains an experienced community that shares specialized knowledge when members have local knowledge of opportunities under discussion. Learn more.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of APE, FOR MY SINS either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

https://seekingalpha.com/instablog/957061-chris-demuth-jr/5549358-legal-disclosure

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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