Sell AMC, Go APE


  • 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.
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Common chimpanzee


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 (

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  • 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

Chris DeMuth Jr. profile picture
Value, arbitrage, and event driven top performing ideas
Chris DeMuth Jr ( founded event driven hedge fund Rangeley Capital LLC and research service Sifting the World

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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.

Additional disclosure:

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