AMC dropped 30% yesterday..... AFTER the market closed. HIGHLY UNUSUAL. - The Great Awakening

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AMC dropped 30% yesterday..... AFTER the market closed. HIGHLY UNUSUAL. (media.greatawakening.win) 🔍 Notable

posted 1 year ago by Datasinc 1 year ago by Datasinc +151 / -1

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– TomPaineSentMe 2 points 1 year ago +4 / -2

Or a big news story came out late in the day

AMC Stock Tumbles After ‘APE’ Conversion Approved by Court

Shares of AMC Entertainment were sinking in late trading Friday after Bloomberg reported the firm won approval to move ahead with a planned conversion of AMC Preferred Equity, or APE, units into common shares.

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– Datasinc [S] 3 points 1 year ago +4 / -1

or read my comment.

Likely this event: the settlement got approved by Judge and it came out after hours. That means that Conversion and RS for them is moving forward. Which is good for shorts, AA and AMC, bad for retail investors.

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– TomPaineSentMe 1 point 1 year ago +2 / -1

Then why the surprise if you know a big news story broke

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– merf 0 points 1 year ago +2 / -2

...or maybe don't bury the lede...

https://www.dictionary.com/e/slang/bury-the-lede/

Bury the lede is an expression that means to fail to mention the most important or interesting part of a story or anecdote right at the beginning, and instead insert it at some other point in the telling, as if it weren’t that important.

And the ticker for APE shares is APE, AA is Alcoa.

u/#q4148

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– Datasinc [S] 1 point 1 year ago +2 / -1

So "burying the lead" in your opinion is putting that in the second paragraph after something else I deemed more important, an explanation that this is not retail causing the drop but institutional selling?

That's some ADHD reasoning for you not reading the comment I provided right out of the gate.

Take responsibility for your lack of reading instead of blaming others.

Good day.

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– merf 0 points 1 year ago +3 / -3

Sadly, this is an instance where traditional media did better than anons:

Your attempt:

AMC dropped 30% yesterday..... AFTER the market closed. HIGHLY UNUSUAL.

Legacy media who didn't bury the lede:

CNBC: AMC Entertainment gets approval for revised investor settlement, preferred stock soars

Barron's: AMC Stock Tumbles After 'APE' Conversion Approved by Court

Deadline: AMC Entertainment Can Breathe Easier As Judge Approves Revised Shareholder Settlement; Means Theater Chain Could Raise Fresh Cash

Seeking Alpha:AMC slides 24%, APEs jump as new stock conversion settlement is approved (NYSE:AMC)

MarketWatch: AMC shares fall 27% after court OKs revised stock-conversion plan

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... continue reading thread?

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