ChrisOh
2021-10-14

AMC is the new safehaven because no matter what happens Apes are holding on. That's the fundamental definition of a "safehaven" security / asset. If market crashes, SHFs will get margin called and be forced to close AMC short positions. If market keeps gaining, SHFs will use the leveraged money and keep shorting AMC, but that will only delay the inevitable because Apes aren't selling. We definitely have the advantage here. Just need to remember one of Buffett's golden advices "Stockmarket is the device to transfer wealth from the impatient to the patient". Been with AMC since January and not leaving until shorts are covered

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