AMC and APE CONVERSION - Long APE, short AMC for NYSE:AMC On March 13,$AMC Entertainment(AMC)$ and $AMC Entertainment Preferred(APE)$ shareholders will vote to convert APE into AMC stock and will reverse split the stock 10/1. AMC has stacked the vote in favor of APE so the outcome is guaranteed.But what will be the price of the combined stock after the conversion? There are roughly 500M AMC shares, and will be close to 1000M APE shares at time of conversion. A total of 1.5 Billion shares, or about 3x the current number of AMC shares.APE currently trades at about 1/2 the price of AMC . ($2.40-$2.60 APE/ $4.50-5.50 AMC )AMC March 17 put options currently are pricing AMC at around $2.
Vanguard Increases Stake In Bed Bath & Beyond; Can BBBY Recover? Are Meme Stocks A Buy?Exchange traded fund company Vanguard has increased its stake in meme stock $Bed Bath & Beyond(BBBY)$ , according to reports. As of Dec. 20, it owned 8.57 million shares or a 7.31% stake, compared to 8.20 million shares in the third quarter.BBBY is shutting down its Canadian stores. It plans to bring down its retail store count to 360 along with 120 buybuy BABY stores. Earlier, Bed Bath & Beyond declared that it did not have the cash to pay off its debts. Nor has it been able to find a buyer.The company also said it had defaulted on its $500 million loan with$JPMorgan Chase(JPM)$ .Caught between debt and a cash cru
$Occidental(OXY)$ Technically, if we close under yesterdays low this thing do the bed to 60 againIf not , I think we can head towards 70Having said that, never know what the pairs traders are doing with WTI or the CVX,XOM types.You guys hear about XOM REfinery in Beaumont coming online within 2 months ? 250k bpd mostly to fas and diesel and some jet
The pandemic curve may be slowing, but anyone who’s a knowledge worker knows Zoom is essential. Teams is horrible. Even when the occasional office day arises, it’s still packed with Zoom calls all day. There’s no escaping the remote workforce. Our teams are geographically scattered. Even if you go in person it’s still a day full of Zoom calls. Even if your team uses Teams they still say “let’s jump on a Zoom.” When hosting important large events Zoom is more reliable, has far better audio/video than any other platform, breakout groups work as intended. Zoom might not be close to $500 right now, but this thing is way way oversold given their market position. The licenses are expensive and major organizations have embedded ZM into their operations. The pandemic might fade but it’s accelerate
This hurts. I had a 115 Price Target and got greedy by waiting until 125 this month. Stick with your plan I’ll be holding$Lemonade, Inc.(LMND)$ for 10 years
$Palantir Technologies Inc.(PLTR)$ PLTR has delivered over 100% since Direct Listing. Stock moved quickly to $22 range, ready for next move up.Q3 guidance 45%. Yearly guidance will be $1.5B-$1.6B range, meaning Q4 will be first qtr above $500m.$Palantir Technologies Inc.(PLTR)$
These buys are by the Big Guns, probably those who bought in awhile ago. They know that the real asset in ZY is the platform they built - extensive scientific knowledge & experience, excellent data capture and analytics, and superb robotics to allow for rapid testing of variants for increased quality & yield. Hyaline was just the first proprietary product, but they've been doing this with various chemicals for years. Yes, Hyaline's difficulties are a problem, but anyone other than day traders knows to hold and, when opportunities like yesterday arise, buy. $8.50 / share was an amazing overreaction. $Zymergen, Inc.(ZY)$
With my 25 yrs experience. I don't see any reason to buy this here or over 100. Why, because virus is dying down. Another reason is temporary news has given rise to speculation with big funds taking advantage and selling naked calls and puts to stupid people. Big money is making money.The sudden drop and then quick pump is all by algorithms. This is beyond the valuations and control. Will not buy any calls or puts. They want to kill everyone. Unless u want to short, don't waste.money on this. Lot of companies doing same thing.Not worth the risk. It's bubble to extreme.$Moderna, Inc.(MRNA)$
$Palantir Technologies Inc.(PLTR)$ Meanwhile, Miami hack week 2021 sponsored by Palantir is going on, recruiting more top notch talent to the team no doubt