WHY I'M NOT SELLING MY AMC DIVIDEND AND YOU SHOULDN’T EITHER!! - AMC Stock Short Squeeze Update
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Links;
https://seekingalpha.com/article/4025095-why-shorting-preferreds-is-bad-idea
https://twitter.com/TheWouston/status/1562359345328766976
https://www.sec.gov/rules/sro/finra/2022/34-95494.pdf
https://twitter.com/TheWouston/status/1562297350462140416
I'm not selling my AMC dividend and you probably shouldn't either (not financial advice)
I personally think APE is a great stock to hold, it has a crazy high CTB rate (over 80%) and shorts can be forced to close out through FINRA rule 11880.
This rule forces shorts to provide the APE dividend, or close their shorts, 90 days after the ex-dividend date.
When this is combined with the sheer desperation from the shorts and the massive coordination of AMC youtubers selling APE all at the same time, to me it suggests that APE is a sure hold.
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