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Posted On: 10/21/2022 10:47:20 AM
Post# of 827
Preferreds are the better Buy right now
As mentioned commons and preferred usually trade in tandem price wise on stocks and the preferred are trading at over 60% discount
Last week the spread was 4-1 and $APE was trading at a 75+% discount to $AMC when AMC was trading $150-170, my mama didn't raise no fool and I did some Arbitrage and balanced the dollar amount between both tickers
As mentioned commons and preferred usually trade in tandem price wise on stocks and the preferred are trading at over 60% discount
Last week the spread was 4-1 and $APE was trading at a 75+% discount to $AMC when AMC was trading $150-170, my mama didn't raise no fool and I did some Arbitrage and balanced the dollar amount between both tickers
Quote:
Question WSK, for my money APE is the better buy between AMC and APE.
It's cheaper, so one gets more bang for the buck. The other side has been trying to destroy it nonstop. Being preferred shares I didn't think they were allowed to short it. but they do. Maybe I'm wrong. They destroy APE they win. (they won't be able to destroy it, your post from twitter explains a few of the reasons why they cannot)
My question: am I wrong to think of buying more APE rather than buying AMC~?
Thanks in advance.
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