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Good post Taziz, I also bought in at a pound thinking it would only go up! Luckily averaged down recently to 68p. You're right about a lot of stocks going down at the same time. Other stocks I am in - NRR, Hyve Group and Carnival also all started to go down from around that date a month back, shows how crucial the US market is to everything. (Though NRR was probably more down the midyear statement showing tenants were barely paying rent).
I'm still a relative newbie to all, so could be very wrong, this but a thought on Cineworld.
There are so many doom and gloom posts about the outlook for Cineworld and how they are loaded with debt and likely to go bust and people won't be going to the movies until there is a vaccine. Much of these arguments don't seem to stack up imo. The business is well placed to really kick on once it opens its doors and it has a lot of things in its favour rather than against. I am sure even pulling out of the Cineplex deal will have been a well calculated/considered move.
The most recent Cineworld share price peak was on 8/9 June where it toyed around 100p. Since then its been on a continuous downward slide. However if I look at quite a few other shares the trend has been very similar - peaked on 8/9 June and been heading down ever since (some of these include Barclays, WHSmith, IAG, Vodafone...), all these cant all of a sudden have business models which have at the same time fallen off a cliff. It would suggest to me the market in general is quite negative at the moment - and as tills start ringing, more people come out etc, the market should pick back up - including Cineworld.
I first got into Cineworld when it plummeted down to around 20p - and kept adding over the weeks. On June 9th, I topped up again in quite a big way - which in hindsight was an error - pushing my average way up. At that point it just seemed as if it could only go in one direction - but then the USA situation really started to hit the headlines which I feel had a considerable negative effect.
I have been getting a little anxious over the past few weeks as the stock has been nudging down - but i think this is more to do with general market sentiment rather than Cineworld, and so trying to hold my nerve! Hopefully it will be back up as we get closer to opening and once it has opened.