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So you think it was brave dreamachine? It’s gone back up my friend. I will continue buying every time the trolls talk it down.
Wish I had some dough to top up Clarke !!
In the long-term, stupid optimists are better investors than clever pessimists.
Most hedge funds significantly under-perform their benchmarks, so I wouldn't assume those institutions shorting Cineworld are especially competent money managers. Over the past 6 months or so retail investors have outperformed hedge funds.
Even the best shorter, Steve Eisman got cremated when Tesla skyrocketed early this year. I wonder how much money was lost by hedge funds shorting Cineworld in March when it was 22p?
Cinemas are reopening, corona cases are falling in the US, films are being released again, vaccine is estimated October/November 2020, the night is darkest before the dawn.
Others may disagree though I've no doubt
Thanks. We will see when the earnings come out whether then negative news has been priced in fully or not. There are a lot of investors waiting on the sidelines to get in at a lower point, or get in when screens have opened in the US which is reasonable. As I see it, it is a matter of time before the SP recovers, just a question of when, and these things are hard to time as we saw with the SP in March. You don't have to time the market bottom perfectly, being a couple of weeks out either way is sufficient for huge returns in a bear market.
Not for me to critically analyse your posts Dream. Also this is probably the last time I ever will but as I questioned your motives recently its only fair to say I think what you've said today is in contrast to recent, well balanced and fair
Perhaps but it was also brave buying at 22p in March.
The best buys in the stock market always seem like stepping out into a hail of gunfire. I went big on Tesla in the 300s in March/April time and that seemed risky at the time. That was also the most shorted stock at one time.
Topped up again at 32p. No reason the stock should be as low as this. Huge upside at this price.
You don't want to miss the whole thing.