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Thanks for that Fintech. It's days like this that you spot the ones who post with integrity.
Managed to pick up a few more for her in doors in the last half hour courtesy of her having a good run in Tullow Oil.
Back to my break.
Good post.
Good afternoon folks,
Looking back at the trades and timings it looks like Itrader's scaremongering post and thread "F9 Flop" has served as the catalyst for today's fall. It's a naughty one, thats for sure!!
It is a completely misleading post and thread based on an AMC / Odeon cinema and posted amidst what was a modest downturn in the share price. I am surprised that it is still sat on this bulletin board and moreover that people actually believed it and sold.
Bonkers imho has quite rightly challenged it on certain points and provided good contrary material. I also keep track on local cinemas and having just checked the one I normally always refer to is showing as Sold Out tonight and the next three days are looking like they will be going the same way. Smaller screens but it has been good barometer in the past.
That though doesn't stop the traders jumping out to try and buy back cheaper. Jumped upon by the market makers and any short positions and it results in over-exaggerated share price movements imho. Inimitable blaming match no doubt but ultimately down to Itraders scremongering post and the same fidgets and traders shares being repeatedly churned.
Was out enjoying myself today so haven't sold one. Nor would I have done. F9 is projected to take $50 to $60 Million in the US this weekend, premiered at Hollywood and they have had good publicity in US and tv and radio advertising in the UK. We also have it showing in 9 of 10 territories. Posted a lot of this information last night.
Here fyi is where Itraders post is completely misleading, factually incomplete and inaccurate.
1. Firstly it concerns Odeon which is an AMC cinema - not CINEWORLD.
2. It doesn't mentions the Cinema
3. It doesn't mentions or show the Film
4. It doesn't mention a screening time.
5. Itrader then goes on to say they have checked Regal in the USA and its the same. Which one of the 546 cinemas would that have been? No Location details given and no day, timing if showing, or confirmation of film concerned.
You do also realise that there is plenty time in between for weekend bookings, that people can simply just arrive on foot and pay for admission and that theatre windows are there to pick up further sales. You also don't know how well will do on food, beverages and treats.
You just simply cannot gauge things from one snapshot, lesser still if it's an Odeon one.
Well done though, you gave the market makers probably 2.5 million more shares traded than they would probably otherwise have got. hopefully it gets picked up in todays market summaries, reason for todays fall, a scarce on detail bulletin board post off an anonymous poster.
No the buyers force the stock higher and the shorts get court with the higher price to sell them options
If it is going lower there are more shares on the market being sold back in to the marlket
So if they are closing there shorts it will go down and one closed then it will pop higher
True Fun. It's still holding up extremely well and ytd is still 37% up. Clearly it was spiked up above £1 during an irrational period. Now, as you say it's about dealing with uncertainties. Tbh, it's always been like this. Just wish the falls weren't bigger as the rises, which they have been
Ash my best guess would be most likely time is when further uncertainties are removed e.g. period of non restrictions regards covid, period of viable strong box office, Cineplex case sorted (all 3 still hang on the price in my opinion especially as we are a heavily indebted company uncertainty will weigh heavy and make for easy price manipulation)
I don't think we can ever truly understand why the sp takes a hit like it has and vice versa. But what I will say is that I fully expected a fall. After 3 positive days, I just knew that the powers that be would seek to take it down. However, I wasn't expecting it to fall by this much.
I think this is just how it's been since the 120p days. Now, no one is none the wiser to figuring when the next boom will be or what even will cause it. That's the only frustrating thing for me is that I can't figure out what will cause a nice big sustained rise. Happy to wait for it, just can't put my figure on how it will happen
@bc2020
I will be impressed if a tired old franchised movie like f9 could achieve that! Perhaps you should lay off the haribos.
This is the news on my trading platform about CINE for today. Don't really see anything in here that could have caused the drop, other than algos perhaps scraping news messages and picking up words like cinema and demise and selling off..Who knows...Cine seemed very strong yesterday so this is a surprise. It's around the support level now so should stay here at worst.
BUZZ – Cinema's demise predictions misplaced – Berenberg
09:42
* Berenberg says cinemas still have a key role to play in the movie industry, after the pandemic forced theaters shut repeatedly over the past 18 months
* "We remain of the belief that predictions of its (cinema's) demise are misplaced" - Berenberg analysts
* The analysts say Cineworld shares are almost certainly at the wrong price
* Also predict plenty of upside for CINE if it muddles through the crisis, given it made pre-pandemic core profit of >1 bln stg
* CINE carries a price-to-sales ratio of 1.96, roughly half the sector's average of 3.88, implying that it is undervalued - Refinitiv Eikon
* Shares up 36% so far in 2021, outperforming the wider index, after recording a 74% plunge in 2020
* The pandemic has narrowed the exclusivity window in the industry, which is the time period a movie is released in theater before it is released online
* Cineworld agreed to a 45-day exclusivity deal with Warner Bros for its U.S. screens in March, vs the traditional 90-day period
* Berenberg, which raised PT on CINE to 85p from 70p, says the shorter window will become the norm
* CINE now trades at 86.0p, having picked up from an all-time low of 15.1p in October, but still a far cry from the 221.2p at 2019-end
It's basic order filling. Some buyer places an order of 50k at 84p for example and SP lowered to accommodate.
Been good all week, someone absent from the BB.
Reappears last night.....
Just saying ;-)
Last Friday's low was 82.88p
Seems to be dropping quite quickly today, for whatever reason.
I see sub 83p as a chance to top up/average down. Am in twice in the mid/high 80's
Another buy would take me to 20,000 shares with a break even price of c86p
Happy with that for a medium term hold.....
Pig
We were robbed at close last night Bonkers, down from 88 to 86 in minutes.
I don't understand it at all, are they manipulating the price to buy back cheap to then be able to close? Seems drastic price movement.
Any gains made in a couple of days is always taking away on the 3rd , let's see where we are tonight , might pick up this pm
@Bc2020 - Do I even have to ask whether you have followed the AMC and GME frenzy?
It went that high because shorts was forced to close ie buy....
Surely you knew closing a short means buying the stock?
Why is it explain
A short closing taking it from high 88s to this, really?
It's ludicrous
Hold tight and wait for F9 reviews whooooooooooooooo
I see this as £++++ in July simple as that