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I did same through fomo too haha
I couldn’t take the risk off futures being up Monday and this heading back up towards 70p
Cost me 160 shares in total so nothing major
I know there’s major support low 50s so even if it does drop to there I don’t think it’ll be for long and I’ll just top up
I did the same thing Blue, could go down obv but I can't deal with the FOMO!
Good Man. I was tempered to do the same and average down a tad more. I held off this time. It’s a brave and good move I think. Good luck,
Could be a terrible move but bought back, and not that anyone really cares but I decided to jump back in with a few (a very few) more shares after my stupid sell the other day. Just hope the weekend isn’t carnage.
GLA have a good weekend
At some point soon very soon the market will notice the death rate to infection rate ratio is decreasing rapidly in the US, which isn't surprising when the median age infected in Florida of the new cases is 35 and Texas is young too. The average covid death age is life expectacny itself so these cases will not raise many deaths. The headlines will lose their ability to scare people more and more.
As was posted earlier it looks like there is a lot more immunity than was previously being found by other antibody tests. Which I imagine explains why places that have been hit hard UK, France, Spain, Italy, Belgium and NY/NJ are now doing very well. Whereas places previously complimented for their attempts to "control" the virus - South Korea/China/germany/California are now having constant outbreaks.
Deaths in Sweden (which never locked down and has lightly advised optional social distancing) have completely tanked and still drop despite a brief rise in cases from June 2nd to June 24th, these are now dropping too though.
It's not that surprising that more of us are immune than first thought due to the asymptomatic findings in prisons/cruise ships and coal mines often 70 - 98% of positive cases finding people asymptomatic.
If the share price has dropped today I would say it's more in anticipation of July 4th in America, will there be an additional spike? Or will they try to flatten the curve? The market seems to be pricing in some more bad news but they might just surprise us. It's a toss of a coin in my mind at the moment but In the absence of bad news or even some good news from the July 4th weekend this will start crawling back up.
https://uk.reuters.com/article/uk-usa-julyfourth/many-americans-july-4-celebrations-go-virtual-as-covid-19-cases-surge-idUKKBN2441F1
It's just gone down >5%. So more likely to bounce up. I'd guess 70%. Just catch it quick if it doesn't hold.
But if you've taken a position today then sell if you're up. I think the odds are close to even.
Day traders will still likely get out even on a small loss. Cash is king, a holding keeps you were you are.
It's sub 61...I'd say yes. It'll probably jump above this at some point next week even if we get a 50's drop. Quick money out, back in...
Thoughts in to the close..is it worth holding this weekend?
Actually I'm not.
This is where opportunities are born. Risk-reward just means understand your risk so you can focus on how to achieve the reward. Reality is the ultimate teacher.
Racandfz, if you are too worried why don't you short the stock and make few bucks.
The young will kill the at-risk and a small number of their own.
Not really a way forward.
With a peace of mind, I am looking for this share to be about 100 p by end of this month. Younger generation not worried about COVID-19 and they are going to fill the cinemas once it opens. Also with cineplex deal cancelled there is no issue about liquidity. So I am not bothered about anything. Only thinking where to spend the profit :)
I tend to think the other way. The cases to come have essentially already happened. Give or take this weekend! The incubation lag just means not yet measured.
The increased push down on covid being a marginal +ve.
Sustained increase in COVID cases in the US and a cautious approach by State Governors will push down on the price keeping it much the same as this week.
I think that's the most likely scenario, 70%.
But it hangs on the market response to the US now starting to slowly get its act together. The incubation lag is still one I think the market has not quite got its collective head around.
I'm going to guess it'll have it's morning spike up to no more than 65p then slowly retreat again through the day, won't be much of a continue upwards until around the end of the month, I may as well be predicting the weather here as I cannot predict either with any certainty lol
One thing I do know is, it won't be hitting £1! lol
Anyone feeling brave? Estimates about what the SP will do on Monday?...just a bit of fun no pressure! :)
I’ll go first - I think it will be the start of a positive week, steady rise towards 70p.
Closest estimate gets 1 share from all of us haha.
*dont invest off this I could be completely wrong this is just a guess* !