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@91jonmo
As I said in my previous post the term 'Chicken' is because many PI may have jumped in too soon
hoping for a day trade to make them a quick profit and find themselves in the red and panic and sell
just to later find out they over reacted to the markets covid-19 sell off sentiment. Cineworld could
propose a rights issue to raise capital only if the share price was to be around the £1.80 to £2.20 mark.
It would not be doing the rights issue at these current share price levels. I'll be selling my Cine shares
once we get near the £1.80 as I have a strong belief that the option of a rights issue could be on the bod
cards, but not until we head back near the £2 mark.
capital raising
At the end of the day, as things stand if you haven’t sold then you haven’t lost anything unlike Shanus who sold for a big loss in the low 30’s, you still have the same amount of shares and the long term future of Cineworld is still pretty good. I’ve taken the opportunity to average down on a lot of shares, this drop isn’t Cineworld related, it’s market wide and worse for anything that would be effected by lockdowns. In the long run it’s just an opportunity to make more money!
Was a dead cat bounce, on the hope a Studio would by Cineworld, after the law preventing studios buying exhibitors was rescinded in the US.
I didn't lose any money, It seems really nice and cosy on this thread, can I play along?
Hope theirs no dilution
johnykipper blame nobody else except yourself as you decide to buy and have had ample opportunities to sell at a profit or to limit your losses.
What gets me most is that in only a few days Matt Han**** has transformed from local lockdowns to circuit breaker lockdowns and not ruling out full National lockdowns.
If it is to induce fear it is working as the markets are a sea of red this morning and the leisure, airlines and hospitality sectors are taking a hammering. This all destroys not only market sentiment but footfall for each of these sectors.
Rising Sunak or the Governor of the Bank of England would not have made more calculated comment.
*I cud have sold in 60s
More fool you mate never listen to people spouting money prices and those that slate others who say the share will drop I’m invested and just started to take a hit now but will stay in lesson learned hopefully and golden rule 20pc is a great return take it lesson I never followed as was 30pc up and would of probably made more if the Covid had not reared it’s head again either sell now or just wait and see what the future brings GLA
I'm probably down more than others here, I did he sold here with very good profits in 60s... but I'm waiting for a much bigger payday
This rose from 32p to 68p recently in 2 days .... any change in sentiment this will rocket imo.
And DYOR !!
@laidback No one goes into an investment thinking "I don't care if I am sitting on 30% short term losses."
To those in losses, learn your lesson. Investment boards are a terrible place for financial advice. Especially take note of people who seem to manage to post all day long. They have nothing better to do with their life.
I believe too laidback just relax... unless you need the cash now we will return to a norm, people will go to the cinema once more, money will flow and you should have a nice return ??
Still got 3 days for laidbackS ramp to Come true lol
He’s changed it now to £1.5 in six month...
To be fair people have been saying that on this forum daily for months lmao
I believe in Cineworld recovery .... just a matter of time I'm not selling out cheap in a bear market.
If you don't believe, then why are you invested ?
I too wish I was only £500 down but like many others got sucked in by Laidback and his 500 £1 by the 24th posts, hard bounce £1.80! Don't know how guys like that can sleep at night!
Bloody hell hope it pays off
Just in Cine? That's an awful lot of eggs in one basket!!
would like to be only £500 down like Secretly? try almost £50k in my case, gla.