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Neil if his opinion differs there's no point in resorting childish name calling. It won't make the BB any better.
Rant, get a grip you clown..the likes of Shamus have ruined what was a good Bb.. read his last 2 months posts and tell me if they are balanced!
Neil get a grip, these childish school rants aren't helping.
Buying at 30 when you have an expected range of 10 - 30 would highlight you as a top prize Muppet indeed :-)
You were happy to lie on Aug 28th
Neil I don't think it's any of your business what others work as and if they share it, its their choice. Why don't you ask Parsees what the recent CINE RNS was about? That's more related.
Shamus you never answered my question
Fair points Chris. I'm just not seeing the sp moving up even with good news - unless there is takeover, it will head down. I don't see any sign of a takeover and as such it's a low risk short position.
With vaccine/cure/testing progress, the MC will certainly benefit, but that's a good few months before roll out. At that point I'll reassess.
GL
I don't want to massage the ego of the shorters here ha this is a highly tradable share. Whether or not cine are able to stay solvent long term, there will likely come a big rise off the back of wider global factors i.e positive vaccine news. How big depends on how low the share is trading at at the time... This is worth a punt at this level for that alone however I think it's better be on the sidelines right now and either jump on if it drops to 40p ish or just get on board as soon as good news lands...
Ocean its a good position so far and I'll assess as I go.
Good luck.
Not sure yet will see how bad things get next week and reassess.
Ocean you buying range is getting bigger, at one price or 66% lower..
Again I ask how do you decide which it is?
Can see some profit in a short position, nicely done :)
I'm a gonna wait for a crash and reassess
Chrishar great points, and I completely understand where you are coming from. The road ahead is very bumpy and risky. I thought I'd take a short position here.
Can see many who will just cut their losses and wait for the bottom, if the company remains solvent to present a buying opportunity at that time
I took a gamble and exited on Friday expecting a new low over the next few weeks when the reality of what's to come hits. Covid is going to have a substantial impact on CINE for at least the next twelve months and I imagine by that time either debt will have increased significantly or there will be dilution.
Having said that it could well go the other way and my exit was due to feeling there are much better risk/rewards elsewhere.
Looks like a big crash next week to me. Could present a buying opportunity if results are really bad
ocean 15p sounds good.
Good points should I be a buyer between 30p and 10p?
Ocean that is quite a range of buying price. Between 40 and 20...
What will make you decide if it’s 40 you buy at or 20?
What about the rights issue that you say is highly likely? Are you no longer concerned about that?
What about the debt covenant test it will fail in December. Is that no longer a concern for you at 39p?
Interested to hear your reasoning?
It's starting to get to the point now where the £1 soon crowd are starting to look very silly. The market clearly shows the mistake that they have made and won't admit to. Clear ramping. I am a buyer between 40p and 20p
@ocean thanks for the post - I'm also seeing turbulence this week ahead.
Decorum great post.
The thing you should be aware of and it was mentioned yesterday by several business leaders in interview is that all this now increasing talk of 2nd National lockdowns and tougher phased restrictions including the closure of hospitality venues like cinemas is that it will only serve to reduce footfall and consumer confidence further as people revert to bunker and siege mentality to protect themselves and their families. It is the last thing Cine needs.
The press only serve to magnify this for it appears everywhere again and invokes a cycle of sensationalism and fear. Your shorters then revel in this.
I was a reluctant seller on Thursday and given timings think that the Bond film which I had been pinning my hope's on, will now undoubtedly get postponed and adding further pressure on the share price.
The timing of all of this is completely Naff I know but preservation of your capital is what you should be concentrating on.
Shamus, what do you do for work?