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Today looks like a pretty red day all around...
RE CW - my thoughts: Im invested quite heavily (for me anyway), and months ago when the debt was unresolved, and streaming stuff was still up in the air, ill be honest I was very worried.
Now though - I only have one main concern, which is the court case.
If we can come through that relatively unscathed - I am expecting this to shoot up. You can see from the box office numbers - people are going back to the movies in force and so the debt concerns should be put to bed - i certainly cant see there future being threatened.
Until the court case judgement - im pretty much ignoring the price now - as theres no legitimate reason for a fall.
Looking at my (rudimentary) lines on the chart, on the weekly chart I say we're in an upward channel since June. The current price is jumping around the bottom of this range - so if this channel holds up, then we shouldnt drop much lower, other than possibly a minor spike, unless something major happens. Also with this channel in mind, im going to be looking carefully at around the 140 mark for an exit (obviously higher would be better).
My feeling is, once the court is resolved - CW will probably release a statement reflecting on the court case, how it was the last major cloud, and how numbers are back and they are excited about the future! (Maybe im channeling my inner mystic meg - but lets see lol)
I agree, but all my shares are doing the same. Just need the odd good day to get a balance. I have many already down then next day down another 2,3,5% down
Thank you very much Bonkers, hope you’re keeping well.
100% it’s very important we keep the trust :)
What's changed the last few days when we were talking about how well Halloween kills has done, how full cinemas have been , how much money in the tills we are expecting , how many films we get this quarter and decent ones at that.
A few Numptys turn up , and there is a bit of anxiousness in the room. Yeah it's red , it was a lot of big red days from 124 to 59p to but we are all still here.
It's not nice to look at a paper loss , granted , I don't like looking at mine. But the moment I take financial advice from the likes of paulbek and Co is the moment I shouldnt be investing.
I encourage you all to look st the fundamentals why you invested in the first place , take stock it's near on impossible to buy in lowest point and sell highest , and make to your own conclusion what to do with your stock.
I'm holding , absolutly nothing has changed for me , progress is being made and until I see signs that cinemas are dead I'm staying. And to those idiots out there I guarantee 100% of the regulars will too.
No numpty of market maker will get my shares on the cheap. I can guarantee that.
Do what you