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At cine? That's not much. We have a £300k buy a day ago and the sp did f all.
Initial drop was caused by a £20k sell @ 1:03pm followed by £40k at 1:09pm then another £40k at 1:21pm ... that was it and knocked 5% off lol
Can't see any reason for this
Looks like usual games being played here
@kevc100 if you think it has potential then I think 10p is a decent price to get in at (I have an average of 11.5). But it has been as low as 5p in July and as high as 17p in August, >50p pre covid, and a year high of 80p. There was a 2 month episode where the previous owner sold his entire 60% of the company at 1% per day! It's a bit mental even by CINE standards. There is money to be made/lost. I am hoping for made!
Thank you lsesb I will dk some research. Sounds like it is an unpredictable as cine at the min thou but adds excitement to our lives doesnt it haha
Grim.
Hurry up and confirm covenant waivers please. Give me some hope!
They released a fairly positive RNS this morning but there have been all sorts of madness going on at board level. The ex owner tried to get voted back on to the board today and had promised to buy up 20 29% of the company at up to 20p per share if he got in and was then appointed CEO. A lot of investors saw this as a possible quick profit I think if he pulled it off, but he failed. That set up a lot of selling and the SP dropped from ~13p to around 8.5p in a very short time. Now hovering in the low 10p's but personally hoping that there will now be a period of stability and a steady rise. But WTF do I know - DYOR :-) and GLA
I've not done any research on amigo yet. Do you stil think it has got potential to rise?
PS - that was only around 16% of my total CINE investment so still in heavy here!
Also sold around 30K CINE shares at 44.4 yesterday with a view to re-investing once I made some quick profit in AMGO - the part where CINE drops a bit for me to get back in worked. AMGO not so much!
I am - in a fit of "genius" I moved my NEX investment over to AMGO a couple of weeks ago at a bit of a profit. Today has not been a good day for my investments :-)
Are you still playing on the Amigo casino Guitarman?
Good luck, hope it pays off
Cheers Damo, sums up this stock very well I suppose:)
https://youtu.be/TMCthi3pFEQ
Enough said.
Are you sure you bought in ???...
Not impressed.
Any idea why the sudden drop at 12.30?
The s&p downgrade was last night so any impact from that would have been this morning?