Only invest what you can afford to lose26 Jun 2020 21:54
I bought into Cineworld in April at 0.56 and sold in the recent peak at 0.94. I was hoping to get out at about 1.12 and double my money but I still made a nice profit.
This was against the backdrop of the potential debt of the Cineplex deal, before confirmation of additional funds etc.
Whilst looking at these boards, I saw many come in with 'it'll go to £2 next week' or 'it's going to go bust' - my point is trust your own research, be aware of the main territories and also be aware of what is going on in the news with this awful pandemic. We are in unprecedented times and this stock is volitile, it doesn't just go up in a straight line, it goes up and down.
At the moment, you might be quite a percentage down with respect to your initial purchase price but it is currently a paper loss until you actually sell.
You may just need to hold onto these a bit longer than you planned but if you don't need the money right now, don't worry too much about it and 'filter' any posters that you may not like to hear the views of.
Long term, I'm sure Cineworld as a business will be fine, the brothers at the top have alot more to lose than everyone on here :)
I'm currently 6k down on my next investment but I am confident that I will make profit on that one too, might not be next week, might not be next month but I'm happy with my own risk/reward strategy.
Best of luck to you all.