PLEASE READ , it always has been bumpy30 Mar 2021 18:24
Evening all ,
Finished work and had a brief look at discussions on the B.B. board today , and of course the main emphasis was on the price , I think personally the biggest shock was it dropped approx 8-9p without any major news , however it must be stressed that we finished just over 3 pence a share less then open.
Would the B.B board be so concerned if we say dropped the 3p over the course of the day slowley , I don't think it would , to be fair even i had a look at the Internet to see if there was any major reason for the drop , not to sell up if there was but to understand and maybe offer a explanation for the drop if I could find one , those thoughts disappeared about a min later . Why ??? Because
This isn't that unusual for cineworld , i looked back at the graphs for the last 4 months , since we had our huge drop on news we were shutting our doors while pandemic and country sorts itself out to allow us to reopen. Since then we have had a nice steady rise , but that steady rise has been BUMPY at times.
Based on little news this stock has
20h November closed at approx 44.06 opened on the Monday at approx 55.00 a nice 11p rise
However ....
On the 3rd December 2020 it closed at approx 73.00 only to be down to 62.06 the following day , minus 11p per share all based on little news.
Another example 22d jan it closed approx 66.10 by the end of the week it was 80.00 a nice 14p rise however.....
16th Feb we were 83.00 by the 18th we were 6 pence down to 77p, this is other examples on big rises steep falls with this stock.
FINANCIAL NEWS The huge news we were 4.5 billion in debt etc etc dropped us approx 11p in a day , in theory no major drop for this stock , and leading up to this news dropped from 124 to 90p , nearly 35p a share in a couple of weeks , yet just days later we are back to 1.03 after being at nearly 110.
My point is its a share that moves , BUT its a share that moves in the right direction . I challenge ANYONE to look at the graphs since we shut our doors , and tell me that this share isn't going in the right direction , sure its bumpy thats why I love cineworld but its a graph that is going in a upward trend and not downward , and I will have no idiot tell me other wise especially ones that want to cause disruption for kicks.
Look at the bigger picture and not daily graphs , rome wasnt built in a day and nor will cineworlds full stock recovery. Give it time and patience and I believe in my heart this stock will be a lot higher , this is my opinion only of course , and as I have mentioned I challenge you to do your own research and look at the graphs
Regards bonkers