It's madness, i would be scared shorting any stock now with high short interest, as that's what they seem to target. I think CINE has about 10% short interest; so not as high as GME and other US one's, but still... going to be interesting.
RE: I did warn everyone this was going to drop15 Jan 2021 08:14
Not going into the book cost/value etc.. my point is just the volatility. I have traded this (not in the last few months), and it has been on a up trend since the lows (today this could change), however just seems, hate to use this word, manipulated.
RE: I did warn everyone this was going to drop15 Jan 2021 08:06
Not in this at the moment, but is on my watchlist. I do watch this a fair bit, and this must be one of the most volatile intra-day stocks out there on the LSE. -11% at open today, running back to -4%. It seems to do this a good few days in a trading month. Madness.... Couple of weeks ago it was -10% then went positive for the day. Fun to watch though....
Days like today are disappointing. Other financials up 5%+ (lloyds 5.1%, Barclays 7%, ftse 2.5%), yet we are 2%. A gain is a gain, so can't complain. Just need some good movement.
Yeah, ideally i would like to buy and hold this, but seems to be in a range of 180-200p, therefore may as well do a bit of trading. I think once some good news/report comes out, it should break 200p and hold. But yeah, this stock is an odd one. Seems a good/strong company, just struggling like many others at the moment on the SP side.
Not in this at the moment, but watching the intra-day volatility, this is a bit crazy. No doubt it will edge up, but the ups and downs are fun to watch.
Could see some movement today, unfortunately likely to the downside, oil down, FTSE futures down, pound down. Should have no fundamental affect, but may pull the SP down. Will be ready to jump in lol.
With how the FTSE futures are looking, with the drop in oil and the pound, i think unfortunately today could be on the red side, unless it really wants to bounce, but the conditions today may make that hard. GLA.