46p and those shorters19 Jan 2022 18:07
I saw someone earlier say they don't read much into PIs opinions on where a SP will be in the future, i totally agree with that, although i do like to have a personal bet on it and im not shy about giving a prediction. Looking at today, it looks as though i have a good chance of getting to it.
Government are now signalling the end of restrictions, which you have all seen, this will signal to me shorters to consider reducing their short positions within the next 2 weeks. The only thing they are holding onto is share dilution in the form of debt/equity swap. CINE isnt ging bankrupt, cines failure was bad timing on the aquisition trail, not because they are not making money or are delivering a bad product, far from it, CINE are actually giving customers a different experience and its one cinema lovers clearly love, thats concrete.
I said a month ago that shorters may look to increase their positions to sppok the market, they have not done that. Unless they are completely stupid, i expect them to reduce moving forward (keeping a tow in the game) - which i wouldnt blame them for.
Momentum has started.