SHorters might be dissapointed4 Oct 2020 15:59
I am sure shorters will be make money tomorrow, but they might be dissapointed. Its all in the hands of the MMs. The way I see this, there was already that massive drop on news of the revenue report and more subsequent drop after bond delay.
I think it will end in mid 30's but not sub 30 like many are hoping for - that might happen, but will be a while down the line, as there are so many uncertainties hanging around. Except ofcourse of there is no response from Cineworld tomorrow morning (I expect sine form of RNS, just to pacify the market).
At the end, it is a cost saving measure, I remember most stocks actually go up when staff are cut (because it means saving money) - but this context seems to be different and perceived negatively, but not negatively enough to see that sub 30 people are calling for.