Member Info for giantsquid

Keep watching the charts would be my advice. This rise could easily reverse, the first signs this is heading lower and you're going to see a stampede for the exit as daytraders rush to bank their profits before they evaporate. Once the profit taking starts, this could easily tank. Also, I still see a friday afternoon sell off and a close of around 2p. Because apart from LTHs, I don't think the daytraders, who let's face it are holding this up right now, are going to be willing to risk holding this over the weekend, not with the ongoing risk of the shares potentially being suspended at any time (with no guarantee of a favourable outcome if/when any such suspension gets lifted). That being said, if I'm wrong and this keeps rising, my hat goes off to all those who took the risk and made money here - it's certainly not a risk I would be willing to take. As for the LTHs, sorry but I see no possibility of this ever getting even remotely close to your averages. The only shareholders who will potentially make money now are the bottom feeders, short term gamblers and daytraders. If the company somehow manages to crawl out of the bottomless pit and stage a proper comeback, then of course views will change and potentially become bullish - but right now I don't see that happening at all!

Looks like this is heading back into the 80's - but will it keep on going this time back into the 90's? The charts appear to suggest it might? Brokers seem to think this is heading towards £1+ as well. Record profits recently announced, it seems high energy prices are benefiting CNA? and they're only set to go higher still. The other positive is Liz Truss is favourite to win and she's very much on the side of the energy companies, saying profit "isn't a dirty word". When she's elected, energy companies like CNA may well bounce on the news I'm thinking? I think the markets may bounce anyway once the new leader is decided - markets hate uncertainty.

Open up, spike to 4p or just above (but blink and you'll miss it) followed quickly by a sharp fall as profit taking sets in and nervous newcomers scramble for the exit. After the opening spike, I expect this to fall throughout the day, closing at least -30% down. I expect friday may see a slight rise in the morning, followed by a further sell off into the afternoon as few newcomers will be willing to hold this over the weekend considering the high possibly share suspension could happen at anytime with no guarantee it'll be a favourable outcome if and when suspension is lifted.

My prediction for tomorrow... it'll open up and will possibly touch 4p (briefly).. but it'll be followed by a lot of profit taking sending the share price plunging in the afternoon possibly -30% or more! I've seen it all before!

If this doesn't tank tomorrow, I guarantee there'll be a friday afternoon sell off as nobody in their right mind who's currently in profit is going to want to risk holding over the weekend! My guess is this will end the week back at around 2p or below.

Today the pump, tomorrow the dump.

I think today's RNS was basically a last ditch attempt to defibrillate the dead cat and try and get a pulse back. Shock treatment made it look like the cat still had life in it, but it's close to death with few, if any, bounces left in it. The dead cat is moribund. It's pretty much bounced it's last bounce.

Don't get yourselves spiked! this could easily be back to 1.80p to 2.25p by tomorrow or friday!

So mooky and family are still holding a substantial number of shares despite the share price being down 97% this past year - personally I'd be too embarrassed to admit to that! Maybe he's under pressure from other major holders, iis etc, to try and inject some interest in the shares and get the share price up so they can get out?

I hope you all get your money back but I'll be surprised if you do. This, I suspect, is going to zero and bankruptcy. The fact iis are selling out at a pittance a share suggests they see it that way too.

Liz Truss rules out fresh UK windfall tax and defends energy profits

https://www.bloomberg.com/news/articles/2022-08-11/truss-rules-out-fresh-uk-windfall-tax-and-defends-energy-profits

Cruis, when you're invested in a stock that's down 97% this past year and 89% this past month, I don't think it's your place to lecture others about "brains" do you?

"They can talk all they like but I won't see or hear them"

That's why you're underwater shaz! Because you don't listen to those who have consistently called this right!

"I agree the idiots and the non balanced posters will always swing this kind of report one way or the other"

Which is exactly what you've just done bonkers!

Two brothers at helm of embattled Cineworld chain have received nearly £26m in pay over last eight years - almost same as firm's current value

Argonaut Capital Partners' Barry Norris, who holds a short position in Cineworld, told The Mail on Sunday that the brothers have been able to get away with paying themselves vast amounts despite the 'company losing billions and getting furlough money.'

He said: 'These guys were taking money out in the good times. And in the bad times they were still paying themselves well. One of the things I can't get my head around is how you could preside over such a disaster and not have resigned yet.'

https://www.thisismoney.co.uk/money/markets/article-11152007/Cineworlds-Greidinger-brothers-blockbuster-pay-deals.html

"The upside from 2p is massive 500% at least"

if that was true, I can assure you ii's would not be offloading millions of shares at a pittance a share. The major shareholders have a better idea of the health of the company and it's outlook than you or i. And it's clear from their offloading they don't like what they see.

"have we started losing our sh*t again over some dodgy news articles"?

ii's are selling out at a pittance a share. I think it's safe to say the news articles are truthful and accurate.

Institutional investors are bailing. I think we can assume they know more than the general public. If there was any positivity, any confidence at all that Cine could weather the storm, there's no way on earth they'd be selling millions of shares at a pittance a share. They obviously view the outlook as bad. Really bad.

There's no way this is going to recover now. Even ii's are rushing for the exit. Anyone who ignores the multitude of red flags and continues to hold is certain to end up wiped out or diluted into oblivion. Cineworld will probably live on as a private company so jobs might be saved and punters will still have somewhere to go to watch movies and get ripped off with extortionate prices etc, but as an investment, I think we can all agree this is toast.

It's a sucker rally.

Sucker rally is a slang term referring to the temporary rise in an asset, like a stock, or the market as a whole, which continues just long enough to attract investment by naive or unsuspecting buyers. The buyers are the suckers since they are likely to lose money on the trade when the price heads lower again. This phenomenon is also known as a dead cat bounce, a bull trap, or a bear market rally.

https://www.investopedia.com/terms/s/sucker-rally.asp