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The share price was over £9 in may 2021 during the height of the pandemic when flights were grounded and there was no end to the pandemic in sight! Okay the situation isn't perfect right now, but it's a hell of a lot better than it was back then - and yet here we are with the share price at just £3.73!

And it's a similar story with many FTSE companies. I think what's happened is we've seen a global sell off, a mass exodus from the markets due to concerns about the economy, rising inflation, and so on. And the market caps of these companies have taken a massive hit, meaning many are now extremely undervalued, at or near lows not seen for at least a decade. At some point, confidence will begin to return and investors will once again begin to pile back in to the equity markets. Right now, there are bargains galore but the money hasn't really started flooding back in to stocks - yet. But it will, it always does. Bear markets are always followed by bull markets. And bear markets typically last 19 months - the current one officially began January 2022, meaning we should be in the beginnings of a new bull market early 2023. And bull markets tend to last much longer than bear markets.

Warren Buffet "in the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497"

The other point worth making is, from an Investor's point of view, the most profitable time to buy is when the sector is going through a tough time and stocks are significantly down. From a bargain hunter's perspective, it's the perfect time to buy. And in terms of margin of safety, you're far less prone to further downside risk buying in during the height of a bear market than you would be if you bought in during the height of a bull market. Unfortunately a lot of people get it the wrong way around - they sell when the price is down and buy when the price is up.

Heathrow is one of the busiest airports in the world. If they say the worst is over, it's good news for all the airlines, including easyJet. The major airlines will bounce back, that's not an if, it's just a case of how soon. My advice to you would be to keep shorting. There's a good chance you'll lose money but you'll emerge from the experience that bit wiser.

The balance sheet is strong, Heathrow is saying the worst is over - it's impossible to time entry perfectly but now's a pretty good time to begin accumulating airline stocks, imo. We all know they're going to bounce back, the question is when, not if.

The key to making money in stocks is not to get scared out of them.

I’m always fully invested. It’s a great feeling to be caught with your pants up.

Your ultimate success or failure will depend on your ability to ignore the worries of the world long enough to allow your investments to succeed

A price drop in a good stock is only a tragedy if you sell at that price and never buy more. To me, a price drop is an opportunity to load up on bargains from amongst your worst performers and your laggards that show promise. If you can't convince yourself 'when I'm down 25% I'm a buyer' and banish forever the fatal thought 'when I'm down 25% I'm a seller' then you'll never make a decent profit in stocks.

If you can follow only one bit of data, follow the earnings. Sooner or later earnings make or break an investment in equities. What the stock price does today, tomorrow or next week is only a distraction.

All you need for a lifetime of successful investing is a few big winners, and the pluses from those will overwhelm the minuses from the stocks that don't work out.

In this business, if you're good, you're right six times out of ten. You're never going to be right nine times out of ten.

People who succeed in the stock market also accept periodic losses, setbacks and unexpected occurancies. Calamitous drops do not scare them out of the game.

Whenever you invest in any company, you’re looking for its market cap to rise. This can’t happen unless buyers are paying higher prices for the shares, making your investment more valuable.

Every time you have one of these recessions, there are always groups who say it is different this time. We won’t get out of this one.

When you sell in desperation, you always sell cheap.

There’s no such thing as a worry-free investment. The trick is to separate the valid worries from the idle worries, and then check the worries against the facts.

My idea of a great business is one that has a shortage of competitors.

If it’s a choice between investing in a good company in a great industry, or a great company in a lousy industry, I’ll take the great company in the lousy industry any day

The person that turns over the most rocks wins the game. And that’s always been my philosophy.

Don’t buy “cheap” stocks just because they’re cheap. Buy them because the fundamentals are improving.

This is one of the keys to successful investing: focus on the companies, not on the stocks.

Stocks do well for a reason and do poorly for a reason. Make sure you know the reasons.

I deal in facts, not forecasting the future.

The biggest winners are surprises to me, and takeovers are even more surprising. It takes years, not months, to produce big results.

The typical big winner in the Lynch portfolio generally takes three to ten years to play out.

Missing the bottom on the way up won’t cost you anything. It’s missing the top on the way down that’s always expensive.

“The intelligent investor is a realist who sells to optimists and buys from pessimists.”
Benjamin Graham

“A market downturn doesn’t bother us. It is an opportunity to increase our ownership of great companies with great management at good prices.”
Warren Buffett

“You make most of your money in a bear market, you just don’t realize it at the time.”
Shelby Cullom Davis

“History provides a crucial insight regarding market crises: they are inevitable, painful and ultimately surmountable.”
Shelby M.C. Davis

“Far more money has been lost by investors trying to anticipate corrections, than lost in the corrections themselves.”
Peter Lynch

“I make no attempt to forecast the market—my efforts are devoted to finding undervalued securities.”
Warren Buffett

“Thousands of experts study overbought indicators, head-and-shoulder patterns, put-call ratios, the Fed’s policy on money supply…and they can’t predict markets with any useful consistency, any more than the gizzard squeezers could tell the Roman emperors when the Huns would attack.”
Peter Lynch

“The stock market is a device to transfer money from the impatient to the patient.”
Warren Buffett

“Waiting helps you as an investor and a lot of people just can’t stand to wait. If you didn’t get the deferred-gratification gene, you’ve got to work very hard to overcome that.”
Charlie Munger

“Invest for the long haul. Don’t get too greedy and don’t get too scared.”
Shelby M.C. Davis

"The stock market is filled with individuals who know the price of everything, but the value of nothing."
Phillip Fisher

"Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas." - Paul Samuelson

"The four most dangerous words in investing are, it’s different this time."
Sir John Templeton

"You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets." - Peter Lynch

"The most contrarian thing of all is not to oppose the crowd but to think for yourself." - Peter Thiel

“The desire to perform all the time is usually a barrier to performing over time.” - Robert Olstein

“Risk comes from not knowing what you’re doing.” - Warren Buffett

"The secret to investing is to figure out the value of something – and then pay a lot less.” - Joel Greenblatt

"It is remarkable how much long term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.” - Charlie Munger

“In many ways, the stock market is like the weather in that if you don’t like the current conditions all you have to do is wait a while.” - Low Simpson

A 50% gain on today's price would be £5.79 (and £5.79 is itself a very low price for easyJet) longer term there's an easy 100% or more upside here

The one thing probably above all that people will never cut back on is holidays abroad. It doesn't matter what inflation is doing, how much food or petrol costs, the average Brit will always find the money from somewhere to go on holiday. Post covid people are even more determined to go abroad, demand is higher than ever and that demand is unlikely to diminish any time soon. The airlines have been hammered but I think we can say with near 100% certainty they're going to bounce back strongly before long.

Understanding the 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

Beware a sudden rise during a bear market after months of decline with no news to back it up. It's a classic bull trap. A dead cat bounce. A sucker rally. It has nothing to do with shorts allegedly reducing. Shorters aren't panicking. The appeal is crucial in my opinion. Win and this will no doubt boom. Lose and it'll tank. Cineworld have already lost the Cineplex case once - in my opinion, they'll lose their appeal too - and I suspect shorters are of similar opinion. Both shareholders and shorters are taking big risks here - worth saying though this last year or so it's the shorters who have called it right.

The only rocket you'll find round here is on the supermarket shelf, priced at around 65p, ie you could buy 3 Cineworld shares for the same price as a bag of edible yet very tasty weeds - a good advert for cine shares if ever there was one lol personally I'd rather have the edible weeds by the way

Classic sucker rally. Reversal and continuation of downtrend imminent imho.

What Is a Sucker Rally?

A sucker rally describes a price increase that quickly reverses course to the downside. Sucker rallies often occur during a bear market, where rallies are short-lived. Sucker rallies occur in all markets, and can also be unsupported (based on hype, not substance) rallies that are quickly reversed.

These may also be called a dead cat bounce or a bear market rally.

Understanding the 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#:~:text=Sucker%20rally%20is%20a%20slang,the%20price%20heads%20lower%20again.

Shareholders are usually a company’s primary focus. Some even argue that boards care too much about keeping their investors happy. Berenberg isn’t so sure that Cineworld shareholders are at the front of their bosses’ minds, though.

“In our eyes, Cineworld is being run first for debt-holders and then for management, while minority equity holders are firmly at the back of the queue,” Owen Shirley, a leisure analyst at the German bank, said yesterday. It is one of a number of issues that Berenberg has with the heavily indebted cinemas chain, the largest in Britain and the second biggest in the world.

https://www.thetimes.co.uk/article/gloomy-picture-is-no-help-to-shares-in-cineworld-22zmg570x

"Even if it loses the appeal, it is not end of the world as long as damages awarded are not outrageous amounts"

This is what analysts had to say:

the C$1.2bn of damages is “clearly material in the context of Cineworld's available resources”, said Peel Hunt analyst Douglas Jack.

AJ Bell's Russ Mould added that the ruling “threatens to put significant financial pressure on the business if its appeal is unsuccessful”.

Going further, Berenberg analyst Owen Shirley said it had “the scope to wipe out all the remaining equity in the business”.

Analysts noted that the company was the victim of its hunger for growth in 2018 and 2019, despite having a large pile of debt.

The Cineplex deal “was a bold move, and many people suggested its eyes were bigger than its belly" said Mould.

https://www.proactiveinvestors.co.uk/companies/news/969312/cineworld-faces-complete-wipeout-after-legal-damages-defeat-969312.html

The company said that if its appeal failed it “would not have sufficient liquidity to pay the existing level of damages awarded” - key words there "the company said"

https://www.investorschronicle.co.uk/news/2022/03/17/cineworld-warns-on-going-concern-status/

beta, it's not a question of what I think, I'm quoting articles written by financial experts. People who know better than you do. Every BB has their resident expert who thinks he knows better than those who write these articles If you don't agree with their figures, contact the publishers and explain your issues to them rather than bleating about it on a chat forum. Leases come under debt in accounting - again, it's not a question of what I include, we're talking basic accounting principles here! Google it you fool.

AMC's total debt is north of $5 billion, but CEO Adam Aron has repeatedly advised investors that it does not have any maturities coming due until 2023.
https://www.cnbc.com/2022/01/25/amc-reportedly-in-advanced-talks-to-refinance-debt.html

Looking at the 1y chart, there was a similar looking rise at the end of may that was followed by a -30% or so decline over the following months. And before that, another such rise at the beginning of march that was also followed by months of decline. Sometimes shares fall so much for so long that they are simply due a bounce. Whether it holds though and keeps rising without soon falling back and continuing the downward trend, is another matter.

That's a nasty looking spike. Nothing worse than being spiked!

Shaz, there is positive news out on AMC released in the last 24 hours. You obviously don't research as hard as I do! As you're all so rude to me, you'll have to find it yourselves!