RE: The way I’m viewing the current CINE drop…14 Jul 2021 18:32
Wise words.
I am similar in the sense that I have been reading the board but not really commenting. I opened a CFD position on BP when it was at 279 and saw it drop to below 200. I sh*t myself multiple times and didn't really have the funds to average down but to sit tight and watch my losses grow (and continue to add money to keep my position open). It did eventually turn and after the funding costs i made a very decent return for a novice. They Key that i learned was patience and fundamentals.
Agreed there are some issues in terms of debt with cineworld (if you see debt as a concern) but overall the company fundamentals look good. There will be day traders out there who use TA but if you hold long enough, this will defo be back at £ mark eventually. It could fly tomorrow, next week, next month or next year but it will be back at £1 and above. Cinemas are not going anywhere.
Just my 50p worth.