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Tom - in the absence of real news, CINE and other shares trade in a range. Seemingly, CINE has strong support at 22, and resistance ( aka selling ) at 27.5. These ranges are made by the all powerful markets, and driven by buying / selling algorithms. The bands of selling are influenced by market conditions ( right now very poor, and “risk off, due to a war in Europe, inflation , high interest rates etc) and company problems ( in our case, uncertainty as to if we can pay off debt without raising capital by a share dilution).
Some traders make good money by trading these ranges and will buy at support ( in our case 22p) and sell at resistance.
Do day traders and algorithms sometimes get it wrong ? Absolutely.
But until new information comes our way our share will continue to bounce between 22 and 27. It may even drift lower or higher and make a new band.
New info I hope for -
Most important- end the war !! Lives are being lost and this is most important!!
Also-
1. A deal between cineplex/cineworld
2. A trading update demonstrating profit AND debt payment
3. New content from Netflix shown on theatres
4. New movies being made ( we already know demand is there- eg top gun /Spider-Man)
5.CINE winning their case against insurance companies
I won’t go into the risks because giantsquid and his friends post this hourly on the board.
Nice 3% bump today. Technically, if we close above 27.5, we will push up to 29. Let’s hope.
ocean - then short it big man? easy money for you, you seem to know exactly what will happen.
agreed allkap! we need content ASAP! Im hoping there will be a netflix /disney deal where they show big movies on cinema
Betting high - i know what you’re saying, but I think there are an awful lot of retail investors with no experience placing shorts on CINE. Theres at least 5 here on the board - and I say no experience because they think spreading FUD here will effect the share price. It could work in our favour though, if a bunch of shorts race to close it could boost our sp significantly.
RS - yeah I see now. He’s not worth replying to.
Ocean, I think mccolls and cineworld are two very different scenarios. You’re right about mob mentality though. And it’s true CINE presents a real risk of dilution.
Since you have predicted 1p/administration, I will also make a prediction. I think CINE is making more money than people realise. I also think CINE will win its appeal , or at least have the absurd amount of damages massively reduced.
Bulk trader is one of them.
I don’t think barrons has the power to influence a share price .
It did better than spider man ! Amazing !
CINE half year results will be impressive!
this is a fun game bulk - you pretend to mute people... just like you pretend to have no RR shares.
Bulk trading- block me then, but you still gonna go down. And it’s obvious when you took your short out.
Bull trading, I will enjoy watching you and your short burn
Cekim- you talk as if there is a conspiracy against CINE.
The rally is coming. By end of July imo
Hey bonks, I totally agree with you. Long way to recovery and risks still remain, but HUGE rewards possible too. I’m holding strong, topping up when I can.
Jurassic park and Thor still to come !!
Just happy to see some blue. My average is still likely 60 (haven’t had the heart to work it out exactly) so still a way to go…. GLA