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@guitarman You can still buy back in now and be at a lower price than my average. Sitting at about 50p here, but my tactic was always to hold for 6 months to a year and see what happens. Never been too fussed about anything inbetween and it's quite nice to just not check it every second of every day. If Cine goes bust, then the loss will be far greater than my measly £2k anyways. I would hate to think of a world without Cine!
Same here. I have a sell target on GGP of 30p and was hoping that would hit soon so I can put the profits into Cine and average down some more! Then the entire market decided to dip today. Investing is a wild ride!
Going to have to side with John on this one.
He seems civil enough and has not really done anything that I would class as a de-ramper going by other posters standards.
Can't fault his logic so far going by the drop we are in, as much as I dislike the entire concept of shorting something (seriously it should be illegal) it is a valid trading option at the moment.
First opinions of his tactic seems to be short term short (especially if he took it out when we were in the 60s) and a long term long. Honestly, if I could ride the SP that efficiently then I would also have done the same. If he starts spouting information to get people to sell and whatnot I would change my opinion. Until then, he's just an open short and that's okay. I don't want to be living in an echo chamber after all.
Even if it does crash, most of us here are in it for a medium to long term hold. Cineworld is not going anywhere any time soon so its a no brainier for people with patience. I've set alerts to buy more if it goes lower, and to tell me when its started to rise again. Anything in-between I really do not care :)
@Lewis, I have and it's why I am invested at a low price. All good here :)
My blue/green line is quite high at 0.720 as I got in on a small punt of 16k shares at that price. Seems like a solid business with a future after researching though so I am not worried. More than happy to let this sit and see where it goes in a few years.
Hopefully today is the bouncing point :) Would be interested to hear what people with L2 access can see today.
I'm in at about 50p after averaging up a bit on the previous bull run. If it hits 45p again I will see what I can average down to.
Honestly this share is a wild ride at the moment so I have removed all my stop losses and take profits, and replaced them with notifications as I'm not interested in anything inbetween. Im happy to sit on my 4k shares for a year and see where they go.
I think the main point is, only invest money you are happy not seeing for at least a year or that you are okay with losing. Stocks go up and down, sometimes very rapidly and despite what YouTube tells you, you cannot quickly turn £100 into £1,000,000... God I hate those videos. Seeing your account lose money as a newbie can be a bit nerve racking, but once you've sat on a share that's in the red for a while you'll become a bit more level headed and understand the value of holding and research.
For those that have some spare cash this is a great time o average down. My shares finally dipped into the red but unfortunately i got nothing more I am willing to invest at the moment so its just a waiting game for me. It will go up sooner or later.
@Gunner, I assume that was directed at me? I don't own any hats to eat. Sorry for the confusion! Share wise I have 4k averaged to about 50p at the moment :)
If you're right I will eat my hat (luckily I don't own any right now).
I doubt we will see even £1 any time soon. My guess is if the results this month are positive we can bounce back up to 70 or 80p and then it will be a slog to £1 from people taking profits constantly.
My worry is people will see the reduced income as a bad thing when comparing i to the norm, when we live in unprecedented times. Just have to see what happens but either way if it goes up, i make profit. If it goes down, I average until it goes back up.
So, as I've said before I held a few CFDs in this along with stocks. I am also fairly new to investing, only starting around May/June time. In addition to owning 3k shares I took out some CFDs on the sentiment that CINE will fly and tbh, it did for a while and we all rode the high.
This last week has been SO stressful, purely on the fact that whilst leverage is a wonderful thing, it's also VERY MUCH NOT FUN when you don't have the margins to hold it long term through any unfortunate circumstances. As others pointed out, offering this choice to new investers is quite cruel and I definitely agree!
I took my £200 profit today from it (after seeing it drop from over £500), and put it back into pure stocks. Topped up on some GGP and picked up 1.2k extra Cine stocks and boy, the relief I feel is insane. I no longer have to worry about margins and potentially wiping out several hundred of my hard earned money.
Have I potentially cut my gains by 5x ? Probably, but I am only a small fish and life is stressful enough as is without money worries. If this reaches £2 within a year or so then it will be more than enough for me.
Gotta admit I chickened out of holding my long CFD positions. I took my small profit (now smaller from the dip) and put it all back into actual stocks. I couldn't finance them through any likely dip and thought it would be much safer to just own the stocks.
Sounds like you put the entire loan on a CFD which means your margin call and positions will soon close? The only way to stop automatic position closure is to inject more cash into your CFD account to absorb any losses. If this is the case, yeah you did get a bit greedy and I hope your leverage was low. The safer bet would have been to buy the stocks directly. Sure, you won't get that 5 to 1 multiplier or whatever your leverage is, but at the same time you can hold it as long as you want without your position closing. £40k in actual stocks is still a GREAT profit if your end game is to double or triple your money with Cine.
So, my advice from a fellow newbie, hope the shorters don't do another attack in the near future and that this bounces sooner rather than later (and it will bounce at some point). Regardless you have to either inject more cash to balance your account health or wait for the share to rise and make back your losses. Stocks can be as cruel as they are rewarding so, good luck!
# Trades 10,766
Vol. Sold 14,280,410
Sold Value £9m
Vol. Bought 25,916,660
Bought Value £16m
Maybe those who can't make up their margins in time and having their positions closed by their platform?
The only thing I can think off, unless they all got stop loss hunted. But if we are purely talking about owning the stocks, then I have no idea. No way I would sell any of those golden tickets.
I predict it's going to bounce so hard I can't put my extra pocket change on it before it jumps another few percent on opening. I'm ready with my BUY button at 8AM sharp to get all my remaining pennies in that I scraped together over this weekend.
Never thought I would see this happen in my life tbh. It's kinda weird knowing this share is just going to go up.
I don't have a lot invested compared to some on here (and I am sure I have a bit more than others too), but it's enough that a £1 share price could give me more investment opportunities and the potential to cascade from there. If anyone knows of any other future multibaggers I'd like to know haha (For now I'm also really interested in GGP which looks promising with recent drill results).
But for now, when the price does go up im going to treat myself to a good celebratory steak! I don't think I could have kept the faith without the info from this forum so thanks everyone!
I'd be happy with a 62 - 63p finish. Sets up the start of next week after the bank holiday quite nicely. I can't see it jumping to 80p in a single day though. I wish! But a bit farfetched.