Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
@Shareseeking Thanks buddy. Yeah I get it. This thing is terrifying and leverage is a scary concept. I doubt I would use it again after this unless I was as confident as I am now.
It's why I won't trade in my actual shares for a CFD because they're safer and mine and can gain ground again if it ever dips. I had a small bonus payment recently for working solid through the whole Covid19 stuff which was nice. I figured since it was unexpected money I would throw it on a CFD. If i lost it then it wasn't really a huge loss.
Just 3,000 at 47.47 average for me in stocks.
In CFDs:
3000 @ 56p
1000@ 53p
1000@ 48p
It's not much but its pretty much 90% of my portfolio, which is 100% of my savings. I'm still a working grunt on an average salary trying to get by :)
I can agree with that sentiment. I'm still pretty new here but been reading for about a month. It's made it much easier to keep my cool in the red bars with the comradery of people here having each others back. This could potentially change my life so I'm super glad to be here :)
@purchaseatthetop Thanks for the confident words. I needed to hear them!
I got a friend who bought in 2 days ago who's only seen it stay in this range after all my hype and excitement from the last week. He's a bit miffed right now haha. He'll be glad to see this too.
But yeah, with the Morgan Stanley holdings increase I can definitely see some MM there. Gives me some extra confidence going forwards. I'm not sure what this speech is that's happening at 2PM but in my head I'm trying to not get too excited and expecting a modest rise back into the 60-65s on Tuesday after the bank holiday weekend. Just setting my expectations to calm my emotions a bit.
I'd love to top up more if it dips a bit but unfortunately I got nothing left. I don't really want to close my GGP or PHE shares since it's actually pretty negligible what I have invested in them at this point. Plus they are more longer term prospects for me to keep an eye on anyways.
Hoping it just does not fall below 56p as thats my highest CFD with the most profit potential. I think I would have to close that one at 54p to stop any profits from the lower volume CFDs being eaten in to.
What a ride this is!
@Shamus, its part of the analytics on this site. Above the BB there are a bunch of icons. Click the one that says CINE Share Price.
Scroll down a smidge to the two tables with volume figures.
Personally I think today is a fighting day to stay in the green/blue. Especially come 1PM when people like to sell off and it dips. The buffer from the opening bull run isn't there today so it's going to be an interesting one.
I think the next few days this week are going to be tough with no news other than TENET releasing. But after the bank holiday my guess is that's when we are going to hop on another rocket since we would have had three full days of potential Cinema goers.
I literally just removed all my stop loss points after reading those threads. I had no idea that these were visible.
As long as the daily trend is upwards then I'm happy :) Unfortunately I got nothing left to top up in these dips though so that's my lot until next payday.
Thanks for your advice guys.
I get that CFD's are where most people lose their money due to inexperience (and I am indeed inexperienced). Which is why I only just dabbled in it now since I am very confident in Cineworld, their performance and where this is heading.
Most of my money is still in the stock itself. Otherwise there isn't a chance in hell I would venture further into CFDs. It can get very dangerous very quickly. That being said the profits from my CFD have pretty much caught up to my stock now and I have set my stop losses to always be profit... So I'm a happy (holding) man.
So, I've been putting a few CFD's on this and watching that leverage make up a bit for my lack of funds.
It's the first time I've placed a CFD outside of the practice account so I was curious as to how I should play it. Would holding my positions over weeks be too costly? Is it better to replace it every morning with whatever it closed at the previous day or are my positions so small in comparison that it really doesn't matter (total 5000)?
Apologies if this seems obvious but I have avoided CFDs up until now due to their risk factor with leverage. Cineworld isn't too bad with 5 to 1 on T212 so I thought I would give it a shot.
Just tagged 60p! People definitely put stop losses at this value which is dipping us down a bit. Sincerely hope this trend continues, but realistically I am expecting a bit of a dip now. I just so I don't set my own expectations so high and experience unnecessary disappointment when its a huge win already. Tomorrow it should be above 60p quite comfortably is my guess.
@guitarman001 Get yourself a nice PRS for the collection. You deserve it! I love mine but wish I could have gotten the proper top shelf stuff. Still the little SE Custom 24 that I have improved with piezo saddles, locking tuners and some DiMarzio Illuminator pickups is doing me very very well. Absolute workhorse!
I'm sitting at 3000 shares and multiple long CFD's open at 2x1000 48p and 53p and another 3000 at 56p which opened this morning. I want to keep these open all the way up to £1 and see where it goes from there. Small numbers for some but could be life changing for me :)
The going theory is people had take profits at around 55p or 56p and people been taking profits as its gone down instead of seeing the bigger picture (pun intended).
But honestly, who knows.
I hope so, cause watching this hump in real time is killing me! But the long term prospect keeps me going :)
That squeeze from the US open is just what it need right now.
From what last week has shown (and as far as I can makes sense of it all) once the US market opens up that's when we start to push through the daily resistance. I hope I'm right since I just took out another long CFD. If we push through earlier I would be super happy though!
Im very optimistic. I've seen this share lose me a lot of money and gain a significant amount in a very short space of time. I've seen what it can do and its potential. The only risk I see right now is long term debt with reduced revenue. But I dont think its a right now problem for the share. Cineworld or the Cinema isn't going anywhere any time soon. I've put in most of my money into Cine now and taken some good long positions as a CFD. I believe!
I am wary of Monday though, I never know what Monday brings to any stock.
@PrayFor Someone who had the same idea as me :D Glad I was not alone in my thinking.
Still not sure why it tanked right after reopening but either way it turned out okay for us. Opportunity in disguise. I feel bad for those who had holdings pre covid though.
My hopes is to add to my house fund. A bit of a gamble using this instead of a guaranteed 25% from a help to buy ISA but the Cinema has been good to me over the years. I have faith in it.
@anewman Absolutely. Your shares are still gaining or losing profit at their original value behind the scenes but if you buy more at a lower price they will work for you as it goes up, helping you get into the green (or blue) sooner. The average reflects that.
I originally bought in when it was around 82p. Thought that was a bargain. As it tumbled into the 50s and 30s I kept on buying bit by bit. Until I threw a large chunk of my savings (only £800, but still) to have a final average at around 46p. Despite originally buying in at 82p I'm now £80 up!
I have to agree with you there.
I hopped in just before the reopening of cinemas last month in hopes it would pop off. It's given me quite a scare and been an absolutely wild ride, but I chased it down and got a decent average and now I could not be happier with my stubbornness. Even if it drops I'll double down and chase it to rock bottom, this is definitely a keeper in the long road to recovery.
I've literally put most of what I have into CINE at this point (about 2.4k shares)
I have some long term in PHE as i believe in that cause and recently picked up a few speculative GGP.
T212 doesnt trade AMGO so I missed that gravy train :( But short to mid term, CINE is my basket full of eggs that I'm rooting for.