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Well said HongKongDave.
2 minutes to go...
Interesting comment there Cloud.
This is becoming more likely.
"Why? What's stopping them for trading now?"
Now that they are awake from their lunch break... they can do what they want.
It's not looking good right now - that's for sure.
What are you going for?
could be reached soon?
LOL - I wanted to say that at least once.
Well that's the point, they won't be bailing out cinemas over other companies and therefore Sunak has already said now is not the time. So my impression is that it's going down further. Let's see what the day brings.
"Some sites may never re-open." - This could be many sites.
Looks like it is more than a haircut. They're getting a full body, head, beard and eyebrow shave.
Ian I doubt if this will be happening right now. Sunak has already said this isn't the time for talks about bailouts.
"Going to be lovely to fast forward and reflect back on some of johny’s comments :-)))))))"
Not nice of you to suggest that you would be taunting me if I lost money - dreamachine
Could be hitting 18p soon.
And this could go down even further as HSBC and Citigroup and the other lenders apparently have appointed the advisory firm FTI Consulting - this could imply permanent closure on some of the cinemas.
https://www.ft.com/content/1545e213-3d92-47e0-ac1b-7d92d39c92b1
Let's see what happens.
It's about to hit 21p - doesn't look like an upwards trend.
NoFear - the time is right when I feel there isn't a better investment to be made elsewhere. The shorts have served me well and I have taken profits from them at numerous points. Let's see what the day and week brings. The exit might be stepped.
Word of advice: Never ever disclose your exit price in public.
@Investroid - I was shorting from weeks back - taken numerous profits. Also did a swing trade and now riding the short down. I'll close the short when the time is right.
Its the lenders who called in FTI not cineworld:
https://www.mirror.co.uk/money/breaking-cineworld-enters-survival-talks-22794530
I see you've run off Timmy - the dumbo being yourself without a full picture of my investments. Each to their own.
With FTI Consulting in the mix, this could drop again very rapidly.