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Friday is in 3 days time? I'm not trying to do anything other than pass on what I just heard and checked in my local cinemas.
I just heard from Twitter that no one can book a ticket at the cinema after Thursday. Looks like something serious about to happen.
Have checked Cine, VUE and Odeon and they are all the same. Nothing later than Thursday. Looks very bad to me guys.
Yes, my decision to sell everything in June due to the obvious anti-business government policies was a right one. However good an individual company might be it cannot succeed with the government working against it.
@Dreamachine "They can’t afford to simply let it play out." What we all cannot afford is higher taxes, inflation to the moon, furlough, energy prices almost doubling etc.
The only disaster last year was one for small businesses. People dying who are over the average life expectancy is not a disaster, it is natural and to be expected as part of the circle of life.
Personally I am done with all restrictions.
@Mercman20 The response to covid has indeed ruined many people's lives, and seems to continue to do so.
I have said this before, but too many people take these chats as being a fan club for the share (not just this one) and do not want to even slightly listen to any view other than it will go up. There is lots of emotions, and not very much reason here, as your own post demonstrated.
A lot of you should close this website, fire up youtube and search for support and resistance , get a free sub to tradingview and learn something that will help you predict what could happen next. Wishful thinking is not a strategy to making money.
Nice to see someone saying things like this. Looking at the chart, I can see many previous instances of support @ 33p -35p which is where we are today. If it can't hold this level, I would be expecting 22p - 24p as the next support down. Reversal I would be looking for resistance around 48p - 50p. My view is down, due to sentiment due to covid etc.
@capehake I'll give you another example. Is the sound from a hifi separates system better than an iPod / mobile? Undoubtedly yes. But which do they no longer hardly sell? The younger generations are not so bothered about quality. Convenience is king. If going to the cinema is so great, why has my local Odeon ripped out most of the seats and replaced with with a much small number of reclining chairs? The demand is not there.
And to be honest, its not that great a time anymore. The food prices are ridiculous, other peoples behaviour is appalling and most of the films are woke garbage with 30 mins of adverts before them. Sorry, but things moved on.
@SoManyQuestion Netflix. Amazon prime. iTunes. Pirating. There are so many very convenient and cheap ways to watch what you want in the convenience of your own home.
Look at the Matrix film, its being released in the cinema and on streaming on the exact same day. It seems they can see where the future is going.
@Wiff You could take that view. But look at shares like Lloyds or Natwest for instance. They dropped significantly, and 12 years later have still not recovered anywhere near their previous highs.
@Jamison Yes it could go lower. Looking at the chart, next support is 19-23p area. If it can't hold that level it could go as low as 10p in my opinion. Do not try and catch a falling knife. Wait and see what happens next, look for confirmation in the chart, there is no rush.
@livepari4
If people continue eating chocolate its unlikely Thorntons will go bust.
If people continue wearing clothes its unlikely Debenhams will go bust.
etc etc
@Clarkcp I doubled my money on this share, but compared to what I made on buying AMC call options that was nothing.
So looking at the chart, if it drops from this level next support is 19-23 area. After that, big trouble as there is nothing below it. I would say 10p as a psychological support and perhaps people considering it a punt. Good luck guys.
Sorry to hear that. Sold @ 87p personally back in June. The trouble is too many of you are like a cult, with little real world perspective. Look at the posts harping on about James Bond, then its become Spiderman. A single film mean nothing.
I take no pleasure in being right, but I did tell it would retest 25-30p. I hate people losing money.
Hard to understand how a company that makes money from wasteful government is doing badly during a time of the biggest waste in our country's history.
Its been dramatically dropping for months, 125 in March. If it doesn't find support at 45-50 level, it will retest 25-30.
@F0ll0wTheBear Who wants to pay to sit wearing a mask in a cinema for 2 hours +? What a miserable experience that would be.
Well that is my Matrix viewing cancelled in the cinema. I guess I will be watching via streaming.
@SoManyQuestion
Yes. After this latest reveal that parts of No 10 went along with their Christmas parties, after expressly forbidding the public to do so, anyone who has not woken up now will never do so. Some elderly people will have spent their last Christmas on earth all alone.