Member Info for JonVortex

That’s crazy. First time in the market and I’m new to this kind of thing.

I averaged down to 57p up to about a week ago. Then held off. But you posted this morning pre open that the derampers were not posting and I realised you are right and bought in today at 35p.

Man. Crazy.

https://www.theguardian.com/film/2020/aug/07/i-was-outnumbered-by-the-popcorn-sellers-cinema-going-around-the-world-in-the-covid-era

Despite the ****ty headline (thanks sub-ed) - all scored 4 or 5 stars for the cinema experience.

Man, all those professional hedge fund types are going to come so unstuck when they don't see this inevitable short squeeze hit them in the next 18 hours. :-/

I'm in for about 10k shares averaged down to 57p. Not a huge amount, but not insignificant for me ... so I'm a long term hold and I do think that the cinema price will rebound over time. But, jeez, the rest of the market really don't agree with us, do they??

... about a week ago. Wasn't Cineworld, as, well, it was before the 31st of July. I've got an average price of 57p right now so I was curious about how it would be. It was one of those smaller fancy screens with two seater sofa type things. Genesis in East London.

Before the show started there was hardly anyone there and the place felt dead. It really spooked me out. I had a pint, and a hotdog and, well, cheesey Nachos because, you know ... cinema. But overall without the hustle and bustle of forecourt it was a really weird place to be. Not a happy bunny sitting on 57p.

But then the film started (Once upon a Time in Hollywood) ... and it was ace. And I ate my food, and I remembered that Cheesey Nachos are disgusting but so so so good (and I resolved as I always do to bring a spoon with me next time) ... and you know what, at the end when the lights came back on the place was packed. Every sit was full.

Admittedly it was a small screen, from memory it have 5 rows of 4*2 seats ... so 40 people in total. But a lot of places here in London have been investing in those smaller premium lounge type screens where people are already separated. I know Odeon have "The Lounge", I'm sure Cineworld have a similar concept. I know they do at the Picture Houses ...

Anyway, I guess the point of this post is that although it felt REALLY weird to start with, afterwards it was wicked cool. And I'm more keen to go back (Tenet FTW) ... I guess others will probably have the same sort of experience, so even if capacity and bookings are slow to start, they should gather momentum based on word of mouth etc...

I bought a little bit to average down from 62p to 57p. Might cash in and take my £10 day trading profit and eat out to help out. :-)

This is crazy.

What a crock of s@!t ... :-/

This is not a complaint or a whinge ... just a general ... WTF??

I have a degree in finance and when I came to the end of my undergrad I decided to go into Consulting as, (hahahahahaaaa) ... I thought Finance was too regimented and too much of a 'paint by numbers game'. Anyway - fast forward 20 years and I've watched basically the whole world ride the FTSE and various other markets up up up. Covid happens, and I think ... jeez, sure ... take a punt on some undervalued stocks, how hard can it be?

Now that I'm here I realise this is all just guff and that no-one really has any idea what is going on. No amount of news seems to have any sort of impact one way or the other. Geez. It's almost completely random. Gives me a real respect for people who can ride these waves and make consistent returns.

Like I said as the top, this is not a whinge or a complaint (so no need to flame me) ... I agree with the general sentiment that in 6 months time, actually maybe 9 months after the winter Flu season ... a price of 100-120 seems achievable. I'm enjoying the ride ... but I do have to say ... it seems utterly utterly random.