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it's time to play the waiting game as I am in the red.
it's a balancing act. If the numbers are right Boris might go down to 1.5m. This will be a boost for cinemas and retail in general.
sorry i meant ftse is down to 6191.
live is 83.32
FTSE is down to 1695 but the price is hold in the 80's. Live is 83.76. I think it's a good sign. The mm's have hit the stop losses and grabbed the shares.
Well, said. Now is the time to average down to increase your profits laters. Boris is under a lot of pressure to reduce the 2 metre rule. I don't expect 1 metre, but 1.5 is realistic. This might well be the case later in the month. With this in mind, and a green light for opening, plus and RNS from CINE to confirm, we have a catalyst for an upward drive.
We just need the green light from Boris and confirmation of opening in an RNS and we are on our way in the right direction. It's about toughing out the red days really. The fundamentals have not changed. The FTSE was bloated and not correcting itself from the Fed news. For those who have cash, can average down a little. I remain confident that in a couple of weeks the outlook and sentiment will be very positive and this will drive us back to the £1 mark.
I think it will hang around in the 80's most of the time with a gradual tick up to the 90's. 80's looks like thew new range for a few days. I'm in it for the mid term so expecting fluctuations.
Most stock are down. I am also in the red and it doesn't feel great. I am going to be patient because I am confident 2 weeks from now things will turnaround.
I am holding my nerve. In a couple of weeks we will be in a better place in my opinion.
https://www.cnbc.com/2020/06/09/treasury-yields-fade-as-fed-meeting-comes-into-focus.html
This might might have something to do with a red day.
Its not the opening I expcected. Prices is head down along with other shares. What's going on ?
Looks like a £1 finish today. I'm happy with that. Let's hope it finds a new range of 100-110 tomorrow.
Maxreiner, I agree 104 is where it could end up at end of day or first think tomorrow as the momentum is really building up.
A month from now the current price will look very cheap in my opinion.
Slow and steady is fine with me. 100 would be nice but 97 is very acheivable.
To relpy to Jai's question about holding to the 120's is that I will get a decent return plus I feel I have overexposed myself so looking to reduce the risk by selling first and getting in with a smaller stake if it goes to below 110, and putting money into other shares to diversify the risk. Depending on how fast things move with Cine i might hang onto 130. I just hope the cineplex deal goes through and we havn't been led down the garde path.
I have just under 19000 shares and I will be holding for until we are in the 120's.
It's like the 3D movies where the cinemas hand out glasses, they might provide the face mask and gloves. People still go to the supermarkets because they need to food to survive, and people will still to go to the cinemas because they need escapism together with the need to be a part of something.
Totally agree, we're lucky it's Christopher Nolan. He will want his movie shown on the big screen. Streaming services are a fallback position, but it's position I don't think he will consider. If anyting the big movies will be shown at the cinemas longer than usual to allow for the seating capacity reduction so everyone gets a fair chance to see what they want to .
I expect adavance bookings from late June and a sell out of seat number restrictions for July. It will be the mcDonalds effect of people wanting something they have been deprived off.