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What is this obsession with Mooky?
CINE volume is tiny. £2M of shares traded today is pennies. You guys all think this is some big shock stock. The truth is it trades more like some garbage pump and dump alt-coin / penny stock.
Play with fire, get burned.
Given todays update will be for Friday's trading I'll go with no.
I think it will be stuck all night.
It was at 16-17 range for a few minutes at open. I bought too at 17, sold at 28. Nice quick flip. I'd have bought more if I'd had more cash in my share dealing account. Honestly didnt expect this to be so low this morning, was expecting touching 25-30 range
AHL? Who are they. Bet it's one guy in a shed. They know nothing about markets compared to this board.
@laidback No one goes into an investment thinking "I don't care if I am sitting on 30% short term losses."
To those in losses, learn your lesson. Investment boards are a terrible place for financial advice. Especially take note of people who seem to manage to post all day long. They have nothing better to do with their life.
I think Ken Griffin up up $3bn this year alone.
Millennium International Management added too.
Damm Citadel and all their deramping posts on here!
Todays low 48.42
You bought at 49
Not sure that is through the floor.
I can tell you what caused it though, sellers want to sell, and buyers wanted to pay less than 49.
The lack of education of investors on this board makes this stock a great contrarian trade.
For probably the 10000th time. There are no after hours on LSE stocks. Closing auction and that's it.
Why would some institutional investors, with access to tools beyond what you can even imagine, buy in after hours in a completely illiquid environment on a bog standard trading day?
If your timeline is end of year you are a short term trader, so my advise would be take any any gain of > 15% and be happy with it. 15% in 3 months is a 75% annual return ;)
Beware though, stocks can actually go down and they often do soon after retail get hysterical and join the party (See HTZ, Carnival, 2017 bitcoin, dotcom bubble etc..).
Hope you have a plan for what to do if that happens.....become a long term holder lol
What is your strategy? Are you buying and expecting to make 2x in 2 years? Do you need that money in the near term?
You have to have something in mind when you enter a trade. No good deleting the app and missing out no a price you would be happy with.
Sad to hear that zoro, but you seem to have learned from it
"I learnt a lesson long time ago that lot of trader bought high change narrative that they are long term holders." - Too true around here and that is a very good strategy for losing money
"Everyone else is wrong, the stock price is wrong, anyone that disagrees with me is a paid Russian actor. The illuminati are keeping CINE down. Marketmakers are conspiring."
Interesting that the hundreds of posts about it going to £1.50, £2 aren't considered paid rampers.
This stock trades like a penny stock, everyone is gambling on it. If you are in losses you only have yourself to blame. Get over yourself and analyse where your trade went wrong rather that inventing some idea that this board (which probably 99.9% of investors don't read anyway had something to do with it)
Short interest hasn't increased, and most of the price losses in the past week have happened at the BID/ASK on the open so without trading volume. That is not likes of dumb retail shorters with their fee free traders pushing the price down.
The momentum on the rally fizzled out, that was time to get out. Buy ins in the 40s look good again.
"Beware of anyone stating it’s tanking and going down people" - going down? last week it touched the high 60s. This morning it touched 49. Thats nearly 30% drop in price from the recent peak
$1900 gold is low? It started this year at $1500.
Your dog could bark and you'd fire up your browser and tell everyone how that is good for CINE.
It's not a comparison, its an argument against a flawed statement that you only lose money if you sell. Plenty of stocks never reach their highs again.
Tell that to Debenhams shareholders :D
I ditched some at that level just before close and a few k a bit earlier at 60.2. This tech selloff was expected due to bubble and could cause market contagion.
Wish I'd the balls to put up 10k margin for a butterfly on TSLA OOM calls a few days ago. Would have made a fortune.