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Triangles are the tool of the fool. Horizontals my friend; that is where the real game is.
I don't know what you're smoking LPD, other than a serious self gratification strain but there is an absolute-zero chance of a takeover sub £1.90. The sell strategy in the back pocket is 'get my massive forking bonus for achieving £1.90 sp or wait a year and get it any way, then sell for whatever my other bloody ridiculous bonus target is because our cashflow is now back through the roof thanks to 18 months of films in 12 for 2022'.
Though honestly I don't believe in them selling at all. £1.30-£1.40 is the technical range that price will naturally reach for based with 'good' but not 'super' news.
Eyeing 92-95p and whether we bust straight through it & consolidate above, without court news will be a solid indicator.
I honestly do not think the court case news is all that important in determining price, but will certainly aid in the speed at which it achieves it (£1.20+).
I won't be selling spot until £1.90 however I will be closing the open spread bets at 92-95p if we get there by the end of the month. Though +50% to current price seems like a fever dream, this equity is sickeningly under priced.
If we get anywhere near a close on or above 73.82 (200ema) today, this is going to be a fantastic week for continued momentum.
Get your wallets out & buy. Squeeze the shorts. 8.7% is a huge amount to be sitting short on a positive news drop. So buy! Squeeze them! Force them to cover their shorts! Make them pay with blood, tears & reduced annual bonuses. Your profits are in your hands.
Parsnip you read so much like a fund flunkey. 81p? LOL. Selling pre £1 is madness. £1.20+ with a small slice at 93p
BC can't string a sentence together so it's likely to assume maths isn't his strong point either.
A balanced view Kahn? You crack me up. Desperate to get shares sold for those shorts to exit. AMC is overvalued (21bn mcap LOL) because of reddit meme buying.. so it is meant to go down & will continue to do so long term. News would have to be monumentally positive to push it higher, this is why the owner is constantly spewing random garbage, like Shiba coin, to keep the meme army going.
You don't really get corrupt Judges at this level in the Western world Mike. That would never cross her mind.
Agreed, the loss is likely priced in quite heavily already.
How times have changed pig! What a fantastic way to learn & get into the markets though. Not like today where it is information overload, flashing lights & etoro 'trading is easy!' adverts
Hi Alex, if you are new to this game. I suggest you sell at a loss. Waiting for breakeven when you have no understanding of a market is no different to putting money on horses at the bookies. pain is the best tutor & you will not learn if you get lucky and do manage to breakeven.
Books are your best friend, read them, otherwise you will fall into the 90% who lose money in stocks. Anyone that tells you, you don't need to read books to be successful in this game is either a liar or moron. The naked trader books are best for beginner knowledge. David einhorns fooling some of the people after that is a good step.
This volume + no price movement in the most heavily shorted stock on a technical bottom = fill your bags.
The question that needs asking.. Is why isn't Mooky behaving in the same manner as Aron..?
Of course there is a 'real' future for cinema. Jeez louise. The arts have existed for millennia, humans are predisposed to a love of stories & storytelling, it is a core trait of what makes us human [science fact]. The argument is not streaming vs cinema, it is - do people want to sit on their arse at home where there is no experience (save for the <1% that afford themselves luxurious home cinema setups) or do they want to visit a cinema, the big screen, the depth of sound, the ASMR, the shared experience, the big chair..
The cinema is no different (at its core) to the fighting pits of ancient Rome. Produce content and they will come.
Streaming and cinema should be viewed as synergistic, yet opposite sides of a coin. When was the last time you asked someone "do you like going to the cinema to see a good movie?" and they responded "no".
If human psychology isn't enough for you, then see all the news of streaming firms deciding to return to 45 day theatrical window because of the huge financial losses incurred by going straight to stream.
Spicy buy.. Fingers crossed some % movement on those shorts tomorrow !
Orderbook has been thin all morning. Spread has been rough as well. Shorts have to cover at some point :)
Bond 350mln already. Cinema is coming back & more films are coming out. These garbage charts showing movie industry takings are great, but they aren't adjusted for film release volume and are therefore misleading.
18months of movies scheduled in 2022. Concessions concessions.
Hi,
From WSJ - it is mostly just a friendly chat, things like the piracy impact from now theatrical window & his relationship with Adam of AMC.
However-paraphrased but nothing omitted -
--
WSJ: Do you think you will meet or surpass the $1.6bn ebitda of 2019 in 2022?
Mooky: I think we have a relatively good chance to be somewhere around there. This will be helped by reduced costs. Covid remains a potential impact. Lineup for 2022 very strong. If we don't meet or surpass $1.6bn, it will be very close.
--
WSJ: Do you need additional financing?
Mooky: Confirms they need no financial input provided no new pandemic. Confirms even if they take 75% of 2019 in 2022 they will be fine.
---
WSJ: 2022, theatrical windows?
Mooky:Confirms agreements in place for almost all big films of 2022 already. Most for 45 days.
The SP is currently sector driven. The rest is priced in.
Without news we will likely consolidate around 72-82 for a bit, break to test 92-94, then consolidate shortly before moving higher.
Any unlikely break below 70 will be short lived. Check others in the sector - many charts are the same & moving in tandem. We are close to 20/200 EMA positive cross on the daily. The last time we saw this was Feb 9th, where we went from 76p to 125p in around 38 days. Again, the entire sector moved together.
Thank you BlueBuxton!
Where on earth are you watching the case?