RE: 33% up in US now!!3 Nov 2022 19:14
@advocate1973----Hi and nice to meet you. I shall be as truthful with my views.
@magmanus_49---Hi and nice to see you're very on the ball with the MM's.
I've noticed the cine shares trading getting stopped at about 8:05am too. Not cool at all.
Not a good move by the MM's as it has exposed their dirty tricks in action. I'm also very aware of very fast random quotes during when the shares start picking up or when starting to drop down.
The MM's could be struggling with the enormous amount of interest that cine shares being attracting in the last few days. I would say that if you were to see the quoted prices flickering oddly, is perhaps an indication of a fast moving market and don't just take that quoted price and use multiple windows open with your set up to sell or to buy cine shares open so that you can make multiple quote requests and pick the ones that suits your trading strategies.
I personally have opened on average three different browsers that I can use to multi quote using the same account but opened under a different browser like for example: one window with google chrome, one with firefox and one Microsoft Edge. You get to pick your quote. If you have a trading account that allows you to multi log in, then that's a very great start for trading with any stock.
Moreover, in my opinion, the Cine share price will not be going higher than 35p until we've sorted the huge debt issues and regain the many customers that had stopped going to the cinema due to the covid lockdowns and get them into the habit of doing that again with offers, special deals, ect. ect.
With dollar $ currency regaining today against the £pound, if it continues in that way for the next months to come, Cine might end gaining a substantial amount of profits from these currency fluctuations since most of the earnings are primarily in the US and its gains would convert from US$ to Gbp£, as much less is earned from the Cinema outside the USA.
Anyhow, since we've now managed to jump over the Bankruptcy hurdles and got given another chance to make good on those arrangements, I don't why she shouldn't be founding our footing and start gaining a steady rise towards 11p and then perhaps 17p
by mid November. Obviously, there would be profit takings in between the climb to 11 and 17p. So, don't assume that it will always stay at those levels, but be rest assured that when the first time Cine hit 15.9p back in October 2020 on the back of going bust, that didn't stop then Cine climbing back up after been offered a first time life line offer to help survive going bust. From that super low share price seen in October 2020, Cine found its footing and recovered al the way to £1.25 before shorters jumped all over it and got hammered all over again back to where we are today on the back of similar debt issues and cost of living ect., ect. So, let's be clear, we're not in 2020 and the debt scenario is much more complex now.
If you're looking for 45p, then it will
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