RE: £1 Party25 Feb 2021 20:12
Hi Podcast,
To be correct I hold 57,000 shares at 65p. Originally I had bought back in June 2020 at 80.5p pence after a Chinese work friend told me about Cineworld. However, even though initially it was going up a few pences, it eventually started dropping lower when the first lockdown was announced and the Movie blockbusters got delayed at the same time. Not long after as it went to 49p I decided to average it down to 65p hoping that this would had been the maximum to drop. Nonetheless the Cineworld shares kept dropping all the way towards the 15p in October 2020. By this time I was praying for better days to come and was really suffering a potential paper loss of £30k and kept saying myself it's only a paper loss. Moreover, I would not wish anyone to be in this dire situation as it was a very though call. Having those nasty negative media coverages about Cineworld going bust did not help us to recover our share prices as quick in comparison to over the pond AMC who were and have done better even though they had worse financial debt than Cine. I still believe that there will come a time that we need to be realistic with our expectations. If Cineworld was today traded in America, we would not be at £1 but plus £4. I just don't get it why we're not at these levels after having gone through all the hurdles that AMC has hardly ever seen albeit they came close enough when they dropped to $1.60 but shifted away massively sin e then. Anyway, I'm now waiting for my number to come up and than each man and woman for their own. I've done my best to hold it together but it has teached me not to take any investment advice from anyone without dyor. Cineworld has thought me not be fearful of seeing red one day and green on another day. Nothing worse to be in red forever and not having money to average down when you most need it even if it was to break even. That's why you don't put all your eggs in one basket. Good Night Podcast and everyone else reading this post. Take care. GLA. NoFear
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