RE: Shorters increase & Texas, Atlanta & Others warning...11 Jul 2020 13:51
@Haich
That's right Haich, but institutional shorters have increased from only 6.63% to 7% since Friday the 10th July 2020.
I'm also aware that the DowJones closed in a positive note above 26124 points along with oil prices recovering nearing soon to 41$ per barrel. The Gold prices also have made a retreat from the $1,817 per ounce back down towards $1,797 per ounce.
What you're forgetting that your posts are not taking the consideration that the markets are looking forward 6-12months and the very high prospects of having a vaccine with a 60 to 70% effect on the Covid-19 will mostly continue pushing the stock market further up into a recovery of the cycle type of stocks like Cinemas,Pubs,Gyms,ect.ect. Take a good look at the news that people in general are going to persist that the best way forward is to return all the various industries slowly but surely to pre-covid 19 operational levels albeit with social distancing and higher levels of cleanliness in place. Therefore, I don't fear that an extra tiny push from the shorters will make any much difference to the Cineworld share price. Actually, to the contrary, we're nearing that time were the shorters will be burned and it could happen so quickly with Cineworld famously known for out the blue share price upward spikes. Moreover, as in regards to your US Los Angeles latest infections rates, this will contained in due time as for the rest of America infections clusters. The Usa has high levels of obesity and many will be prone to various underlining health conditions including respiratory issues which is where Covid-19 will hit mostly without a doubt adding further weight to their permanent lifestyle illnesses. As you know, America has a greater numner of the population living with ticking time bomb of health issues. None of these people would ever be able to make to the Cinemas unless been pushed in a wheelchair with an oxygen pump on standby. The kind of people that you're going to get back are the young and fearless ones. What we need is for Trump to go ahead with his decisions to take away the legal right from all the State Governors to shut down entire cities over a few hundred infected clusters. He's already saying that any school that will not reopen at the due times, will have their tax exemption status removed. Also, Colleges and Universities will have to reopen or risk having their foreign students sitting at home doing digital teaching with those colleges and Uni, having to be returned back to their countries. Covid-19 has turned the World upside down tot he point that we're actually hurting more in the long term more people than the virus itself. Moreover, these extreme lockdowns are destroying all kinds of viable companies that otherwise would had survived not for the covid-19. Lastly, Cineworld shares are a real bargain when you compare their price to the likes of Amc Networks inc., AMC Entertainment Holdings Inc. and Cineplex. We're holding extremely well in a volatile market.