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Laidback looks like he has had a good rise in Tullow oil since he invested. I am really pleased for him.
He made a tough decision and took a big loss on here but instead of being bitter and dreaming on here he just got on and focused on making it back in other stocks.
Wouldn’t be surprised if he has nearly made it all back now.
I haven’t kept track recently but is INSI shamus?
Seems like the same sound bites and over use of words he only just learned.
In-depth you say £3 in 2024.
Unfortunately my price is around 54p so that is only about 550% growth in 3 years for me.
Still beats the negative interest rates in the bank though.
If you were buying in now that would be over 1000% growth in just over 3 years. Although I feel many would take their profits at £1 in 6-8 months.
I have been avoiding this BB for a while but I see you still haven’t got over your losses yet INSI.
There are plenty of other stocks. I would use your time more productively than harbouring such resentment.
Big current percentage loss on Cine but financially that is all relative to individuals.
Shorter - I sold boo a while ago for a decent profit
And not losing any sleep over it..
That is like saying people won’t want to go abroad on holiday anymore because they have got used to being in the UK.
After months of lockdown people will be desperate to go out.... and there will be a big list fo films to see.
Like I said if that is your best argument I feel a lot more confident.
My concern is bridging the gap while closed not what happens when it reopens .
170,000 shares @ an average of 54.3 and still holding.
They will go, cinema is a very cheap evening out, it will become even more important as people have less money.
The average house buying age is now 34 in the UK and 32 in the USA and getting higher.
People will want to get away from their parents. Not every room in the house will have a huge screen.
You can’t even drink in the USA in until you are 21 so up to that age cinemas are not even competing with bars and clubs.
Also young people are drinking less and less in the UK which means Cinema is another option for entertainment.
Cinema will not being go away. I refuse to get dragged further into this stupid debate.
The valid argument is whether Cineworld and shareholders will get thorough the next six months.
Eddie but also rennet nobody gives a sh\t about what you think.
The studios clearly care, hence they will hold back all the big films until they open and people can go.
This BB has been taken over by the whole streaming vs cinema debate. It is boring everyone to death and has nothing to do with short- medium term future of Cineworld.
Don’t respond to it.
More interested in what is happening about debt and fiancé news or what is happening with AMC.
Fair enough Boix, it just doesn’t come across that way, with 40 years experience I am surprised you have become so bitter about a loss and can’t move on from it.
Beerstalker,
When you are long on a share you know how much you can lose, when you are short your losses are technically infinite. Look at guys still short on Tesla, from $30! (Adjusted for the 1-5 split)
No doubt you will shout, stop losses, buy a what level do you set that though, long enough to not get shaken out but not too long so you get on over your head.
My main point is you have to be more experienced to short a stock and it’s more much more important you are right.
Oops, just read you already have a modest short. That must be making you more sleepless than being invested.. All the share price has done is rise since Monday which means you already must be in the red again.
You don’t have try and make your money back on the same stock, it doesn’t owe you anything. There are many other stocks..
Boix,
Even though you have turned completely bitter, do not go short, you will end up losing money.
Not because I guarantee the share price will go up but because it will fluctuate. When you are short most people are much more sensitive to movement against their position so they end up closing losses on fluctuations.
Although also IMO the share price trend will be to rise.
What you need to do is go and look at some other stocks and just forget this one. Your obsession with Cineworld isn’t healthy.
Laidback lost a lot more money than you, he made his choice, he moved on, invested in other shares and is now all the better for it.
We might get a triple bounce this year,
Debt covenant waiver and finance news.
Vaccine
Brexit deal for whole market sentiment
It might be back to 60p before the year is out.
That is just what everyone will want, yet another subscription...
Apologies then JM4TW, my deramper radar must has been on high alert and picked up a false positive.
Thanks Fake Cine holder,
Good to hear that Vue are not as proactive as CIneworld and are losing more money.
Nice read on a Sunday morning.
An old article, nothing to do with Cine, and I am not comparing it anyway to Cineworlds position but just an interesting read.
https://www.institutionalinvestor.com/article/b1mzy62nf393lw/The-Longest-Unprofitable-Short-I-ve-Ever-Seen
I found it especially amusing where an institutional shorter speaks of a stock price being manipulated upward. :-)
Bare in mind the stock price has been split 5 to 1 since this article, so they were taking out and still holding short positions at $60 and it’s now $433!