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Sorry investeroid but the examples you give are totally wrong.
What you described was people basically still doing the exact same thing but in slightly different way.
Listening to music on your iPhone is fundamentally not very different to listening to music on the first Walkman. It’s still private consumption.
Blockbuster and streaming, again is essentially the same personal viewing experience.
What you are suggesting is a compete social behaviour change.
During all the lockdowns, the one complaint you hear the most has been, “I hate being stuck in” or “when will things get back to normal”.
You don’t hear anyone saying, “When this is all over I think I am going to carry on always eating and drinking at home and meeting my friends over zoom”.
The fact that peoples working habits will have changed, working from home a lot more, will actually mean people will want to go out even more.
The quiet Friday night in won’t seem anywhere near as appealing when you have been working from home all week.
Fair enough to everyone who sold, your money, your risk so your decision, and also could even prove to be a very wise one, who knows.
However if you no longer have any financial interest in this share there is no need give for us regular updates of why you are not invested.
I wish you all the best with your other investments.
Re-assess is the key word. Not panic!
The information is available to us all, the key is being able to judge what is really material and what isn’t.
But surely investeroid you must be selling after your complete panic yesterday?
Or has the future of Cineworld, Covid and fundamentals all changed again since your hysterics last night?
We all new it would cause a drop. FFS!!!
What we didn’t believe is that it would materially affect the long term potential of this SP rising significantly above 73p!
I think the more of this kind of stuff that goes on the more it is likely a studio will launch a takeover bid for Cineworld.
Wouldn’t surprise me if Disney were already having talks..
Either way though nothing has changed, this will be £1.50 by next summer.
Well done to all the sensible people.
Current SP is already well over yesterday’s opening price.
The good thing about little things like this is it really shows you who you shouldn’t take any notice of.
Some people really just do but have the balls for this game.
Low 60,s now looking very cheap!
I actually think this is more to do with WB realising they have a pretty crap lineup and will struggle for their share of Cine takings against such a backlog of major releases next year.
If he sells there is no way he will buy back in if he believe this
“The cinema industry is about to undergo a huge shift in 2021 and not in a positive way.”
Why would you ever buy in again less than one month away from this kind of certainty.
By the way Investeroid, I wouldn’t shout about being diversified too loudly.
Most serious guys would laugh at you classing 4 stocks as diversified.
I agree we will take a hit today, I don’t think anybody is sticking their head in the sands.
The question for any LTH is do you think the WB approach will impact enough to stop this SP rising in the long term well above today’s opening price..
Simple question. Do you think this is the highest the share price will ever be in the next 6 - 9 months?
If the answer is yes then you should sell.
If you think one studio using streaming or maybe even more studios, isn’t going to stop this share getting to at least 75% of its pre Covid price then you should hold.
The only other thing to consider, is if you have a limited amount of capital and you think it could get better returns somewhere else.. but that question is always there..
But just to be clear Investeroid I take it then you will be selling first thing tomorrow and won’t buy again unless there is some huge change?
Well said Marklee...
I don’t trust a word investoroid says...
He blows with the wind...
75% of the things you stated all existed before this news. But you still bought in.. and when you wouldn’t touch it with a barge pole..
It is all rather annoying and frustrating that it kills the momentum and will retrace but...
If it hit 90p tomorrow I would still not be selling so does it really matter if it goes back to 65 for the short term..?
It shouldn’t have too much effect on the end game.
It’s good the news can get absorbed in the US first.
I concur though, we will most likely take an initial 15% hit on this tomorrow.
Really bad timing as tomorrow was looking like another great day...
73p!
What a great finish
I wouldn’t want to have been trying to trade it. Might be the last time we ever see 70p
Brocher,
By early summer next year getting in at 86p will seem like an absolute steal!
MS wouldn’t wait for US to open to buy UK shares..