Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Nothing much.
A lockdown scare that is just Rule of 6, which is fine for cinema.
Tech crash from Tesla not making S&P500 and Softbank's 1Bn$ Call option being unwound - which started a 3 day contagion.
Final analysis, pretty much back to where we were. Bit of time for last few days nerves to settle among RIs and then march upward likely to re-start.
If/when these fast, 'do it in the morning when you fall out of bed' tests come on line, then normality will be quite a bit closer.
Question will be a 'test pass' to show it when you're out and about.
Let's not invent a rule for exaggeration.
Seems this new rule will not affect cinema very much.
Basically, cinema can still utilise 50% capacity, but just make sure no individual group in the cinema is greater than 6 people.
So lots of groups is OK, with the current distancing system as it is under Cineworld's updated booking system.
Beyond that, the share price today seems to have taken a dive for 2 main reasons:
1) 3 day+ Tech contagion due to Softbank's massive 1Bn$ Call Option on tech stocks initially triggered in part by Tesla not making the S&P500 and by Hedge Funds exceeding individual 6% share holding limit forced to sell (eg Tesla). This seems largely unwound by now, possibly with a bit more to go from Tesla
2) lock-down panic. No longer an issue.
So, let it sink in for a day, then probably start to creep back up again, in anticipation fo Sep 24th good results.
Always welcome, for sure.
But treacle is better than going off the waterfall.
When the dust in the US settles, we're further upstream.
You're welcome to sell and move on.
Fact is, we're not in the 40s.
You have to expect a US tech stock crash to affect things. You have to expect 3% of all shares being offloaded to affect things.
And yet we've suffered a minor blip.
If you could offer TSLA or AMZN or other FANGS holders that, they'd bite your hand off.
No. They're just called that.
Skin in the game is always positive.
US tech stocks still causing ripples.
On 2 September 2020, Global City Theatres B.V. granted security over 274,720,505 ordinary shares in the capital of the Company
Yep.
Fundamentals are key and looking good in the cold light of day.
Future is starting to clear a path, not exactly straight, but navigable.
Patience is money.
Thing is the fund managers have to sell enough so that 6% limit isn't breached too quickly allowing for a bounce back.
Wouldn't surprise me if these is down to US Index tracker funds.
Eventually the snowball will stop rolling.
Apple, Amazon, Facebook, Netflicks and Tesla etc.
So tech still taking a little longer to settle.
Initial uptick and some out of hours seems to imply the tech bottom may be in sight.
Yes, I know we're not a tech stock....
Contagion from last two days didn't care.
But, agree with your implication, that non tech stocks will bounce down less and recover.
The fall was largely Tesla due to Baillie Gifford forced sell du to exceeding max 6% fund holding.
Caused tech contagion, with the tech heavy US indices causing the US to sneeze so we jumped.
Ideal time to take advantage of a fall.
I wanted to sell Tesla on Tuesday, but my stock split only arrived TODAY!
So too late to trade it down.
Seems to be trying to steady at the moment.
Baillie Gifford exceeded their max allowed 6% stock holding for an individual stock, namely Tesla, due to recent meteoric rises.
They had to sell. This has caused both RI's + BG to drop Tesla 20%. This then caused other tech to drop and so the momentum was established being as the S&P500 is highly weighted in Tech.
When the US sneezes we get a cold.
Wouldn't surprise me if Jango's broker was probably on a go slow and then the US went loopy, so they took their sale profits a little faster.
Buffet's school of investing comes to mind re people get out at the wrong time ultimately make money for those who don't.
No surprise.
Game is to stay long.
Patience.
Need I say more?