The only good thing about the scariant story is that I was able to pick up 10000 shares which has me currently sitting on a £70 profit. However my other 11000 shares are sitting on a £4500 loss so I guess it's swings and roundabouts.
Olpps, last I heard of 60k UK deaths was 60k flu deaths, not covid. It was a study fronted by Prof vallance and there is currently no evidence that anything like that is happening. Plenty of modelling suggests that covid is now endemic in the UK, but that doesn't mean the public, markets etc aren't spooked by what could happen here and what is happening elsewhere
I invested 20k in BHR which went bust and OPE which decided they didn't want to do shares any more, and offered me £300 for my shares, which I refused to accept and are now worthless. So I always have a wry smile when I hear someone say it's only a loss when you sell.
My take is that when cine was closed there was a hope that things would get back to normal before the cash ran out. Now every time people/businesses tick off the last demand (flatten the curve, save the NHS, lose Christmas, vaccinate the vulnerable, vaccinate the over 50s etc) a new one comes along (vaccinate all adults, vaccinate children, prevent long covid) and it is proving impossible to get back to normal, as any dissent from the narrative renders you a lunatic or mass murderer. There are too many demanding we never get back to normal, who want to wear masks, enforce testing, socially distance etc forever, so I suspect any shop, pub, cinema chain etc who tries to bring back any type of normality would face a damaging backlash so most of them will not bother. Cine may have been higher than this when closed, but it was also sub-20p last Autumn. The future of Cine is still very much up in the air, in my opinion. I am baw deep here and wished I had sold when it was a toss-up between this when it was 90ish and NWG when it was 210ish. But I pressed the wrong button and am now holding in the hope that cases start dropping in a few days and there is some sort of goodwill left on 19th July.
Crumpets, I have done plenty research but I'm definitely no expert. I bought in because I am willing to accept the high risk for the potential high reward. My fear is not missing out but the British govt sleepwalking into an economic disaster due to covid hysteria.
My impression is that because Cine is a British based company and listed in Britain, the state of the British economy and restrictions here have a large part to pay in the prevailing price.
I was expecting the price to increase significantly had restrictions ended on 21st June. I take it you would disagree, as ending restrictions in the UK would only impact a small percentage of Cine's business.
I am down 10% in CINE. I expect the price to drift down over the next few weeks with the occasional blue day to give us hope. Then a large increase IF the end to restrictions is confirmed, hopefully enough to get me in profit. I say if because with all their changing the goalposts, the deceit and the lunatic/clueless advisers, who can trust a word the government says? I also expect a winter resurgence of covid, and if the restrictions havent ended by then where does that leave CINE? Mooky warned some time ago that the worst case scenario is that Covid could put CINE out of business. Unless anyone can tell me he is no longer saying that...
" I’ve been a visitor to this board since investing in Argo back in feb. It’s been a great source of information and reassurance through the ups and down. Am I right in thinking all the constructive posters have now move to a closed board so I’ll no longer get the reassurance from “the good guys”? I have tried to contact delacey but can’t find any way of messaging him as this is only a premium service.
Any assistance or advice greatly appreciated.
Jp"
In other words "Hey, you shower of useless arseh0les, can you help me contact someone?"
Maybe you can explain to me how some random posting on a board can manipulate the market, unless it's a stock with only a handful of daily trades? I don't buy it. And personally speaking, the advice I have read on boards that has been the most useful is some of the negative stuff which has got me out of shares before a price drop. Not everyone wants to only read the positive stuff.
Someone should tell hIm it's seasonal. Although when it probably returns in September it shouldn't cause too many problems due to vaccination.
Actually I object to bullies harassing people full stop.
I'm not in any of your groups. I buy when I think I can make a profit and sell when I think the price will drop. And hopefully make a profit in the process. And if I can read something on a bulletin board that can help with the decision making process, all the better. Which is why I object to bullies harassing people who have useful information, to the point when the person gives up and moves on.
Bonkers, I never saw your reply to me before it was deleted, and now my reply to you saying I didn't see your reply before it was deleted has been deleted, so if you can be bothered to reply again, I'll try to read it before some chump writes something abusive on it and it gets deleted. Unless the reason your reply got deleted was because it was abusive, in which case don't bother.
A very positive statement from one of the 2 horsemen of the apocalypse. However, I'm just reading on Twitter a list of places where you will supposedly need a vaccine passport (or presumably a negative test), and cinema will be one of them. If it is confirmed (by PM tomorrow), I wonder how that will affect attendances. I would have thought most cinema goers will be too young to have been offered one, and can people be bothered having to get a test to watch a film, especially when you can go for a pint or a meal and you supposedly won't need a test. On the other hand, it may encourage people to attend who would otherwise be too scared and there's plenty of them.
I would say ignore it, it's an unpassing trade, which is not a trade. You usually get them at the end of the day, Google will give a better explanation than I could!