RE: Historically Bad Investor6 Aug 2020 17:48
@ hstrclybadnvstr
You're sitting on a paper loss but if you have confidence that global cinema is here to stay, then stay put. It is the reason you invested to begin with.
Don't crystallise a paper loss to an actual loss.
You don't need the funds yet and take comfort that prior to Covid-19, there were investors with a sizeable take at much higher averages i.e. 200p, 165p, 100p etc.
There was no news today to warrant the drop, other than short positions by capital funds.
Schools in the Uk are re-opening, next month.
Children will be sitting elbow to elbow, sharing teaching materials, not wearing any masks or adhering to any social distance in an environment that has frequent touch points. Ask yourself, if the dynamics of a classroom remain, if passengers can fly long distance, if you can ride the metro and return to your office/desk environment, you can certainly sit, in static, staggered seating for 90mins and watch a movie.
Stay put and change your strategy to long term if you need to.
You will get your money back and some when Cineworld re-open their US theatres and we have some positive news on the vaccine, which isn't just going to recover this company/share, but your entire portfolio.
I also advise on diversifying your portfolio going forward but what is done is done.
We should see H1 results, tomorrow and Cineworld can re-affirm investors that their liquidity position is strong to see them through this year and into the next.
Good luck and continue to be patient.