RE: CINE vs BOO6 Oct 2020 16:04
Got to come good at somepoint mate, the fundamentals are there but the confidence is not unless it is pure manipulation but I doubt the latter, just lack of confidence or lots of people are ready to invest but their target is 320-330 levels at at 340 it is very close to such levels.
If we moved up and closed above 360 and stayed there a few days sentiment would be more positive.
Whilst we are hovering in this 340-360p range the sentiment is rather neutral and leaning towards negative.
It is either gonna hit 320-330 levels and then bounce or it will just sit in this range.
The witch hunt,, negative press cannot go on forever, perfect example being Cummings, media other MP's wanted him fired and it was all over prime time news, in the end he still has his job and nothing came of it.
This will all pass, BOO will post updates on further booming sales/profits, further incredible US growth and more acquisitions and we will move up but if we all learnt one thing everytime BOO moves up it also takes one big re-trace and then lulls around it never has a steady growth momentum, joys of AIM and a lot of PI's taking profits.
Lots of us got in around mid 200's I sold in mid-high 300's and took strong profits, I then got back in low-mid 300's and am pretty much at break even now whereas last week prior to results I was sitting on several thousand profit which I wish Id have taken but instead I have now watch that profit disappear and so far this share is not showing signs of reversing.
Hopefully today we can close around 345p down I know but then tomorrow we can move north a little each day, find stability and move slowly north.