RE: Surprised the shorts....2 Feb 2023 10:06
This stock cost pennies and and there is reason for this. I see no reason why woul you buy more of this atock as its falling keep falling down...
"Taking a step back from the short-term share price action, as a long-term investor I continue to avoid Cineworld like the plague. It is trying to sell its assets. Plus net debt at the end of June was a colossal $8.8bn, and recovery in its core business is incomplete. Revenues in the first half of last year remained 30% lower than the pre-pandemic equivalent in 2019.
When a company repeatedly warns its own shareholders that they could be wiped out, I take that seriously. On its own, it is a big enough red flag of the risks involved to stop me buying Cineworld shares at this point."
... Personally i agree with this option.