@Lee72, but was it unexpected? In May I posted on this board that most likely we'll see CINE heading to mid 70s. There's no big secret, just look at the chart. The current SP is in line with expectations.
In May I posted that CINE is heading to mid 70s and got a lot of abuse on this board! Where's that Mike silly cat? Look at the numbers! There are plenty of posts from today blaming shorters, MM manipulation and what else. Perhaps, some need to learn how the stock market works.
Don't throw rocks at me but I think it's too early to take up a LONG position. Possibly the whole sector will be undergoing some correction in the coming weeks and with ever declining SP could you expect RR to hold ~100 mark. Mid 70s look much more attractive getting into RR.
Jokes aside, if we top the previous peak at 66 then closing the gap all the way to 130p is very realistic, especially if we get some positive news from TLW. It looks to me almost certain that we will hear something positive in Q2 / Q3 which will cause a similar effect to pouring petrol on fire. And look at the flag pattern, must be alarming for the shorters!
AMGO is very high risk but it's more than just "plan A or nothing". I can see the reason why some bought in the 20s (in anticipation of a successful outcome the SP could've easily tripled) Now let's imagine an altered proposal is put forward in 3 months time and gets approved. Can the SP reach 50-60p? Absolutely. Potentially, we're looking 5 fold from current levels and if the SP is 5p tomorrow, maybe 10 fold increase. Name me another stock with such potential.
I also don't get it! Only half a year ago nobody could foresee oil price to rise and hold so well. I remember reading forecasts of 35-40$ / bbl for the year 2021! TLW are in a very good financial position and the SP does not reflect that. We should be trading much higher.
Hopefully, nobody else follows because AML's in the mud. Just my opinion but when you see the SP reducing ever since IPO there's no place for such stocks in ISA! Sure, it can be attractive to make a quick buck and I trade AML from time to time but LTHs will have better opportunities elsewhere.
Last year in January the SP was ~20p and in February people on other forums started actively discussing NCYT stock so when I looked into this company the shares were already trading in a 100p range and then it went up to 400... pure hype but then I thought that NCYT is a good stock market "corona gauge". So many people look surprised that the SP is deflating but the numbers are low too. Just shows the gauge is working correctly. :)))