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Open 64.35 Close 70.1
Happy we pushed off 62p and I am even happier that we are holding the gains towards EOD... Positive into tomorrow (assuming we don't get a typical sell off before market close). I do think this next 4H close will be a good one and into tomorrow. Agree we are going to be back into 70p soon.
No idea what's going on!! We will probs end up green, but the volatility is just horrible.
Possible double bottom. I think 62p is going to hold here...
I just don't know how this share price is still like this. It is beyond manipulation. Even right now, again, we are red for the day. I am sure it is short term, but ffs can't we get a breakout and it holds?
Up < 2% and whooooooooooooooo LOL...
However, I do love the optimism and it does look like a reversal may happen and send us back into, at least, the 70s.
Looks like there are early this morning, but I don't see why we cannot reclaim 65+ today.
Agreed... These ugly dips never last long, they span over a few hours or couple days and before you know it you're back to 68p. that is why I believe we can close the week green and follow up next week with a rise back into the 70s. Current situation is painful, but temporary.
Potential to climb out here! Looking like we are getting some buying activity off of 62p.
I made really good money from Cine last year when it was in the 20ps... I did a realllllly high risk trade and it paid off big time and led me to grow my acc from 10k to 100k from Sept to Dec 2020. I spent the rest of the year growing in other stuff like RR, Tesla, Dogecoin ... and then I came back round to the Cine dip, and now it is trying to take it away from me. Fun times that we live in. Moral of the story... Use leverage to boost a small account, but don't use leverage on a large account, cuz it'll wipe you.
I know... At the time, I had made some decent profits off of them both and decided to pick a new stock that I felt was going to rip. Turns out going from 570 to 650 was not the end of Tesla's move... sad... and for RR, I kept seeing it hit 1.20 and reject, so I decided to stop trading that range and into Cine that I felt might rip. Sad huh? But, that is trading.
Same and I over leveraged... even worse, I closed my RR and Tesla positions at end of July to really get in on the Cine rip... (unfortunate major dip, whilst watching RR and Tesla rip). Not only did I miss out on 200k profits, I lost 150k instead! Major L on my part... and over leveraging has been the death of my spread bet account. Fortunately I have other stuff going on, but im down at least 60% of my entire portfolio. JUST because of Cine.
I have lost a significant amount on Cine (region of 150k)... I took some profits at 84p, only to get back in at 78p thinking it will continue up... LOL... I am pretty disappointed with this. I am hoping it does not go much lower, especially into the 50s, since 60p has been so strong these last few months. I did not expect a big red month, tbh...
If the Cineworld chart repeats itself, we are in for a few large green bars... Can we end the week green? I think so.
I remember when RR did a rights issue, the SP rocketed from £1 to £2.40 miraculously, then they did RI. So, if RI came into play, could we first see a bump in the price?
I had the Cineworld chart open a lot of the day and it was SO weird…
Cheers Bonkers, I agree. With a pre-pandemic SP of above £2, to then see it down to 20p, then to £1.24 and now to 60p is a bit wild and celebrating 85p the other week was short thinking. It is a shame that it couldn't have held and, who knows, winning the court case might create another pump and dump just like this.
I don't know who, why or what is holding this share price down, but there is some news coming our way for sure. Hopefully good news.
I guess I like your optimism more than my own lol... I would LOVE £1.50+
A new high within the relevant trend / month that we are trading. Apologies for being too general, I thought it might be obvious what I was referring to.
Forget all the nonsense for a second...
1: See here the medium term trend... upside is imminent and, based on Cineworld history, we will likely take out 85p quite easily - https://snipboard.io/5epbFJ.jpg
2: See example of how Cineworld often makes a new high, comes down, does a fake out and then rockets - https://snipboard.io/zVm8aO.jpg
Call me creative, but I would like to think we end the month green, above 85p.
If we win the court case next mo (or whenever if is called), £1+ easy money.
Downside? Well, there are a lot of potential things that will screw us over... but if we didn't go collapse at 20p when all cinemas were closed ... I am sure we can make a recovery now. So, forget the FUD and hold.