Buy, Hold, Don't Look19 Jul 2021 15:48
I don't believe that Netflix etc are going to dominate the film industry. Box office is what drives the huge revenues that cinemas make and ultimately film producers. The money is there, that is why the business will stay there. This is ridiculous market manipulation to shake out the weak... mainly retail. It is sad... but the harsh truth that the rich do not want the relative poor to get richer. Most people will sell this stock. We will see this at £2 soon and the rich will reap the rewards from fearful losses. Do not sell, this went from less than 20p to £1.20 during the pandemic, when cashflow was only meant to last until June time and additionally when creditors had to give Cineworld a further extension to funds. We are about to reach a period where Cineworld can actually make money again.... so why would this not go above £1.20? Do not get shaken!