July 4th29 Jun 2020 01:32
With the shorter week, reshuffling of portfolios (~$70bil), COVID increases - it will most likely be a red week (but who knows!). If you’re holding, perhaps look away, average down? If you’re waiting on an entry point - could be a good time.
Good news is - I don’t see US Covid cases increasing as they have been, more likely a plateau(ish) few days before the decline.
Travel boom is good - cinemas in Europe opening will give CINE 30% of their market back.
Some analysts are predicting another FED stimulus, which we all know turns everything green.
Movie delays could be a blessing in disguise, if states begin to reopen in a couple of weeks time.
Will be a telling week.
Either way, try your best to not stare at the screen all day. Company fundamentals are still good - and CINE is in a *much* stronger financial state than it was 2 months ago!
Only a matter of time ...