Did I Buy A Falling Knife?

16 Responses

  1. I bought 100 shares a day or so after earnings at around $43.85. STAR WARS in Q4 should help the stock.

    It was mentioned somewhere about wants to offer unlimited movie passes for a monthly or annual fee. AMC in the States also had its stock price drop a lot. Similar company to Cineplex.

    • Hey thats how im feeling too. The force will fix this…. very cool about the monthly fees for movies never knew that. I know a bunch of people who would probably do that. I saw amc was in the same boat. Cheers!

  2. I think the stock will bounce back and that the sell off is over blown. I currently don’t own any shares of Cineplex but I am thinking about making a purchase. Star Wars and the upcoming Marvel movies should definitely help in the upcoming quarters.

  3. PCI –

    Interesting purchase, and wild price to buy it there. How does the cash flow look like?


  4. I expected for CGX to decline to low 40’s, but not to mid-30’s. At the current price the stock is undervalued and should be traded higher. It will take a while to digest, but once the dust is settled, investors will scoop up undervalued shares. CGX is now under my radar. If the stock continues to trade that low next month, I will probably buy some shares.
    Dividend Income Stocks recently posted…Recent Purchase: Smart ReitMy Profile

  5. John R says:

    PCI, good luck with this one, I hope it turns around for you & others that bought in.

    It’s just that I’ve been around too long, having seen the market up’s & down’s, knowing that investing in stock market even when you believe they’ve hit bottom or seem to be a bargain is a total crap shoot.

    Try to always hedge your positions

    I’m guessing this could drop even further, maybe hit $25 or lower

  6. Leo T. Ly says:

    It’s very difficult to time the bottom of every purchase. The reason that you purchased this stock was because of a pull back. Six to twelve months later, if the stock recovered, it wouldn’t matter much. I don’t have this in my portfolio, maybe it’s time that we take a closer look.
    Leo T. Ly recently posted…Living With AutismMy Profile

  7. Yeah, you almost never have the perfect timing. Sitting back to collect the dividends and let the company and the compound effect do their work is the best thing to do.
    In 2015 and 2016, when resource prices dropped (oil, iron ore etc.), I bought Chevron, Rio Tinto, BHP Billiton. All fine businesses but man, their stock prices fell like a stone after I entered into my positions. Chevron from usd 100 below usd 80 and BHP’s price was cut in less than half, Rio not much better. Today, they all have recovered nicely. I’ve never thought of selling but still could kick myself for not having bought many more shares, when prices were so beaten down. Rapidly falling share prices can be kind of scaring resp. paralyzing.

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