No, I mean well before covid; 2015-mid 2018. Stock popped from 2018-mid 2019 before crashing which was due to lowering guidance. They posted strong growth numbers from 2015-2017 but the stock barely moved.
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a littile bit of global domination and some fund got into them in a big big way and pushed things around and then they bailed so high volatility over the last couple of years or so and only half of that was covid but is a big hit to the cinema industry no on can deny.
I've managed to get break even now. Am reconsidering if this could be the death knell of cinemas.
Big pop this morning on no news?
No need to have news. This is a clear recovery stock with SaaS involved.
Global SaaS median P/S ratio came to over 16 by 31/12/2020. https://www.saas-capital.com/blog-po...ny-valuations/
But the ratio of VGL is less than 4, largely undervalued.
Back down to earth today, low volume though. High volume yesterday.
Positive news: https://www.scmp.com/news/people-cul...-tolkiens-lord
Possibly was the reason for the pump yesterday.
Not a pro with technical analysis but closed above the $2.41 price level that was rejected in a big way last June and rejected again last week.
Hold quiet a bit..... people still can not travel overseas..so many will spend on eating out, shopping, movies
Buying opportunity today? Big drop on very low volume and seemingly no news, perhaps Sydney covid scare or just a victim of the wider pullback in tech on the NASDAQ.
Big volume yesterday n today was a negative sentiment