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For what it's worth I think there's a lot of cash on the sidelines. The institutional investors bailed on a lot of the big multiples and it looks like they're starting to get into lower valued companies. The techs were trading at serious levels and most are down 10-30% from highs.
I'm wondering if the tech bubble has burst and the omicron V gave them a reason to now get into banks and cyclical stuff. Bitcoin is also selling off so Plenty cash going around... think ill hold my "trading" position for a bit, maybe over Christmas and see what happens. Although it's easier when ur up 7% in a day.
Big headwind here probably isn't covid it's fuel costs that'll keep rising imo
Nearly choked on my Tizer logging on today. So much for the doom and gloom Omnicron. Unless of course some big shorters are settling up that led to a cascade. Not expecting more that a few % tomorrow. Then again Mr. Market often surprises GLA
Personally, if your after a quick buck and your not in at the lows then your taking a big risk. There is going to be a lot of sellers on the way up, so you could be stuck in for a while.
Although, I could be wrong and this could jump to over 1.50 before the next day is out.
I'm happy to hold long... and if you are, then it's good at this price.
I'd pick another one to chase 101..
I'm still concerned about their finances ;)
Lufthansa just had an RI.. I have A LOT invested there.. maybe one to look into
Yeh decisions to be made wether to chase it on the way up with the very little I have left. My over exposure is telling me no but the good ole gamblers telling me yes.. haha
Yeah I'm in at 192, only £3k book but still not fantastic :(
I’m stuck in heavily at 187 and 220 so I can only watch this rise. Can’t afford to average down really incase news takes a bad turn.
That’s the joys of investing, learning all the time. Always keep some back. :)
big-blue
Market traders are seeing this as buy on rumours sell on news
livestock,everyone knew that over a week ago!
Hopefully holders this time
https://www.marketwatch.com/investing/index/xal?countrycode=xx
can be one of the catalysts
big-blue
News out this morning on cnbc the new African variant isn't so infectious American airlines are going up
Even that muppet Kier Starmer just called for the covid tests prices to be lowered, so some support coming from the 'opposition'...
Possible Fauci's comments just put the US markets into buy mode. Plenty of cash on the sidelines after the huge tech sell-off. Question is will it maintain this going forward or we drifting back. Hopefully sajid puts a floor under it tonight, but I suspect it'll be another condescending thinly veiled warning
Nothing obvious on the news wires, no leak or planned announcement. My guess is there is to be a unified response through WHO or countries are going to announce they will default travel policy to a WHO model. There was some chatter about the disorganised response and the word 'apartheid' used by the UN. Reversal on African travel bans under WHO direction and global compliance seems the most likely thing. Otherwise the leaky administrations in DC and WHitehall would be showing some local policy changes, and I can't find anything. Just fat people on aeroplanes.
It is a funny old game this, the news over the weekend was not good and this happens today. It shows the importance of keeping your skin in the game, that day will come when Covid is seen as a flu type disease and when it does this will soar. Great company, great Brand great potential and will double bag within the year.
Whoops, I think I just hit my average. Damn really did not expect that so soon. I took a monumental risk and put a big chunk in at 132. Very stupid thing to do, because i didnt have it to lose. I genuinely hope Fug didnt massively short this.
because the news seems a little positive, BBC definitely not gonna highlight the same...
EZ has more UK, and hasn't adapted/ taken advantage of the changing landscape apparently as much as Wizz and Ryan Air.
https://www.ig.com/uk/news-and-trade-ideas/could-easyjet-shares-soar-by-summer-2022--211202
I posted this yesterday but thought it would take weeks for the market to realise that Omicron is actually much better for all of us than the Delta variant.
I sincerely hope many PI's didn't sell in a panic.
GLA
My Penny's worth
The answer is definitely a QI 'Nobody knows!"
So a few assumptions have to be made...
Whatever variants come along, and they will, the question is how transmissible are they and how deadly. The transmissible bit can be good. For example, Omicron is more transmissible than the Delta variant and so far data suggests far less deadly. This means it will boost those already vaccinated and for those unvaccinated, not kill them as much. Further, there is evidence to suggest that it will replace the Delta variant as the dominant strain (like the delta variant did to the previous strain).
That of course takes time to see and markets don't like uncertainty and have been spooked and that is why IAG SP has suffered. I don't think there will be much movement now either up or down until after the new year. ...
Caveat--- Knee jerk reactions could easily bear down on the SP like border closures etc. As long as the transatlantic routes stay open the money will roll in. How much is yet to be seen but it's fair to say once Q4 results published SP will rise significantly. (Feb). How much will depend on many factors, and it would be a brave man ( or foolish one) to predict that far ahead (too much risk and variables)... but on current trend the way is up...
GLA
EZ seems to be lagging behind, although cant see any reason for it to. Maybe IAG was more oversold due to the US route exposure - with traders and investors more likely to stay in Ez, any good news will now move IAG much more in comparison.
Agree Big Blue - now its how they can make it look like they were successful and change policy without losing face. But I guess it is (touch wood) looking inevitable now
It is the revenue generating policies that matter, so until travel restrictions are removed the anchor dragging behind the aircraft remains. And of course the idiot politicians said we would have to wait weeks for conclusions and reviews and for no other reason than to save face they are not going to pull back policies earlier. They immediately dug hole for themselves on the very same day news of the mildness was sweeping around and voices from all over the world were confirming day in day out. It is now by for the overwhelming consensus and epidemiologists are beginning to call for the virus to be freed to spread and displace the more aggressive variants. But the vanity must come first. And that is why this lot have blown it, big time. They have to go. Wednesday pmqs will be interesting to see if the door is opened for a no confidence vote on Thursday.
Good news that they encourage opening travel restrictions to enable the new variant to kill off Delta. That would be great news for IAG and other travel shares.
I would expect the airlines to bounce back over the course of the week, after the initial scare mongering and fake news waves pass. Standard over reaction and a good time to lower your average. Price has hugely over reacted to the Omicron news, similar to most countries knee jerk reaction, shock horror it may not be too bad after all.