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Right on jtan; plenty of vol some someone must be interested or else they'd head across to Comex and forget airlines for a while. GL
I never learn- should have sold when I lost the first 12 % and switched to gold. Now i'm under water by 30%. I've so little shaeres I may as well stick these in the bottom drawer as on poster remarked. Even Buffett has had to wait a year or so for upturns and boy, he's seen some mighty routs in his time.
Home made twiglets and adams ale till then.
Purchase the last time it went sub £1 back when covid was new. made nice quick 50% profit. Will repeat exercise if it goes sub £1, though do not expect as fast a rebound this time, will be one for bottom drawer. GLTA
Apologies not making it easy to read, just rattled away.
Jtan,
I still think weare in a general bear market, and this was a dead cat bounce, Ftse100 excepted as is oil/commodities weighted. I trade Ftse watching oil prices / Shell/ AAl. Shell /Bp has dropped as has ftse and I watched as oil gap got filled as ftse100 rallied, inthat scenario airlines willopen on optimism or climb but not sustained. Remember how hedging works, beyond that everything is a cost, so at this level is is an ever increasing cost so if ftse100 rallies downside is limited despite costs but if not (ftse100 falls), it affect much more I also do the same when trading IAG with inverse effect to a certain degree, oil has dropped 1$ in 30 minutes but overall still high.If i just landed from Spain the airport it looks busy but if i just landed at terminal 4 (just re-opened) which has just opened? I know it accomodated a lot of other airlines, squeezed into the other terminals whilst shut. Full picture, airport not full but full capacity now.
Looking at IAG balance sheet and debt (utterly huge, most co would be bust) like many other other others (international travel tui, SIA, Virgin,etc) it should be a penny sttock but is not but is supported by instutitions and friendly policy by institutions and govt govts (if indirectly), on the other the fact that it isn't is a testament. So do't dwell too hard but isa burden servicing it without other things getting in the way.Enough of negativity,it is currently above £1, arguably low but not cheap. If the clouds disappear it has potential. Look at the share price and let others guestimate the finances as I know 50% in the public domain and 50% is guesswork. I just look at charts, far easier, if it bounces I will if I can buy toride it , if it bounces hard, I am afraid I will go against it. However in future if the picture clears, sooner or later, I may change my mind.
I suggest not being here watching every tick, enjoy your life, don't add as it seems you are in quite a lot, never mind if you miss a 10% bounce inrecovery to get in, you may be more re-assure.
Have a good week. I too had many sleepness nights learning and still am learning. Take care everyone.
Ozzie, that's nuts about CCL, I personally know people taking another massive cruise this year as they did last year, bookings through the roof. To drop 16+% is pure manipulation by the brokerage firms like MS
Marab, i am here!! lol
where is sudee lol head in the sand lol
well ill sit on the fence watch this price fall sweep up the cheep shares might even get the ave down to 114
I wouldn't say the airlines are in 'crisis'. Will the article spook anyone into selling to a bigger, more long term fish ??
https://www.telegraph.co.uk/investing/shares/airlines-crisis-four-reasons-buy-shares/
Jtan, if you are under like me and I assume most on here, just stop looking at it, it will rise, it always does, but not when you want it to bud.
Could be worse, you could own THG!!!
Take Monkey's advice, have a cold one, cut the lawn, something.
pqrden my types, I think you can figure it out.
Jtan,
I feel for you, so I thought i would puld pen to paper/screen. It is not manipulation, it is the market, If you hear what I said about trend...
I am not invested here but to be honest, I was looking short any spike but done neither. I an trading other things, long indicies and now out having gone short ans sould out so am looking to chill for a bit with a beer/film before coming back, been lucky so far bur I will cut losses (remember).UK is oil/co,mmodities and so watch oil price live.
Please go and have a beer or do something you enjoy and have some away from this. It is not healthy for you.
There is no conspiracy (ok maybe just a tiny bit :)), just a cumulative of the market
exacerbate ( when it is bullish..ultra, bearish same, when it flows it floods)
Do not listen to the fag packet calculations,,, mostly optimistically incorrect as all by holders so biased and lacking real facts. Follow the money/market (stock)
Take care, stay cool.
Oops, Terminals 2, 3 and 5 (4 was quite quiet).
@lloyds, I don't get it either. I've been at Heathrow all day. The place is heaving. Yes, I know there is a shortage of handlers but Terminals 2, 3 AND 4 were rammed. (BA are currently flying out of T3 as well). Based on the number of customers, we should be considerably higher than the current SP.
Dont get me wrong, if IAG was at pre-pandemic levels then I would 100% understand why it would be performing notably worse than FTSE. But it is not. What they are effectively saying is that the company is worse even than the pandemic lows when nobody was in the air. It really doesnt add up
Not really a laughing situation mate
I can see the ftse fading the move up as typical Inflation headlines takeover and strike risk. We already know the July print will be worse than June.
Interestingly sandbar cut their positions a bit for iag and ezj but I'm not hopeful