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AndItsGone - I take your points on board. Testing will get better, gen 1 will become gen 5, test to pick up asymptomatic and on it goes. I can't see 50% uptake in the vaccine, no-one I know will take the first batches, and then its down to production times to feed the market. As you say, a mixture of two with both becoming better. The anti viral masks coming soon will help, as we know confidence is everything.
You can't test out of now what is an endemic disease that spreads like wildfire and is asymptomatic in most people. That's why testing will never bring and end to this, especially in the EU and and America (Far East had some success as they are much more complaint). Testing only helps keep a lid on it but will never bring back normal. Treatments and a vaccine are what is needed to bring an end to this.
No idea what happens to covid stocks when the vaccine gets announced, those tests will probably be needed at a low level forever more. But i doubt they will be as valuable. Though people have probably made so much money on companies like novacyt I doubt they even care.
Just been reading some of the comments. A lot of people think the vaccine is the answer, why not testing? Genuine question, I have been in covid stocks for a whle and there is a lot of positves to this.
Any views on how tomorrow will go with the results out? We of course know a large amount of news so far, so this would be the forward bookings and cash burn information we will be updated on. I'm tempted for a further top up, but think will wait by the sidelines, got my average down but still at 1.73. Long term holding so no worries it will pick back up, will just take time!!
@WASU
We could do with a 5%+ day tomorrow, to get this back into the 100"s.
I prefer to play in 100-110p range to be honest. Nervous of going sub 90p.
All over the place though!!
Yes, I was watching today, so I saw some trends going on, and luckily I jumped back with 50,000 shares. Hope this will end enough high to any small drops if happen tomorrow due to panic sell, then don't mind anything within the our circle until Monday.
This realise me that how quickly SP can jump in Vaccine news... so it's important to stay in...otherwise we can't jump into the running boat...
@WASU
Great call.
Still around 2 hours to go.
Where will this end up?
Circa 6% range already today.
Watch the wall street and then FTSC 100 follows, then you see the IAG changes as well...
may be this is the way day traders use, expert will know...
it's playing the US now... extremely volatile. Can't predict where is going... :-) it's fun to watch.
@WASU
Good luck.
Hopefully it'll finish on a high today, but above 103p at least.
Small bounce back due to the US economy positives I think, below news on IG;
US STOCKS SNAPSHOT – Futures jump as U.S. economy notches record growth in Q3
12:43
Oct 29 (Reuters) – U.S. stock index futures jumped on Thursday after data showed domestic economy grew at an unrivaled pace in the third quarter as the government poured out more than $3 trillion worth of pandemic relief. ...
A separate set of data showed weekly unemployment claims fell compared with a week earlier. ...
At 8:41 a.m. ET, Dow e-minis were down 7 points, or 0.03%, S&P 500 e-minis were up 5.75 points, or 0.18%, and Nasdaq 100 e-minis were up 66 points, or 0.59%.
It's something positive now as turning around? I just bought back ...
@sunsuefer
If it breaks down through the 90p wall, I can see circa 85p.
Hopefully not though. ;-)
I'm thinking it will fall largely on covid lockdowns getting worse so SP reducing all next week too with only a Vaccine release deccidely turning the tide! but could be wrong hence only sold half holding!! lol
Once tomorrow morning is gone with the results and plan, then everything else is clear, only Covid play the game... but nothing much to down.
why not Monday or Tuesday?
My plan is to hold half, in case of Vac announcement, hence buy limit order for 1.07 euros and above but will have sizeable funds to buy should SP fall again over next few days then will buy sub 90p if it falls below that important barrier.. both strategies might fail lol
@Cleverinvestor: Don’t concern yourself with those buys and sells on LSE, they are mostly wrong. The LSE are not allowed to state a buy or a sale so the software works out the mid point of the spread, if it is above the mid-point it is a buy if below it is a sell. As the transactions are so quick and the spread is always moving it makes the process very difficult for the software to identify correctly. Observing buy and sales is a futile exercise.
@sunsurfer, I sold all of mine at 93p, just for safe side as I am hoping that SP will not rise until tomorrow, so planning to buy back before the weekend.
Predict SP may initially drop on the day but then finish up 3%.
I have topped up at 92p today to average out a bit. Its good to see BB without too much noise :)
I only staring buying IAG in April this year and have an average of 127p , still at 25% loss. But I plan to keep it. I have held it during this pandemic so only makes sense to hold it for few more months to start to see it come on the other side.
ps euros that is not £'s!
but have also put in a buy for 1.07 in case it rises rapidly so I don't miss the boat lol (which unfortunately i doubt it will!!)
just sold half my holding in case it drops and will average down....
Yes Tom.
Needs bums on seats and before that, airport testing (cheaply), numbers of Covid rates down and globally and of course, good vaccine news.
Before the year end?
I'm unsure, but still holding.