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@Teddy100, thanks for the insight, glad I am being over pessimistic with an original target of 2.20 for IAG. I wasn't going to bail any time before the end of April anyway as everyone knows this is the best month for stocks, especially those stocks returning to business as normal. Have a good week all and let's hope for a swift return to 3.10+. C
Hi Highwayman. I can see IAG hitting 250p by Easter, the positive news will come quick and I spend most of my time analysing Covid data rather than individual stock fundamentals and technicals. IAG and Nex like all transport / leisure stocks are only held back by one thing- Covid. I like Nex because it is apparent that the USA will bounce out at the same time as the UK, both markets having a positive resonance for both shares. IAG is certainly riskier than Nex but It is my intention to have long term holds for both these shares right through to dividends. It will be a rocky road the next few weeks and we saw big drops late Friday afternoon, yes due to The Nasdaq but there was a bit of tree-shaking and panicking PI’s, which is not unusual after a nice profit run. There is nice upturn in both of these shares and even with the NEX placement factored in the share hit nearly 480 p last January. Hoping Thursday’s results are positive then it all begins on May the 7th with IAG for their first quarter results, which is only two months away.
I am hoping to see a 7 day average death rate fall below 200 this week, the average death rate in the UK from 2017-2019 was 1692 per day. The proverbial ‘Using a Sledgehammer to crack a nut’ will be apparent to all.
I only have 6 shares in my portfolio and I can’t think of a better place to keep my cash at this moment in time, my view is if you don’t need the cash keep it in stocks. There is too much upturn at the moment. IMO:GLA.
@Teddy100, I had exactly the same thoughts last week as IAG has had a massive run and having bought in at the RI, am well up and they had nearly reached my strike price of 2.20. However, with things looking up for the airlines later in the year and especially in the UK and US, this could reflect well for IAG, but at what price? I'm starting to thing north of 2.60 could be achieved, minimum. Do you mind sharing your exit strategy? C
I wish I top sliced some of my IAG stock into this on Friday and topped up, I have held since June. it is certainly looking oversold and with the euphoria in the USA late trading Friday this is certainly ready for a quick uptick early next week as LTH’s appreciate the stock resonates more with the USA than the UK.