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So new news that made IAG and RR go up was the vaccine which came out over the weekend... The news to make RR go up next will probably be US allowing flights from EU and UK. Scalping without a doubt increases your chances of missing the big moves... Whether news happens in our out of hours... As you may have had a few % lift just before the news, close a trade to expect it to go down then up it goes.... It's got to atleast reduce your chances by 50%... However by scalping you could make alot of money and not need the big lift depends how long we are waiting ????
Cw1966 yea you can scalp and make small wins.... Close and re enter lower etc etc... However the chances of you missing the BIG lifts are very high. I have shares with IAG with my average at 0.92 so currently up 82% which at one point was over 110% up. However my mate played the same game of day trading.. he made some money getting the small wins however missed the big one expecting it to go back down... I won't make that mistake.. I'll be patient
I play a little in the American markets.
You struggle to keep the pace with them that’s for sure
Fast snd furious …..
Botbot.. I agree with that about when we take our holidays for long haul... However this is not just UK. Although certainly does act like it sometimes. Long haul travel world wide is constantly being dampened.. looks likely one minute then off the table the next. When at the start of this year we did not think we would still be in this position now.
I guess next week's earnings will show whether the market and HFs have been over reacting or not.
Fingers crossed it's good news and the days of under £1 is far behind us.
I'm hoping we get our first orders on SMRs too. Really excited to see that
Sadly hedge funds have scared everyone to become day traders regardless on how big the news actually is so the daily volatility on even a solid long term company like RR is all over the place. Ultimately HFs win as usual as they take the big profits on way up and down.
Botbot
Well said. I applaud that ….
We got 22 fridays left in 2021 . So next Friday hopefully next Friday .
I do appreciate that long term holders are using this opportunity to lower averages, however there are a lot of people who bought in, and used logic to buy, and bought in at a good 96/98/100/105 level.
Now, the logic that says that RR is down is because of the "lost summer", but a lost summer is irrelevant to RR, because RR's 49% from engines comes from International, and a lot of people don't fly to the Caribbean in the summer anyway, or the US, they fly more out of the UK summer, so they get the better weather when the UK is getting cold, or cold.
I don't take vacations in the summer to fly to somewhere. Yes, we go somewhere in the UK, and I work. I do however take time off in November/Dec/Jan/Feb/March when it's cold here, and a very nice temp in Florida, or the Caribbean.
RR is being fluctuated by the Media. Travel stocks are being fluctuated by the media, and go the hedge funds are jumping on it, and pushing the SP down further.
Ultimately in 1, 2, 3 years time, RR will certainly be worth at least a double, if not treble bagger, that however does not stop the frustration of the fact that people have invested their hard earned money into something that for no logical known true reason is being pushed down below £1 a share, when RR pre-RI (RI Adjusted) had a high of £3.75 a share, and has reduced it's overheads by upwards of 15%. So RR is lean and mean, it has the plans in place to reduce it's balance sheet, the world is opening up compared to last year, and this stock market is "supposed to be" forward looking...
My rant, on behalf of all the frustrated people.........
GLA, and have a good weekend.
ps. As I have now updated this stupid spreadsheet with today's numbers, the good news is that next week SHOULD be incredible......Of course, despite IAG's overall positive update today, they have dropped 7%, who the hell knows what RR will do when the results are out.!
Yea I do understand that. I bought RR good 6months ago and taken these drops to lower my average... I would say the drops have had reasons with market sentiment about flying. Think 6months ago everyone was excited about summer holidays and thinking this year was going to amazing.... Not alot has really changed in the sector which just means more lost money... So I do get the drops... But this long term I looking to beat ATHs with everything they are working on... £1.30 and all that is no interest to me... So each drop is just another opportunity for me to make even more money in my eyes
"You guys forgot your happy pills today."
Hey, I'm pretty happy, despite the RR SP ...been in the BOO playground ..there was money falling out of people's pockets all morning over there.
In and out, shake it all about.
Will look at IG just before close.
Hear Hear Botot, you have hit the nail right on the head.
If you had got into the share 2-3 weeks ago, the movement has been great, yes.
If you had got in 4-6 months ago, paid 120+ and watched it drop for no real reason, and then drop further for no reason whatsoever, and now slightly rise, then your feeling will be different.
If however you had got in before that, and watched something that means something like RR does, and watched it drop.....
Look at the passed 2 weeks this has been a great recovery.... Who ever expected it to go up like that with no drop what so ever from the top is not thinking properly. Look at the charts this is very much showing a bullish sentiment. Anyone day trading this is excellent to play with... Anyone investing this is excellent for a long hold. Can't see many losers in this stock. I'm very very excited about RRs future. I can easily see this beating previous years highs with everything they have in the pipeline and I'm a very proud shareholder of this company