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Worry not fellow citizens we shall have a bounce today , Lot of results from essentially good companys ending in a fall recently only to bounce back in a couple of trading days , dont see why this wont be the same
Let’s hope that was @stupmy at 475…now he can get with the program :)
I'm waiting Stille, I'm hoping for 467 or lower. There are risks of falls well below that level, but FOMO will have me starting to build positions at 470 or lower.
Just bought another £5k , seat belts fastened waiting for take off.
I should also say that I get Melab's idea, but suspect that there will not be significant buying today going into the weekend with the Boing scandal getting more media coverage. I said before, that these things have a tendency to bleed over. Take the scandal on miles per liter in the car industry a few years back. It started with one manufacturer, but it quickly became clear that many (all?) were using the same tricks. I get Melab saying that there's often a bounce after a drop, but I suspect that there's no rush to buy here. As I said, I'll probably struggle to stop myself buying at 470 or below. But I see there is a risk that we could see 442-448, 423 (or below) or even 371. Bearing in mind those preceived (by me) risks, I really don't want to start to build a position this high up. Could end up sitting on an opportunity cost that could become quite long lasting if we move into a global recession (I believe we will) and leisure spend becomes reduced (I don't believe it's a baked in certainty that people will maintain their travelling plans if total compensation is reduced).
Are we all under a false sense of security..... Not seeing abounce
Stupmy, why not 250p, or 125p or 50p? Anyone can throw low numbers around.
If you know me, you also know that these are not random numbers. I've given up explaining myself as I get too much abuse. Being right quite often is enough for me. If you continue with your childish challenges and refuse to do the work to try to understand what I'm saying, then I will simply filter you.
I say more like £4.82...thats why I sold into the rally yesterday at £5.11..was happy to buy in at £4.91..Now waiting patiently for £4.82 then i will buy again. GLA..this will be at £6-7 by year end..DYOR.
you come across like a right ******** stupmy. please do filter me. i might do the same with you as there is no point reading your unsubstantiated dross. its not surprise you get a lot of abuse.
It should bounce as soon as the pilot issue is resolved.
Too much doom and gloom here imv given travel demand is still high, interest rates are about to be cut and the gaza problem will be resolved within a couple of months easing oil prices and adding routes. P/e already low so sp will for sure rise from here imv.
Actually I’ve been following @stupmy for some time and although he deramps quite a lot and I disagree with him quite a lot I’ve always found him thoughtful and pleasant. Either way best to all, whatever you decide.
I wouldn't call it deramping, I see that as attempting to influence the price to the downside. I'm not doing that, I'm being honest about my view and my plans on trading this share. Nothing more.
Added at 490p
gla dyor etc
£4.82 getting closer..Lets see if it actually gets there or it bounces like yesterday. If it does, i will buy back. Hope it does though, then we can move higher. GLA.
@stupmy
I correct myself….not deramping but maybe failure to see the upside?
:)
If I couldn't see that Stille, I'd not enter. I see the upside, but after years of doing this I've learned that 'buy low' is key to making money on the markets. You just have to find entries that represent value. For example here, many did not believe we'd see 495-500. Some openly stated that 470 was not possible. Time will tell and those that bought at 520-530 during that consolidation phase, will be wishing they'd waited, because what looked like value to them at the time, no longer looks like value and they now need a 30-40 p (7-8% rise) in the SP to hit b/e. If you do buy value, get close to where a bounce is likely, then you can be out at a handsome profit quite fast and not risk the opportunity cost of being trapped into positions for an extended period. Many of those that did 'go early' will drop their positions when the SP turns and feel happy to have exited without loss. That will be visible via TA and exploitable to those who understand what's happening. But it will give a much reduced profit to those who were not patient in their entries.
Cool I first re-entered at 323 because I ‘felt like it’ - no other reason. 4 weeks later it was over 50% up. But it’s hard to completely dump your position when you see it has further to run….eurghhh
That's a great entry. It's not often one gets 50%. But it goes to support my point, that if you buy value, you can sit back a bit and things are less stressful. The hard part if identifying value. In your example you say that you just 'felt like it'. Very often those feelings stem from quite a wide understanding on a subconcious level that has come from having a keen interest in an area. Gut feeling is not to be sniffed at (similarly gut movements!).
Stupmy, I do not think anyone can time the entry buying low. Even if one does, it would be a small position as am sure many have learnt now to not go all in at once rather have some various entry points depending on how the share is doing.
There is an increased short position and I think this will now stay subdued until next quarter results. I sold half of my 490 entry at 512p. I will wait to top up and I think this is going to 475 and then with BoE rate cut decision should bounce a bit at which point I might sell my 490 entry and keep the lower entry.
Strike, you don't have to call the low for it to be successful (great when that happens though). I have a positive view of EZJ or I wouldn't be here. I didn't buy at 580, I didn't get tempted at 520-530 and have waited, based upon my belief that we will see 470 or lower. I stated this over a long period of time and have waited. If I bought today, then my approach would have been already successful in that I avoided higher prices. But that might not give me a high chance of a fast profit.
Position size is a personal thing. When you learn over years to handle money, you're less prone to jitters, but it is one of the key limits that will prevent many traders/investors ever being successful beyond taking Avocets sweet money.
Large trades going through? HL just sat at 521 to sell for a good 2-3 mins, and the price even moved between 520.8 and 521.2, so wasn't auction
@stupmy
This is wisdom from the young circa feb 2023…: “Mum, I took it all out of ezj and put whole lot into SIPP S&P tracker fund…I finally worked it out after 15 years….not bothered how long money stays there…just want a peaceful life” But he still goes to EZJ first when buying flights :)
You know, that's also important. You have to fit the investing/trading with your personality and lifestyle. So for example I don't do anything exciting. I don't want to be tied to the screens, I have many other things that I need to be able to attend to. So for me, no forex, no crypto, nothing that is likely to be heavily affected quickly by macro-economic considerations. So, it has to be what I view as value, main market and only companies that look to have a future. But, getting that balance right, is I believe important.