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@TradingPlaces69,good to here you’re still interested in this stock.Like I’ve said before,I’ve no idea what I’m doing.Sold at 2.04 today and waiting to buy back in.
GLA
TP,
Whatever I sold in Iag at 202 was bought back at 201.8.
202 is resistance line on my chart, hence I sold hoping it would retrace, but it didn’t, so I bought. Simples. There is no point fighting with markets, better to go with the flow!
Some of my positions were bought at 93p and along tha way I have added more at support levels and top sliced at key resistances and bought back on retraces which has helped me to increase my total share holding.
I will be selling at 218-225 or maybe around 236 area. That is strong resistance area and iag May retrace back to 192-200p. So I will buy back there.
If it breaks 236 and moves higher, I will jump back again. Again go with the flow. For next 2 years I am going to trade mainly in iag.
I am not here to compete with anyone. I am here to make money!
@A69
'Good to see lot of people are now changing their entry point from 160-170 to 190s.'
Whilst I know this is not directed at me, I've never said 160-170 is a viable re entry point now.
I think it smacks as very patronising to others.
You also state -
'I think today’s small retrace was - 'expected after continuous rise over last few days.'
Your second point 'expected' is an almost identical post I made yesterday.
What I find interesting about your posts lately is your true belief and oft posted SP price range.
Believing this will rise to 210 / 218 / 225.
Only to see you then post you part sold a holding at 202.
If you really believe this is going to 218. Why would you sell at 202?
You have also previously posted that day trading now is for fools. Yet you posted before you sold 50% of your day IAG trading portfolio.
Look, I don't really care as long as you've made money. That's the point.
Anyway, whether in or out, good luck tomorrow.
Gonna be an interesting few days
Good to see lot of people are now changing their entry point from 160-170 to 190s.
Iag again managed HH today which sign of uptrend is intact. I think today’s small retrace was expected after continuous rise over last few days.
It has bounced from 200 today couple of times, so not sure if 200 will be broken. Too early to say.
Tomorrow is another day.
In my view journey from here to 320 is will be quick. It should settle around there for some time. This figure is about 20% below pre Covid. If you see the good recovery st oks are trading just about 20% below pre Covid. TUI is around 440, which is 20% below its pre Covid price of 550. Same for some other good airlines too. It’s still a good time to get in and get a bargain. What can derail this is if any question marks on pandemic recovery. Right now the vaccine seems to be working well. Supply of vaccines is getting better and it’s seen that if the vaccine supply is not constrained then a large percent of population can be very quickly inoculated. It’s also said just 50% vaccination is sufficient to end the pandemic and we are fast moving in that direction.
Long terms it will be £4 or £5 but even that ‘long term’ is may be just couple of years away as normalcy reruns back. IMHO. DYOR
No one is in any doubt I think that North, eventually, is where IAG are going.
Many of us past investors, traders are out. Naturally we want back in, but at a value price. Who wouldn't? That's trying to get the best bang for your buck.
Volatility will eventually iron out across all stocks as we progress further down the Vax route and some kind of 'normal' will arrive.
But I personally believe there's still some great opportunities here. Not above £2 for me.
As A69 is happy to wait weeks or months for his 218 - 225 range, I'm equally happy to wait to get in around the low 190s.
That's not deramping btw, remember when we were all chatting excitedly about the 170s.
Short of a meteor or Ebola outbreak in London those days are behind us.
Good news everywhere which is a blessing on its own.
So, dry powder still dry.
GLA
@daggermal i hear you and appreciate your view. I plan to re-enter should the sp rock down below 1.99 tomorrow. Then its rocket to summer / Autumn!
DeepB/SunS
Tomorrow will be reddish but not GBH. Personally think 1.95 won't be breached, when I think about it. As long as no nasty tax hikes for aviation or fuel duty spikes. I can see this tickling around 1.98. Then personally I see tomorrow as the last of the potential hurdles, as long as Covid stays under control and no new variants take hold. Tomorrow will be the last of the bad news days for a while.
I may be wrong but my tea leaves suggest otherwise!!
Stay well stay safe everyone
DaggerMal
You can't be right all the time....
England is currently in a national lockdown and exercise is one of only a few reasons for which you are legally allowed to leave your home. The government have confirmed that angling is a permitted form of exercise. You can only exercise once a day and just for a short period
Oooops, fishing? Illegal. Still only allowed to leave home if essential, exercise or for work. It is actually a criminal offence to be outside doing anything else. 'tis true - flag down any police officer and ask them (chuckle).....
And I, m chilled fishing on the Warwickshire Avon loads of roach around, Cape Town sounds like the place to be.
@ usual suspects
I've only a 3% holding left in IAG, rest is dry powder. Took the profit at 206.5 and 206.0. As usual my clumsiness helped me as i failed to sell last night at 205.5 but managed to get the blip at 206 today (forrest gump or what!)
Haven't been watching much news of late so not sure what price will do but I'm mindful of the oracle 'aka' A69 and the usual suspects (teddy, Dagger, Linky & TP) as they also have a pretty good track record, so looking to come in sub 200 if it gets there, otherwise i'm enjoying the sun here in Cape town!
GLA & thanks again for sharing...
@linkop thanks and agree.. hard to tell from the charts at lunchtime where this is heading but happy to wait for a re-entry if not today... i hesitate to think that we will see it a re-entry point today (sub 200) but will monitor just in case we dip below 200... perhaps tomorrow as you say when the budget comes out and fickle hands react - there will be an opportunity before the shares shoot up towards summer / autumn.
I can see a blue day coming on now :)
SUNSURF
A red day today and tomorrow
Imo
Not horrific though. As Link said 1.95? Maybe not even that low. Just a guess. Sentiment is high but mkt is red, plus a few budget jitters. So red but not GBH.
Enjoy your day
DaggerMal
@Linkop: I can’t see this dropping to 191p, I expected maybe a 2% drop early on but the SP is holding up well offering support at 200p which is a good result considering the run of blue days and a 7% rise yesterday, quite frankly there is too much good news out there to be bearish.
Expect heavy increases in fuel tax for vehicles, part of the green con but the treasury has to claw back money and fuel taxes are always lucrative. Airlines may also find a heavy fuel tax imposed, again claiming it is to do with the climate change lie. Very few people can afford to switch to battery cars, the charge is not that much cheaper and the replacement cost of the batteries is highly prohibitive. So the overwhelming majority of drivers will remain with internal combustion cars for the next couple of decades and a lot of the covid expense will be clawed back through fuel tax.
And yes, despite the intense propaganda coverage of climate change claims, in the real world analysis nothing claimed stands up to scrutiny - from the debunked dog leg graph to every news story about yet another record apparently broken. The whole thing has taken on a religious belief system tied in with an hysterical propaganda panic. Forcing people out of their car freedom might be the final straw. The con can't go on forever.
cw1996, I am thinking between 191p-194p, as that is around 14p drop where many occasions around 14p drop in recent past.
I may be wrong but that is good entry price for me but also depend on how it goes.
GL to you mate.
deepbluediver, 200p was good opportunity to day traders, but bottom is much lower I think for re-enter, either later today or tomorrow morning.
When the city cashes in, it will be without mercy. Good for those who banked their profit ahead of the game. I will expect the budget used as the cover for the pull back. It could be very sharp as stops are triggered in a heavy cascaded. I'm heavy elsewhere so will wait for any retrace to settle down first, the EU airline stocks may take priority over IAG for March, with IAG being ready for a smash and grab early April as the big announcement on travel plans is made on 12th April.
Problem is, there is so much to choose from with sectors and stocks on the bring on emerging from lockdown I'm kinda spoilt for choice.
its testing 200 this am... re-entry looming.
I hung on just a bit longer than I should have done and sold out at 203.65. Just need a good price to come back in at now... fickle or what !
Sunsurfer, I think today is a red day for many shares, mainly Travel sector.
GLA
Hi Guys
Just sold another tranche at 206. now have lots of dry powder and mostly out. What do you guys think is gonna happen to the SP today a& tomorrow? Is the budget going to make that much of a difference?
GLA