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Good idea deepblue very risky holding after market close today, Results will be dire tomorrow. Sell today buy back in again in a few days.
In the mind of get-rich-quick-joe and his pension pot. Sticks into IAG at 175 following the herd on the 22nd.
Sees it go up to 190 but he wants 10,000% return so can only see rainbows and further rises.
But joe has put a stop loss in place just in case.
Where?
I would estimate around the 185 mark.
There are probably 10,000 joes with stops around the mid 80's
That will be facts on the dealing desks in the city who will have much more info through the retail investor accounts. Whilst they will not be sharing info, the retail arms will all be showing very similar information.
Either the city keeps the sp afloat to stop the cascade fall, or it is allowed to go and all the buy in positions are fully covered.
Making money in the city is a very rough and ready business, and pocketing pension pots is the order of the day for many!!
@frenchie good point. Sold at 190 and waiting a bit
I remember end of December with the positive news from Brexit and a bull run of 20% people were also talking about missing the boat. Ten days later IAG was 15% down. Targeting an entry at 170 does not seems unreal who knows.
I don't really have a defined entry point, I am watching it very carefully. There is also part of me saying keep out until week before April 12th. As when I first came to IAG this time round in January, any buy in will be committed, as in for the long term through dips, although I decided to break out of that and take profits. I ave slipped back into day trading and find myself wasitng time glued to the live price app wherever I am. Might just retire alltogether. Might thrown in the kitchen sink and just leave it till November. Just don't know.
In one Deano.
DaggerMal
it will be up and down from now to results tomorrow. anyhow, i am taking a punt - bought a "placeholder" at 190 this am for a couple of G's to start off with. happy to dilute if it goes down but likely it will fly tomorrow.
Whilst I am quietly hoping a slight drop as I missed the boat (just being honest here dudes), I don't think it will drop to a dreamy 170 today or tomorrow - those who wants it should have bought last Friday (numpty like me included).
anyhow, hope everyone makes some money - ducatti's, honda's, dive trips etc wont pay for itself.
Big blue, it sounds like you’re hoping for 170. Going to be honest, that ain’t happening. As much as I’d love it to top up. You’re not going to drop from the 90s to 70s and whack 10% off the SP when sentiment and market had changed its outlook on the recovery.
Dependent on finish today, if it’s circa 190, this will pull back to 182-186 on results tomorrow, depending on how bad they are.
dropping from 191 to mid or upper 170's will be seen as a plunge by many - but from what I have been reading many seem to be looking at the 170s as the new entry point. However, where are the pis stops? If I know anything about the city boys, when they drop it, they will drop it hard to trigger as many stops as possible. That will send the orders into negotiated orders and end up being settled much much lower. The iis will have thier buy level alll set up but trying to predict where is the game. I have seen this so many times, the cascade effect where there is a chain reaction stops being triggered after a large and sharp rise - pis often end up worse off than before the spike.
It’s the market/sector stabilising after its bull run.
Not to mention results tomorrow, won’t be pretty and expecting a 2% drop on results. At that time I’ll top up.
All depends on what you call a plunge?
Overall sentiment on cyclicals is buoyed. Are you saying a retrace? Can't see it. A slight dip due to sell off ahead of results day. Probably similar tomorrow early. But I can't see this dropping drastically now.
Stay safe stay well
DaggerMal
BigBlue - a lot sooner than you thought
Anybody hazard a guess what time today the plunge will begin? I'm thinking mid afternoon when the city will catch the pis knapping.