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I'm not in wizz I was referring to previous panic sell offs ....sorry for confusion...I got small amount of jet2 for the record
I think yesterdays sell off was mainly because of news that Iran might attack Israel this weekend, hence the sell off just in case this happens. If it were to happen it would mean WizzAir would be force to cancel all of their flights to Israel again, they only began to resume their flight schedules to Tel Aviv last month from several European cities.
I also think that this keeps the SP down as Wizz was the largest airline company operating to and from Tel Aviv. Now loosing most of that capacity and continuing threat of escalation would bring it down even more.
Thats just my opinion
good luck all
Kapa I'm still in WIZZ which is not wizzing as the name depicts
Lol,
does anyone know why the drop yesterday I see its long way to results for FY on 23rd may
If you're not in wizz, how is it then that you've been caught?
Just curious what you mean.
Always get caught out on these panic days .....glad I'm not in wizz at the moment
Don't worry £24 will be back. Overdone 'fire sale panic'as usual - shakes all the little fish out of the market for the big boys to hoover up next week. The traditional annual rise towards results in May kicks off about now too so it's looking good for the coming weeks. All imo.
Knew I should've sold a tranche at £2.40. Shorts are piling in ahead of results.............am kicking myself now. It will turn eventually but I missed an opportunity
EZJ and IAG also down by similar amounts.
Think its more down to the Iran Israel stuff
"Quick look at the charts for several years back shows sp rises into May."
The trend is your friend...
If the numbers are not fantastic the shorters will ve laughing
Passenger capacity hitting records, lower inflation , interest rate cuts in the near future, new planes
60 pounds soon looking good
Quick look at the charts for several years back shows sp rises into May.
Agree Mat,
shorters always get blamed for everything on all these boards, as others have said likely playing both sides of the fence anyways.
Regardless, its earning season now, so time to buy not sell airlines, took a position here week back, not to trade but for a lth as think the company will come through earnings season ok and make a decent profit by the end..
Yes matey as I don't like the shorts increasing
Didn't you sell your Wizz shares on 24th March though KPA1?
Good luck mate but i can't see it hitting 40 again
"I'm surprised by the rise, in conjunction with the shorts increasing."
... as someone else touched on... a common strategy amount the pros is to use shorts to hedge against their long position.. so increasing shorts could be an indication of also increasing longs... fact is we just don't know.
As far as I'm aware, there is no evidence that shorting pushes sp down... if anyone finds some then please post it.
Trying to guess the day to day fluctuations is near impossible... I'm here for at lest another year I recon,,, and I expect to be selling at around 40
Take profit dd u know it will end in tears ...look it hit 24 plus today and it is 80p down now
DD
Split the pot and keep a foot in both positions, maybe?
Covers both alternatives, Just a thought.