A word of caution5 Nov 2021 17:23
I had some very large orders this afternoon, lots of lovely profit. I was watching with interest a basket of airline shares. They were all marked up, ALL. If you think IAG did OK, my SSP was up just a whisker under 10% on whatever the key news was.
A number here are reading this as something to do with Q3 results and the ceo spin conference. If that were so, you wouldn't have had the nose dive in the morning! Easy J up 6%, the one I loaded 45k into yesterday, ssp (9.96%, Tui 6.25%, Jet2 4.8%, Wizz a mere 2.44%. If I cash in Tui Monday I'll already have the same markup I had pn IAG on Thursday.
So people need to be cautions about thinking this is an IAG thing. And all experience points to, march it up the hill, for it to be marched back down again latter. And also, paper profit can not be spent, it is only a profit when you cash in the gain.
Something gave the travel sector a boost today and it bumped around in unison, very oddly in unison.
So, given my stock had the highest rise of the day, looks like I have willy waving rights to the playground ;)