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Don't normally post here - do a bit on IAG, but EZJ is actually now my biggest holding. Anyway, the last few days has obviously been brutal, with the insane drop after the good results - and that was after the price had already slipped from over a fiver during the previous months. Disappointing, to put it politely. However, back at the start of the year this was languishing at about £3.30 - but a little over 3 weeks later had soared to over £5 - so let's hope we can repeat that trick again.
Nice little bounce this morning - a close over £4 would be welcome, and hopefully indicate that we have gone past the low point, and started another bull run. Let's hope that macro/geo-political events don't derail that. Anyway, I'll be holding; just think it might take a bit longer to get where I want than I had originally expected (much like a lot of EZJ flights) - but confident we'll get there eventually. Good luck to all genuine holders.
When I say "find a different path", I don't mean a different geographical route, I mean a different way of living -emotionally/ spiritually/physically/psychologically. I know I like to joke, but I'm actually being serious for a moment.
Most of the urban/semi-urban areas I have just come through are truly awful, but unfortunately not unrepresentative of the country as a whole - overcrowded, dirty, unsafe, hostile, noisy ,rude, violent, uncouth... I could go on, but life's too short. I feel like a stranger in my own country.
Of course, if I won the lottery, I could retreat to rural Sussex with my lingerie- model wife, and all would be good. That's Britain today- still great if you have piles of cash, but if you don't, it's pretty sh**e.
fordm - thanks for the input.
Apologies for the off-piste posts, but there's acres and acres of fresh, deep, fluffy snow to explore.
Just driven back from Bristol. Its about 8 miles as the crow flies to where I currently am. Took me 1 1/2 hours, and exposed me to some of the joys of urban living. Genuinely left me suicidal.
Need to find a different path, or I am doomed.
Dan - that's the trouble with "day trading". If it heads the wrong way, you can always get trapped into a longer term "investment" that you didn't want. I suppose the answer (if there is one) is to set a stop-loss, but then you risk getting spiked in the wrong direction - as a price drops dramatically for a moment or two, triggering your stop-loss, before (mysteriously) coming back. Luckily, the markets are entirely corruption - proof, so that can never happen. Excuse me, but I need to go and change my pants - I have just wet myself laughing.
Having seen what's happened to EZJ today, I assume we will all be selling up in a couple of weeks time, just prior to results day, and buying back (at a hefty discount) a day or two later?
Either that, or hoping for some catastrophic results, which would send the price rocketing skywards.
Tricky.
EZJ is actually my biggest holding now, so of course the price is going to plunge. Duh!
Sick of stock markets/shares, and the insane fluctuations and randomness of it all. I intend to move my (meagre) money pot into something a little more stable and predictable. Like roulette.
With any luck, and if there is even the remotest hint of common sense in the property market, you will be able to add your extra 25% deposit to a 25% drop in prices. That would mean a working person (such as yourself) could afford to buy a home for your family. Not a house - a HOME.
Unfortunately, that's where vested interest/greed comes in, and they will do whatever they can to shaft you, line their own (already bloated) pockets and deny your aspirations. Wish to God I was wrong, but probably not.
If you need to lie, steal or cheat to get your property, DO IT. You are being lied to, cheated on, and stolen from every day, so I think a bit of retaliation is entirely appropriate.
Sorry - my cynicism has reached record levels.
Actually, I'm not sorry at all.
Scarlet - Thanks for that, good to know. As I mentioned the other day, if you go back to 2019 BC (before covid), I traded this a lot, and quite frequently on the same day. Haven't managed to do that for a long time now, but should those good times ever return (ha ha ha), that could save quite a bit of money. The absence of stamp duty was partially what made this such a good day trade, but the introduction of the Spanish tax partially abrogated that advantage ( although 0.2% is still better than 0.5%) Just think - if you made a ten grand day trade every day for a week, and were able to claim that back, that's £100. Or to put it another way, about 17 pints of Peroni/Moretti, or 21 vodka and cokes (depending which pub you are in, obvs.) Anyway, thanks for the heads up.
PS - I see that we are back below £1.50 (again). Got to laugh, haven't you. Haven't you?
Well done - 5% in a week is brilliant - way better than working for a living. How many times have I told myself to always have something in reserve to buy any sudden drops - but yet again I found myself without funds, having put my last pennies into here and EZJ recently, at a price from which they have since dropped. Not too bothered though, I'm still quietly confident of making a few quid - it will just take longer, and it's frustrating to not be able to take advantage of things like the last few days. C'est la vie.
So that's all of last weeks gains wiped out in one session (EZJ too) Not so much one step forward, one step back - with this share it's more like one step forward, three steps back. Every time I think there might be light at the end of the tunnel, it turns out to be just another train hurtling towards us at high speed. The litany of setbacks here, stretching back over 3 years, is truly astonishing. I (and probably many others here) wish I had never even heard of IAG.
As you can tell, I am somewhat p****d off, so in true British fashion, I am off to the pub to drown my sorrows (again). At least the sun is out.
Good post Garonne. The timing of this attack is interesting, coming so soon after the Russian invasion of Ukraine. What next - China/Taiwan anyone? I think there is no doubt that a lot of dictators/despots around the world view 'the West' as being weak and vulnerable right now, and subsequently feel emboldened to act. Having Sleepy Joe in charge of the USA doesn't help - plus there seems to be a slight weakening of support for Ukraine as the war there seems to rumble on with no sign of a resolution. Also, many of those same countries are already drowning in debt, and facing economic and social problems of their own, and subsequently are less willing/able to intervene elsewhere.
That said, I think this this could backfire badly for Palestine. The Israeli's will obviously retaliate ruthlessly: also, while not supporting Hamas, a lot of people had some sympathy for the Palestinian cause. That is likely to dissipate when they seem images of hundred of innocent (mostly young) people being slaughtered at a music festival. Beyond evil.
Worrying times.
I know I like to pile into this countries problems and woes (justifiably so) - but right now it doesn't seem quite so bad. At least my house is unlikely to get shelled today, and the chances of me being shot are fairly slim.
Not going to go on another rant, but just to say about yesterday evening - housing is a necessity, not a luxury product.
Moving on, as Dan66 pointed out, we have just had 3 positive days in a row, which is unusual, and very welcome. Of course, that still only leaves us at the pathetic price of £1.50 something II seem to remember us hitting about£2.20 during the darkest days of covid. Go figure.
Hoping that the Israel/Palestine situation doesn't spiral out of control, or affect the markets too much. Just what the world needs - another conflict.
Even as I type that, I feel guilty. People are dying, and I'm worried about my (paltry) investment. Pathetic.
PS - danphonic, that is an exceptional post, and if the 2023 POTY award hadn't recently been granted, it would have been a worthy winner. I hope it works out for you.