RE: Warehouse / oasis17 Apr 2020 14:43
I always look for bargain and as sectors go, retail, travel, leisure and energy are taking a battering, and naturally offer some discount to potential future SP.
Yes, I know BOO is quite clearly retail, and big name/giant. I just think its a tad too dear for me to make much money on at these levels, versus the risk/uncertainty we have for much of the summer and not to mention the theory of a further wave of infections in October. After the results and if they drop as they often do at the best of times I will be potential buyer again.
Currently I am watching BP, Air Partner - actually hold these two at the moment. But next week I may not if I can lock in some profits.
Also watching Ryanair, IAG, Purple Bricks, and Grainger. I tend to trade frequently when we have such volatility. I am only trading companies that I have confidence in that will do and bounce back strongly and have the means to grizz this out for a year. My strategy being, that if I get the short term trade wrong and they fall further I am not stressed as in 12-18 months they will show a profit.