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……I might sun that competition….I think I said 93p. On a more serious note, we are all getting utterly battered at the moment. Things have got much worse since the mini budget announcement. There must come a time when something political will happen if this downward trend continues? Tory rebellion? Change of leadership/chancellor….surely?
Results pretty much as I would have expected. I sold all my holding this morning at 2.22. To be honest, I really don’t understand this market at the moment. If I miss the jump up but it seems the market is surrounded by uncertainty at the moment. If the US begins to drop we are all in trouble. I wish you the best of fortune.
I fear this share is a shorters dream. Uncertainty, inflation and nowhere to hide. Tomorrow I predict we go below £1. Great news for those with dry powder.RR went through £1 and I thought that was it-how wrong I was. I am getting a little nervous….
Emerald……I admire your continued optimism about this share! I too am invested but you seem to forget that there is a large amount of shorts on this share and nothing in this market makes any sense anymore. Keep upbeat though as it gives me rapidly evaporating hope.
Dave. I agree, the update should be okay with far more people travelling nowadays. I am in at 2.31 but the market at the moment makes no sense to me at all. SSP might be seen as a company that is susceptible to the recession as people cut back on spending. All my shares are heavily in the red and I thought travel shares would head up post Covid but clearly I was wrong. You perhaps need to be slightly worried that I am invested in SSP….I am not a great investor. Fingers crossed for next week
You and me both. Utterly depressing. Honestly thought that these three would go up once Covid finished…..clearly not. 11 million sold on IAG and 3 million bought….and the share price went up! So many shorts on airlines at the moment. RR can release only good news and the share price drops all the time. Everyone keeps saying ‘ah but in 2 years time’…..like we did 2 years ago and we are utterly hammered. Who is to say that we won’t drop a lot further? I’ve lost a lot and I haven’t got the bottle to sell cos as soon as I do, I know exactly what will happen! All this and the Dow is not too bad. If the US starts going pear shaped, that we will be toast. Rant over…..
……about the weekend is that the RR price does at least not go down!
Still find it odd that three of my portfolio shares EZJ, IAG and RR have not recovered from the depths of the pandemic. Honestly thought that once planes were back in the sky, the shares would move up. Don’t quite know what to say about the year ahead. So often I hear, in 2 years time, but I was thinking that 2 years ago and look where we are now. The Dow seems fragile at the moment and I worry that it could go pop at any time and then we might all be heading to new lows. I do sometimes feel that the market too does not seem to make much sense….many more buys than sells on a day and a share can fall 5%- how does that work? There is a lot of doom and gloom at the moment and inflation and the war are major problems. Nothing would surprise me next week, good or bad. I wish everyone good fortune whatever you choose to do.
People keep having a go at Todd (and I am not a huge fan of the bad tempered rhetoric that goes on) but we are heading towards sub 300 which has been mentioned by him. Perhaps it’s easy to suggest below 300 when the sentiment towards airlines is just so bad. IAG and EZJ have 3-4% shorts out on them. They are getting hammered on a regular basis now. 3% here,4% there and so on. I like a balanced board but at the moment I just feel there is only one direction at the moment and it’s not north. A lot of people must be sitting on large paper losses at the moment. Admittedly paper but it still hurts.