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Yep I think the same.. one good thing is that it is so tightly range bound. There is a possibility that MMs realise that it’s undervalued (at some point) when weaker hands are out and then they pump the heck out of this share.. And those weaker hands would not believe their eyes and will kick in their balls for months to come.. (Missed opportunity). Hence best strategy is to diversify so you get the best of both worlds..
This thing has only put on 10% in past 2 months compared to 30 - 100% gains with other shares.. It is a shame that this one is lagging. Seem to have stuck under 30.. The moment it zooms past this, it would have a small run of its own but not sure if i have patience any longer.
One would thing that their operating conditions are better than others in current environment but no fricking update is whats killin this share. Only comfort right now i have is that JPM is buying so something may be up.
They are indeed part of AA subsidy. Even the branding on their website is uniform to that of AA.
Link to the careers page also combines both entities.
Recent decline in sp is exactly in line with the previous Pattern of sp, since collapse to .15.
It went
up from .15 - .25 then
Dropped .25 - .19 then
Up .19 - .30 then
Drops .30 - .17 (more intense due to Parvus bailing their holdings) then
Up again .17 - .31 then
Drops .31 - current .23 (today’s low)
This is Perfectly setting us up to next resistance at.35 - .40 tops before correcting.
These bumps are expected in overall markets. Trump or other governments are not let the market sink after pumping trillions in the market in just past 2 months (never in the history government has printed so much money in this short space of time)
So do the math and avoid making hasty trade with emotions IMO only. Not an advise.
Too early to declare the victory..
Is this a double edged sword for PMO??
If the price rises too high then they have to issue more shares to cover the increased loss on short position as they are buying it back at a higher price.
If they don't pump the price then the number of shares they need to issue would also be higher as the price is not high enough. IMO: They may have done with the price inflection with PMO for now.
But happy to be proven wrong.
No one has timed market perfect ever. Unless of corse you were lucky to pick the share at the bottom or unfortunate to pick it up at the top.
Right now there is an opportunity cost to stay invested in AA so those who have jumped the ship thinking other shares offer better value after huge run of today, would have already lost out on a monstrous of a gain that they have offered today. They may get fortunate and those shares continue to surge but PMO has sunk from £1.20 earlier this year to .15 so volatility is higher than that of AA.
AA will jump but not as others want it to, if you jump to another share that has performed well today then your a trader and not an investor. There is a big difference between the two for those who knows this game.
AA will pump but only with time.
.28 is a strong resistance and this would need to be broken for upward movement. After such huge rally of 50+%, correction is healthy for any stock.
If it dropped hugely in one drop then that’s worrisome but this is just trying to look for direction upward. One good news could trigger that upward movement and may take us to .35 as next resistance.
Wouldn’t be surprised to see this drop to around .25 before reversing.
Great points but one that sticks out like a sore thumb is the “recapitalisation of AA’s debt”.
Do you not think this may dilute the shareholders and company may have to call on shareholders for raising capital, this diluting existing holders?
Agree, this would not go to 90 anytime soon but target is 40 - 50. That still is an awesome return. There are huge bargains out there right now so would gives a good opportunity to balance the portfolio at those levels.
It may be held back by someone (institution) selling today.
This share is looking for direction but can’t complain with intra day performance so far
That's understandable, there are doubts that this could get that far but it may be a speculative play. Its craving for some good news from the company then it would solidify the 40p position.
But don't forget it has real steam to it currently. It opened above 29 today so the short term trend is bullish and it only takes a week or more to get to 40 if it follows the steam through.
Explains why sp dropped hard on Friday, Parague May have exited completely.. gr8 guns if that’s the case. Another run like last week and we should be sitting above .35. Almost all the stocks that didn’t have their business impacted hugely due to covid are now trading at almost same level give or take 5-10% as pre covid. If this follows that path then we should be at 50 sometime soon. Though there is will be big resistance at 35 and 40
Going in depressed mode as it does every day at this sort of time of the day.. Finish under .27 today.
This share wouldn’t have held up like today, few weeks back. This in my opinion is a sign of continued strength in the sp.
As the saying goes, nothing goes up in a straight line. So do expect some bumps in the road for AA. It has recovered, well this morning from a steep drop. Let’s hope it holds and increase
Not sure if we will see same trejactory that we have seen with other such as Halfords.
Not sure it would be 30p by lunch time.. I would bet against that looking at daily pattern.. it would go up slightly back above 28 and then consolidate to finish under 27 and then, if we lucky it touches 30 in next 2 sessions.
Not sure it would get to 50 anytime soon but happy to be proven wrong.