RE: Reasons why IAG will keep falling13 May 2020 13:01
Good post Aglu, I sold out first thing this morning and bought back on the dip, only a couple of hundred extra shares but builds up my longterm holding. All countries will want to get their own economies going and before long borders will be opened up again and more flying commencing. Agreed, if IAG is doomed a lot worse will be happening out there in the economy and world wide. As long as there is no second peak like there was with the Spanish flu, longterm investors here will be fine. I think we are not far from bottom, assuming no more surprises with covid-19. The extension of furlough until end of Oct, gives organisations time, so it will certainly help IAG, hence SP hasnt gone much lower. A good longterm hold. Good luck to those holding out for 80p, personally I dont see much lower and probably not breaking £1.50.