RE: wbi25 Feb 2023 13:30
So there were 3 events to hit IAG..
A purchase, interest rates( their debt), and results day...
Strange how the price rose strongly the day before, is'nt it..?
I was thinking of buying too, as Quantas had good results, and there was a media article say they were so much alike..
But a few posters highlighted Quants price fell..
And nobody here seemed interested,,,
I got caught the same last year, strong rise, all media positive, long haul opening, all costs passed on to customers,..and so on.....
that includes fuel , does'nt it???
Price hit a high, then it was fuel costs are going to hit profits hard, even with the US opening..
Lloyds gets pumped the same, articles like "why everyone is buying Lloyds"
Results day, can go either way..
Results are good, then no more upside, sell
Results are bad, buy, plenty to improve on, M&S was a buy on bad results back in the days of analogue TV
Its whatever spin suits...