The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I'm very happy to be wrong today about a friday selloff. Decent volumes today, so this is showing some confidence in the share.
As long as nothing unexpected happens over the weekend we could see a possible retest of 170 in the next couple of weeks.
I think we will see the predictable friday sell off. Unlikely to be any good news on a Friday. Could drop ~3pence. I didnt sell to take advantage of that and buy back lower, mainly because I'm not an expert and dont want to get spiked.
Goldman lifts IAG tp to 220 from 210 as well today. I almost missed that one in all the excitement.
Life in this old girl yet.
Just want to have a little gloat - fairly sure I said earlier in the week that we would hit 160 Much quicker than Christmas.
Will be very interesting to see what tomorrow holds. I'm ready either way.
Debt before dividends. The only way to improve the share long term back to the £2 -£3 range and everyone knows it. Returning divis would provide a very short term bounce for day traders but would delay the return of II's.
Same Sundance. Had a £10K tranche I was day trading with but got it stuck in when israel happened. Bought in at 146.50 and just offloaded that and made a clear £1k profit. Kept the remaining 30k in. If it drops again ill put that £11k and repeat.
I think the small drop today is depressingly predictable - the general movement is up , drifting towards the consensus. But with such low volumes , the day traders who rode the tiny rise through the week on softening war stances are now selling simply because its friday and they have made a few pence. No need to risk the weekend as it is fairly likely there will be some development at the weekend. If I'd had the balls, I would have done the same yesterday when it was 'up'.
I think the small drop today is depressingly predictable - the general movement is up , drifting towards the consensus. But with such low volumes , the day traders who rode the tiny rise through the week on softening war stances are now selling simply because its friday and they have made a few pence. No need to risk the weekend as it is fairly likely there will be some development at the weekend. If I'd had the balls, I would have done the same yesterday when it was 'up'.
Bobbins : if only that was actually a thing lol. I've heard, from a friend of a friend who heard it on the grapevine, that its surgically very difficult to lengthen. But far easier to increase the width. Like filling a cream puff.
It's great that its moving upwards slowly and predictably. What is worrying me however is that the volumes are minuscule. It's easy to walk the price up when volumes are so tiny. But very easy to wipe that out with a percentage oil price change or bad headline
I think it will get to 160 much quicker than christmas. It is only down - like all airlines- due to the possibility of ME war disrupting oil prices. No one has the ability to fight a protracted and lethal war in the middle east.
Yep massive straw man argument. But then again is it reverse psychology? Who knows with m*tley f*old.
It could just be an attempt to poke the precovid holders and add to their dread.
Meanwhile I can see the price attempting to break 153 today
Everyone has their own reasons for writing articles and what I often find when reading, is that the headline is usually speculative and the meat of the article is usually just rehashing what everyone already knows. The headline is the true reason for publishing - they know that the headline will be reposted all over the internet and get them more clicks.They cant moan about debt anymore because iag have spectacularly demonstrated their ability to deal with the debt. 2 billion in one quarter must be right up there with the best of them and would you give you one hell of a credit score if it was a person. They cant moan about debt- so they will use the next most logical argument that fuel costs might go up, but wilfully ignoring that hedging practices of the larger carriers can all but nullify those temporary price swings.
Pretty much everyone has bashed this share in the last 3 years and it just carries on regardless, some months it's high, some low. I will bide my time as always.