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This wont fall much more. FTSE is on a downward trajectory, but IAG has remained relatively level. We are only 6p away from recent highs so nothing to write home about. The general trend from October 2022 is upwards, almost in a straight line. If you follow that line its 200 by 2024. But annoying that I missed an opportunity to sell at 169 and get back in lower, but there you go.
+1 for 'what is Wednesday?'
Maybe botbot has a date on Wednesday. Good luck if so. I'm really hoping the price fluctuates between an easily discernable and predictable range of 5p this week. Preferably hitting 170 for the top each time. It did so last week and in the absence of any other thrills in my life doing +2p day trades will fill that hole.
Whoops , I massively overstated my day trade profit. 0.50p movement got me about £35. Oh well still better than just sitting on it. Am straight back in, albeit £35 better off and a few more shares in the pot. Just going for 0.5 to 1 pence price moves every few days and try to grow the pot a little bit since we are near a resistance point.
To be honest I feel like we may well be here for a few months. Happy to be wrong. Just cant see any upward drivers. China and US slowing a little dampening the upward momentum of this recovering share.
Took the opportunity today to do a minute day trade to test the water. Made about £70 on a 0.50p movement , seems pointless but going to continue in this vain while we are bobbing around at this level. Much easier to do this when the company has just given fantastic results as it is less likely to go wrong with a big drop. If I get spiked so be it, but unlikely. Good luck all.
Most of these articles say very little by way of technical analysis. What annoys me is that they write one or two per week with the IAG company name and they always show up at the top of the search when you search for IAG share price. They start out with some surface level analysis so you think it's a genuine article but they always just tail off into 'but I'm not going to invest because I have ten hot tips in my subscription news letter that are much better than this risky IAG'. They essentially just use google to get page views then try to flog their investment subscriptions but in the process they constantly dampen a share that they have no investments in, but with a potentially massive audience of potential investors.
Two articles from this website in the last couple of weeks trying to convince people that their pre-existing investments in IAG are a mistake. I find it a bit annoying. They can try to dissuade people from making new investments if they really want but trying to get loyal long term investors to question their existing holdings is a bit much IMO.
The first article was basically saying that brits tend to invest in IAG mainly due to some kind of nostalgic patriotism and not because they think it's a sound investment. Which is pretty insulting tbh. I know that the second any of us hit our price targets we will drop this stock like a hot potato ( mashed with sausages, peas and gravy, because of course brit psyche is that predictable)
The second article being a clickbait title that claims that only savvy investors spotted a hidden warning sign- but then goes in to explain that his hidden warning sign is that the price is lower than it should be compared the great performance essentially saying that the market has some other info that he doesnt have and therefore he should base his investment strategy on that assumption. Wilfully pretending not to understand how debt and the aftermath of a world closing pandemic would damage confidence in travel companies.
I know this share has challenges, but I need more than hunches to convince me to drop now and lose out on a steady return to profit.
That 390k says confidence.
I'm holding for another 6 months as I've just signed a rent contract. After 6 months price should be around £2 and then hopefully I'll be out with about 6-8k profit which I otherwise would never had got with a simple ISA or the governments help to buy scheme.
I think many institutions were waiting to see if post covid boom would die out. Unfortunately this company needs to do either very well or bloody amazing. Any other result is a risk due to the debt.
The fact that forward bookings are still quite so strong and IAG are managing the debt better than expected is a real driver here. I dont think we will see the usual fall this time, in fact I think the predictions of 2 quarters of assured stability is enough to get traders and investors back in again.
There should be no discussion of dividends in my opinion until the debt is far lower.
Change the record Geng. Gaps normally fill, but not always. If you stick to absolutes you might get left behind. Airline stocks often break standardised trading patterns due to tight margins and extenuating world events. Iag moreso than the others due to its unique balance sheet and exposures.
Just want to give a special shout out to the Marshall Wacesters out there, who seem to make the same mistake over and over again with trying to predict this share. I'm long as always until this hits £2. Happy to wait a while and try to buy some dips.
As per title, I was a little relieved to see the downwards movement this week and there is a very good reason that this is good news.
Some articles recently have mentioned the dreaded wedge - which would be a disaster.
Right now this downwards movement is perfectly within the upwards channel. If we had continued to see the lows getting higher but not the highs then it would have indicated that a new downtrend is imminent - which none of us want.
If anything it indicates that the traders and bots are still sticking to their chart based trading strategies. If we see a gentle raise again on monday the upward channel will continue nicely and predictably. Just my completely uneducated opinion. As always NKOTB.
Charts appear to be self fulfilling - the reason being that the largest investors use charts and they normally stick to the rules and methods they have been taught, as it generally helps them avoid losses. It's almost like an unspoken cartel, everyone in the know follows the same patterns and move the markets. The last of test of 169 held for about three weeks. Once it hits 169 it will probably hover around 170 for a couple of weeks, if it starts to retrace after that over a week then time to jump out. If it stays up or goes higher than 174 then it could be heading wvennhigher iver the following months IMO.
Thanks ford, yes the intention was always long, but was hoping to be done in a year. So 2 years is starting to feel like eternity. Very bittersweet looking back to see how many opportunities there were to trade this. Anyone who knew what they were doing could have made 5 times their money over the last two years.
Up £2.5k on this one now, but looking towards 200p to get out which will be much nicer profit and worth the wait.
Will be interesting to see what the AGM holds. Wondering if we could be heading for a second test of 169 this week.
Not all broker reqs are created equal. Wouldn't be accurate to say they dont mean anything. They reinforce sentiment and when sentiment is wavering they can indeed make the difference and turn the tides because ultimately they are based on facts and established calculations for a companies worth and potential.
What I am really unsure about is the recent 350 TP from liberum. It appears to be based on a spurious hunch rather than aforementioned methods. In a way it is worth less than if they just stuck to their guns on their original and more realistic TP. It feels desperate, lacking credibility and makes me a little uneasy.
Not really here for divi and would be a little worried if they were trying something like that this year. However am definitely here for the price action. With results out the way could we now see a slew of brokers revising estimates upwards? Only takes one or two big names to change their tune and we could see a really nice uplift. AAL has retained its gains.through today.
At least the GAP fill doom sayers get their Gap fill so we can stop talking about blimmin gaps :)
This does seem to be following a predictable up down pattern now within an upwards channel. Guessing bots and day traders are having some fun with this while the volumes are low. Tempted to join them - almost sold at 152 today predicting a fall. But just didnt get time away from my day job to concentrate on it.