Member Info for Just_My_Opinions

Just watching the bbc a couple of minutes ago, the interviewer was speaking to the German deputy finance Minister. She asked the following... "I wonder if it would be possible if we could have EU nationals coming to the UK to work, the free movement of labour if they have work visa's if they have a job to go to?" He said well within the internal market there are many, many options in between... so I'm quite sure we can find something that is a strong economic agreement. And something that is about movement, and the question of working in Britain or the movement of British people for working in continental Europe. But if it is really is to be in the internal market as it is now, then you really have to accept the freedom of movement." So there it is ladies and gents, some form of negotiation is going to happen to keep the UK in the single market. Up the FTSE is going when this eventually gains more legs. The poor deputy German finance minister, his face went red when he was answering. He seemed to realize he was saying the right thing, but that those above him might not like the softly, softly approach he was giving. What with Merkel and Hollande trying to play hard ball with their comments haha He's let the cat out of the bag haha

Just watching the bbc a couple of minutes ago, the interviewer was speaking to the German deputy finance Minister. She asked the following... "I wonder if it would be possible if we could have EU nationals coming to the UK to work, the free movement of labour if they have work visa's if they have a job to go to?" He said well within the internal market there are many, many options in between... so I'm quite sure we can find something that is a strong economic agreement. And something that is about movement, and the question of working in Britain or the movement of British people for working in continental Europe. But if it is really is to be in the internal market as it is now, then you really have to accept the freedom of movement." So there it is ladies and gents, some form of negotiation is going to happen to keep the UK in the single market. Up the FTSE is going when this eventually gains more legs. The poor deputy German finance minister, his face went red when he was answering. He seemed to realize he was saying the right thing, but that those above him might not like the softly, softly approach he was giving. What with Merkel and Hollande trying to play hard ball with their comments haha He's let the cat out of the bag haha

This might drop the airliners today again. http://news.sky.com/story/ryanair-blames-collapse-in-pound-since-eu-vote-for-profit-warning-10621917

No target yet, I'll watch the technicals to plan my exit. If the downtrend continues, I will enter a second tranche in the low 280's.

Riddock, Nice find mate. This is also encouraging from a UK Brexit perspective. Our PM has recently said work visa's and no access to the single market looks likely. So deals like this looks positive for UK/China trade.

Above the 200sma and above yesterdays resistance. Strong buying into the close is a good sign normally.

In fact scrap that, a close above 375p would be ideal, but not essential, 375.2p was yesterday's resistance. But as long as we stay above the daily 200sma on the 2 minute chart this will be a healthy stock. StochRSI RSI Wave Trend Oscillator Are all oversold on the daily chart. So the stock was due a bounce at least in the short term.

We need a close above 375p to give this legs.

Massive upward movement, shorts must be closing. Not at my PC just now, but FTSE stocks up at the moment are the ones with higher exposure to the pound, and the ones going down are the companies with more international exposure. Where as it was the opposite for the last week or so. Some news must have hit the market, possibly to do with Brexit. This seems to quick/sudden to be a dead cat bounce. Not at my PC on my phone out and about. Will look into it when I get back.

"Surely it can't stay above 7000 for long." I wonder if they said that in the 80's and 90's... surely it can't stay this high, or go higher. In my opinion given time, markets rise. There are corrections, crashes etc... but over time they rise. Might be now, might not be. There could be a correction, there might not be one for ages. That's a decision for you and only you to make mate. But when the markets high, risk management is essential. When entering, split your total pot into 4 - 5 chunks, and each chunk allocated to particular stocks of choice... then go in with minimum 3 tranches on each chunk on separate stocks to get a good average on each stock should a correction occur. If there's a rise immediately you can either take a small profit on the initial tranche, or add to a winning position. If there's a big drop you can either take a small percentage hit on the small tranche, or average down so you can make a quicker profit when the price recovers. There's a time to go all in, and a time to be strategic. In my opinion as markets are high this is more of a time to be strategic.

Excuse the typos... On my phone lol

No stamp duty. I have a small tranche in IAG in at 427 believe it or not. It was a poor trade, I blame the builders in my house, need to watch them constantly so not been tuned into the market. I'm in over 95% cash at the moment, not buying anything as don't have the time to watch the markets closely. IAG is a tough call... It's trying for support at 357 ish, but there's not strong buying. I think a shorter has a small interest and is day trading it with short from the selling lots I've seen. Technicals have the stock oversold on the daily chart. I don't think so is a bad price to get in the with an initial tranche if you're not already in. But there is still a chance it will trend lower, so if you're entering at this level go in with a small tranche, then add if it breaks through technical resistance levels. The Q3 update on the 28th will determine whether this breaks into an uptrend or not. It's hard to see what would do it beforehand... It seems the perception is the low pound will hit IAG like Easy Jet, albiet not as badly. Theresa May's comments on the UK leaving the single market cause any company with big exposure to the UK oound to tank basically.

Sorry to clarify this, what I mean is... IAG is not dropping as much as Easy Jet. (at the moment anyway) Q3 results will determine where it ultimately ends up in the short term.

I don't think the SP is tracking EasyJet's SP now, yesterdays price movements were very different, EasyJet has recently released a profit warning too, IAG hasn't. Also EasyJet is well below the post referendum drop, IAG isn't at it's low yet, there's definitely a separation in prices. Although obviously if the 28/10 Q3 update is bad this could change things.

Any company making it's money mainly in the UK is nearing the post Brexit lows. Any company making it's money mainly outside of the UK is climbing higher. How long this will last is the question. The market needs to get used to the idea that the UK will leave the single market.

SP now struggling with the 2 minute 200sma on the daily chart. However the USA futures are higher, with the VIX quite a bit lower, so still a chance we could see a close above the 2 minute 200sma for today. http://uk.investing.com/indices/indices-futures

"If" the SP doesn't close above the 200sma 2 minute daily price... I suspect we will test the low 340's. ===============================================

Based on the 1 day chart ==================== StochRSI = Oversold RSI = Oversold Wave Trend Oscilator = Oversold MACD = Could have more to go (down) SP bounced slightly above me 355p perceived support. I would not be unhappy with a further tranche at the moment, but sitting this out, mainly in cash as don't have the time for active trading, so keeping my exposure low. I would wait for the SP closing above the 200sma 2 minute daily chart, the SP is currently above this at the moment, but whether or not it closes above it would confirm support for me.

It appears the market thinks IAG is worth more than EZJ at the moment. The drops are being bought up quickly with IAG... where as EZJ is dropping more. I'm pretty sure there's a small short interest in IAG, looking at the buys and sells and the sells when there's big drop I'm seeing constant lots of 500 shares being sold. And other even numbers repeating over and over again. The good thing about shorts though, is that when they think the floor is found they will rush to close and the SP can shoot up. We need a 2 things though... (1) Decent 28/10 Q3 report. (2) And Clinton to get in on the 08/11 This will help lift the SP again. The above is not a preference for Clinton though, I think both of the candidates are bad to be honest. Just the scenario needed for IAG's SP.

"Sky News has learnt that Monarch, which has been the subject of intense speculation about its financial health, is putting the finishing touches to a revised fleet purchasing deal with the giant aircraft manufacturer which should safeguard its medium-term future." City sources said this weekend that Monarch's deal with Boeing http://news.sky.com/story/boeing-flies-to-monarchs-rescue-with-restructured-fleet-deal-10609656