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Clearly, Day trading is trying to forewarn you of a possible drop in the IAG price when American Airlines announce their 1Q earnings today. No-one in here seems to have a clue what he was referring too, which is frightening. The level of degenerate trading on this board is hilarious.

2024 Full Year Production Report is out tomorrow. 🚀🚀🚀

American Airlines Reports Fourth-Quarter and Full-Year 2024 Financial Results.

https://americanairlines.gcs-web.com/news-releases/news-release-details/american-airlines-reports-fourth-quarter-and-full-year-2024

I bought the dip.

Based purely on technical analysis, IAG is now getting very overbought. Be fearful when others are greedy, boys & girls. The RSI is around 83 on the daily chart, alarm bells should be ringing! A pullback is coming.

@Stupmy

You're welcome. Glad to help.

@Stupmy

I don’t know why the SP shot up; markets do what they do. Probably, retail investors see the RNS, don’t understand it, and buy because they think JPMorgan have loaded up, when in reality they haven’t bought or sold any. Never under estimate the stupidity of stock market traders to push up a share price for absolutely no reason. :)

@Stupmy

" If I'm understanding it one party thinks it'll fall in price the other that it will rise in price and neither party are buying shares?"

Correct. Neither party are buying or selling shares.

In a cash-settled equity swap, neither party is actually buying or selling shares. Instead, it's a private agreement between two parties to exchange the returns of a specific asset. One party takes a long position (receiving the returns), and the other takes a short position (paying the returns). At the end of the agreement, the difference in returns is settled in cash. This allows both parties to gain exposure to the asset's performance without having to directly own the asset.

@Stupmy

You've got the right idea! In a cash-settled equity swap, one party is indeed taking a long position, meaning they receive the returns of the specific asset (such as dividends and any price appreciation). The other party takes a short position, meaning they pay the returns of the asset and, in return, receive a set rate, which could be fixed or floating.

So, it's an agreement between two parties:

Party A (Long): Receives the returns (like dividends and price changes) from the specified asset.

Party B (Short): Pays the returns of the asset and, in turn, receives a fixed or variable rate.

At the end of the swap, any difference in returns is settled in cash, rather than through the physical delivery of the asset itself. This allows both parties to gain exposure to the asset's performance without having to buy or sell it directly.

George, The RNS' were released after the bell, yesterday.

Click on the RNS link below to see them.

https://www.lse.co.uk/rns/IAG/

On Wednesday.

I noticed another 1M short get added today, too.

https://www.shortdata.co.uk/company.php?isin=ES0177542018

I love your optimism Sun. Remember, it’s not real profit until you sell it. It’s not going to keep going up, and up, every day, forever. Please don’t make the mistake of becoming emotionally attached to IAG. Stocks don’t care about you; you shouldn’t care about stocks. You should care about profits, and profits alone.

I’m not sure about that, Mararab. Those with direct market access, who can trade outside of normal market hours, will be taking profits on multiple FTSE100 stocks, not just this one, after hours. Keep your eye on the FTSE100 after the closing bell. Will it continue going blue or will it turn red. My money’s on red, let’s wait and see. I made the disciplined move, and made a nice profit. I’ll wait for the next opportunity to buy again. Best of luck to the rest of you.

I’m out at 166. FTSE is up 2% which has helped lift this, today. I doubt we’ll see the FTSE up again tomorrow. Great market conditions to exit trades, today. Sell the rips, and buy the dips. I’ll buy back in when this drops back down again.

GLG Partners LP added to their short position, and Marshall Wace LLP reduced on Friday.

https://www.shortdata.co.uk/company.php?isin=ES0177542018

Did anyone notice that 5M short go through at 15:50?

Probably end up with a rug pull on Monday.

Is this news public yet?

I’m hearing interesting news from some of my sources, this evening, news I think will be welcomed by many PI’s

"British Airways, Iberia, Vueling, Aer Lingus and AirEuropa suspend the merger procedure."

@Carcosa61 Thanks for the clarification, much appreciated.

I was under the impression that after a share consolidation, a current shareholder holds fewer shares, but each share is proportionately worth more. As a result, share consolidations do not change the aggregate value of what shareholders own or the overall market capitalization of the corporation.

My bad. Appreciate you taking time to explain.

Personally, I’ve voted against the 20:1 consolidation. I’m telling you know, having the SP at £14 a share, almost three times higher than BP, will see large hedge funds short the hell out of this. That £14-15 quid share will be down 50%+ before you know it. I don’t want my equity getting decimated like that, so I’ve voted no. If the 20:1 consolidation gets share holder approval, I’ll be dumbing my entire position on the opening bell.

Current support level is around 45p. As you can see from my chart, link at the bottom, the technical analysis on the one-week chart shows a continued decline from 23 May, 2022. Lower highs and lower lows.

When it bounced off the 45p support level on 30th October, 2023 we got rejected at the 0.786 Fibonacci level at around 54p. Until 54p is broken and the share price holds above it, I remain bearish.

If it breaks the 45p support level, you're looking at a possible fall to around 36p.

In the interest of full disclosure, I don't hold a current position in Petrofac. I day traded it, last week, bought on the bounce and took profit at 53p.

Link to my chart:

https://ibb.co/mhLYxmW

European shares are set to break their losing streak as futures point to gains at the open.

Travel & Leisure up 1.09% this morning.