Member Info for kitty72cg

Friday is likely to be a disaster in the markets on account of the expiry of these contracts cw, but also there will be a continuation of last weeks decline. Get the" tin hats" ready and short if you can. I've shorted the S&P and do not expect to be disappointed.

Cheers cw and will be keeping to my strategy, but welcome constructive and informed contributions of which there are many on this board. There are the occasional crazy predictions but hopefully people are not influenced by predictions of a 40% increase in RR in the next few weeks!!
I accept that RR is not the only share but again I have to say I see nothing out there as a screaming buy. Wetherspoons, Marston's and the Restaurant Group, on paper look better value than RR, IAG, Lloyds, Tui etc but are STILL droppng. Don't understand it as the pubs and restaurants are busy to say the least.
For the time being I'm sitting on the sidelines until this pullback/correction plays out.

Thanks mrJim and now I've made the decision to downsize my position I don't mind it going down as I'll benefit when I get back in.
I've always said this is a great company and much more than a travel related share. It's incredibly undervalued but I fear the big boys will drive it down more when the US stock market crumbles in coming weeks.

Sorry falkland typo error with the 1% stated, should read 10%

Cheers botbot. Never wanted to sell as you know and after the August results predicted 130 by end of that month and 175 by year end. Macro changes have convinced me this will go down before it gets better and that's why I shared my concerns with you guys.
Only one person has taken offence and started name calling but he/she considers a 40% rise is not open to criticism but my 10% decline is :) ;) :) !!!

Don't have a cat falkland but hope you're correct with your prediction because it's going to go lower from here and my average price will be lower.

You're conveniently missing my point and not addressing it, but understandable as you are clearly embarrassed as demonstrated by the tone of your reply. You called me a "Doomster" for predicting a circa 1% drop. I simply asked do you agree you're a "Ramper" for predicting a 40% rise in next 3 months.

Just because I express an opinion that RR will drop by circa 10% does not make me a Doomster falkland. This board, at least in part, is to help all of us investors in RR to make money and to limit loses. I've explained why I believe this will fall further, before it rises again. Up to the individual if they agree or not.
Falkland, only 3 days ago on Wednesday, you expressed your opinion this will be at 130 - 150 in the next 3 months or so. That's circa a 40% increase!! How do you justify such an increase? If you define a "Doomster" as someone predicting a 10% decline, how would you define a person who is predicting a 40% increase in the next 3 months?

Agree mrJim and that's why this is going down. The big boys will drag the market down and RR will be collateral damage. RR hit its resistance level at 120ish and has dropped circa 10% since. I do not see any positive catalyst, on the contrary the macro outlook is negative.
Falkland predicts a circa 40% increase in next 3 months and I am keen to see his reasons why. Maybe I am missing something?

Patience indeed is required cw, second only to having cash available to take advantage of the drop.
forfaiter I hope you are correct that the bottom will come and go before we realise it but I fear it's going to be and painful. Either way I know I will not time my re -entry to perfection, but I know I'll be buying back in less than Fridays close.
Falkland predicts 130 - 150 by end of December and curious to know what he thinks will give RR a circa 40% increase in next 3 months. If I'm missing something in my research I hope he shares it with us all. As Joan Armatrading sang "I am open to persuasion".

On Wednesday Falkland you predicted 130 - 150 finish by end December. Cannot see anything out in the macro economy to justify that optimism and RR not announcing their next set of results until November.
Curious to know why you are ramping this up by 30% to 40% from these levels.

Bargains coming in every sector cw :)!!Still look at Lloyds Bank as bargain but it keeps dropping so another one to monitor and be patient. Important to be in cash to take advantage of this opportunity which is why I bailed out of RR at 111. Wish I'd done so at 119 but hindsight.....!! Not going to make the same mistake so sitting on sidelines here but started shorting the S&P on Thursday and that's done well. This will continue to drop in the coming weeks, so I'll be making money on the way down and will certainly pile back into RR when I believe it's bottomed. Have a feeling it'll be in the 90's though.

102.7 may not be the support level for the bounce Red. If the US stock market correction has just started, and I think it has, sub 100 is on the cards this month. This will be no reflection on RR's performance as a stand alone company simply that it'll be collateral damage. Great buying opportunity coming soon but feel for those you are still holding.

My concern is that the US stock market is now showing signs of weakening. S&P is down over 1% this week. That in itself is not too serious but it's from a record high. In my view it'll continue this month and no matter what RR has going for it will mean nothing as all shares and indices will be dragged down with it. I got out from most of my position when it breached 111 earlier in the week and fear for all holders it'll drop a lot more. I'll get back in as soon as it settles as RR is an excellent company and should NOT be considered a travel and leisure one. It's much more than that.

There is no need to buy back in/add at these levels. So much uncertainty at the macro level with tax rises and correction in US markets sooner rather than later. I think this will go even lower so be patient.

Why you claiming I'm running away from my statement? I said what I said and that is the case and I do NOT need to justify my statements to you and certainly not prove to you and bet with you so you can donate to charity!! Goodness me falkland get a life

With respect falkland i do not have to prove Jack s*** to you and don't give 2 s**** if you believe me or not. I view this forum as where opinions can be expressed and possibly help one another. If you knew my position on RR you would not refer to me as a "Doomster". On the contrary I've been bullish on RR since I bought in last November for the first time and accumulated more as I went along. The mistake I made was adding when it was on the rise last December and March. I said after the August results 130 was likely by end of August and 175 by Xmas, hardly a "Doomster". All i've expressed is an opinion it will fall further with my reasons. Why does this offend you so much? If views you do not agree with cause you this much concern you should either not participate or contribute and have a friendly debate. No need for anger and cynicism.

No need to be cynical falkland. If you're happy to take the risk of seeing this drop further, good luck to you. I'm not and WILL buy back when it's cheaper. That makes much more sense than just watching it fall. As I said I wish i did this when it fell to 119.

Its lost 8% in 2 weeks of which 1% was today. Whether we like it or not RR is considered a travel related company by the market so it's hamstrung. As I said the weekend I would get shot of 50% when it dipped below 111. I sold 90% and will buy back at some point and think it'll be nearer 100 or even 95. Not going through the stress of the spring and summer seeing my asset value collapse.
Good luck to all that hold on but have to say why do you? It's easy to get in and out so protect your wealth!!

Happy it hasn't dipped below 111 but it does not seem to have any strong impetus to get back up to 120 anytime soon. Needs positive news on asset sales i think

Would be surprised if loss would have a drastic effect on share price and would be equally surprised if the did not have a provision in the August announcement.