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Knew I should have shorted this after those disastrous results!!
At some point this will come good, Really believe this is the last "tree shake" and once this settles 130 by end of August
Not a deramper either, on the contrary a cheerleader for RR but at I'm looking forward to the day I can add as it rises with the confidence forward momentum is the order of the day.
Genuinely thought that was the case after last Thursday. Common sense says to pile in now but this is RR so I'll wait!!!
Surely fundamentals count for something?!!
Last weeks results confirm RR is a solid robust company with an improving outlook.
This is, yet another buying opportunity!! Problem is will there be a better one this week ? This has a habit of going into free fall.
Rolls has now got "legs" and its momentum will give it a 5% increase each week until end of August - 130+. That level has proved a strong resistance barrier in December 2020 and March 2021. It'll get through it by next results and 175 is a realistic by end of calendar year.
IAG, Tui, Marstons and Wetherspoons will join "the party" sooner rather than later. So much upside in the Travel & Leisure sector!!
FTSE 100 index will pop soon as well!!
At last happy days ahead
Svend I'm not sure there will be the volatility you refer to. I feel this will no longer attract traders and for the next quarter I see INVESTORS piling in resulting in a nice tick up to 130+ in a matter of weeks. If next quarter results are as positive as today's 175 by end of year!!
Well just because shorters dumped a load at 2.30 does not make this a bad share!! Results next week will dictate where this goes NOT the shorters.
Patience and nerve required in the meantime.
GLA
Would hope this will repeat the end of Feb/early March scenario and rapidly climb to 127 +!!
Disappointing we didn't finish above 102 so still nervous about the opening tomorrow.
Do you think the progress will continue uninterrupted?