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Castle. I generally respect your viewpoint. The folks on here who keep on saying you got it wrong again based on daily changes when the direction of travel for this share has been consistently down for months. However, although still possible, even you have to concede this is really unlikely to drop to 35p or 50p now? Its turned a corner surely, everything is now pointing to at least one vaccine - most likely multiple - being available, if not before, then shortly after Xmas. Even the lock down didn't take this down. Not out of the woods, but something pretty major and unexpected that none of us know about would need to happen now. Time to get onboard?
I get what you're saying, and there's lots of reasons to think the share price will go up. But equally as much risk, uncertainty and downward pressure. Just my opinion, but I think we're at fair market value. No US stimulus agreed, C19 rates increasing globally (particularly in US+UK) where BA operates. Don't get me wrong, I own IAG but this is pure speculation at the moment and pretty risky. There's an awful lot of confirmation bias on this board, not saying this is you, but I'm always hearing that it's market manipulation when a stock doesn't go the way someone thinks it will. Markets aren't always efficient particularly small/micro cap but I don't buy it here. I'd be glad to be wrong though, I thought after last weekend Astra Zenica efficacy news, this and some of my other stocks would be flying this week - pesky market makers.
Thanks, I've not heard that expression before. I don't buy it though. Looks like a mechanism for buyers/sellers to avoid tipping off the market by disguising their order to get a good price. Doesn't explain how or why the price of a liquid stock can or would be deliberately held down. There's nothing in it for sellers knowingly and collectively filing orders at a lower level than would be market rate.
"you’re forgetting to deduct monthly National insurance & pension contribution which is also deducted from nett salaries"
You've just contradicted yourself in less than 5mins.
Lunatic.
Anyway I'm getting bored correcting you. Stop being so angry, give the BB a rest for a while, go and talk to some real people.
Not if you're an accountant it shouldn't be. 2k a month is 24k net income a year. 80% of that is £19k. You're figures are all over the place. Time to get a new abacus me thinks. 2k -£550 a month would be your disposable income, not net income. Surely as an accountant you know the difference?
George, you make it too easy. If you're investing 80% of your net @ £12k a year then you're on £15k net which is about £17k gross. I earnt more than that at 16 working on the supermarket tills. Maybe you're talking about disposable income? But I doubt an accountant like you would confuse the two.