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Falls today seem to be marketwide and not NEX specific. The rises yesterday were relatively NEX specific though so will be interesting to see how it plays out.

Are you buying the dip though?

Seems just you thinking about it Jtan is enough to send this into retreat

I was here 2 years ago when this dropped to just over £1 during covid, sold out around £2.20 (almost instantly regretted it) and have just returned following the most recent trading update.

During Covid it was a very uncertain time for travel and National Express was really hard hit, however pre-covid it was trading at close to £4. I realise that there's a potentially even bigger issue up ahead, with the recession, global energy prices etc. however the key differences here are that National Express are embracing these as opportunities.

As people cut back, eventually the number of cars in a household will decrease and school transport, public buses and coaches will all be in greater demand for those occasions when people do need to travel.

The other thing that lured me in was the company secretary investing a good chunk of personal income at close to £1.90.

I may be overly optimistic, but with those opportunities you could actually see National Express coming out of it in a better position than it entered the pandemic when it was £4 per share.

Plus there's also a bit of money floating about in M&A which could always come this way, especially after the Go Ahead deal didn't proceed. With its position in the market, Nex could prove a nice little target for these advances.

The recent short taken at £1.74 before the trading update is now back in positive. If I was them I'd be cashing out whilst I can given the pretty positive outlook here as there are plenty of other easy targets they can punish with less risk.

The volume of published trades is really low Could it be a big buyer loading up?

Those late reported trades are impressive, over £10m worth of buys. Clearly some.people think this is undervalued

Tried to top up on the drop, but it wouldn't fulfil the order. Clearly big boys getting in at an agreed price.

So is it still going to this? I wanted to top up, but I'm regretting waiting now

I was a bit late but added McColls and SIG today too. They both seem to have a good upside and Rishi plans to be kind to shops.

If you don't mind diversifying then Ted Baker could be a good play. Retail is expected to receive some kind of gesture in the budget and TED just announced a good cash position.

Good sign that a rise is incoming

I'm very positive on this share, but it still hurts to see it dropping back again. Just as it seemed we were making good gains. It could be a trick to let in a big buyer, or let out a shorter though.

I was scared into selling. I've come back since, but they got what they wanted and I ended up buying back a lot higher. I'm still kicking myself that I was mugged by their lies.

Please could you explain the RNS? I'm pleased it's good news, but want to understand how good

Thanks both, it's looking like a good call

Thankfully I'm sat in a nice profit after yesterday's rally, how much are we thinking this will fall back before the next leg up?

Was the rally based on the lockdown news or the Fool article?

This is still well off the price it hit when the vaccine was announced, so I realise it's going to keep rising eventually, but I'm just trying to get a feel for when that might be

The futures market is pointing slightly down, so shorters may try to continue with the gains they made yesterday. At some point institutional investors will surely wake up to the potential here though and then there will be no stopping it, could be anyday with oil rising.

It's surprising to see this in the red, with the positive news and oil prices flying. Makes you realise just how much power the shorters have.

There seem to have been a lot of ups and downs here, some quite extreme, but since the recent rise this has held up really well in comparison to other shares. Maybe you can teach an old dog new tricks?

That £250k trade is showing as a sell on here? Are you sure it was a buy?