Member Info for luddite

Yes you are right exetrchief, thats why I said ' intent to order' but sentiment is all about the market taking notice of these little snippets and this one was enough to blip the share price up even though its three years away and the financing . These days I trade a very limited number of FTSE100 shares as I find just trying to keep up with the news on just a handful can be challenging. Todays trade is playing out well but seems to have stalled around 440, I was hopeing for another 5p, will see what 2.30 pm brings.

What large drop ? Mondays drop was caused by Lufthansa profits warning affecting the sector. Tuesdays rise was prompted by intent to order new jets from Boeing and old Trumpy doing a few tweets on trade to his best buddy Zin Ping Wee pumping up the US. Todays drop its normal after yesterdays blip up to be followed by a drop, I am not sure the real reason for todays 5% drop but it sets a new trading range from 4.30 to around 4.45, no doubt the answer is there somewhere in todays news but right now there is no positive news happening at all for the airline sector which in the past has been about best time to put money in . As a long term holder the price at this level feels reasonably safe other than obviously based on todays market conditions and with no other factors it will go below £4 ex div in a few weeks. As a trader the lower it goes the better as I can do a lot more with less downside risk, I do both so come ex div if it drops by much more than the div I will consider buying more. I also expect some rise to happen as we approach ex div day so for me thats a trade worth taking a punt on then selling without taking the dividend. Right now my main concern about the short term downside risk is something kicking of in the gulf .

IAG is not just dual listed its also tradeable as an ADR, the costs involved for IAG are negligible and overall its probably more a benefit to liquidity of its shares than a cost . In addition its tradeable through CFDs and is one of just a very small number of shares which trade as a european style option. I expect nothing much to change in the event of a no deal brexit in terms of being able to continue to punt on IAG.

eggonroll, much better than expected results which resulted in a 4% bounce this morning, we don't really need much improvement to see IAG fly but at present levels I am happy to trade this, sentinment changes and I think this is bottoming out.

Training is available free of charge from the main CFD providers and plenty more free of charge on the internet. Never sign up for a chargeable training course on CFDs or options trading, without exception people charging for courses are failed traders and many of them are fraudsters, these people will just leech you for as much money as you will part with.

scoupsave , are you now having tp pay for bloomberg, mine went off a few weeks ago then was invited tp pay a subscription to receive in HD, can it still be had for free ?

UK share holders are excluded from the 50% rule so no worries about having to sell, its all in the rns just click on the RNS box above. I doubt there will be much disruption caused even if we have a hard brexit, scaremongering will of course be ramping up this next few weeks and even though the EUrocrats are stupid enough they are not that stupid to bugger up one of the main airlines. The worst they could do would be to put restrictions on internal feeder flights, they could not stop direct flights in and out otherwise they will get tit for tat and not just from the UK. I remember the now forgotten IT meltdown which provided a great trading run on IAG and the drop the day after the referendum and the sub £1 price during credit crunch etc. but all these things come and go until the next big thing and then it rises back up again.

First MSCI issue I was aware of was yesterday reuters reporting on the conf call of last week although the ex eu share limit 11 Feb did not help , difference between 2.65bn capex and 2.2bn cash flow which dropped IAG out of sector index some silly fund managers following silly rules mean they drop IAG from various funds despite it still being a good FTSE100 company. For anyone wanting this passive approach to investment its fine and the safe thing to do but as private punters who can do way better than an ETF and most fund mangers, its just something that helps us with the volatility it gives to IAG. For me the further down towards fundamental value or even below we go with IAG the better as I feel more confident placing large bets, up at £6.40 which I thought was a good enough price I was prepared to punt £20k a time on day trades but always aware that it could gap down and which it has and I lost a few,
, now I feel a little more confident about placing larger bets on IAG with lower risk of further downside. I am not one for detailed TA but look at the longer term graphs they seem to show we are more likely near a bottom than a top. I have been trading this for ten years and been a long term holder since it floated on the stock exchange in 1796.

A fact I have just discovered ( no doubt everyone else already knows this but please put up with me), lse attaches the live price when we make a post rather than the 15 minute delayed price at the top of the page, I am wondering if that explains why some peeps make tens of thousands of posts.

I felt that £6.40 was a good enough price, I bought at £ 5.90 this morning and again at £5.77 a few minutes ago, if the £5.77 lot gets above £5.87 I will sell. I think the July special div will put a bottom on the share price, I am hopeing that was £5.77 but you never know.

Wow that divi announcement gave it a rocket first thing.

Connor , Spreadex are a pretty useless company, I wouldn't take much notice of anything they have to say, what they had to say about IAG was dated 22 Feb and really what they are saying is not much other than whats already out there.
IAG are back in the range I feel comfortable trading.

Elder and Douglas ? What are you on about ?

Its not a matter of plus500 getting around the regs which apply to all CFD providers its up to you to decide if you are a pro trader or amateur, I opted for the amateur rating as I am happy enough getting leverage of 5 times margin on shares, I have traded on 20 times margin under the old rules, I am happy with the returns I can make under the new rules and I have done the obligatory learning curve thing of 'blowing up' my account at one stage. Under the new MIFID 2 rules those 81% who were losing under the old rules can now lose less money, seems fair to me. All CFD contracts allow you to take or to pay dividends it can be a profitable game to play around dividend time for those that guess it right. As a CFD punter I wouldn't touch the plus500 service with a barge pole, I am just trading their shares through a different broker as I think eventually they will rise again although right now I am losing.

volcano , had you bought when you made your post instead of shouting sell you could have been selling now and cleared a 2% profit in less than an hour so forgive me for taking no notice. I would say take no notice of any broker, if they are ever right its only based the stopped clock principal.

I am in for around £30k and hopeing for a 10% profit, after three buys averaged down to around £10 so I am £3k down , not bad a for a weeks work. My prediction is £11 next week but if not then my day trade / swing trade turns into a hold for a few weeks or even months but unless fraud or pork pie telling is proved the price is likely going up sooner rather than later . My research into the shares I trade is minimal so not much use me saying why I think it will it go right for me other than they usually do.

railride I am no fan of technicals but 876.50 was about when the rsi turned up from 30 and macds crossed up so it was good time to buy

same , bought another 889 at £ 8.98

The Times quoting a price of £11.29 on close 13th Feb, anyone buying at todays lower prices already benefitted from this news but I must admit misleading or lying by managements is a cardinal sin and usually means the company is a pile of crap, on the other hand its no more than I expect from any company that started out on AIM, its all a gamble, I bought more at £10.55 and hopeing to get out with 10% overall profit.

I am now in plus500 at £10.69. I chose IG over Plus500 for CFDs as I am under the impression that IG have tighter spreads and about the same commissions and long/short interest rates for example PFC through plus500 388.10 sell 391.11 buy, through IG at exactly same time 388.90 to sell and 389.40 to buy, these spreads open and close all day long its just a snapshot but got about the same difference on SSE and IAG so right or wrong I am sticking with IG. For options trading both IG and Plus500 do not appear to have more than a few popular indices and a few large cap US shares, Saxo and IB are way ahead of them. I feel no loyalty to any broker, if I could see Plus500 was better I would change.