Member Info for luddite

john , it is possible to do both, the 'insignificant' daytrading fluctuations are were the really 'silly' money can be made on IAG, a 1p increase is enough to buy and sell and bank a profit and anyone into CFDs could easily have banked a profit by shorting from 210 and closing it out within this first house and now its almost back were it started and looks like its lining up for another go.

There is a difference in employment conditions between France and UK, being employed in France is almost like being in the civil service in the UK, its very difficult to make the kind of changes that IAG and RYA are able to make that are essential to keeping the balance sheet healthy.

Caitlin1 , have you any record of getting anything right ? Do you really regard a 5% price move as a 'big crash' . I would not reccomend anyone take notice of you at all, I buy IAG and sell several times most days and have been for many years and am also a long term holder, so far today has been a typical day, actually so far better than the average day and we are only 13 minutes in.

The 'market' has now had time to digest the news and decided the redundancy plan is probably good for IAG.

whatmess its hard to keep up with your trades, one minute you have shorted JETS at 23$ and the next 20$ or perhaps you have open and closed so many its hard for you to remember , whatamess indeed and you see shorting JETS as a long term thing, thats funny but also mad, keep up the good work, I do enjoy reading stuff like this.

whatamess, something you have yet to learn , the market never prices anything 'correctly' , there would be little point in having a market if it priced stocks 'correctly' , thats the whole point of the market.

whatamess, I am old and have been playing this game for nearly 40 years, I did my first options trade in 1983 which I lost a lot of money on, I have nearly always learned the hard way and when you survive its normally the best way to learn but one thing I have learned well in the meantime is to measure risk reward sentiment etc , I suspect you are young and clueless but hopefully you will learn as you get older.

whatamess, in the history of BA and IAG we have seen it all before, if you are a worrier which it seems to me you probably are then IAG is not for you, some people think that we have never seen anything like it before and then corona virus is the end for IAG, well thats ok, worry away, I find it funny that there are so many on here stating the obvious negatives but which have already been priced in, yesterdays annoucment has now settled and knocked the price by 3.85% at the moment and you lot think its the end of the world, but of course you fail to see anything positive, I can see both sides and on the whole its a positive decision.

Annikins , 8 % down and then 5% up all within an hour is what makes this a great share to deal with, it is not unusual , there can be around six tradeable moves on a good day and most days at least one or two but if its not your thing then of course just sit and make comments, the more people that have a go the better. IAG will be at £8 within a few years.

Short termite, nope twas not me, I am a full believer in free speech and all that sort of stuff, my hide is thick and I have never taken offence to anything on here especially anyone calling me a knobhead or wishing me an early demise, I get that from my nearest and dearest every day and then down the pub in the dominoes team so I am hardly going to get upset when a fellow keyboard warrior rants. If it helps your little snowflakyness feel better I have had plenty of my posts removed this past few weeks but I am not really bothered, the website owners can do what they like, I doubt you can do anything about it.

yv00, my rationale for £8 is based on past experience with IAG which would require a full tome to go into my thinking which I doubt I would be allowed squeeze onto this forum, it trades on a very low historic PE but in line with the likes of UAL and other international airlines reflecting higher risk and it is also more volatile than most other FTSE100 companies, it falls more on bad news and rises faster on good than others, when it rises it will overshoot by around £1 so an £8 target may seem high but to me just seems like a range it will probably achieve. Take a look at the long term price history, getting from £2.20 to £8 would not be a movement which it has not already done before.

When air travel resumes I am anticipating that more people will be willing to pay for business class rather than less, I have done London to Sydney in economy quite a few times and doing it without a Singapore or Bangkok stopover is hard work especially as you get older so I am thinking I will probably shell out for business class next time.

Termite , I don't care what you think other than I come on here to read all views but remember termite your view is as a spectator, my view is much more self important than yours as I have money on the wheel , its very funny reading your price predictions, you have been raising them on nearly every post , now you are predicting price movements which are easily within the daily range, you are such a clever little termite, you should change your name to shorttermview.

Fexit , shorting should not be banned , genuine shorting adds to liquidity, as a retail punter it is not likely you can have any effect on any share by shorting because in most of the time you cannot take out a short and its not likely you will have enough cash to make much of a difference anyway. When you do a short on IG they will mostly self hedge it so you are really just sat at their roullete table along with their other shorts and long punters all betting against each other, nothing wrong with that but its not really shorting and in this case the house always wins. A good company like IAG is not being damaged by the real shorters, but if the fundamentals are sound a price will be reached at which buyers will happily burn the shorters. I am agreement with Anapa on this that IAG will at least double in price probably within a year and as long as I stay healthy I am betting on seeing a price of £8 in a few years, I have a successful track record on IAG and BA going back about 30 years of riding its ups and downs, I don't see whats different this time its just another cyclical up and down , yes I bought some over £4 on this cycle down but also bought at £2, I cannot get it right all the time but losses on gapping mistakes can be recovered by trading.

whatamessyouarein, I had a look at your mess and you really need to look at the balance sheet of INFA, its a right mess, intangible assets are often found to be worthless especially when the business is trading on fumes, I would not touch INFA with a barge pole, its a pure gamble and although I am a gambler I am not daft enough to take the INFA risk, and yet you make silly comments about balance sheets, do you understand what a balance sheet is ? The balance sheet of IAG is in pretty good shape and thats not just by comparing it to the airline industry, Virgin on the other hand has not got a good balance sheet.

Hello termite, I have been in and out several times whilst you sit on the sidelines, over the years several hundred times. I also have IAG shares which I have held since BA was first floated in the olden times plus holdings which I bought well over £4 as it gapped down. IAG did not get a loan from the government because it does not want or need a loan, the balance sheet could hardly be in better shape. I will be looking to book a few flights as soon as the lockdown ends and will be more concerned about getting the best deal than worrying about a rusty nuts pilot in the front end, for a young wippersnapper you are a worrier termite, how do you ever manage to get out of bed in the morning, it must be frightful for you.

Termite , is this the leg down you predicted would happen would begin this week, you are a funny man. I am beginning to undertand you seek great riches by going for the extremes but in the meantime everyone else is making hay whilst the sun shines and it has been shining this past few days whilst you sit waiting for your entry price, try and put your losses on Sirius behind you, I cut my own losses early on them, stop trying to diagnose the madness of the markets, mad when it does not go the way you want, and you think the market is mad, IAG is roughly 30% up since you said it was the start of the leg down.

charr333, I voted for the Boris and if I were a US citizen I would be voting for old Trumpy, who did you vote for ? Both of these people are scheming liars but you do not climb the greasy pole by being nice, even the sanctimonious holyness Jacinda Ardern had to clamber over her competitors to become the big cheese of NZ. In politics and business you don't get very far by being holier than thou, about the only person who almost managed it would be Warren Buffet.

It is highly unlikely that there was any side getting 'the best' of the other but of course termite cannot possibly see any news relating to IAG as being good, everythings bad at IAG until it reaches his target price, then he will be all in , very funny. Neither the dividend cut nor the furlough has caused the share price to gap down which if either of these cost savings had been unexpected and affected sentiment we would have seen much greater price movement.

The management has not suggested they would be wanting a bailout unlike many other airlines, the price already dropped so its hardly amazing where its settled, it is now rising and falling with the market, it was one of the first shares to drop and will probably be one of the first to rise quickly as the virus sentiment which was panic begins to subside into realising that the world is not about to end. Its very easy for the losers like termite to keep setting their buy in price at half where it already stands but I am willing to bet that if it did halve he would not have the bottle to buy in, he would be even more reluctant to buy in than he is now and would be calling for 50p which I think he mentioned as one of his targets. The management does have a good idea of how long they can stay afloat and they seem to be taking actions which will help slow down cash burn, I do not particularly admire the IAG management but they are not in the same category of cowboys that run Sirius Minerals on which termite says he lost a lot of money. I could respect anyone who has shorted IAG with a target of £1 if they have money on the table ( even though they would likely lose the lot) but those spectators with their target buy in prices are likely to remain spectators no matter what price the shares hit.

Sara , sorry I did not fully read your post when I said you were clueless, you may have a point, I take it back, its Darren thats clueless.