Member Info for Millionaire106

No reason.. market is up generally today! Everything stock on my watchlist is up pretty much!
Perfectly aligned with the economic reality haha

Barclays seem solid enough on the surface but all banks imo are going to have massive amounts of bad debt/loans to write off. could tear up their earnings for the next few years! Hopefully I'm wrong

I'm about 80% cash at the moment as think we're in for some bad times. The market has rebounded far too strongly imo and doesn't represent the economic carnage that's been/is being done! I personally think we'll re-test if not exceed the March lows again so having plenty of cash will enable me to clean up when opportunities present themselves.
Of the positions I currently have which obviously include about £20k in DISH, I have a fair chunk in gold and Begbies Traynor (Adminstrator) which are obviously both counter cyclical. I also picked up some WEY at about 14p in March.
I've been trading the airline stocks recently to take advantage of the volatility but have stopped doing that now as getting too risky.
There's going to be some fantastic opportunities in the Travel & Leisure sectors so I have alot of those kind of businesses on my watchlist but definately in no rush to catch a falling knife with them as think they still have a long way to fall.
All imo

Time will tell Sam. Just need to get that team back to work and start making some money! This ones a punt in my portfolio but a punt I think will come good.
GLA

That was me. I’ve averaged up slightly now, holding 1.7m @ around a 1.17p avg.
I’m confident DISH will do OK. It’s risky for sure but could be a multibagger... they have enough cash to see them through for a while but need to get that telesales team back to work.

Just a flight

If the holiday/flight gets cancelled you’ll get a full refund.
My flight to Florence in April was cancelled and I’ve just received the refund back into my account.
Was pretty seamless, didn’t have to fill any silly forms out or anything.

Coming here I believe! Jet 2 is a lovely Business but in a horrendous sector currently with unbelievable headwinds!
More big down swings to come accross all the airlines imo.
Be careful out there!
GLA

Hi All, Just bought into FRP. Look very interesting and should do well in this environment.

Well there not really are they. Doesn’t take a rocket scientist to work that one out!
Folk are going to be tentative about getting on a steel tube packed with lots of other people for a long
time imo!
Airline sector in a fair bit of strife until confidence resumes.

On this sector at the moment! Happy to watch from the sidelines to see how it plays out over the next month or two.
The patient will be able to pick up the scraps of airlines imo..
GLA

Got you :) completely agree with you... travel sector in a dreadful spot atm and anyone going long On Aviation needs to be v careful.
I am backing EZJ to survive and I think they are a solid company so will buy back in when things start to become a bit clearer.... I have a feeling this is going a lot lower in the short/medium term however.
DTG is another decent company in this sector.. but again has along way to go before falling into buying territory!

I check in on this board every now and again and must admit it does make me laugh! There’s some serious drivvle talked on here!
I’m personally long on this share.. got a small position of just over a million shares averaging about 1p... I think they’ll do OK over time... maybe get back to 7-8p and who knows exceed that in the future but in order to do that they need to start earning some money as an exciting story only lasts so long! Hopefully when this lockdown finishes they can get back to work and start executing the plan which seemed to be working quite nicely before all this malarkey kicked off!
Anyway GLA

Your selling puts on this? Wow that’s risky...
I’ve been buying puts for the last few weeks! Doing very nicely.. don’t see what’s going to trigger a substantial restating anytime soon!
GLA

That's another take isn't it and a fair enough POV.
Some of us will be right, some of us will be wrong at the end of the day.
Like I said I'm personally going to sit and watch what happens from the sidelines as these are stormy times and I see alot more downside than upside potential at this stage. Just my opinion of course...
Who knows what will happen

Interesting presentation from Stelios about how he sees the current EZJ situation. Pretty grim reading tbh and I'm not tempted at these levels. Sounds like they have some serious problems and internal issues which need sorting ASAP.

https://easy.com/wp/wp-content/uploads/easygroup-to-other-easyjet-shareholders-voting-yes-remove-directors-2-may-2020.pdf

Yeh I bought a bunch @ 640 SP! along with puts on TUI & DTG! Considering CCL too! There's some pain coming... market too optimistic atm!
Will flip them all into Calls when they hit somewhere around recent lows... which will come again IMO

Dish will do well long term I reckon! Be interesting to see where they are this time next year..
Will be nice when the lockdown comes to an end so the telesales team can get on with growing the business!
I think they’ll do well so a long term hold for me! Averaging about 1p
Cheers

Really small volumes causing the increase accrues a number of stocks!
Big boys seem to be holding back.. maybe they know something us private investors don’t?

I'd be inclined to agree with you how the current situation lies. DTG is a great company though so I'll definately be looking to re-enter when things become clearer
GLA :)