RE: Time to prepare for sub 10029 Jun 2022 18:42
Jtan,
I still think weare in a general bear market, and this was a dead cat bounce, Ftse100 excepted as is oil/commodities weighted. I trade Ftse watching oil prices / Shell/ AAl. Shell /Bp has dropped as has ftse and I watched as oil gap got filled as ftse100 rallied, inthat scenario airlines willopen on optimism or climb but not sustained. Remember how hedging works, beyond that everything is a cost, so at this level is is an ever increasing cost so if ftse100 rallies downside is limited despite costs but if not (ftse100 falls), it affect much more I also do the same when trading IAG with inverse effect to a certain degree, oil has dropped 1$ in 30 minutes but overall still high.If i just landed from Spain the airport it looks busy but if i just landed at terminal 4 (just re-opened) which has just opened? I know it accomodated a lot of other airlines, squeezed into the other terminals whilst shut. Full picture, airport not full but full capacity now.
Looking at IAG balance sheet and debt (utterly huge, most co would be bust) like many other other others (international travel tui, SIA, Virgin,etc) it should be a penny sttock but is not but is supported by instutitions and friendly policy by institutions and govt govts (if indirectly), on the other the fact that it isn't is a testament. So do't dwell too hard but isa burden servicing it without other things getting in the way.Enough of negativity,it is currently above £1, arguably low but not cheap. If the clouds disappear it has potential. Look at the share price and let others guestimate the finances as I know 50% in the public domain and 50% is guesswork. I just look at charts, far easier, if it bounces I will if I can buy toride it , if it bounces hard, I am afraid I will go against it. However in future if the picture clears, sooner or later, I may change my mind.
I suggest not being here watching every tick, enjoy your life, don't add as it seems you are in quite a lot, never mind if you miss a 10% bounce inrecovery to get in, you may be more re-assure.
Have a good week. I too had many sleepness nights learning and still am learning. Take care everyone.