Member Info for Sanchez599

5m Cup and handle, VCP, tightening up - looks very much like it wants to breakout here. Textbook setup, important level.

Good sign when trolls turn up begging to get their questions discussed when shorts are running. It's such a boringly transparent tactic, used over and over on these boards You could see how much they were struggling to keep the price down last week.

Directors buying isn't a sign of a troubled board. Wizz is at Covid 2020 levels when all the planes were stopped from flying ... more upside than downside.

Look forward to the squeeze when they close.

IAG 4% up
EZJ 2.5% up
Jet2 8.92% up
Wizz -.08% down

IAG up 3.5% jet 2 up 8% EZJ up 2.5%> wizz not even blue. This look like simultaneous short closing.

Jet2 shot to 9.2% up an has held there.

What is interesting is the battle between buyers and sellers ATM. The shorts / sell algos are trying to stamp on even 1% rises, but the buy algos keep coming in. There is always someone on the other side of the trade and someone is accumulating a lot of shares at these levels. I m expecting a holdings RNS at some point soon to show who is building a big long position.

Agreed. My view is that Wizz are simply suffering from the short positions and general market malaise. The underlying business is one of the best short haul cos. Good balance sheet and mgmt.

The weekly chart is the most oversold it has been since covid march 2020 when planes were grounded. I don't see the current situation as anywhere near as bad as planes not actually flying. Therefore to me this looks very overdone and the SP is due a rally, which is what I am waiting for.

You only have to look at Sandbar to see this is a concerted effort to make a sector wide trade and actually though it has worked well, it is looking like they are struggling to make headway now. You may also note that they are a pair trading outfit, who has ramped their position up at the lows which suggests to me they are aiming to shake out shares before going long - recent volatility is also a clue to this.

Even with a small downgrade, JPM still value wizz at £40 per share, which I think is actually a little high given current oil prices, but for me the company should be trading around £25-28 with a view to going to £30-40 when oil passes below $93-5.

The industry is in a far better place than 2020 and I think to drive share prices to those levels is farcical. But that's the current markets - it's the insidious side of the markets and how wealth transfer happens!

Here are GLG active short positions.

I know how it works re % and tracking levels thank you.

https://shorteurope.com/details.php?player=Glg%20Partners%20Lp&land=germany

Jet2 now up 5%! Wizz also aim listed down 2.5%.

I'm not even a lth, just trading and wasn't even in this morning, but I have been watching the last few days where every day starts with a gap down for no reason, and then it's a fight back just to get level with the close.

It's really dodgy. Tempted to email this afternoon, just so it's registered. I hate this kind of manipulation as it's so obvious the market makers are helping the shorters.

IaG down .5% Jet2 down .1% - Wizz down 4.5%.

FCA need to have a look at this share.

I am not long IAG, so my opinions are not clouded by that fact., just day trading the swings on the airlines ATM. But I am waiting to go long and I will be riding the inevitable squeeze.

Look on short tracker at Wizz air for example and ask why the shorting has ramped up in June and July, during peak season when oil has dropped and the war in Ukraine is not the story it once was, regardless of your views on it.

Anyway jmo.

I do not disagree with any of that and am certainly not confused. Shorts increase the most near lows for a reason. Because that's when they require shares both to close and setup longs. The best institutions take both sides of a trade and one sets up the other. If it was just about the short trade alone, they wouldn't go big right at the bottom.

MKA is just following the rest of the market. This is how markets work, they shake people out at lows so others can have your wealth. This is literally how wealth transfer happens and it's all over AIM atm. It's why for example, shorts always increase the most near the bottom, that's the moment they want shares the most, to buy back and go long.

MKA is fundamentally in an exceptional position. Nothing has changed. It's always needed funding. It has truly global support at the highest level.

Worth noting that the majority of the larger increases in short positions have taken place near the lows. They aren't geniuses. There are two objectives with shorting. A simple trade, but moreso to increase into lows to shake shares out of retail hands right at the point before going long. The fact shorts are high is a sign they are nearing a critical mass. Oil is down over 20% from its peak, it's peak season and the best window of opportunity for travel cos since pre-covid. All the shorts know there is an epic long trade to come and that is being set up. It's not about 40%, because over time the market cycle will take take travel companies right back up.

The misinformation on this forum is unreal. It maybe the companies have some posters working for them.

You should watch the desperation of the shorts on the 5 min chart on Wizz. It's absolutely mad how much they are throwing at sells to keep it level. It's pathetic - the obvious move is to switch to long

Brilliant news. Might see some shorts close today. The best opps to short have definitely passed.

Has anyone noticed GLG have closed their short. Gone from Short-tracker.

Jet 2 near weekly highs, IAG and EZJ up . Could be some major squeezes coming.

Dominos....

*pulled down (typo)

No problem.

Oil dropping a fair amount the last few days. First sign of buoyant markets and I think airlines are going to fly.

The market may take its time but it can't keep ignoring falling input costs like this and material profits ahead.

As mentioned the SP was £30 at $93 Brent and there is a correlation between oil prices and airlines if you look. It's now $97.5 from around $125 and peak season.

The share price here has been pulled the end too far, just as it went too high before imo.

Happy to share. Open range breakout following a volatility contraction on the 5minute chart triggered a v low risk entry. Google the terms if you want examples.

Sadly a weak open so trailing stop hit, but added a few back at just over £18. I do believe Wizz is very unervalued now but markets are awful so not even being allowed to go to £20 which is laughable really.

You can use the website short tracker to monitor short positions.