Member Info for Sanchez599

Well done me lol. Got to be some shorts closing out here. £20 next...

Oil down another 5% today. Expecting some upward movement over the coming days. The best conditions for a short have passed imo. The SP started tanking when oil passed $93 and was still around £30 when oil prices were at today's level on the way down. Obvs other factors but with the stochastic and RSI coming out of oversold, it's looking like a move up may be coming.

Watching for a short squeeze as I am sure many are. Once they start reducing it can tend to be like dominos as no one wants to be left holding the baby. Especially with oil prices softening a again and down 20% from highs. Unreal how far this has been dragged down. Gap down this am might be helping some out. Big opp for a large buyer at these levels. Airlines will recover as they did from march 2020.

Worth keeping an eye on them. Same again just now. A company worth hundreds of millions having its spread moved down by a couple of algo trades on a day when oil is heading up towards 5 yr highs.

The chart setup is very good. 10/21/50ma's all compressed together, 50ma trending up, SP riding them. Textbook retrace after a gap up and peak at 138.5 when oil was over 10% less. Just needs that buying or a good RNS to trigger the move.

The majority of the decent sized trades are buys. Nothing of the most recent rise in oil prices is reflected in the share price. Oil prices are up again. The only thing keeping the bid down is some tiny algo trades. Overdue a move here.

Some serious stakes being quietly built here. Amazing it hasn't broken out with more force yet.

Apparently demand for Jet2 and Wizz is through the roof, reading around this morning. Jet2 bookings up over 500% on last year.

Results early June. Looks like opportunistic algo trading to me. US picking up today, other airlines up. Wizz if anything has performed better lately. Someone is clearly working hard to prevent this rising given it keep pinging back up. If they went long they'd actually get a better result today.

Manchester airport issues - but Wizz aren't based there. Jet2 who do fly from there are up. Iag are up.

The naivety is not seeing what is playing out in front of you and the tactics being used because it doesn't fit what you wish the situation to be. That's novice.

Increase sorry!

I agree. It's been too easy to get the offer price down in what is clearly an aggressive effort to do so. Perhaps why ADVT didn't reduce their offer.

The two deals are not far off parity now. It's not much of a reach to consider who might be driving this who benefits, and why. It's clearly not just normal market trading.

1. Release weak hands ahead of eventual deal. (Who then sits on a pile of discounted shares below deal value.

2. Achieve a lower bid value for the NFC deal.

3. Coerce a higher offer or withdrawal to achieve a greater profit or improve the odds for the initial offer.

Looks to me like this is a case of attacking the NFC SP under the guise of market weakness to lower the bid value, in order to get a higher offer at which point both SP's correct. Someone should have a good look into what's happening here. It seems v circumspect. Especially with all the competing interests. I wonder at what point this becomes manipulation.

The SP is nowhere near the bid price. It's c10% below the lower AdVT offer.

What opportunist bs. Steady all day and then a tree shake on no volume because the US markets are having a panic attack. Very poor form.

More 6 figure buys. Seems pretty apparent some very deep pockets strongly believe a deal is happening. You don't buy big at these levels otherwise.

NFC continuing to tick up. Seems contradictory for SAA to be so far below even the ADVT offer when the market is clearly showing confidence in NFC as a bidder. Vin's play does look like a case of want me onboard, add a bit more. She doesn't seem against the company as a buyer. Hopefully the next material RNS is a bid increase / best an final.

RNS confirms the irrevocable undertakings are toast which suggests the parties involved want to take the higher offer - no increased offer from ADVT. The runway is clear for the NFC offer to be accepted. Barring a 3rd party coming in with a higher offer, it looks to me like it's game on.

Nice return even from these levels thanks to the trading today. Interesting to see how it now opens next week.

Personally I think a deal gets done. There is now a floor for the price. ADVT have to offer more or accept. If they block it, that BoD will be absolutely toxic and everyone will lose. Clearly the BoD like the NFC offer and price so Vin (whose offer is not that attractive) needs to put something more financially attractive together because she doesn't offer the scale up NFC do. For me today is about shs being collected cheaply to pocket the difference. Saw it on BCN, seen on many others. The slow ebb away of the SP is to frustrate and get ppl to bail at lows.