Member Info for Skindle

On another note, is it possible that Emerald Carrots and Sundezena are just algorithmic computer programmes ? After all AI is apparently going to take over the World.

Back down below the five, twenty, fifty and one hundred day moving averages. The two hundred day moving average is 132.8, let’s hope we don’t drop below this figure. Last year on first quarter day the price dropped into the 120’s before closing at 131.44. On this day last year the price was in virtually the same range 149-142. This really is shaping up to mirror the movements of one year ago. Ironically Lufthansa, the reason for the price drop today is now down less than IAG ! We do know that IAG have already forecast a loss of £220m for the first quarter but a strike at Heathrow and a pilot strike at Iberia is in all probability going to increase that loss further thus driving our share price further down ! Not looking good from a shareholders viewpoint.

Geng, none of your forecasts have been correct in 2023. We have now broken out above the 50 day moving average, so I suggest the short to mid term prospects are really quite positive.

Every rung of the ladder is a grind and before you know it we slide down the snakes back to where we started. We are now down below the ten, fifty and one hundred day moving average !

This is currently 149.267 pence. Were the price to break through and hold above this figure we could enjoy a steady rise up to the results date.

Who benefits from this relentless mark down ?

145-141 pence. Only going one way..

So much for the bullish hammer. Just goes to show what a nonsense charts and patterns really are. Just another day where the market continued to nibble away at the value of our investments. That hopeless feeling just won’t go away. Anyone hoping for a significant share price rise following the release of results next month only needs to look back to what happened in May 22. I’m sorry to sound so gloomy but quite frankly I can’t find any reason to be cheerful.

Quickdip, I have the perfect solution to reduce the total liabilities. If IAG were to sell all of its aeroplanes, this would reduce the liabilities virtually to zero. I assume you would then be happy to invest ?

I lifted this from Swingtradebot. If you believe in chart patterns then next week could be positive.

“IAG closed down 0.17 percent on Friday, April 21, 2023, on 47 percent of normal volume. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation.”

I’m thinking of calling it a day with this company. This isn’t an investment, it is more like a tax. It leaves me with the same empty hopeless feeling.

Another excellent buying opportunity apparently !!

The share price is trying to break through the 50 dma currently a 151.012.

Bobbins2, the truth is no one knows where this share price will go next. Chartists will claim to know but the author of this article on Investingcube wrote another article some weeks ago where he forecast that the share price would drop to less than 100 pence, and it promptly increased significantly so he was forced to write a third article to explain his incorrect forecast, so don’t go by what this author says. I am disappointed however that EZJ did not rise higher given the positive trading statement.

https://www.investingcube.com/iag-share-price-makes-fresh-monthly-highs-but-theres-a-catch/

Yes Bobbins2 but that was in the good old days just after IAG had proudly declared a post tax loss of £6.9b and on the back of a hastily arranged sale of senior unsecured bonds. All this nonsense of post tax profit, a huge increase in revenue and all available flights sold out until December is seriously hindering our share price.

Lloyds observed correctly recently to look at charts over the previous year to gain some insight into future movement. If that is the case, we are heading for the 120’s. The difference this year is that the company is now profitable again, in addition to this the FTSE 100 is some two hundred points higher than it was at this time last year. The company have already forecast a loss of €200m for the first quarter, any improvement on this will hopefully provide a positive effect.

It seems odd that we are in a bear market when the FTSE 100 is near to its all time high, achieved only recently, but when does a bear officially turn to a bull ?

Good to read that Bank of America are reiterating IAG as a buy with a target price of 240 pence. A bad day today but hopefully airline shares will be lifted again when Delta release its quarterly report tomorrow. The suggestion is that they have exceeded expectation.

A fine summing up of the way we all feel currently, a true wordsmith.