Member Info for Slim_Shady

It was odd as RR got spiked down specifically compared to others in travel sector

Low volume today so not a surprise it rebounded sharply once buyers stepped back in

Missed it as well :( - stuck presenting a meeting had been waiting a while for this kind of great top up opportunity

Much higher volume today than last few days based on no real news. This could be a shaking of the tree before another move up so will be interesting to see if buyers step in rest of the week.

There is good recent consolidation between 138-145 so the longer RR stays here then better chance of strong leg up. Last time it hit 138 huge amount of buyers stepped and with SMR and COP26 update imminent not sure why anyone would sell core holding now.

With Q3 results due on 5th Nov, additional charges for IAG (terminal and pension) and cases on the up it is a perfect storm of events for a correction back. Once results are done in early Nov and transatlantic opens up again then will push up again. See it as a time to average down once the fall bottoms out.

Retirment ppl are getting annoyed as you have the same rhetoric and add nothing new about RR. You have made your position clear on RR so no need to post it multiple times a day!

Top investment buys in September includes RR as to be expected on RR rise:

https://www.google.com/amp/s/www.proactiveinvestors.co.uk/companies/amp/news/962292

Sadly yes RR went nowhere during recovery after March 2020 while all other shares rose on global recovery momentum. Now RR themselves are doing great but being held back by global markets. On the other hand see anything sub-140 as good top up opportunity!

I am holding till COP 26 and will see where it runs to -anything above 1200 at the moment feels like a chance for profit taking until Ceres has a significant positive catalyst specific to them.

Bond yield and inflation worries nothing RR specific
https://www.google.com/amp/s/www.cnbc.com/amp/2021/10/06/european-markets-positive-sentiment-reverses-data-stocks-in-focus.html

Will be a choppy month ahead with hopefully positive news on SMR at the end

Seems stuck in a channel between 140-145 which is fine as setting new level of consolidation. Not expecting much movement till later in month with potential SMR deal getting signed off.

US market still looks shaky so likely to be turbulence for a while on the daily but nothing to worry about long term for RR.

Why 27th October in particular for SMRs?

There is always some tension on this board at least we all agree RR is only going 1 way long term.

It all depends on SMR sign off and also if travel opening goes smoothly through the winter.

It will take the next results update early next year for another big push up otherwise

I think ppl are waiting for US default situation to blow over once it gets sorted at 11th hour as is the norm.

Low volume today so HFs can more easily control the price downwards. Just depends at which point buyers step back in. Prob most are waiting to see new range for RR (e.g. previously 105-112) to consolidate in before next leg up.

Retirment if the market had recovered I would agree - share trading is a risky game where you have to know what you are doing otherwise getting a FTSE 100 company that pays good dividend is a safe bet for the risk averse.

However the market has not recovered especially in travel and there is a new clean energy growth phase which RR is well placed for. When RR hits £2-2.20 next year then being more cautious is a good idea.

Also FTSE 100 is a bad example of growth over time if anyone had bought a FTSE 250, Nasdaq or S&P 500 tracker 20 yrs ago they would be laughing now. Just sitting on a v risk averse trading strategy means you will be working till 65 rather than 50 / 55

Choppy trading is driven by what is happening with US and debt ceiling. I would be surprised if this isn’t raised for like the 100th time as no administration has wanted to deal with the issue for the last 50 yrs.

Also RR is more globally exposed than a lot of the rest of the FTSE.

We have come a long way talking about low 130s vs low 100s start of last week