RE: Looking good for Monday.28 Jun 2020 15:36
There is no doubt that this share will have gapped up over the weekend, the perceived value of this stock has risen. What has not been priced in is the public’s desire to travel and now talk of International routes, the sentiment is now more positive and the opening will be at least 235p. I was completely surprised that the SP ended in the red on Friday what spooked the market was the rumour that the air-bridge deal has been modified but the
modification turned out to be more positive. There isn’t a share in the ftse that has a rebound like IAG, if a vaccine was discovered next week, the SP would be 600p by the end of July. As it is if Covid is kept at bay I can see it bouncing 300p in a couple of weeks. That said, this is a day traders share and will always have a bit of Volatility, I agree with Bricks the SP has bottomed out, just as well as I am running out of cash averaging it down. This is a good time to be a holder of IAG stock. Keep the faith.