Member Info for Teddy100

Not good news coming out of the G7 meeting.

G7 meeting kicked off at 1:30pm to discuss the release of SPR, decision in the next hour.

The prices will have to go up, they are a low cost airline, they are well placed to do so. Not passing on increases is akin to self-cannabilism.

That comment didn’t age well 😂

Generally in the aviation business, Jet-A1 is 8 times a barrel of Oil and $250 for tight refining costs. At the moment there is a premium, but things will settle down. Wizz are exposed in their hedge but people will always want to fly and with the standard of living rising, they will attract a new segment. I would not be shorting Wizz at this price. In times of panic, inertia is often the best strategy. If you need the cash in the next two months, I understand but if you don’t sit tight. That is why all the Bears are out, they want your shares. As I stated previously, I was picking up IAG for less than a pound after the RI. The situation then was worse than now, then we thought civilisation was going to end.

BP is only up less than 1%. There is a reason, the Oilers are the most attractive short in town. Be calm, This too shall pass.

That’s all my dry powder gone, my average is below a 1000p so happy with that. It is a waiting game now. It may see the 7’s, it may not. GLA.

It depends on the time-line, if I knew it was 6 months, I wood sell every share I own. I am hoping the straits will be open next week, at the moment the spot is around $1450 a ton which is double the hedge.

FFS, $108.

Not good Noggers, not good.

In retrospect Varadi has played a blinder with his profit forecast update the other day.

Brent could open on ICE at $110, I was thinking that I missed out on the 905p on Friday afternoon, unfortunately this will be revisited. I have dry powder for two more tranches, 900p and 875p and then it is a waiting game. Even the oilers don’t want $110, it create demand destruction, the only positive on the horizon is that due to the downturn, demand is subdued. Another squeaky b-um day for Wizz holders.

I remember during Covid there was a deramper on the IAG BB for about a year, he was called ‘Whatsamess’ . I didn’t mind him because he was entertaining and also very knowledgeable about the airline business, he knew his stuff. Pogo is just infantile, he needs to up his game with some insightful cutting edge banter🤫

Yes, the fact that Iran is stating that they will not attack neighbouring Countries unless attacked first is a major breakthrough. I can see all ME traffic opening up early next week, the SP will fly when the Iranians pledge they will not attacks the Straits. Their stance is softening.

Thanks Taut for those words of wisdom. I always listen to those who have perfect syntax, your erudite knowledge of this matter is appreciated.

Well it not doing Greggs any harm😂

If Oil rises to 130$ we are all fecked. The sweet point for Brent is around 80-85$ after that demand destruction kicks in. Then, it is not about shares, it’s about pensions, inflation, unemployment and ultimately recession. This time next Friday the World will be less threatening, the Straits will be open and Oil back below 80$, we will see.

Bounced hard of 905p, is that the floor?

900p looks nailed on, that will fire off a few stop losses. Market in panic mode, PI’s selling and I am buying.

Midas: It is called Recency Bias, and makes PI’s buy high and sell low. The most recent event always seems like Armageddon. This will pass.