RE: It’s looking oversold7 Mar 2021 13:14
Hi Highwayman. I can see IAG hitting 250p by Easter, the positive news will come quick and I spend most of my time analysing Covid data rather than individual stock fundamentals and technicals. IAG and Nex like all transport / leisure stocks are only held back by one thing- Covid. I like Nex because it is apparent that the USA will bounce out at the same time as the UK, both markets having a positive resonance for both shares. IAG is certainly riskier than Nex but It is my intention to have long term holds for both these shares right through to dividends. It will be a rocky road the next few weeks and we saw big drops late Friday afternoon, yes due to The Nasdaq but there was a bit of tree-shaking and panicking PI’s, which is not unusual after a nice profit run. There is nice upturn in both of these shares and even with the NEX placement factored in the share hit nearly 480 p last January. Hoping Thursday’s results are positive then it all begins on May the 7th with IAG for their first quarter results, which is only two months away.
I am hoping to see a 7 day average death rate fall below 200 this week, the average death rate in the UK from 2017-2019 was 1692 per day. The proverbial ‘Using a Sledgehammer to crack a nut’ will be apparent to all.
I only have 6 shares in my portfolio and I can’t think of a better place to keep my cash at this moment in time, my view is if you don’t need the cash keep it in stocks. There is too much upturn at the moment. IMO:GLA.