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@A69
'Good to see lot of people are now changing their entry point from 160-170 to 190s.'
Whilst I know this is not directed at me, I've never said 160-170 is a viable re entry point now.
I think it smacks as very patronising to others.
You also state -
'I think today’s small retrace was - 'expected after continuous rise over last few days.'
Your second point 'expected' is an almost identical post I made yesterday.
What I find interesting about your posts lately is your true belief and oft posted SP price range.
Believing this will rise to 210 / 218 / 225.
Only to see you then post you part sold a holding at 202.
If you really believe this is going to 218. Why would you sell at 202?
You have also previously posted that day trading now is for fools. Yet you posted before you sold 50% of your day IAG trading portfolio.
Look, I don't really care as long as you've made money. That's the point.
Anyway, whether in or out, good luck tomorrow.
Gonna be an interesting few days
No one is in any doubt I think that North, eventually, is where IAG are going.
Many of us past investors, traders are out. Naturally we want back in, but at a value price. Who wouldn't? That's trying to get the best bang for your buck.
Volatility will eventually iron out across all stocks as we progress further down the Vax route and some kind of 'normal' will arrive.
But I personally believe there's still some great opportunities here. Not above £2 for me.
As A69 is happy to wait weeks or months for his 218 - 225 range, I'm equally happy to wait to get in around the low 190s.
That's not deramping btw, remember when we were all chatting excitedly about the 170s.
Short of a meteor or Ebola outbreak in London those days are behind us.
Good news everywhere which is a blessing on its own.
So, dry powder still dry.
GLA
Very positive here.
Was one of the initial lucky ones that got in low and out high on the 'big day'.
Waited for the SP to stabilise and bought a wedge few days later. My AV is 30p.
Not concerned and no need to average down.
This investment now just tucked away ready for a steady rise over time.
No need to sing the praises of the company, others more qualified already have.
When this comes good we will all be laughing to the bank.
GLA
Phenomenal! A near 28p rise in a week. A 16% rise.
Stupendously pleased for holders and those profit taking. I'm still out but happy for all with skin in the game.
Going from here to 218 or 226 would mean another 12 and 20p rise. With no retrace.
A69 is right, nothing goes up in a straight line, I just don't personally see another 10% rise after a 7%+ rise today.
I also don't expect a timberrrrrrrrr fall. But there will be opportunities for all to get back into the game. Myself included.
I still believe over the next few days there will be chances to get in sub £2. IF that happens, I'll free my thumbs.
GLA
Agreed. Much reduced from before.
Everyone here knows this is my favourite stock.
I was merely answering the posters original question.
From the Daily Mail - This is money.
'It lost the equivalent of £19million a day – or £205 a second'
So £133m a week.
I don't know how to copy and post the link.
Not de ramping, just answering the question as I was intrigued to know too.
GLA
@livepari4
'I’m optimistic RR share price is due for a significant rise.'
You and me both. Just not yet.
It doesn't matter how diversified Rolls is - Small nuclear division, profitable defence and arms portfolio or being one of only two major aircraft engine producers.
It's the engine revenue and maintenance stream that drives Rolls.
Yes, there are hints of international travel opening up. But fully increased flying programmes across the World from June?
Rolls has transformed itself dealing with Covid, as has IAG.
Rolls will rise, no doubt, just not yet in my opinion.
But good luck, enjoy your weekend.
'I'm not interested in IAG until next week'
At last, something we both agree on. For me, it was never really about today. I posted last week that rather horse trade today I'd keep powder dry for next week when the spikes subside and we (I) can try to start to fathom where the real sentiment is going.
Me agreeing does not mean I'm waving my willy at you ;-)
Couple of other thoughts. On companies you've mentioned.
I personally wouldn't touch Rolls until after Q3 results next month. And then I'd wait longer. Low 90s I believe is a real possibility. Even after all the Vax news and BJs 'Roadmap', you can't seem to keep Rolls SP up with a forklift, blue pill and two weeks notice.
CINE, Not for me right now. The debt is eye watering, though renegotiated. As are leases and many staff on furlough. Sat on my hands there.
CEY on the other hand looks to be going sub £1 (sorry Dagger) and is being hammered by lower gold prices and bonds.
Why buy a CINE share for a quid, pay the stamp duty and hope for the best.
I'd buy CEY, NO stamp duty and the company has no to little debt.
Just my end of day, sat in the sunshine musings.
Here's wishing you all a great weekend.
GLA
Amongst the bad, don't overlook the good -
'At 31 December, the Group's liquidity was €10.3 billion including a successful €2.7 billion capital increase and £2 billion loan commitment from UKEF. This is higher than at the start of the pandemic.'
HIGHER liquidity than at the start.
As we've all been saying for a week -
Cash burn, cash burn, cash burn.
Or lack there of.
The good stuff -
Almost 50% decrease in headcount costs. (Across IAG)
Ageing gas guzzling 747s, oldest 777s gone. (At BA)
Air Europa - half price.
Madrid - New hub.
Balance -
No divis till 2024. (Important to many)
No mass international travel this summer, autumn looking flatter.
JetFuel price rising. (But can be hedged)
Sporadic, Ill thought out hotel quarantine system.
BUT -
Now incredibly nimble and best placed to blast out the blocks.
An unrivalled (when opened) international network.
No competing Longhaul Norwegian.
A diminished Virgin (BA market)
I still believe an early drop tomorrow. Despite all these positives.
But that won't stop me, at a time and price I think is right getting back in.
GLA, we know we will all be here early doors.
As Dagger says, don't be late.
You'll miss WAMbos 70p and 2nd RI shouts.
IF you call it right, have balls of steel, absolutely no attachment to the company and see it only as an instrument to make money.
Sounds easy, but a short read over at the Rolls BB will show you how attached guys are to the company, cache and brand.
No attachment does not mean non researched and you can still be locked in. Just ask our Robby.
I have made more on my day (which some have become week and often fortnight) trades than I did holding my initial chunk which I sold, thankfully at a profit.
Personally, I believe after a crazy tomorrow and horse trading next week, this share will stabilise into a kept North projectory.
That doesn't mean that swings wont happen, but I believe they will settle and even out. Taking a lot of volatility out, the very thing day traders seek in shares.
Anyway, whatever you decide, always keep some dry powder and the best of luck to you pal.
Finally, we can all take a peek into IAGs Pandora's box tomorrow. (Oh Er) I, like all of us, will be watching closely.
I'm thinking of dislocating my thumb, wait it out and wait for my re entry.
Good luck to everyone, holders and those looking to get back in.
@Dagger -
'WAM ( Mr 90p) v Big Blue ( Give me the name of your solicitor)
Can't wait!! Wonder if we could do it as pay per view?'
Dun. Dun dun dun. Dun dun dun. Dun dun doodaah.
Brilliant.
However, WAMbos new price is 75p. I believe Friday morning it will be revised down. Again.
Good luck everyone. Tomorrow I think will be very interesting to watch.
Especially for current holders. The actual close price in itself is not that important. It's the percentage your AV SP is under that figure.
If the SP dips or falls initially or after an uptick, it's how much wiggle room you have.
LTH have nothing to worry about and I think everyone here feels that this will go north of £2 sooner rather than later. Myself included.
For those of us 'out' it's timing re entry. We all want to maximise our future profits, it's why we are here. Personally, I do anticipate a drop on Friday. Not an off the cliff drop, but if it smashes through £2 and continues north after a dip, I won't be joining you Friday for the ride.
I'll be genuinely pleased for all holders, esp Pfen if he's still holding his 194 shares.
I'll instead wait until after the weekend and see how sentiment settles.
Some of the fag packet, head scratching speculation from those of us out is not de ramping as has been suggested.
Swipes at Day Traders unfounded, we all invest in different ways.
Musing about possible share price entry is due diligence for your hard earned cash and not knocking IAG.
I've been a consistent cheerleader for IAG and BA through the good AND bad days. Pre and post RI, when I've been in the red and the blue.
I have, for me, earmarked a substantial amount (with a nod from the boss) to get back in.
It won't all be going 'in' in one hit as whilst we all know that IAG is the comeback kid, she can wobble like a drunk. It's those wobbles I'll try to exploit.
I don't suffer FOMO, nor the knockabout 'Don't miss the boat' pontificating. All ships have to dock again sometime.
If you think I'm de ramping IAG because I want a reasonable lower price to jump in, so be it.
I will leave you however with one 100% cast iron, you can bank on it prediction.
After the results RNS, between 7am and open, WAMbo will be here peddling fear, with clickbait threads such as WOW, JUST WOW. And ofcourse his new revised downward figure.
Good luck to everyone.
I think we all agree that this last year has been IAGs annus horribilis.
All, I would think know, that once International travel restarts, the new restructured airlines within IAGs stable, most importantly BA will indeed have a license to print money.
Most important part of Fridays results are new cash burn and retained liquidity and war chest.
GLA
@Fairy1
I would never advise anyone to either buy or sell shares in any company. It's a choice only you can make.
@big-blue
'Based on this morning, may not even go back in until Mon/Tue next week.'
Agreed. I did post before that Friday may be all over the place. I do personally expect a drop. But key is what the SP is at on Thursday. As such, I posted I'd more than likely wait till after the weekend to try to guage the real market sentiment.
Dagger has posted other dates of possible significance. Including the budget. Which I agree could have impact.
Oddly, over the last few months I've noticed that up to results day, sp in some companies rise inexplicably. Then fall back.
Today's rise is great for holders, whether driven by the market or indeed a caffeine rush, but I'm happy sat on my hands for now.
GLA
I know we will all be pouring over the results on Friday.
Many deciding then on entry or indeed exit strategies.
So, I was wondering who is presently 'in' and who is 'out'.
Just a straw poll. No agenda. Just intrigued.
I'll start. Like a dragon....
'I'm out'
GLA.
A69
Well we have a loooooong history of agreeing on that.
In IAG as a cheerleader. Then out as a deramper.
Something you or I have never done.
GLA tomorrow.
I'm finding it amusing to read all the chest beating and squabbles on a blue day.
Look, today has been great pretty much across the board. Surely a time of back slaps not back chats.
Firstly, while I'm delighted big-blue got his 168 shout, to then self proclaim he's this boards sage and the rest of us minions, even if posted tongue in cheek, is a bit crass.
It's great when your right, or believe to be proven right, but not being to flash, in my opinion, means more than point scoring.
A69.
A small reminder. You said today that you've now sold all your other stocks and gone full in on travel stocks. Some at a loss.
I salute your bravado. But, whilst you tell us you completely called this, I think a polite reminder of this post a few days ago about LRE.
'This is testing support level at 652. I have bought some at 653. Another insurance company with no stamp duty for buying its shares.
I am looking 700p target.'
It closed today at 617.
You also state you lost money on mnzs.
Personally, I never like to hear about anyone losing money OR selling at a loss.
Things can and do change in a heart beat.
Be gracious when your right, modest when your wrong.
I'm often more wrong than right, no doubt.
For us PIs, it's all luck and chance. Don't kid yourself otherwise.
GLA
Trust me, everything is crossed.
For the record, whilst I don't agree with all you post (but that's what good debate is all about), I'm pleased you got your 168 shout and then some. A great day for all.
You are a self styled Gru, to us minions.
Now, where are my bananas? ;-)
As well as the drip feed of positive steps to unlocking the country, It may also be pointed out that this fantastic rise across travel stocks (and Rolls) came off the heels of a PHS (Public Health Scotland) report today.
That the one jab system employed by the government has shown to be incredibly effective in cutting down infection rates across all age ranges AND even with just one Pfizer jab, reduced the risk of serious infection and illness by over 80%.
'Research led by Public Health Scotland found at four weeks after the first dose, hospital admissions were reduced by 85% and 94% for the Pfizer and AstraZeneca jabs respectively.'
A strategy much derided by big-blue over the last few weeks.'
What a great day for all holders. Genuinely pleased for all of you.