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I think that if no part of BJs roadmap announcement on the 22nd includes foreign travel or holidays, apart from the known quarantine from red list countries, then a support package for UK airlines and travel firms will be made or hinted at.
Behind the scenes they will have been lobbying hard. A lot of BA staff are still on furlough. Both IAG and Virgin have tapped investors, though in different ways. It's reasonable they can say to the government, they can't do it twice in a year without massive job losses once furlough ends and with no hope of travel corridors/holiday destinations, layed firmly at the government's door.
Some tool here posted a few days ago that BA would cease operations in 4 months. Another RI blah blah blah.
Can you imagine the national outrage that Brits would feel that whilst obeying lockdown 4, hoping for a holiday, the National carrier and Virgin collapsed whilst no help was offered?
Most regional airports close and the final (tongue in cheek) straw, no duty free fags.
This is why I actually laugh at ludicrous claims posted here about the future demise of these companies. If our European friends and neighbours can, against their own competition rules, bail out Lufty and AF/KLM, do you not think we would do the same?
So yes, share prices may fall, but the company is not going bust. So will eventually rise.
If you really believe that BA and IAG are going to the wall. Then you also believe that Iberia, Aer Lingus and Level will fold too. So, Sell up if invested, put your money elsewhere. Don't invest and laugh at us fools in 4 months time.
GLA
@livestock
That is known news. And has been all week.
Tsk Tsk big-blue. Sounds like sour grapes.
I told you those Thai hookers (that you mentioned) always give a happy ending.
Your Dechra ended up at close. Did you stay in over the weekend or did you bail?
'Typical small pi 'wouldn't want to be out of this over weekend' stuff, we all do it from time to time, uuurgghm,........'
Whatever you decided about your own investments, good luck to you.
To those that jumped back in today, probably some newbies too, here's to you all enjoying a great weekend.
I posted this yesterday on Deans thread -
'It's often my most frustrating investment but has been my most profitable. Personally, I'm not bothered by swings down as without fail, the SP always recovers, often on the same day.'
If you had no skin in the game you could have entered today at the 143 mark and out at 150 before close. Not bad for a Friday :-)
As an aside, my two boys can no longer play rugby due to Covid, so we will celebrate watching the Six Nations instead.
Raising a glass to all the guys I know on here who should be sat on a nice pot.
For those in the high 160+ your day isn't too far away in my opinion.
Have a great weekend and see you Monday.
A ha, welcome back Mike :-)
@deepblue
Cheeky profit on a day trade and it's not even 10am. Nothing wrong with that.
@sunsurfer
You went against your own advice and averaged up. Wish I'd seen your post to say I'd only use dry powder to AV down buddy.
Still, your in 146-7 range and that's s good steady position imo. Plus, you now own more stock and increased your holding, great when we get some positive roadmap out of here news.
Your still better placed than me with my AV at 150 so good for you pal.
GLA
Ahhhhh, but don't Thai hookers always give a happy ending?
Wizz down less than 2%. But Jet2 taking s hammering.
But if you'd bought EZJ on the early doors dip you'd be about 15p up a share. Even though the SP is still down.
Travel stock opportunities everywhere if you have the mettle and nerves for it.
Deepblue - Welcome back. I'd say that's a good shout.
Good luck all.
As long as that profit is in your pocket Mike, then you've won the 'game' so good for you.
The 'roadmap' out of lockdown announcement is on Feb 22nd.
IAG results day is Fri 26th. Which incidentally leaves, including tomorrow, 10 trading days left to either get out or in, depending on your appetite for risk or reward.
My thoughts haven't really changed since we discussed this on Linkops thread last weekend.
Since then I've been out (at a profit) and back in (at 150) as fundamentally I believe in IAG, it's stable of airlines and business model. All member airlines have restructured and driven down their cost base, crucially, making them nimble and quicker to react when (not if) restrictions are finally eased. Which may be highlighted on the 22nd.
As I've stated here before, I hate it when guys say 'its been factored in'. Generally meaning the 'city' and big boys may indirectly know what's coming and therefore won't have an effect.
That said, anyone not expecting a loss (including those pesky 'city' boys) is a moron.
This share is the most exciting in my portfolio. I haven't bet the farm on it but even looking at today there has been a 6p range. I imagine sunsurfer was getting squeaky when it dropped below 146. It's mad. It makes my other investments look like Steve 'interesting' Davis.
It's often my most frustrating investment but has been my most profitable. Personally, I'm not bothered by swings down as without fail, the SP always recovers, often on the same day. Or at worst, post RI, a few weeks. It can be as explosive out the blocks as Usain Bolt or go down like Mary Decker.
It seems to me that often leading up to big results people get in rather than out and the SP lifts.
It all depends on the SP at close on the 25th as to how close or far, above or below your held AV is as to whether you have a big enough safety net for a loss of sentiment drop OR ride a rocket.
And thereinies the dilleama, none of us know.
As you know, I never ever offer advice nor do I predict prices, only those that I would personally enter and exit.
So my current AV is 150. If it hits say 156 in the coming days, I'd exit with another profit. Then wait for another entry.
If it doesn't, I've never sold at a loss and will hold until results day. Light my hopeium pipe and buckle up.
Good luck all.
Good for you Dean. Always nice to profit take and still retain a slice of the action.
Good luck with your diverted funds to your 'multi bagger'
And yes, I believe 2021 will be better.
@Irish_Renegade.
Good for you buddy and great you got out high and with a pocketed profit.
You certainly don't need to justify your investing strategy here with any of us. Sometimes you have to go with your gut and for you it's reaped a great reward. As it should be.
Good luck in all your future endeavours and you know all us usual suspects will still be here when you chose to jump back in at a time and entry level that suits you best.
Till then, enjoy your profits, relax and smile at the rest of us trying to make sense of it all.
@big-blue
A brief scroll of the thread would suggest his post is aimed at the utter drivel posted by Speedbird747
Thanks guys, that means a lot.
I wouldn't be surprised to see it test 149, but I'm happy with my 150.
Work beckons, so will be away from my screen. Let's hope it's a good day for all. Will check in at close.
Till then, best of luck to all.
Wow. Well thanks. It wasn't a prediction, I don't do that. Just an entry point that I stated I'd jump back in at and I'm very happy with that.
I was going to go 'all in' but as it tested below 150 a few times I'm back in but with enough dry powder to grab more if needs be.
Good luck to everyone as always.
@big-blue
I imagine the Qataris would have quite a lot to say about IAG selling BA. Also, BA is the cash cow of the group. They will be looking 5 to 10 years ahead strategy wise and don't look at daily share prices.
@Robby
It's certainly looking that way.
If I get in sub 150, I'll buy you your lunch buddy.
@big-blue
No, BA do not fly any point to point flights within the EU.
@GB46
Also no taxes or charges for me on my platform for IAG.
@Robby and @Linkop
I may not get it today or even tomorrow. I'll just sit on my hands for a while but as always wish you both and all good luck.
I'm firmly sat on my hands and 'buy' finger for 150 or below. And that would be an entry for trading in the run up to the 26th.
Thankfully I don't suffer FOMO so if I don't get it I won't be worried, plus if I don't get it it means my pals on here are doing well. So it's a win win.
Good luck all. If and when I do jump in again I'll let you know.
153.9 is it's close price.
So I think your right, further drop tomorrow sadly for holders that we know with a higher AV.
LTH have absolutely nothing to worry about, just tuck away and wait for lockdown restrictions to be eased and it's party time for everyone invested.
If I was locked in in the low 170s or 180s I'd never sell for a loss. Ever. Just got to baton down as a lot of us did for months after the RI.
If this does go to mid 140s, for those guys with dry powder, good chance to AV down or indeed dive in if you have no skin in the game.
I'm always mindful that a lot of us guys kind of know each other and I take no joy for those stressing sitting in the red at all.
Whatever we think, I think a lot of us will be screen watching tomorrow at open.
Good luck guys.
We were both lucky I feel to have sold out at 160
I'll wait a few days before dipping my toes again, but good luck