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@Port & @sun
I'm really glad you fellahs have banked some profit.
I think a lot of us are watching from the sidelines now.
We all know it's the volatility of this share that can, timed right, go off with a bang.
I'm just happy to keep that bang in my pocket. For now.
GLA
A ha.
Whah a ho a ho a ho - wa wa wahhhhh.
The good, bad and ugly theme tune.
It's not important who is right or wrong.
I don't think either of us has a 'rep' to protect.
But let's see. GLA
@A69 & D9
This is the reason I love this board.
Whatever our own thoughts, we are all pulling in the same direction.
A belief and hope IAG does well. For all of us invested (or indeed, me even being out) for a healthy return.
I've posted a few times now, if you have skin in the game it's all about the SP on the 25th.
If the SP is say, as A69 thinks, it's in the 180s and it drops 20% and your held sp is in 140 range, you have no worries. If it drops less, your quids in with nothing to worry about.
But I'll say it one more time.
Regardless of your current AV. IAGs SP will drop on the 26th.
@Link D9 & A69 & BB
Good points and questions.
Recently Ocado posted better than expected profits. It fell.
Despite millions of Vax being ordered from Astra and Pfizer, both stocks have fallen.
These clearly are not travel stocks. But the millions going into the Vax companies, would I feel, make you think their sp would rocket. They haven't.
So, to IAGs result day. Key is the cash burn.
But prior to that, BJs roadmap announcement on the 22nd.
It's not the bums on seats presently driving the SP. There are fewer and fewer of them.
One misconception is that BA isn't flying Longhaul flights. They are. But it's what's in the hold that is delivering revenue. I know IAG is a group, but it's BAs transatlantic routes that deliver IAGs cash cow advantage. Not preightering PPE.
So yes, I believe IAGs SP will fall on results day.
But not permanently. At the last results the SP fell off a cliff. But by close of business had fully recovered. As if nothing had happened.
But then, what do I know. It's just a gut instinct.
'So all of you beleive that the iis, pension funds, financial advisors, wealth managers and lth all beleive that holding the stock at the current value means they are all expecting a drop on results?'
(I've taken the liberty to correct the 'frop' to drop from your post).
Who knows what each investor here thinks around the highlighted people you mention.
I think it fair to say that you didn't when the SP was @144 on Friday. When you were posting caution and explaining how you'd been caught and 'locked' in with this stock before.
All completely reasonable from your experience.
It's just, to me, your volte face since you decided to jump in today is to now question the 'intelligence' of those who have profit taken, that were locked in at an AV far greater than yours.
What iis, wealth managers etc believe is of no consequence to individual smaller investors, which I believe, with no offence meant to anyone here, we mostly are.
Wealth creators and pension fund managers are not here chatting with us.
We are here talking to try and make sense of it all, have some fun, a punt and maybe learn a thing or two from each other.
We are not all blind to reading others points of views or digesting negative news or disagreeing with each other.
Many of us on this BB have been here a long time. As much as you can from behind a screen, many of us kind of 'know' each other.
We know each others av, shared, often funny family snippets and so on.
So if some guys decide to profit take on the day you jump in, I think it unfair to suggest, as your post does, that we don't know what we are doing.
I'm personally happy you've taken a punt, I have no doubt you will be rewarded, though to my mind, I think hoping for over £3 by autumn is a stretch.
But the joys of being here, is being proved wrong when someone makes good on their investment.
If you do find yourself locked in again, come and enjoy it at my local (if it survives) you'd be very welcome. Mines a pint.
Good for you arms.
Really pleased you've trousered a profit. That's what it's all about.
In the time you held, if you'd been out, you could have jumped in lower and got out again a few times. But that's hindsight and who cares.
I'm all out at the moment too. Happy to watch and sit back a bit, see where we are in a few days.
Now go enjoy your profit.
Only you can make that choice but it's great your finally in profit buddy. You've been waiting long enough for sure!!
At the current SP at approx 162.
A 64p drop would see the share sub £1.
When do you envisage this 40% drop?
I'm not shouting. I'm asking.
Yup Dagger, makes perfect sense and mirrors my own thoughts exactly.
The key is the SP at close on the 25th.
Good luck to all.
Cheers sunsurfer, enjoy the ride buddy.
I'll be watching closely over the next couple of days, then will see about jumping back in.
Till then, the very best to all.
Put those nerves away sunsurfer.
For me it was pure profit taking at a level that gave me a good return.
I'm genuinely pleased the SP continues to rise for ALL holders, no 'look I'm out and it's all doom and gloom' from me.
Before I think of an 'entry' into any stock, I always plan my exit strategy first. What would I be happy with? What would be a good healthy return. Obviously on any given day this can change to an up or down tick in price.
It's not about always calling the market or the top price, it's about my acceptance of, then willing exposure to risk.
I'm not bothered at all that since profit taking the SP has risen. No FOMO here thankfully.
What's pleasing is my profit is physically in my pocket. Added to my reinvestment pot.
It's also quite nice to be 'out' for a while. No stressing over news reports or analysing minute by minute movements (which can also add to the excitement) so I'm happily sat on my hands for a while.
I wouldn't be surprised to see a return to the high 150s but very surprised if it hit 170 today, as has been suggested.
The beauty being, if I'm wrong, it doesn't matter.
GLA and enjoy the ride.
A ha! Now come on boys -
'Why you are worried about my profit size.'
Are you sure it's the size of your 'profit' your comparing? ;-)
Surely, as my long suffering wife says to me, to flatter my ego -
'TP, don't worry, it's not the size of your 'profit' Hun. Just what you do with it.'
Thanks Mike and Linkop.
Just means more dry powder available, here and elsewhere if a good entry shows itself over the next few days.
Great day for everyone I'm genuinely pleased for all of you.
GLA
Great shout A69 !!
Brilliant day for all involved. GLA
My limit sell of 157.5 just triggered.
I'm all out. Good luck all. Keep safe and be lucky.
I posted this here on Friday -
'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.'
Sean Doyle in the article -
'He added that if the Government cannot include aviation in its February 22 roadmap, then Ministers must commit to a support package that ensures the sector's survival.'
Maybe Sean's reading my posts now ;-)
Great start to the day. GLA
I tend to agree but have watched over the last couple of months it fall to 112 or 114 then climb quickly into the low 120s then repeat the cycle.
As I said, would just be a punt. If I go ahead I'll keep you posted.
@castle.
The guy who seems to contradict George and keep him fact checked is not called castle. But the use of language and general cheekiness of his posts reminded me of you. And it made me chuckle. But thanks for letting me know it's NOT YOU.
Thanks for your honest reply.
The only 8 year lock in I'd enjoy would be at my local..... Should it ever reopen.
For me, I've been watching CEY closely for some time. I said last week I believed it was heading to 110 and possibly below.
At one point yesterday it hit 107 before rallying back. I think Dagger is invested there so I may take a punt.
Good luck to you, I'm sure when you do jump back in most of us will still be here.
@Fairy1
Thank you, I hope you have a chilled and enjoyable weekend too.
You state -
'till then I think there will be some much bigger swings that seen so far.'
And for you this is one of the reasons you are 'out', so to speak and won't invest. Yet.
Fair enough.
For me, that's the very same reason I do invest in IAG. I don't mind it's volatility one jot.
Over the last few days you've shared which stocks you've sold. So I'm curious which stocks you currently hold (not the amounts) that looking forward you don't feel you'll be locked into?
@foxbat107
I'd never looked at ADVFN but thought I'd take a browse this morning.
I see that George and castle are still at it. Did make me laugh. They should just get a room.