Member Info for usually_right

gaps usually get filled but sometimes it can take a long time. the one at 262 may well be a bridge too far during this cycle, but one never knows. todays opening gap has a greater chance of being filled but if the shares can break 326 the recent high, they could fill the gap to 340 which is just below the rising 2021 channel at 345 today.

top of recent range into results so only natural if uninspiring that they pull back. its all about expectations. everyone knows the cruises and airlines wont get back to where they were for 3 or 4 years so the bar for those is lower. but they too will be moved lower when they start missing once passengers are flowing again.

i have a channel at 124 with lows by 120 and also where the gap was filled. below there you have 113 and 100. on the topside 135p if recovered today will mean short term weakness should be over. if they dont close above 135 we might see attempts to test those supports at 130 (todays reaction low) then 124 120. i added this morning as i was underweight into the results. was just a questioning of selling higher than i bought and buying back lower than i sold. i plan to buy again at 120-124 otherwise will stick to what i have which is still underweight to rest of portfolio but you have to be patience and wait for the right price. it either comes or it does not.

should hope so after 25 years in the game!

current cover is patchy yes but next year its ok and they do have ability to raise prices in line with industry so that isnt so much of a problem. they are meeting the debt reduction targets so i dont think there is anything to worry about right now.

similarly i was underweight having cut around the 140's and have added some this morning. i plan to add again if low 120's seen otherwise will leave position as is.

these should have solid support at 120-124p. if seen that would be the time to add. if not then they should eventually settle and continue moving higher with market back towards upper end of its range.

held the 200 day ma and then a great reaction off it later on. the 15 quid level takes you back as far as july last year. the next leg of the cyclical trade should see these make a new post covid high.

short term nobody knows, it will follow sentiment of the market. longer term, as long as martin is on board, this is quite likely getting into the ft100. i will be using any significant falls to add to my position. i think 400-450 would be a level level to add, but that requires another 5% lower on the NDX so we will have to wait and see.

a decent entry point here. the company has shown its gotten to grips with post covid life and is moving in the right way, well placed to benefits from reopening and reflation. i wouldnt expect a move much below 150p unless markets correct heavily, but any return to pre vaccine levels of 130-135p would mark them seriously oversold.

major support for these is the range 50p either side of 28 quid. further deterioration in the general market might see the shares test that level. at that point you can make an interesting case for them as they would be some way from being fully valued as they were closer to 40 quid.

big opening gap on weekly chart here. we got a similar one in may last year to 40 quid and the shares run up to 50 quid plus before correcting. does the same happen again? im not sure. i have halved my position to underweight here. i believe in the demand theme for copper in the longrun which is why i have retained a positioned but copper itself is now a bit stretched but also the ft100 is at channel resistance (7170) which it touched today and backed away from. its possible we see some kind of retracement here. it might be 50 points, it could be a couple of hundred points. you just dont know. but its quite probably that rio will follow the market lower if that happens.

march 3rd gap to 2325 has now been filled. doesnt mean shares must fall but often there can be a reaction against the gap as st traders take profits on met target. near term suppport around 2200 looks good.

boe may take the podium tomorrow especially if they talk of tapering bond buying. this would push any rate sensitive stocks lower but in the case of barratt and a few other builders, it would be an opportunity to add. the next couple of years look good for the company.

true but its more of looking for a story to fit the price action c/i ratio is still lower than the average through the year pre covid to q1 2020. increased compensation and covid related costs will have made up a good deal of the extra costs. you can expect the covid costs to get smaller going forward. i think barclaycard might have been a bit of a disappointment but its backward looking given that the lockdown is now ending.

absolutely. the man is highly motivated to take s4 above wpp. there is no reason why s4 cannot make the ft100 in the near future. while martin is at the helm i think the prospect is real.

you can pick at the fixed income side but its mostly profit taking

for every 10 shares you held, you will hold around 9. in laymans terms.

most important thing they said was that they will be raising prices given rising input costs. that they feel they can do that means demand is expected to be strong. thats good news for margins.

the core is trading on a fwd pe of about 10/11. hardly overvalued. now that wickes has been spun off, it is more likely that there will be action on the p&h side.