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Wow, up 5% in just 2 days! Amazing.

But wait a minute that only takes us back to where we were at the end of a bad Monday 3 days ago.

We are still down over 7% on the last 5 days - have to hold on to what we got - and keep moving up pronto!

Two sides to every story: Evening Standard London yesterday:

Soaring new towers show the sky’s still the limit for the City

City Comment: It’s extraordinary in a time of hybrid working that the extra space on offer at these two soaring office citadels can be absorbed so easily.

https://www.standard.co.uk/business/soaring-new-towers-city-bishopsgate-the-shard-viewing-platform-free-views-office-space-b1109525.html

Maybe companies are pulling out of building deals because they want to move into a more modern property.

Let's hope it is not the End of the World yet.

The last few posts are all by people I respect but they still leave me bemused because they make it sound as if there is a fundamental logic to the markets / this share.

As I mentioned last week, even when rates and things were worse, there was a consensus that £6 was still cheap and TWERP was on the cards.

Now even Stumpy is expecting below £4.70 as if that would be logical.

Having last night seen the film "Dumb Money" about how "retail" investors like us (the Dumb Money guys or Useful Idiots if you prefer) finally banded together and squeezed the short big time, I don't hold out much hope for logic.

Because in the end behind the scenes the Hedge funds and regulators banded together to protect their interests and that's where we get shut out.

Thanks, SK.

Actually the Subject is part spoof, as I don't trust figures like this one bit.

Certainly don't see any signs of inflations coming down at my local Tesco.

But whatever the truth, the headline should impact positively - indeed, it already has - and if the BoE does not raise rates, this has to get back to a more realistic price.

So inflation expected at 7.2% comes in at 6.7% - should be huge sighs of relief.

And maybe interest rates don't go up tomorrow - and everyone feels better.

A boon for TUI surely after its positive report.

Even the manipulators may be hard pressed to keep this back.

Goodness, folks, we were above £6 not long ago

- the feeling then was you might never be able to buy in the £5 range again.

And now here we are, eyeing the heights of £5 as the Holy Grail - surely it should leap over that!

The last 20% drop was a nonsense and this RNS should easily reverse that. Come on TUI.

Yet I know I am having trouble keeping the faith. Such is the market mentality.

Thanks, Stupmy, couldn't have said it better myself.

Bottom line is that I feel I have got it wrong probably 80% of the time because it is so damned difficult to pick the high to sell and the low to buy. Shares always seem to go further up or further down just when you don't want them to.

I did get it right at least once. On Superdry on a one day trade. And once at least on TUI.

But mainly it is a case of buying / selling and then picking up the towel to dry the tears for at least a day or two by which time the share might have gone more in the direction I was hoping.

Now ... about Thomas Cook - I will have a look at the article. But I agreed the whole economy is looking "iffy" - Until we rejoin the European market, things are only getting to get worse as this government grinds the country to death.

Yo Stupmy, oh, yes, so it has come to pass. You had earmarked £5.17 or so as a possible re-entry point - after we had both cashed in a few shares closer to £6.00 - and I was fairly certain we would never see sub £5.50 again.

Indeed, I have been silent for the past month or more - sitting in the Philippines sunshine - clearly believing that my £5.80 average would soon be smiling.

But goodness, here we are. Of course, we are not alone. FTSE250 is back close to its worst days. Of course, TUi has suffered more than most, especially this past week, down 10% compared to IAG / Easy @ 5%.

So is the Armageddon? I have to hope not but it is hard to see where the good news is going to come from to boost this up.

GLA.

Well, Stupmy, hope you are keeping you rattle in the playpen.

Now we truly are where we are - wherever that is. I do know that I am where you are - partly because of you. - sitting on some cash ready to buy back if it falls, as it has done every time I have stood strong and assumed it would keep rising - hence how I have some at £5.60. Oh, I remember how I was convinced it was going to keep going up then - only to plummet an hour later.

So where will this week go now? Fall as we expect and want/fear or rise as we want / fear. Ask me Friday.

So Stupmy, "we are where we are", as some people like to say.

Yes, I joined you after all, believing this is the top of the trading range and hoping to average down a bit because I need to make some cash trading.

Will we be proved right and it drops yet again? Or is that breakout we have been hoping for?

As usual, it will be a day or two before we know for sure.

Good luck with the risk Stupmy.

I was going to do the same but don't really have enough to sell at a profit to care about 2%-3% gain if it goes to £5.25 - besides I find it so stressful waiting and willing it to fall.

Of course I suspect it will, although perhaps not for a few days.

But I would need it to go back to £5.10 to make it worthwhile and I praying it doesn't do that again.

Thanks for these clarification Mike & Stumpy.

It seems to me that Shorts were a big worry just days/weeks ago but now,

if you guys are right, they are no problem at all.

I sold some this morning worrying that the Shorts might drag TUI down somehow,

but now I'd better buy some more today.

Anyway know which way the shorts are moving.

A few days ago someone thought they were 6% or less and going down - but the next thing I read said 8%.

Surely they must be a little concerned not about TUI moving up?

Or do they know something we don't and still expect it to sink below £5?

All help welcome. thanks.

So it that it?
We'll stay at this level until Monday. No volatility today?
No chance to buy more? or sell some?

Ah, Finch, experience tells me that I know nothing.
So, no, I have no idea about a new bottom.
The jump up yesterday afternoon leaves me hoping that someone knows something good.
I am in at av. £2.50 and, like you, "feel" this should be higher, obviously.

Hi Karl, I agreed with your analysis about finding a "base" - which I guess you meant as "bottom".
Alas, now we seem to have found a new "bottom" - or are we still heading down to find a " new new" bottom?
We are at the lowest since January 2022 when it was £2.00 - Is that where we are heading now?
Down from £4.00. I don't see any rational for that. The company seems sounds.

Thanks for the thoughts, Jimini. As usual I can't disagree.
Indeed, I am embarrassed to be found still on this board as we were discussing getting out at £1.50 - when was that? Seems like only yesterday. But I didn't jump and now I have been trapped, straining against every drop thinking that this must be the bottom.
But now we have the mention of "could include a potential Equity issue." Meaning? OMG who knows.
At least I am out of Tui - their rights issue slit some throats today. Have to hope SDRY can manage better than that.

The best we seem to be able to say for now - the only think that we know - is that we don't know.
Oh, and that this price is devastatingly far below what most of us on here need.
Why did JD have to tack on that last nonsense about an equity raise - possible. So vague. And alarming.
Yet the brand just got a $50M gift with great future prospect. Doesn't anyone believe Liberium even a bit?

Good to have you back on board again R/E, I have been hoping for some sage comment from someone.
I feel the same about JD's stock purchase - subject to the questions I raised about it earlier that no one answered.
Good to hear a new range looks positive.
FTSE 100 in record territory of course but much of the world seems to be sinking and we seem to be more aligned with those problems than BP's fortunes.
Fingers crossed for this week.

Just as with the confusing RNS, we are left asking what does this mean? Often a CEO buying shares suggests he means to take over the company - and the shares go up. As per TESLA.
But is that the case here? I for one have no idea. All clues welcome as to the significance of JD's purchase.