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[montyhedge] 05/3/2020 12:04

Calm down, wait for the profit warning.

[1 nhs] 05/3/2020 11:59

LOOK FOR ANOTHER

YEAR OF THIS ::

WORLDWIDE



The Business Source
@GlobalTimesBiz
Retail sales of passenger vehicles in China dropped 80% y-o-y in February, the biggest fall in two decades, largely due to the #coronavirus outbreak, according to China Passenger Car Association

[smithys2019] 05/3/2020 11:49

Around, fully agree, but whilst media is in a frenzy, it’s a no brainer. Margin is set above 2-3 support levels worth of recovery. Still making losses in the dips, but it’s taking 75% of the sting out on the way down. As I say, will be closing as we approach the end of the session.

My main benefit is not having to fork out for commission and stamp duty plus other fees with IG. My strategy window is 5+ years and I’m purely managing the volatility at the moment.

I’ve noticed you usually see a small recovery prior to lunch as well in a heavily shorted market!

[1 nhs] 05/3/2020 11:40

One profit warning :

Try 10 then the banks will say keep it we have to much other junk ( property, cars, airlines, business) on our books !,,

[montyhedge] 05/3/2020 11:37

They got to update the market surely, how bad it's effecting them.

[dround87] 05/3/2020 11:35

Opposite of luk2. Although be careful! Leveraged ETFs have a deservedly dodgy reputation. Great short term when you're fairly certain on the direction. But stay away over longer periods.

[montyhedge] 05/3/2020 11:30

I really can't see how there won't be a profit warning, planes half empty and cancellations.2014 low 315p is my view.

[smithys2019] 05/3/2020 11:24

Also, people need to research the two strains of NCov. They are not the same. There are 2 variants going around, the one that is currently prevailing and spreading rapidly has much lighter symptoms for those not aged or infirm. The serious one has fizzled our much quicker as symptoms become apparent much quicker and results in isolation. Also worth pointing out the Mean time from exposure to symptomatic is 3.5 days. The 28 day to symptom was a single case and they aren’t sure that it wasn’t a result of exposure at a much later date. The facts of this virus stand diametrically opposed to media hysteria and current market sentiment.

[smithys2019] 05/3/2020 11:18

Different strategy today. Currently hedged on IG index through the day covering 75% of share value on leverage... will be closing around 3pm. I’ve noticed the shorters don’t like to stay open overnight, you usually see a bit of a recovery by the end of the afternoon. Thanks for the SUK2 reference, not seen that before and provides interesting market data in terms of where the consensus is.

[dround87] 05/3/2020 10:45

Suk2 today and tomorrow I reckon.

[hamhamham1] 05/3/2020 10:31

Where's ny boy and his buy of the decade?

[loganair] 05/3/2020 09:29

At least the first flight out of my local airport went this morning as it was the British Airways to London City,

[dround87] 05/3/2020 09:17

That's a mighty high horse you've got there.

[hamhamham1] 05/3/2020 09:13

Big down day across markets brewing imo

[montyhedge] 05/3/2020 09:10

I really think back to 2104 low of 315p. With bounces on the way of course, but it will get there.

[loganair] 05/3/2020 09:04

Looking at my local airports flight arrivals and departures board it has been decimated with over 50% of the flights Cancelled. This morning only 3 flight departures are left running.

[1 nhs] 05/3/2020 08:53

Over 50s travel and insurance business Saga warned today that coronavirus-inspired cancellations and low demand in its travel arm could hit its full year earnings.

The cruise ship-operator said it had seen a “higher level of cancellations for departures in the near-term and more generally a lower level of bookings for departures further out”.

It said its tour operations business had experienced an “increase in cancellations and suppressed demand in line with the industry”.

Saga said forward passenger bookings for 2020/21 were down around 20 per cent versus the prior year, “with a more significant impact in recent weeks


READS 50% 60% 70% 80 % SLUMP IN RECENT BOOKINGS

[fernandesb] 05/3/2020 08:44

Hi Careful,
Unlike many Idiots on this BB who are really only interested in money, you have written something that sums up the whole situation.This Virus is sometimes compared to the seasonal Flu which kills many people every year,but when you research this Virus and how it attacks the Lungs and other vital organs, you get an Idea of how serious the situation is

[1 nhs] 05/3/2020 08:38

Airlines are terribly exposed to slight changes to load factors.

Falling off a cliff = bust within weeks .

Costs can’t be adjusted fast enough

End of

[1 nhs] 05/3/2020 08:36

One profit warning a week is on its way as predicted

[montyhedge] 05/3/2020 08:28

I flying BA next week, first time ever I don't have to reserve seats for a fee, the agent said plane half full. I asked Customerservice if customers cancelling he said yes.If Coronavirus carries on, surely a profit warning coming.

[1 nhs] 05/3/2020 08:26

systems.
montyhedge5 Mar '20 - 08:18 - 10112 of 10113
0 0 0
For other airlines, I suppose good news if another goes bust.
But surely profit warnings coming, half empty planes and cancellations. They are strong enough to survive, but profits going to hit, I think IAG probably hit the worst.
1 NHS5 Mar '20 - 08:22 - 10113 of 10113 Edit
0 0 0
Hit !!

Your going bust

Do the sums

Let’s say 75% drop in passengers, split over all destinations, that constantly change.

Throw in sick crew and airport staff.

Then planes trapped in wrong country

The the LUTON HQ getting a slug of virus .

It’s a tiny operation

Then air traffic shutdowns



WAKE UP

[montyhedge] 05/3/2020 08:25

Don't be a idiot all your life, take a day off.

[1 nhs] 05/3/2020 08:24

Wait till gone bust

Protect your family