Jet2 Share Discussion Threads

[snorkelparker] 30/11/2020 10:01

Exited all Saga speculative cfd positions last week, not sure on the price action there. So just less than half of original holding from 1.36 purchase

[snorkelparker] 30/11/2020 09:59

Morning Tong, as you know I'm a Jet2 bull but strange we should find ourselves at different junctures.. I'm contemplating continued reduction on the thoughts that it has got ahead of itself and due a pull back and possible consolidation at lower levels.
Struggling to see where news is coming from that could give the stock the next leg up. I see what your saying about volumes and down days and yep it's well supported on the current dips. But has not been tested on any negative news at these levels yet.
Having cash in the bank feels comforting and would really like lower levels to deploy it into my favorite company. :)

[tongosti] 30/11/2020 08:57

Morning all - seriously considering adding again but only if we we start moving towards 1430. Past this level my hunch is on a very sharp and rapid exhaustion move. Someone once mentioned here JET2 hasn't been easy money the year. Laughable - moving 1800p south followed by 1200p north has been THE opportunity of the decade in JET2 shares. Good week all.

[davidosh] 29/11/2020 01:05

As Castleford Tiger is appearing on the MelloMonday show on Monday evening I suspect Jet2 will get a mention as it appears to be a company he is associated with as an investor.



If any of you would like to join the evening webinar which is very popular and has eight sessions including one with well known investors Castleford Tiger from Advfn and King McKong from the old Motley Fool days....just enter code MMTADVFN50 to obtain a half price ticket.

[tongosti] 27/11/2020 22:45

It all boils down to one's preferred timeframe. If short term is yours, then - by definition - your system should react very quickly to your scenario as things change. If short term is not your thing - then that will be a bit more challenging.

[senn1] 27/11/2020 19:34

On the vacine

At moment it's unproven And not a sole knows how long protection lasts for

Where will Airlines the world be if it only last week's months before folks start coming down with it again. if that happens then what??

[tongosti] 27/11/2020 14:04

That’s correct. Sellers were all done between 300-600 where the proverbial crowd threw in the towel. Since then this has been the most unloved rally (doom and gloom became the mantra of former bulls) in JET2 shares that I can ever remember. That’s why we expect another major thrust as demand-supply profile is still heavily unbalanced. After the Pfizer catalyst day (9 Nov) there have been only 3 down days. All three in underwhelming selling volumes. What's been most interesting is that - if one isolates only those three down days - they have been marching up where the next low has been higher than the previous one. Very rare occurrence following any sudden +25% thrust. By my own calculations, that happens about 2% of the time only. Who says Mr Market is not good at letting us know in advance where the odds lie?

Good weekend all.

[snorkelparker] 27/11/2020 12:13

looking good not too many sellers out there ..just marching up..

[tongosti] 27/11/2020 10:41

1450 next immediate target gents.

[tongosti] 27/11/2020 08:55

Morning all - think JET2 is getting ready for its final thrust North

[tongosti] 26/11/2020 16:34

Finished the day like a champ. Phenomenal price action.

[tongosti] 26/11/2020 12:00

Good luck pal.

[snorkelparker] 26/11/2020 10:48

13.4 all filled now..sit on my hands for a while

[tongosti] 26/11/2020 10:31

Without a shadow of a doubt that area should be the final destination as the business will then have a lot to live up to. At that stage the game should be only on the short side. Let's cross that bridge if and when we get there pal!

[snorkelparker] 26/11/2020 09:54

If we get 17 quid in the next few weeks..im selling totally out. Despite my bullishness that will just be a step to far ..

[tongosti] 26/11/2020 09:47

Missed your earlier post on our politicians - ah yes that's another X factor we all have to worry about!

[tongosti] 26/11/2020 09:44

Time will tell indeed but my view is that the final destination should be around the £17 area. I am quietly confident for reasons I have explained here before. Clearly, I can get this final leg of the journey wrong hence I rely on my stop to bail me out.

[snorkelparker] 26/11/2020 09:39

Yep Tong,

I'm just not sure if the final short term leg up was to 14 quid, time will tell..

[tongosti] 26/11/2020 09:28

Snorkel Very good points re vaccine - I concur. Re next entry point on the long side - in my view, these levels may not be best suited for one to go big. That is because reward to risk profile has deteriorated significantly the further up in space we have travelled from those 600+ levels. Clearly, if we crash about 500-600 points from here (low probability, in my view), then yes, that could be the time to have a much bigger exposure and we can forget about the above argument. As I have posted here previously, think we will see another final leg up and then rest for a long while (so that fundamentals can really start to catch up with market's expectations re future business performance).Under the circumstances, sitting on cash is a major position and a wise move. It gives us all time to obtain some perspective and keep the powder dry for the next available trading opportunity.

[beachbum1978] 26/11/2020 09:20

From a sentiment point of view and being in the industry, people always find money for a holiday, survived every recession well and 9/11. Travel never dies and J2 in the strongest financial position, and food management they flex incredibly well

[snorkelparker] 26/11/2020 09:04

Yep agreed Tong..

I'm trying to pick a point where this market will give a decent entry for a big buy ..

I sold a lot, now down to a pretty low historic stock holding level on the basis that a lot of good news on vaccines has soaked up. Now the reality of how delivery of the vaccine is going to work and the potential neg news that might surface on vaccine side effects etc..

It's a double edged sword for me..losing money on what I hold now hoping to get a lower buy for the longer term.

Sitting on Cash now

[tongosti] 26/11/2020 08:38

Stop at 1250 Snorkel. My sense is that we're being pulled down by the wider markets and we still shouldn't go to my stop but if we do I will be out there and then without thinking twice. Still, odds are we wouldn't go another 100p from current levels.