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#Gold #SP500 We simply will not fly Ryanair or EasyJet for fairly straightforward reasons. The budget airlines, with their “Pile ’em high, sell ’em Cheap” attitude have made flying an often vile experience. The worry is, we are utterly confident they cut corners at every legal opportunity, not least being the fact their cabin crew are not paid unless the aircraft is moving. This, obviously, creates a situation where the cabin staff are unlikely to note sobriety problems, unruly passengers now a frequent story on budget flights. Equally, aboard an aircraft sliding along the runway when landing at Bristol a few years ago, it was evident the pressure to get to the destination had encouraged the flight crew to land in dreadful conditions on an unsafe and poorly maintained airport runway. The entire industry (in the UK) has moved from “Best Practice” to “Cheapest Legal Practice”, making it difficult to summon any enthusiasm for their share prices. To be concise, this writer has not flown since the Easyjet incident.<\/p>\n
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It seems the market may not agree with our gut reaction to Easyjet and their share price performance, though it may be more to do with the current 4.7Bn pound takeover bid, rather than the thickness of their toilet paper.<\/p>\n
Above 542p should now trigger movement to an initial 571p with our longer term secondary, if exceeded, working out at 652p. This secondary is important with closure around such a level creating an “official higher high”, bettering the glass ceiling since 2022 and serving optimism for the market place. The funny thing, in a takeover situation, third level targets often appear which should be of benefit for shareholders. Nowadays, this is never our expectation and perhaps just above 652p shall be a reasonable hope for the future.<\/p>\n
For things to go as wrong as a Bristol Airport landing, the share price needs dip below 478p as this risks triggering reversal to an eventual 375p.<\/p>\n
On the bright side, we’re slowly edging up to the Austrian Grand Prix, usually one of the better fixtures with some seriously impressive camera angles. Hopefully the race proves more enjoyable than tonight’s Scotland\/Brazil footie match, the South American side letting the visually terrified Scottish team off lightly. Apparently, this was the 5th or 6th time Scotland has faced Brazil, historically their best result being a draw, when both sides presumably got bored and walked off to watch the grass growing.<\/p>\n
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