Tuesday, 3 February 2009

Airlines - something to watch

Took my first profit of £2.72 for the day..... ok you might think what is the point but I often do this just to validate my thoughts on movements. I don't have enough cash in my account to trade it but it is nice to know that I would have been right had i had the funds - and well it's all extra money at the end of the day really isn't it?

Ryanair of course yesterday shot up on the news that the last of their hedged oil contracts have now expired and hopefully should be returning to high proftability. I think they are a good long play although to reassure myself I want to see a good technical signal before I pile in.

The airline sector is a very interesting one at the moment and one that I am keeping my beady little eyes on.

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