Can we imagine AIR is $5 one day?:eek2:
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Air nz never actually traded at prices like $15.90 post bailout there was a major share consolidation. 5:1? This caused Google finance to multiply all pre-consolidation prices by five. It's not however like for like as a lot of new shares were issued at a low price in the bailout. If air nz were to trade at $5 It would have a much higher market capitalisation than the earlier price point now called $5.
Closed at a multi year high of $3.285. Warmest congratulations to shareholders who have had the courage to hold all the way from around $1.80 in late 2016 against an absolute barrage of sustained negativity on here at times. Disc: Has been my #1 investment position for quite some time and am sitting patiently waiting for the next very tasty meal service to come along in September (really enjoying the ride) :t_up:
Isn't it really weird how you never hear the TA people saying it looks really good on the charts now whereas on the way down TA people were more than happy to share their negative opinion really frequently...I must ask my psychologist friend to try and explain that strange phenomenon to me ?
From time to time people have pointed out the powerful uptrend, strong indicators etc Roger and a few have expertly entered at recent deep lows and ridden the now parabolic rise. But as the SP approached multi-year highs, being resistance, a TA would rightly call that out as a warning. A confirmed breakout (that's a run up from here, a pullback and back tested the breakout line, then off upwards again) would be what TA's are looking for. Otherwise buying now is just buying at a historical turning point range.
You must be very pleased...I could never sleep at night with such a "diversified" strategy but each to their own ! (I haven't sold any despite all the "expert" analysts opinions and other opinions on here saying they're WAY overpriced. Have you taken over as the new Couta1 mate :D