You might be right bum on seats..but i don't think it would be $1.50 otherwise it will be BBBA ...beagle busy buying again!:D But I think it will go sub $2 before it goes up again...
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Sub $2.00 would be a fantastic price to buy in at. I can't imagine it getting that low but if it does I'd certainly be buying a few.
You are a smarter and wiser individual than I - back then I was pretty much just starting out in the market and didn't give AirNZ a second look. Hindsight being a wonderful thing I now see the error of my way....
Yeap I got some on board at just under $2...anything around that level or even slightly above is tremendous value.
I have a good sized allocation already but the prospect of a bargain basement price again would be too tempting to resist.
The problem with waiting until under $2 is it might not get there and one misses the great opportunity that already exists. The way I see it, (barring some major exogenous shock) the trading range is $2.00 - $3.60 so we're already in the lowest quartile of that range and the shares are already very good value in my opinion.
$2.00 - $2.40 to me is the real BUY zone, if it temporarily goes under $2, its HAMMER TIME !!!
The chart says a bottom might be in, but with the DOW shedding 460 points on their Friday, one might expect a rethink on Monday our time. I can't see anything fundamental that says the rout is over for AIR, so best maybe to keep an eye on sentiment and play it as it unfolds. Patience. Easy to say, hard to do.
As Air New Zealand’s profits slump to a five year low it would not surprise me to see the share price slumping to a five year low
Seems a rationale thought