Originally Posted by
skid
You think the virgin thing is bad,did you see the world debt meter in the upper left corner of the page!
Im surprised in a way that AIR has put a date it wants the deal done by--I would have thought that would weaken the bargaining position for selling,but maybe in other ways finalizing (sort of)might help.
W Dad,I was in the same mind as you when I bought--but it kept dropping--obviously at some point it will become oversold, but when is just a guess(no matter how many animals and cliffs are involved) the only thing we can say at this point is that those who used that line of thought (we both have used) but @ 2.70 came horribly unstuck so that doesnt really give much authority to speak in absolutes.
Of course no one knows for sure how this will play,but it will be interesting to see if those who called it, are right in their advice for re entry---theres a bit in the TA thread.
For those solely in to FA then there are a number of things to consider before trashing the revaluation----Oil is up--Kiwi dollar is up -alot of other airlines are down--Virgin--AIR earnings downgrade(why is there an earnings downgrade for 2017?)
On the other hand,even if we are throwing darts--Im sure someone will pick the bottom.