Thought I did orright less than a week ago @ 2.58....and, in case anyone is worried, the fallback won't cause insolvency !
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Thought I did orright less than a week ago @ 2.58....and, in case anyone is worried, the fallback won't cause insolvency !
Don't worry. Did the same 3 or 4 years ago and kept on buying from $1.13c right down to about .87c, then it took off back up to over $1.80, it will go back up and all will be happy. Nearly bought some today but thought might wait.
its an ''either or situation'' depending on the SP---My main point is that we just (imo) cant label any buyers or sellers at this stage--Those weak holders may actually be ''brave (and smart)sellers'' if they buy back X more shares with the same dosh if it hits $2(on the way back up from less than that if your a chartist)---or they may be the weak(not so smart)if it rockets.
I suppose the real paradox may be between the fact that as it goes down one would think the odds increase that its getting closer to the bottom,but at the same time the odds (as you say)increase of holders selling into any rise,which makes it hard to get ''legs''
I dont think anyone would deny that the tide is going one way atm,but eventually it must turn--what stops the momentum?
My guess(and of course its just a guess)is that at this stage it will take some news like VAH or something.
At this stage -those who sold @around $3 and are just waiting for a confirmed turn are the real smart ones (thats not me--(I did the same as you,only at a cheaper price and still lost)
PS-From hoop on the TA thread
Chartwise.. the bull/bear line shows where feelings may reverse....If the price bounces off upwards the Stock stays in a Bull Market cycle (higher highs/higher lows) a bull market correction has played out and a bottom is set in place...
If the price falls below the bull bear line it means the bull market cycle may be over ..if the price falls to the next support $2.25 (an old support 2yrs) and bounces up (respects) this may not be a bottom as AIR could be in bear market cycle (lower highs/lower lows) and that support respect maybe temporary
You can see the whole thing on the thread (theres alot of valuable stuff) For reference 2.35 is the point he is referring to (bull-bear line)
Just stumbled across this---maybe we have been missing the bigger picture
http://money.cnn.com/video/news/2016...html?iid=V_Top
I just got told that air has hired more than 100 customers service staff recently
Hi Roger.
Remember this post?
http://www.sharetrader.co.nz/showthr...l=1#post610830
My prediction about scuba diving one of my better ones don't you think?
Anyway I thought a 2-monthly update might be in order regarding our wager on Saturday 6th March on which company's SP would gain the most percentage-wise over the next 6 months.
Vaygor1
RYM close 4th March $8.19
RYM close today $9.10
Up 11.1%
Roger
AIR close 4th March $2.74
AIR close today $2.30
Down 16%
So T1 bragging rights to me :D(T1 = 1st Third.... a welcome change from the old H1 and Q1).
Assuming RYM freezes at $9.10, AIR SP required to get to +11.1% = $3.04
When's the next ST meeting up our ways?
Put some thought into a double-or-quits option on close of trading 6th Sept which ever way it might end up.. hopefully a draw with both of us in the black. :t_up:
Ouch putting down 16% in red...that hurt like a dagger through my heart LOL. Gotta keep smiling...I feel a big opportunity developing here once the price stops falling. Yeah I remember mate and congrats on T1 result.. more than happy to honour the bet if it works out for you, just as well we didn't bet our private jets on it eh :) I reckon we should have another meeting in early spring, right after all the annual results are out so there's plenty of interesting talking points. Hopefully by then AIR will have sold VAH, SP recovered and a special dividend so I can afford the beer. Must admit a draw sounds much better though :D
forsyth barr has a new client only report. Anyone has it?
See tj's post a few days ago:
http://www.sharetrader.co.nz/showthr...l=1#post618666
You have been caught out by AIR going on a multi-year spending spree and dragging the fleet from over-aged to under-aged.
A Depreciation charge for FY2016 of $420m is reasonable.
The stay-in-business CAPEX to maintain the fleet at the same age and size is likely to be around $500m (because new planes are more expensive than the ones you bought a few years ago).
So a bonus issue is that you have a $80m profit on which tax needs to be paid.
But in addition there are Rental & Lease payments of, say, $190m which need to be paid.
So the total 'cost' of just standing still is around $690 + some tax.
[Op Earnings - Rental& Lease = EBITDA]
Best Wishes
Paper Tiger
Flew two weeks ago on Air Asia. ( Well you do have to try new things )..
Auck. - Kl. it was full. the service received was what was paid for.. Cheap.
Flew today HK. - Dubai. Emirates.. Service excellent. The aircraft was a dubious 1/3 full..
Competition is definitely going to hurt ....