If things get too hot re NK, then we may see, fright flight, to the deep southern pacific regions. However having said that both parties involved would have to be the biggest idiots on the planet to let it get that far...
Printable View
If things get too hot re NK, then we may see, fright flight, to the deep southern pacific regions. However having said that both parties involved would have to be the biggest idiots on the planet to let it get that far...
Do you know of two bigger idiots?
They're waving their trouser snakes at each other. Nothing is going to come of this but people are going to be spooked and sell like AIR yesterday. Great bargains could be had this week.
I guess the pattern looks a bit messy - but is it just me seeing a head and shoulders pattern emerging?
Attachment 9082
Discl: Don't hold, purely academical interest and quite relaxed about what the AIR SP might do from here ...
I think BP is drawing a very long bow calling that a head and shoulders. Classic head and shoulders a while back in 2016 as can be clearly seen from the long term chart.
SP still in a clear uptrend and well above 100 day MA which is approx. $2.95. C.L. to deliver the goods on 23 August and some people who are well positioned will be head over heels, including toes, knees and shoulders :)
Yes it is just you BP...You know there are pills available for that..:D.
But joking aside there is TA breakdown weakness atm. How long this will last who knows..We do know some medium term investors bail when their stops are triggered below the second support (3.30) and this could be the reason of the gap down last Friday.
After a 50% gain (not counting the Divy) in 4 months, a big breather (profit -taking) event should be expected ....eh.
Wait for buy signals..(turning of the tide)
Disc: have none
Can I release my seatbelt yet?:D Has the tide turned? Nice little gain for those who got some at 3.10c the other day.
I'm expecting the captain to turn off the seat belt sign and announce clear flying conditions next Wednesday and shortly after that the lovely staff will be around to serve you with a lavish helping of refreshments :) The beauty of AIR is they are such prompt payers of their dividends so soon after the announcement, coincidence with N.Z. Govt being the major shareholder or not ?, you folks be the judge.