Just when AIR finally gets to some sort of inflexion point China has a Kublai Khan moment. So a break through is still so near and yet so far price wise...... reminds me of that soap that had a trailer that said"like the sands of time through an hourglass; these are the days of our Airlives"....
Last edited by Joshuatree; 05-01-2016 at 12:34 PM.
S/P has got to $2.98 ! . This is looking promising for a breakthrough; 4th time lucky ? ......Albeit on light volume but on a mkt down day.What do you see Hoop ; chartists?
Last edited by Joshuatree; 05-01-2016 at 02:48 PM.
Reason: Breakthrough rather than breakout
Air NZ doing a fantastic job progressively repurposing an expanded ecosystem by laddering up new routes which can only amplify cash flows to unprecedented levels,
Whether its $800m or $1 billion earnings this year Air NZ will be embarrassed by the amount of cash they have generated - potentially 70-80 cents a share, after capex as well. That's operating cash flow well in excess of $1
What will they do with it?
And the share price languishes under $3 ...go figure
Last edited by winner69; 07-01-2016 at 01:45 PM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Air NZ doing a fantastic job progressively repurposing an expanded ecosystem by laddering up new routes which can only amplify cash flows to unprecedented levels,
Whether its $800m or $1 billion earnings this year Air NZ will be embarrassed by the amount of cash they have generated - potentially 70-80 cents a share.
What will they do with it?
And the share price languishes under $3
Can you imagine the headline and the public outcry's how they are being ripped off.....
$3 is certainly a resistance but it doesnt mean that it will automatically race off if it gets there--Everyone seems to be convinced of this, but im going to go out on a limb and say it could easily go to $3.01 as still fall back.
It could of course go higher but the point is you cant really count on the magic $3 being the end all (unless enough people with lots of money think it is)
S/P has got to $2.98 ! . This is looking promising for a breakthrough; 4th time lucky ? ......Albeit on light volume but on a mkt down day.What do you see Hoop ; chartists?
Hmmm...Life's not a perfect world...For the chartist AIR is being a bitch.
I had a brain fade and decided to buy in a while ago and sold out in frustration with a meagre profit..
Honestly cyclic stocks late in their cycles give me the hebe jebes...They are great winners but also great losers for investors..the secret of success is buying in at the bottom of their cyclical cycle..
Using FA tools to enter on mature cycle cyclicals ???...History shows multiple examples of cyclical/fundamental investing disasters..I used AIR during the 1998 -2002 as an example on this thread last year..
Also to remember is that AIR has gone from 85c to near $3 in 3.5 years (previously (not shown on Chart) AIR spent 4 years (Oct 2008 - June 2012) bouncing around on its bottom end of its cycle)......Therefore we are not buying in at the bottom of AIR's cyclical cycle
What we don't know is whether AIR has reached it's top end of the cycle...
Does the chart help make a decision to buy???
Medium term chart with default indicators shows conflicting signals...TA indicators perform poorly when a share price is non volatile and hover within a 10% trading range for months on end..
There is a definite resistance area at the psychological $3 and the $3.10 chart resistance...Entering into a stock near its major resistance level is risky
Being a TA chartist...AIR is not playing my game so I'll keep out until there's complete breakout...
2 Things to remember ..Don't be greedy and pre-empt a buy in... and.... Patience is a virtue
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Originally Posted by Lewylewylewy
. So a break through is still so near and yet so far price wise...... reminds me of that soap that had a trailer that said"like the sands of time through an hourglass; these are the days of our Airlives"....
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