AIR - Air NZ.

[OldGuy]

its a shame that the predictive power of TA is generally so low, otherwise I might have actually read your post!

[workingdad]

I sold out circa 2.39 yesterday. Gave back the market a fair chunk of my gains this year and licking my wounds a bit.

I hung in there for as long as I could but when bourbon doesn't soothe the mind I had to do what felt right at the time - guess that makes me a weak holder and another shaken lose.

I still have thoughts of AIR being worth a lot more than what it is trading at but the sentiment just isn't there and I took a chance thinking it wasn't a strong recovery. My intention is to try to pick the bottom better this time and perhaps even recover the loss but at least I am avoiding losing any more in the meantime which judging by today has been a reasonable call but only time will tell if it is sustained. Either way I can come back in on the way back up and still be better off if its below the 2.39 level.

Re the email to investor relations I got a reply saying they will get back to me as the person has been out of the office.

[skid]

if you want to do the glass half full--This is fabulous compared to what could have happened with the price fixing problem.

You are not alone WD--theres a whole crowd of us--its just a matter of degrees

[vin]

Ahh well, I'm just going to sit on my holding for the next couple of years. Decent dividends coming my way, I'll ride it out.

[dobby41]

if you want to do the glass half full--This is fabulous compared to what could have happened with the price fixing problem.

It was never going to be $8billion!

[sb9]

It was never going to be $8billion!

Could've been a whole lot more though (than what they paid $52ml)...

[Mickey]

I sold out circa 2.39 yesterday. Gave back the market a fair chunk of my gains this year and licking my wounds a bit.

I feel your pain WD and everyone must follow their own strategy - so nothing wrong with what you've done as it's your decision.

Here's how I'm approaching it. I have about 8-10 years before I need any of the money I've invested in shares - possibly longer - so while I don't like seeing the price so low - I'm not losing sleep.

There's a couple of Buffet quotes I use as guiding principles:

"Rule No.1 - Never lose money
Rule No.2 - Don't forget Rule No.1"

The other is:
"Unless you can watch your stock holdings decline by 50% without becoming panic-stricken, you should not be in the stock market."

So, for me - as long as my timeframe permits and those 2 principles hold true - I'm holding and possibly accumulating once there's a change in direction. And there's also the dividends....

All the best to you.

[mayday]

looks AIR a bit oversold now, I will take a risk by buying a small parcel (not for long term holding though )

[BIRMANBOY]

As much as I hate to mention this term....

Good news, the bottom has been found and now its up, up and away! (fingers and everything else crossed as I am now 0.5 of a cent in profit excl brokerage lol)

[workingdad]

looks AIR a bit oversold now, I will take a risk by buying a small parcel (not for long term holding though )

I think there will be a bounce but not sure how long it will hold. Just on closing some large orders being placed with some big aftermarket trades going through around 2.295/2.30.

Perhaps this 2.27 support level is going to be hard to break through.

Monthly operating stats out next week maybe which could be good for AIR.