AIR - Air NZ.

[skid]

I remember putting a post not so long ago saying I didnt think it would hold above $3--To be fair,looking at where we are now,I personally think it may be time to take a good look around. Management deserves a good slap for handling the selling so badly,but realistically ,this kind of carnage is more common to a major profit downgrade (not the small change that was predicted)or some disastrous court battle or calamity.
New Zealand is a country of polarization in many areas.
Im going to go out on a limb here and guess that given a bit of time(2-3 weeks?) this is going to start to blow over and fundamentals are going to start to build the SP again. I reckon the $3 ship has sailed for a good while and those that got in at $2.70 are going to have to wait a good while,but my GUESS is that those who jumped in ,in the lower $2 range will regain their investment.
--Since many have ventured guesses ,thought I might as well throw mine in.
Of course the smartest are those who wait for the upturn to establish itself and if things go to plan they could be in for a good time.
Most likely going for some sort of punishment for whats happened will be a long shot and more than likely will prolong the hinderance of a recovery---IMO.....Good ole cyclicals and market behaviour

[Beagle]

I remember putting a post not so long ago saying I didnt think it would hold above $3--To be fair,looking at where we are now,I personally think it may be time to take a good look around. Management deserves a good slap for handling the selling so badly,but realistically ,this kind of carnage is more common to a major profit downgrade (not the small change that was predicted)or some disastrous court battle or calamity.
New Zealand is a country of polarization in many areas.
Im going to go out on a limb here and guess that given a bit of time(2-3 weeks?) this is going to start to blow over and fundamentals are going to start to build the SP again. I reckon the $3 ship has sailed for a good while and those that got in at $2.70 are going to have to wait a good while,but my GUESS is that those who jumped in ,in the lower $2 range will regain their investment.
--Since many have ventured guesses ,thought I might as well throw mine in.
Of course the smartest are those who wait for the upturn to establish itself and if things go to plan they could be in for a good time.
Most likely going for some sort of punishment for whats happened will be a long shot and more than likely will prolong the hinderance of a recovery---IMO.....Good ole cyclicals and market behaviour

Agree with most of what you've said, especially the highlighted part.

[Nasi Goreng]

We might get an up day today. Pretty big volume too, does this mean the big players are starting to bite at these low prices? Time to cover shorts and get in on the rebound.

[couta1]

It appears the tide is on the turn, big volume through, perhaps big sellers finishing up (We live in hope) VWAP at $2.05 so if it closes above that, that's positive.

[macduffy]

It appears the tide is on the turn, big volume through, perhaps big sellers finishing up (We live in hope) VWAP at $2.05 so if it closes above that, that's positive.

Yes, recent experience reminds us that AIR is a great trading stock, but.............



Reminds me of the old market story:

Three investors are engaged in a discussion on the status of financial markets in a famous steak house in the Big City.
At one point a knife falls off the table and plants itself in the foot of one of the men (of course, they're all men).

Clearly hurting, the guy asks his neighbour: why didn't you try to catch it?
The second investor responds: I am a technical trader. We avoid catching falling knifes. Why didn't you move your foot?
The first investor responds: I am a fundamentalist. I didn't think it would drop so low.
He looks at the third investor who responds: I am a contrarian. I had my hands knee-high in anticipation of the bounce, but it didn't.

[winner69]

THose big trades at 205 signalled the bottom

All up from here ...... bring on 3 bucks again


So 33% down but 50% up - yippee

(and then we can through the cycle again)

[Gizzajob I can do that]

http://www.findata.co.nz/News/454663...alia_Stake.htm

[Beagle]

http://www.findata.co.nz/News/454663...alia_Stake.htm

Welcome to the forum and thank you for the information which is much appreciated. Really I think if management were taking a proactive approach towards complete transparency is it incumbent upon them to keep the market informed that at the very least there has been good enquiry from interested parties about AIR's stake in VAH. I would hasten to add that I specifically asked this very question of T.C. last Thursday and he wouldn't even tell me if there had been good interest or otherwise. How is it we learn more from this Bloomberg article than the company itself is prepared to say ? Its a very frustrating time for shareholders and in my opinion the level of transparency from AIR's management is very poor.

[Master98]

Welcome to the forum and thank you for the information which is much appreciated. Really I think if management were taking a proactive approach towards complete transparency is it incumbent upon them to keep the market informed that at the very least there has been good enquiry from interested parties about AIR's stake in VAH. I would hasten to add that I specifically asked this very question of T.C. last Thursday and he wouldn't even tell me if there had been good interest or otherwise. How is it we learn more from this Bloomberg article than the company itself is prepared to say ? Its a very frustrating time for shareholders and in my opinion the level of transparency from AIR's management is very poor.

Generally government owned company transparency always is a problem, hopefully bring us a good outcome from the sale of virgin stake before the end of next month.

[Hectorplains]

http://www.findata.co.nz/News/454663...alia_Stake.htm

Trouble is, Yosser. Branson talks a lot but he doesn't say much.