AIR - Air NZ.

[skid]

a close call for Singapore Air

[sb9]

I made my first investment in Air NZ today. Even if the stock does go down a little bit more over the next couple of days, I'm still happy with my entry point.

Ditto here, dipped in my toes today. I'm guessing the downside from here bit low in my oipinion, but who knows another day of trading maight changes that view. But happy with my purchase though, couldn't resists the temptation of FY divvy plus any special sweetener...

[workingdad]

Right on close that 300,000 odd shares dropped kinda killed AIR today but I think the bargain hunters will be out more tomorrow once the U.S. Markets have a chance to bounce back a bit. Can't see the 2.02 resistance being broken with today's markets so far mostly showing some stability. Tempted to give it a nudge again.....

[stoploss]

Right on close that 300,000 odd shares dropped kinda killed AIR today but I think the bargain hunters will be out more tomorrow once the U.S. Markets have a chance to bounce back a bit. Can't see the 2.02 resistance being broken with today's markets so far mostly showing some stability. Tempted to give it a nudge again.....

2.02 would be support if it was below the market , just like significant resistance around the 3.00 mark ....

[JohnnyTheHorse]

http://www.marketwatch.com/story/eas...nty-2016-06-27

Profit warnings in the airline industry - a one off, or a sign we are at the top of the cycle? Lets see what the XAL does overnight (speaking of which, looks like it has broken downwards from an ugly head and shoulders).

[Baa_Baa]

http://www.marketwatch.com/story/eas...nty-2016-06-27

Profit warnings in the airline industry - a one off, or a sign we are at the top of the cycle? Lets see what the XAL does overnight (speaking of which, looks like it has broken downwards from an ugly head and shoulders).

$XAL gapped down to open, currently 76 going into the close and global indices off the pace again overnight. With AIR sitting on $2.025 support it'll be a brave punter buying here.

[Raz]

$XAL gapped down to open, currently 76 going into the close and global indices off the pace again overnight. With AIR sitting on $2.025 support it'll be a brave punter buying here.

Yes this will be the test to see if we can buy in real cheap.

[janner]

Yes this will be the test to see if we can buy in real cheap.

A vote of confidence as the world markets crumble ???

Hahaha..

It had to happen.. Brexit is just the excuse for Bankers positional change.. IMHO.

[Beagle]

Yet another Briscoes type sale today...hey it works for them having a sale on an extremely regular basis so it can't be a bad idea...but something occurs to me. Despite a little insider birdie telling me that most flights to Queenstown have been up gauged to A320's and despite a massive increase in seat capacity into Queenstown including new night flights you hardly ever see a good sale deal from Auckland to Queenstown. They don't seem to discount what they don't need too which is kind of frustrating really but I suppose its good for our shares. Good the shares have found support at around the net tangible backing of the airline, projected as at 30 June 2016.

P.S. Hands up who thinks AIR did well selling VAH now !

[Raz]

Yet another Briscoes type sale today...hey it works for them having a sale on an extremely regular basis so it can't be a bad idea...but something occurs to me. Despite a little insider birdie telling me that most flights to Queenstown have been up gauged to A320's and despite a massive increase in seat capacity into Queenstown including new night flights you hardly ever see a good sale deal from Auckland to Queenstown. They don't seem to discount what they don't need too which is kind of frustrating really but I suppose its good for our shares. Good the shares have found support at around the net tangible backing of the airline, projected as at 30 June 2016.

P.S. Hands up who thinks AIR did well selling VAH now !

Well I'm happy they are out of VAH short term, long term think may lose strategically market share/growth without VAH. Can't have it both ways... Sales are often for low load factor days coming up... I do find its ironic those not time poor and independently flexible on flying get the cheap airfares. Often these people don't have to work, and are often the wealthy ones:-)