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11-08-2017, 01:21 PM
#12021
Originally Posted by Beagle
Agree...selloff of 4% looks a little overdone relative to all other airlines I follow which are generally down 1%. Welcome back mate.
no plenty downside left , that how cyclicals blow
one step ahead of the herd
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11-08-2017, 01:25 PM
#12022
Eval conspicuous by his absence
Probably maxing out the margin account and topping up at these level ..like he did at 320
Last edited by winner69; 11-08-2017 at 01:34 PM.
”When investors are euphoric, they are incapable of recognising euphoria itself “
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11-08-2017, 01:34 PM
#12023
Originally Posted by bull....
no plenty downside left , that how cyclicals blow
Nothing to do with being cyclical atm, Geopolitical tension causing the sell off, and if war breaks out, the whole market will turn to custard, cyclical or not.
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11-08-2017, 01:34 PM
#12024
Originally Posted by bull....
no plenty downside left , that how cyclicals blow
QAN up 1 cent as I type and all the American carriers down overnight, (all those companies also cyclical airlines subject to the same geopolitical risk with North Korea that seems to be concerning some) about an average of 1% only. 4% drop by comparison for AIR in the short term looks a little overdone, just saying.
Last edited by Beagle; 11-08-2017 at 01:35 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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11-08-2017, 01:45 PM
#12025
Banned
Jumping in at $3.10. Trump - Un rhetoric will be gone over the weekend.
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11-08-2017, 02:13 PM
#12026
Originally Posted by Fatboyj
Jumping in at $3.10. Trump - Un rhetoric will be gone over the weekend.
Possibly along with Guam?
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11-08-2017, 02:34 PM
#12027
Originally Posted by couta1
Nothing to do with being cyclical atm, Geopolitical tension causing the sell off, and if war breaks out, the whole market will turn to custard, cyclical or not.
Yes as you say there are negative factors in play against the global airline business....Couta..Cyclicals (airlines) are very sensitive to economic conditions and become volatile, so you have to add that as another factor for AIRs recent market correction too...Recent NZ data show a slowing of NZ economic growth greater than the RBNZ expected + the RBNZ fired a warning shot of a possible intervention to lower the NZ$ (markets don't like this uncertainty)...The NZ$ TWI dropping 2% in the last few days may not help the cause either..
Its not only airlines...Have you noticed the sudden emergence of cheap specials for cruise ships and peak holiday-time accomodation...It seems suddenly the holiday/travel market has gone soft..
Could be a temporary thing... but who knows...
Last edited by Hoop; 11-08-2017 at 02:35 PM.
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11-08-2017, 04:22 PM
#12028
For what its worth I think the $799 special return fare to LA is just a temporary thing as American Airlines re-launch their service there in October. Normal pricing resumes tomorrow. For those that want take advantage apparently AIR are also doing a $749 fare only through Flight Centre and that deal also expires today.
AIR SP overreaction this morning was too tempting, topped up a few, (be greedy when others are fearful) Warren Buffett.
Last edited by Beagle; 11-08-2017 at 04:25 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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11-08-2017, 04:48 PM
#12029
Originally Posted by Fatboyj
Jumping in at $3.10. Trump - Un rhetoric will be gone over the weekend.
Hope you got tens of thousands of them mate
”When investors are euphoric, they are incapable of recognising euphoria itself “
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11-08-2017, 04:52 PM
#12030
Originally Posted by Beagle
For what its worth I think the $799 special return fare to LA is just a temporary thing as American Airlines re-launch their service there in October. Normal pricing resumes tomorrow. For those that want take advantage apparently AIR are also doing a $749 fare only through Flight Centre and that deal also expires today.
AIR SP overreaction this morning was too tempting, topped up a few, (be greedy when others are fearful) Warren Buffett.
This is on point..it was all expected...good buying to be had on the fares..especially the few school holiday tickets offered for next years april school holidays... also purchased back in after my stop loss sold off on holiday..that worked well..more good luck than management, oh well take the breaks...
As an aside, there is certainly tourism growth potential still in NZ, just needs to move away from the current Auckland centric focus..
https://www.stuff.co.nz/business/955...ers-and-planes
Statistics show an international visitor who flies into Auckland will spend just 1.5 days in the South Island, compared with 7.5 days if they fly direct into Christchurch, which is why the growing China connection is so important.
Last edited by Raz; 12-08-2017 at 07:44 AM.
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