You should have waited and grabbed yourself a nice divvy :cool:
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Parking money in an Airline stock and hoping to protect capital? You should probably look at stocks like NZX etc. I parked it there for a few months and came out with 6% gain. Main reason was I thought the NZX had some upside and it isn't volatile. More than happy to park it one of the 4 banks stock also.
There are plenty of airlines with 10 across seating; Air NZ are trailing the pack quite considerably in adopting this seating confirmation. I have heard from a colleague in the airline industry that of airlines who placed new 777 orders around 75% have opted for 10 across in economy.
You might feel packed in and have every right to complain about that, however what would you say if the nine across seating configuration was retained by fares increased to compensate?
It's a tough call for any airline to make.
Planes nearly full wherever he flies in N.Z.
Reserve bank are absolutely mad putting up interest rates again, many of the provinces are already struggling.
Real estate coming off its peak.
...Comments from the GM of one of the Australian owned real estate companies in a meeting I had with him this morning.
http://www.nzherald.co.nz/business/n...ectid=11298937
US Airlines flying high on better earnings
"I think it's a watershed moment in the airline industry where you have the largest four carriers returning cash to shareholders," said United Continental chief financial officer John Rainey.
"This speaks volumes about how this industry has changed, how it's de-risked the business, and the sustainability of the earnings going forward."
Current price is turning into a real disappointment for me. I see really good value at $192.5 but soon if the recent decline continues I will have to face the awful decision as to whether to action my own stop loss.
Is this market bloody frustrating or what !!!!
Moosie is more bearish than HSBC on the NZD..
Zero mention of dairy or housing-OCR relationship means HSBC is proably wrong.
http://www.interest.co.nz/currencies...llar-years-end
Went to town and did the shopping and when I came home owned AIR at 192.
Ah well...fingers crossed, at least there is a dividend.
Good luck all.
RTM
I went to town two years ago and said to my dad that the govt. is't going to sell AIR for 90c when it's worth more like 1.50 . So started buying in at the bottom of the down turn ...1.03 .89, .88,.90,.88,.845,.875, then sold them at $1. Then thought sh.t they are still going up , so bought them back again at 1.04. This is crazy, then sold at mid 1.30's and bought Snakk. Big mistake.