Originally Posted by
Maxtrade
To put it in perspective and remind us all AIR NZ has Billions of dollars of debt, ever increase operating costs, elevated ticket prices which will affect continued travel, a global fuel crisis to contend with, yet punters still somehow hold onto this presumption that the company is a good investment and will somehow magically be profitable in the near future. The SP should, and likely will after a relief rally retracement, meander around the CR 0.53 at best. At least until the books can see some light at the end of what is still currently a very long dark tunnel. Opening of boarders is not the magic cure at this point. Be cautious and prepared for a relief rally to fail and 0.53 to be retested. Buying in on FOMO seeing a small run up catches those snoozing when profits are taken off the table by larger volume traders sending it spiralling back down again. Then repeat the process and they double their gains on the second run up again.See it often. Still huge issues the Airline faces. But hey jump on board and take a nap in the new sleep pods, to distract us from the real problems AIR is facing. Surprised those that are willing to throw their money in already on this minor relief rally currently. Optimism in a negative market, with rocketing interest, inflation and cost of living. Yet somehow people will simply be able too afford air tickets at double the cost. Doesn't make much sense does it.