Originally Posted by
samdaman
Hey Roger, always love your posts on the AIR thread, keep em up. In relation to your post at #2207, I agree with you entirely especially that the "Fair" PE on air is around 11-12. I think AIR hasn't started it's next leg up for a couple of reasons.
1) People could be waiting on the Annual report for confirmation of the years earnings. To be honest I reckon take advantage of the prices now. If we're all so confident of an 11-12 PE and increased earnings then buying at these prices is potentially free money on the table.
2) The technical signs aren't pointing up at the moment (This doesn't mean they're down!). I hate to be the guy who brings technical indicators into it but a quick look at KW's post on moving averages could point out that after the fairly quick hike up of price the market is waiting for some more ducks to line up before pumping more money into the stock.
Give this one time in my opinion, I think there's definitely more upside than downside it'll just take some time for Mr.Market to realize.