I looking for a flag pole to form from here
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Looks like Roger been banned
Won't be joining us with the celebratory drinks when $3 reached
Great to see a healthy acquisition of 423K shares to the CFO's holding, bringing him up to 713K ordinary shares :)
"My" Bat appeared right on cue at $3.00 some months ago. It duly flew the coop, to the disbelief of several vocal supporters. I then said AIR would find good support around $2.25. It did find support a little above that level.
Those were my only two posts on AIR, as some people like an occasional injection of TA harmonic 'claptrap' to counter the rampjets
I haven't looked at a chart for ages, but might have a peek later.
Later....
Looking forward to your harmonic TA Injection like a zephyr laden with the scent of freshly mown grass to cover that of what doggies have been doing.:t_up:
One thing I have learn't in these past 43 years of holding cyclical shares...... one sniff of doggie doodoo mixed with lawn clippings and I'm gone..
Holding cyclicals well away from their cycle bottoms scares the hell out of me me..cyclicals are dangerous share investments and when their PE Ratios fall to very low levels they can become scary.....
As fundamental analysis is often useless for cyclicals around their tops of cycles there is a FA lure that sucks in new investors like moths to a flame...When it comes to Cyclical stocks observing tea leaves can be just as reliable as FA....so Fibonacci using number simulations and % patterns to gauge animal instinctive behaviour (harmonic trading discipline) can't be any worse..
As crazy as it seems ...Evidence has shown when using FA, often the best buying opportunity for cyclicals is when the PE Ratio is ridiculously high and the most dangerous time is when the PE Ratio is ridiculously low
Disc: Hoop has AIR shares
Luckily for you since the annual meeting the TA and FA is lining up very nicely. It crossed over the 100 day MA at $2.61 within 24 hours of the annual meeting so anyone who was quick enough to buy has some very nice unrealised gains in the last three weeks $2.96 / $2.61 = 13.4%. OTOH those that simply took the view on a fundamental basis a couple of months ago that Jetstar's entry of a few small aircraft they couldn't sell wouldn't really make much of a fundamental difference to AIR's earnings and outlook and bought going directly against the TA signals at the time and straight after that announcement at $2.40, have made $2.96 +9.5 cent fully imputed divvy = $3.055 / $2.40 = 27.2%.
I certainly prefer it when TA and FA line up and all signals say buy, but credit to those that simply took a fundamental view and had the courage of their convictions to buy against the trend and make twice as much.
Welcome back from the cooler Roger, Air thread dropped off the first page while you were away. Hey winner last trading day of the month to break $3:cool:
Good to see you back on the forum Roger, hopefully we see the magic $3 mark today and more importantly it stays beyond that.
Welcome back from ST Purgatory Roger :D...as you noticed I took advantage of the empty spaces on the AIR thread while you were away :D:D I helped to keep the price below $3 until you got back ;);)
Thanks guys. I think we'll need to be very patient for our entry to the $3+ range. We've got to clear out all the people that believe AIR is a cyclical stock and $3 in the proven top before that happens and that'll take quite some doing. I'm very patient though :)
http://www.nzherald.co.nz/business/n...ectid=11537455
Another feather in their cap :t_up: