S/P has got to $2.98 ! . This is looking promising for a breakthrough; 4th time lucky ? ......Albeit on light volume but on a mkt down day.What do you see Hoop ; chartists?
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S/P has got to $2.98 ! . This is looking promising for a breakthrough; 4th time lucky ? ......Albeit on light volume but on a mkt down day.What do you see Hoop ; chartists?
Air NZ doing a fantastic job progressively repurposing an expanded ecosystem by laddering up new routes which can only amplify cash flows to unprecedented levels,
Whether its $800m or $1 billion earnings this year Air NZ will be embarrassed by the amount of cash they have generated - potentially 70-80 cents a share, after capex as well. That's operating cash flow well in excess of $1
What will they do with it?
And the share price languishes under $3 ...go figure
$3 is certainly a resistance but it doesnt mean that it will automatically race off if it gets there--Everyone seems to be convinced of this, but im going to go out on a limb and say it could easily go to $3.01 as still fall back.
It could of course go higher but the point is you cant really count on the magic $3 being the end all (unless enough people with lots of money think it is):)
Hmmm...Life's not a perfect world...For the chartist AIR is being a bitch.
I had a brain fade and decided to buy in a while ago and sold out in frustration with a meagre profit..
Honestly cyclic stocks late in their cycles give me the hebe jebes...They are great winners but also great losers for investors..the secret of success is buying in at the bottom of their cyclical cycle..
Using FA tools to enter on mature cycle cyclicals ???...History shows multiple examples of cyclical/fundamental investing disasters..I used AIR during the 1998 -2002 as an example on this thread last year..
Also to remember is that AIR has gone from 85c to near $3 in 3.5 years (previously (not shown on Chart) AIR spent 4 years (Oct 2008 - June 2012) bouncing around on its bottom end of its cycle)......Therefore we are not buying in at the bottom of AIR's cyclical cycle
What we don't know is whether AIR has reached it's top end of the cycle...
Does the chart help make a decision to buy???
Medium term chart with default indicators shows conflicting signals...TA indicators perform poorly when a share price is non volatile and hover within a 10% trading range for months on end..
There is a definite resistance area at the psychological $3 and the $3.10 chart resistance...Entering into a stock near its major resistance level is risky
Being a TA chartist...AIR is not playing my game so I'll keep out until there's complete breakout...
2 Things to remember ..Don't be greedy and pre-empt a buy in... and.... Patience is a virtue
http://i458.photobucket.com/albums/q...2005012016.png
and on the fundamental side--its about as good as it gets with cheap oil and NZ being the ''In'' place ATM (how much more upside is left?)
also theres the law of ''when theres a vacume ,it will get filled''(in other words when things get to rosy,a competitor will step in for some of the spoils.--(but I would have not guessed that ATM would get to these lofty heights .so who knows)
No-one has posted this yet, so thought I would put it here in case anyone missed it: https://twitter.com/Benyaminismail/s...719744/photo/1
If it is NZ (where else has millions of sheep?) I would expect expect the sheeple as Roger would call them to sell. Could this mean a decline from what has been a glass ceiling of ~ $3 or perhaps this is a buying opportunity for people wanting to top-up before the price takes off?
DISC: Not Holding.
Couta was the lover of "sheepie" as i remember it.
Hows the spreadsheet going kg be int to see it.
Why high oil prices are actually good for airlines - Yahoo ...
True he was my bad.
I have to finish it off & back to work tomorrow *sigh* - I haven't found any other concrete answers on costings though, so was really wanting to see a bit more info from Delta on that aircraft they bought & to see if any others cropped up. Will try and get it tidied up for some feedback shortly.
KG.
Oil headed for $20 per barrel??
http://www.bloomberg.com/news/articl...r-appreciation
Got to be good for AIR and NZR
http://www.nzherald.co.nz/business/n...ectid=11572572
It would be great if AirNZ had a code share on this!
Soooo close to $3 now. Was $2.995 a moment ago - just dropped back to $2.990. It will be interesting to see what happens if the threshold is breached. Will it be clear skies ahead as many on this forum believe, or will it continue to waver up and down?
Attachment 7796
Is this the start of a rocket upwards?