just pretty scary slumping down to 205 but then again, it seemed to support at ~205. I could see the volume increasing exponentially lol
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just pretty scary slumping down to 205 but then again, it seemed to support at ~205. I could see the volume increasing exponentially lol
I think anyone holding is probably pretty stunned by the speed and severity of the SP decline and I know all of AIR management are as of last Thursday afternoon when I spoke with Tony Carter and the price then was $2.27, only 3 1/2 trading days ago. Can't help wondering that they're thinking now. Things could get interesting if the NZX did a price enquiry couldn't they !
Management sellers would still rank amongst the retailers.
Whose monitoring the T20 to see where the real volume is coming from; ask and bid?
There's way too much volume for this to be the minnows, besides they probably exhausted now and the big money is shifting positions.
Find out who this is selling, then figure out how low they'll go (based on when they bought in). Plenty of profit still to be had, it was .85 in 2012.
Dyor
BAA
There isn't that much volume there, yes it's probably the most in all open orders but if you look at the details its only 2 big orders and a few small ones.. the whole 205 parcel is not much at all in comparison to traded parcels... the big orders were put on yesterday when the SP was at 220 (were at 220 there was 6 times the level of open orders in comparison to 205)
I say there is still some more room for it to go down
Been there done that. Flew this thing down from $1.13 down to 0.845c from June 2011 to 6/6/12. A long drawn out flight over a year, then it took off, but then left the flight too early at $1.30s. This fall in the last few weeks is different, it's fast. To fast for me:ohmy:.
^XAL up strongly overnight - points to good day for AIR
No sub $2 this week smtrader
Another monopoly route falls, with Hong Kong Airlines coming in hard and fast with a daily A332 between HK and AKL from November.
http://www.nzherald.co.nz/business/n...ectid=11639127
That's the problem with low fuel prices - everyone can make a profit (or have a much better go at it) where it was marginal before.
That coupled with all the noise about NZ tourism.
Do the NZX issue "please explain" notices on declines . AIR must qualify??
Seat belt tightly fastened.