http://www.nzherald.co.nz/business/n...ectid=11643974
Will it just end up being noise...just shows how short we are on infrastructure to take the talked about growth.
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http://www.nzherald.co.nz/business/n...ectid=11643974
Will it just end up being noise...just shows how short we are on infrastructure to take the talked about growth.
Think we have takeoff - share price wise
Wednesday after lunch usually pretty good - esp when the world is happy again
QAN isn't AIR, but the AFR reckons the former's shareprice fall has some way to go - for what that's worth.
They probably had a look at AIR's SP and then worked out they have the same forecasted EPS this year. Today's lack of bounce on stronger overseas markets and airline index is the next chapter in a series of disappointments with this company.
30 trading days since recent high and only 5 green candles during that time (last 10 days have all been down). I think it goes lower from here and I'm sticking to my theory we will get a rebound on day 34 which is next Monday.
Wow that 205 line wiped out in no time...not looking great I'm afraid.
Traders paradise up early in the morning and then tanking after lunch for the last few trading days. Like clockwork in fact.
Yup as said earlier.. and i don't think much should be said about the 200 wall either..... usually traders like round figures like 200.. it might resist but chances so far looking like it will break that wall too... the nasty ride will start then im afraid.. buckle up
Backdating to the last cycle pre-GFC pricing, we can see a similair occurrence with psychological barriers at $2. Pretty much confirmed that a bear cycle was established after crossing the 200 day MA and support levels with large volume not too long ago, again repeating the cycle back in late 2007. Thought I might post this simple chart up for a few readers, not considered to be any TA advice or anything, just more interesting than anything else.
http://puu.sh/p4ab0/813e44e714.png
Yes looks like AIR is going through whatever happened in 2007/8 all over again. Can any of the old timers on here recall what was going on in 2007 that caused AIR SP to fall off a cliff like it is doing now? Maybe there is some similar factors between now and 2007/8?
Thanks. Seems like as far as AIR is concerned the market thinks we are heading for another GFC...this one specific to AIR and other airlines are apparently mostly exempt. Go figure ?
Maybe there has been some serious loss of reputation because of those management share sales, institutions lost some confidence in the veracity of management and directors ?