Might buy some at 2.7 level
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Might buy some at 2.7 level
May reach there as long as CL keeps selling along with other senior execs and directors.
https://nzx.com/companies/AIR/announcements/281319
As a very new investor (I've held shares for a number of years, but only started taking them somewhat seriously six months ago) I'm finding it interesting watching this.
I sold my holding at $3.035 two weeks ago, which gave me a bit of profit as I'd bought at $2.78 last year, planning to buy back in at $2.80. I took the opportunity on Friday to get back in (and use the profit to buy a few more at the same time) at $2.83, breaking my self-imposed price a little but I was still satisfied with that. On Friday afternoon I watched it continue to drop to finish at $2.78 and thought maybe I'd jumped in a bit too eagerly, but overall I was happy.
$2.745 now ... wonder how much lower it will go? I'm still satisfied that I got back in when I did, but can't help calculating how many more shares I could have bought with that extra 8.5 cents. :confused:
Don't dwell on how many more shares you could have got (You'll find yourself in this situation from time to time, all part of the game) Just ignore the drop and hold, you were happy on Friday so stay happy, it will bounce back in due course.:cool: PS-Market down day today's anyways.
https://blog.asb.co.nz/posts/2015/11...of-kashin.html Information provided here for the benefit of AIR directors and senior management. Kashin is meant to be a savings device not a mechanism to regularly extract additional remuneration ! It doesn't help shareholders confidence when you guys regularly cash in your shares obtained through your extremely lucrative incentive scheme.
Drop might just be in line with the sector? NYSE Arca Airline Index
really goes to show how exposed we are to the international effect if it comes down to the airline index which presumably it does from the first days drop in line with that and no other news to speak of.
I bought back in Friday and am surprised to see it get to the lows it has but AIR is cyclical and likely to bounce back, worse case I hold it for longer than I wanted and soak up some dividends instead. I didn't throw a lot at it with the thoughts in the back of the mind the potential for a market correction of some significance is something I think is on the cards, glad to have been cautious but considering buying a few more....