Some posters getting caught up in their bias I see, never ends well in a discussion let alone investments, time to buy in if you think 270 is going to hold.
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Some posters getting caught up in their bias I see, never ends well in a discussion let alone investments, time to buy in if you think 270 is going to hold.
Well the buy is currently 269 and sellers at 270. This will be a decent test, it looks vulnerable here. I think it goes lower today.
Whether or not 270 is good buying for investors is a different debate. But what market might be saying right now is we like air NZ but will hold off till low 260s.
Interesting day indeed. It is a cyclical stock but losing 10% of SP value in a short period without any real news to give reason as to why - the international airline index hasn't really been an accurate reflection of AIR.
I might kick in for some more again if it goes lower. Looking ahead the only concern for me is the VAH sale but guessing this should be reasonable outcome.
Recent ups and downs in AIR share price have little to do with it being a 'cyclical'
'Cyclical' stocks are so called because they generally move in tandem with economic cycles - ie longer term ups and downs.
Current AIR ups and downs just reflect punters moodiness at the moment - some days they are happy and some days they are grumpy.
And AIR is 18% down from a recent high ...grumpy stuff eh
Due for some happiness.. I hope :D:t_up:
There is no mystery here imho. In the past 4 weeks AIR is off 11% and Qantas is off 24%. Its all down to sentiment and since Qantas scaled back their expected expansion the market has gone cautious on Australasian airline stocks. Virgin is in play and low beta so can be ignored in this regard.
I reckon Air is holding up well given the Qantas meltdown.
On the stage of the cycle I think peak earnings will be this year with FY17 pretty flat followed by a turn for the worse but how much is the big question. Somewhere between $2.50-$3.30 seems fair to me depending on your view of the maturity of the cycle....
the news to me is the media hype on VAH sale has gone quiet, uncertainty on this is an element IMHO.
Just plain herd mentality IMO, remember the herd don't think they just react:cool: PS- If I had more money available I'd be in big time right now (I mean bigger than the big I'm already holding)
It's hard work going against the herd - get pushed around a lot.
Remember the herd drives markets up also.