no veil you are consistent
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no veil you are consistent
You think the virgin thing is bad,did you see the world debt meter in the upper left corner of the page!
Im surprised in a way that AIR has put a date it wants the deal done by--I would have thought that would weaken the bargaining position for selling,but maybe in other ways finalizing (sort of)might help.
W Dad,I was in the same mind as you when I bought--but it kept dropping--obviously at some point it will become oversold, but when is just a guess(no matter how many animals and cliffs are involved) the only thing we can say at this point is that those who used that line of thought (we both have used) but @ 2.70 came horribly unstuck so that doesnt really give much authority to speak in absolutes.
Of course no one knows for sure how this will play,but it will be interesting to see if those who called it, are right in their advice for re entry---theres a bit in the TA thread.
For those solely in to FA then there are a number of things to consider before trashing the revaluation----Oil is up--Kiwi dollar is up -alot of other airlines are down--Virgin--AIR earnings downgrade(why is there an earnings downgrade for 2017?)
On the other hand,even if we are throwing darts--Im sure someone will pick the bottom.
On a slightly positive note, today's going to look pretty encouraging on the daily chart, as the price dropped to support $2.35, probed lower but recovered just above support. That suggests a decent support test and buyers recovered the day. Probably doesn't mean much in the whole scheme of things, but it will be a somewhat encouraging candle on the daily chart for those looking for a bottom.
Don't take this as advice to buy Monday! I'm just trying to cheer things up a bit.
:)
I'm curious as to how many days and what increase would be required for you to consider it convincing? Perhaps you could say when that is. When it happens bearing in mind there is a limit of any convincing increase as it finds a new. Trading range (without a good announcement) how much gain would be left?
I'm not disagreeing it's not without risk buying in today and leveraging down but there's no guarantees on any share purchase and as handy charts are they are a part of any consideration not the only consideration.
I've put it out there. My average and what I have done with AIR over the last 6 months. This episode I'm down and it's the first time in 3 years with AIR having bought and sold more times I can count. Two solid days and I'm back to break even point. Two bad days and I will be soaking up a decent loss. We have all had ups and downs. I'm frustrated with the irrational overreacting market behavior on a number of shares of late and even with AIR not being able to keep up record profits looking ahead it's got a solid performance and outlook with pretty decent management worth putting faith in. I don't agree with all they do but generally speaking I'm a believer and think VAH will not end up being a worst case scenario outcome.
Hi Skid. Maybe they are putting a date on it with the knowledge they have some discussions going on in the background already or maybe they are just trying to avoid it being included in profit/loss for the full year results?
Calling it right will be a bit of luck as far as I can tell but even though ASB securities was down most of the day it seemed to me 4 million odd shares changed hands in that resistance level zone so I see that as a possible indicator and hopefully that results in a better week next week.
I agree, oil, kiwi dollar, VAH earnings, all negatives not to mention increased competition but on the positive, great first half results, solid operation updates since, NZ tourism growing exponentially. Last operational update showed good growth with us kiwis traveling overseas as well and with all our real estate being worth so much and borrowing against it for things like travel I cant see it suddenly coming to an end.
AIR has maximum hedge for the oil side of things and who knows if the oil prices keep rising where supply is abundant.
I had everything cashed up a month ago and bought some AIR in the lull without a stop loss in place and down she came - do a regret it, well yes in honestly I do but with it being at the price it is now I think it's worth a crack, I will have to eat my words if it doesn't rebound but none of us are right all the time, my wife reminds me of that most days ;)
Hopefully you're near a capitulation. I try and follow KW's simple advice re watching volume MACD and M/A.s; moving averages 60 day and 200days and lesser like 30DMA. The s/p chart going down through those M/A is a warning followed y a get out. and the reverse for buying;i keep it simple. There is a lot of advice on here about that and much more savvy stuff from kW, HOOP, BaaBaa etc. Trying to buy at the bottom or just guessing is not managing risk but speculating.
The other thing we all have to keep reminding ourselves is that newbies, naive folks are easily influenced by posts from folks making authoritative i know what I'm doing:cool: posts do what i do.. Opinions becoming Guru Advice where the poster starts behaving like a licensed qualified adviser and guiding folks to losing money is unacceptable and we all need to take responsibility for what we say and how we say it. I know i get excited and carried away on my tiny spekkys but i try and spell out the risks involved and to keep allocations there tiny/small.
Selling stock at its lowest point in a year makes less sense to me than trying to buy at the bottom. I wont argue there's no risk and I haven't tried to hide that.
Reading the posts of 134 under my name I doubt anyone will confuse my advice as being authoritative. Like I said, it will either go up or down, with over 6 million shares traded today there stands to be a lot of winners and losers and obviously buyers and sellers are on opposite sides of the fence each with their own rationale behind the decision to either buy or sell. I have mine and one way or another will have some idea in a week or two if it was the right move to make.
Sorry that 2nd paragraph is a reminder for everyone, not aimed at you. Good luck.