Agreed re the endless regurgitation of that insolvency quote.
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Agreed re the endless regurgitation of that insolvency quote.
Buying AIR today at 2.31 and VAH @ .28
230 is the key support by the looks, if that breaches expect further weakness.
Thought i caught the falling knife on Friday at $2.36 - guess not - Bugger!
Thought I did orright less than a week ago @ 2.58....and, in case anyone is worried, the fallback won't cause insolvency !
Don't worry. Did the same 3 or 4 years ago and kept on buying from $1.13c right down to about .87c, then it took off back up to over $1.80, it will go back up and all will be happy. Nearly bought some today but thought might wait.
its an ''either or situation'' depending on the SP---My main point is that we just (imo) cant label any buyers or sellers at this stage--Those weak holders may actually be ''brave (and smart)sellers'' if they buy back X more shares with the same dosh if it hits $2(on the way back up from less than that if your a chartist)---or they may be the weak(not so smart)if it rockets.
I suppose the real paradox may be between the fact that as it goes down one would think the odds increase that its getting closer to the bottom,but at the same time the odds (as you say)increase of holders selling into any rise,which makes it hard to get ''legs''
I dont think anyone would deny that the tide is going one way atm,but eventually it must turn--what stops the momentum?
My guess(and of course its just a guess)is that at this stage it will take some news like VAH or something.
At this stage -those who sold @around $3 and are just waiting for a confirmed turn are the real smart ones (thats not me--(I did the same as you,only at a cheaper price and still lost)
PS-From hoop on the TA thread
Chartwise.. the bull/bear line shows where feelings may reverse....If the price bounces off upwards the Stock stays in a Bull Market cycle (higher highs/higher lows) a bull market correction has played out and a bottom is set in place...
If the price falls below the bull bear line it means the bull market cycle may be over ..if the price falls to the next support $2.25 (an old support 2yrs) and bounces up (respects) this may not be a bottom as AIR could be in bear market cycle (lower highs/lower lows) and that support respect maybe temporary
You can see the whole thing on the thread (theres alot of valuable stuff) For reference 2.35 is the point he is referring to (bull-bear line)
Just stumbled across this---maybe we have been missing the bigger picture
http://money.cnn.com/video/news/2016...html?iid=V_Top
I just got told that air has hired more than 100 customers service staff recently