With oil prices only going up from here on, wouldn't that decrease AIRs profits
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With oil prices only going up from here on, wouldn't that decrease AIRs profits
Take some time to read this
http://www.airnewzealand.co.nz/fuel-...-announcements
Also as Roger has pointed out if you read some of his very informative posts , AIR.NZ have a very fuel efficient fleet . So maybe it will cost them more but other airline margins depending on hedging may be hurt more with a rise in price of av gas. Probably only Emirates be ok as I presume they get it all for free....
Yes but by historical standards and comparing AIRs fuel pricing over the last couple of years they are still well positioned to make a profit. There's negatives and positives that have been discussed recently in the thread, competition vs tourism growth, fuel prices vs newer more economical fleet. Relative to SP do they not seem below fair value?
Compare say sky tv. Outlook gloomy with decreasing customer base and increased competition of the digital age yet SP not taking the hit AIR has.
I understand the rationale of charts and irrational market sentiment freaking and some cutting out for losses but hope my thoughts of a turn around is on the cards. Perhaps when VAH is sorted the tide will turn dramatically. Maybe not but no one can say with any certainty the way a SP will behave. AIR could just as easily go up one day as opposed to down....
First day on ST... could someone please tell me how to post a quote from someone's earlier post so it shows up in the blue box like above. Can't seem to find the answer, thanks!
There lots more happened than just that, I don't think you can lump all chartists into one group and generalise that they all got out at one point. Some move very quickly, others more slowly and some even quite sedately depending on their strategy, but the generalism that might be true is that few chartists would still be holding.
Here's a few things chartists might have been looking at: firstly the turn away at $3.00 was an alert. Next the 50EMA broke down $2.90. Then the 100MA quickly after that $2.87. The 200MA is a popular average it broke down at $2.78 and that co-incided with the medium term up-trend line support breakdown AND an important chart pattern breakdown. I think most TA's would have at least lightened up there if they hadn't already unloaded some. These by the way were all being discussed either here or the "Using TA to time entries and exits" thread. The $2.56 support folded easily and the $2.35 offered some support but broke down, which also coincided with the 4-year rising support bull trend line break down! Then for the diehards there was the $2.25-$2.28 supports from 2014 but they broke down as well.
Right now AIR looks like it has bounced off $2.05 but there's nothing in the price chart that suggests this is real support, more like bargain hunters maybe. No chartist would buy it until a bottom is confirmed with a new up trend.
As for your picture of the bid/ask queues ad observation, have you considered that the clever brokers and traders use the bid/ask queue to 'paint a picture' with props on the bid side and caps on the ask side, to make it look like they want it to, but not necessarily ever intending to buy or sell. This is common, to move the market towards their real buy or sell prices.
Haha, good one Birmanboy! Will keep that in mind ;)