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Michaelirish

24,130 Posts.

410

09/05/16

17:47

Post #: 17716163
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Originally posted by JCoure ↑

Yes, the banks are doing much better than infrastructure, CBA went up 2day and the result was a real clanger, with iron ore tanking in the PRC and clangers like CBAs, I wonder whether the market understands what is happening and is merely overreacting and underreacting to news.
SYD has had bad negative news of late, VAH going broker, cutting capacity, QAN cutting capacity, Tullamarine looking stronger compared to SYD and SYD goes up. Was the market expecting good news from the airlines and the 5% capacity cut, poor demand not bad enough?

CBA had a poor result, probably poorest on record at this time of year and CBA goes up. Following the SYD example, what? Did the market expect worse?

Perhaps SYD can do no wrong, time to get all the bad news out, build Badgerys or something? Kerrie Mather is not one for bad news?

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There are 44 airlines using SYD

SYD Price at posting: $7.20 Sentiment: Hold Disclosure: Held
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