I hear a lot from the negatrons in here, that its surely only 'Mum and Dad' investors that 'dont know any better' that are investing in QAN, has to be right? I mean, Qantas is about to go broke. All their planes are about to fall out of the sky and the board are laughing at us from on top of their outrageous piles of money... blabla.
Anyway, the BEOT, who actually know something about these sorts of companies, are forecasting Qantas fair value above $8.20. Even the big boy short sellers aren't touching qantas now, shorters are at an all time low. In fact, I think the only shorters left are Tony and Cbrmoron etc.
QAN Price at posting:
$6.49 Sentiment: Buy Disclosure: Held
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