Alan Joyce a genius?, page-46

its got nothing to do with margin calls for retail investors,
there are instos buying and selling large amounts, every time it threatend to move up on friday, more stock was put on the sell side,
this will eventually finish and we will get a got pop out of the price.

Qantas is one of the few large cap stocks where everything is starting to line up for them.

They have made good headway taking costs out, the stupid capacity war is over, yields are getting better, i read Friday that discounted tickets are on average 10% higher than a year ago, and the big one , oil, yes they will not get the full benefit for a while, but when your main cost comes down by 50%, this has got to flow straight to the bottom line.

Qantas has alot of ground to make up when you compare the share price to U.S carriers, target prices from brokers are now over 3 dollars, that could prove conservative of the next year or two.