Gap theory suggests this has got further to go. Good time to average down before the funds accumulate prior to AGM. We may need to hold for 2 to 5 months to see a gain, however it should be much better than bank interest.
I admit I timed this investment very wrong, however if TC didn't fail we would be at $15 by now. It feels like I am taking a 10% loss for what could have been a 30% gain. Longer term this will be very sound. Imagine the normalised Price to EBITDA ratio relative to its peers.
Webjet is worth $18. UBS should be accumulating if they believe in their convictions, however no new substantial holdings.
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