FLT 0.47% $21.40 flight centre travel group limited

FLT $30 Party, page-80

  1. 13,797 Posts.
    lightbulb Created with Sketch. 8399
    That's a seriously long timeframe you have there!
    Everything on that chart (or most of it afaik) to the left of the last big red candle effectively needs to be halved for that chart to remain meaningful.
    I agree there is upside and great potential for the future, but not as much as that chart now appears to indicate, considering that the number of SOI just basically doubled, and the fact that the $$ raised in that process were at considerable discount and are getting chewed up by a hungry black swan.

    Basically, that chart should have a big asterisk at the base of that candle, noting SOI doubling.
    No doubt, many have (recently) and many will still get burnt by misunderstanding this chart and what happened at that point in time.

    Still, value here longer-term? Yes, I agree.

    Cheers
 
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