totally agree. My guess is because virgin announced they are...

totally agree. My guess is because virgin announced they are grounding their fleet (all bar 1 sydney to melbourne leg ) punters are pricing that into future market share, and potential for them to go bust. But last time i checked, 100% market share of zero flights is in the negative millions! Market is on its ear with valuations at the moment....until p/e ratios are adjusted to reflect quarterly and full year profits, the whole casino is dangerous! Still a great company and would love to get into them.....but not at these prices. Id argue the same with banks at the moment.....mortgate defaults, bankruptcies, business failures.....havnt even hit the market yet....such a weird and horrible time for so many....and the worst is yet to come i feel. On the other hand, you have CXO.....Australias next lithium producer....at a time the country needs royalties, jobs, exports....and all that goes with it! Good luck everyone, and be careful...even blue chips seem like a honey trap atm...