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$6.12 qantas airways limited

QAN sp as we speak (approximately 1105 AEDT) down 34 cents or...

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CbrMaroon

5,191 Posts.

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23/02/23

11:06

Post #: 66416034
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Originally posted by tony75: ↑

I can't think of a more apt ASX example of how truly stupid the post-covid "everything bubble" has been. Crypto shitcoins, Tesla with promises of driverless cars and robots, the insolvent shitcos like Bed Bath & Beyond and AMC rallying, and here in Australia we have Qantas with a broken balance sheet and zero expenditure on capex, only to then gift the resulting and very unsustainable cashflow that it has to buy back its shares at massive overvaluations. It's like as if the WORSE the investment the more attractive it is to investors in a market where, for many years now, bad news is good news on a macro front (where the hope is to keep interest rates low).

I've gone through a few bubbles and every one of them was kind of understandable in hindsight. But lockdowns and a lack of sports betting with a bunch of over stimulus from governments has motivated total morons to look at stock markets. The result has been total unbridaled stupidity.

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QAN sp as we speak (approximately 1105 AEDT) down 34 cents or more than 5 % to $6.13, and now worse.

QAN Price at posting: $6.13 Sentiment: None Disclosure: Not Held
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(20min delay)
Last $6.12		Change 0.050(0.82%)		Mkt cap ! $9.972B

Open	High	Low	Value	Volume
$6.11	$6.16	$6.06	$14.48M	2.367M

Buyers (Bids)

No.	Vol.	Price($)
4	25633	$6.12

Sellers (Offers)

Price($)	Vol.	No.
$6.13	6152	3

View Market Depth

No.	Vol.	Price($)
2	7392	6.120
1	21566	6.110
5	75902	6.100
3	46675	6.090
2	11167	6.080

Price($)	Vol.	No.
6.130	1102	1
6.140	25373	5
6.150	36500	2
6.160	48223	7
6.170	32967	6

Last trade - 16.10pm 27/05/2024 (20 minute delay)


Last $6.14			Change 0.050 ( 0.74 %)
Open	High		Low	Volume
$6.10	$6.16		$6.06	736917
Last updated 15.59pm 27/05/2024 ?

QAN (ASX) Chart