WEB 0.68% $7.35 webjet limited

Coronavirus, page-98

  1. 30 Posts.
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    I was a previous holder and got out for a profit so this ones hard.

    It is a good business caught up in the panic but importantly has dropped below the critical support $10 level and therefore everyone who has bought in over the last 3 years and still holding is trapped in a losing position and hence more irrational selling. Gut feel is that this will head further south ($7- $8) before it hits the bottom at which point this is a bargin buy. Corona virus might be long gone in a couple of months but the impacts to the tourism sector will live on for a bit longer and will impact earnings. Good luck to all, its crazy times.
 
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