Clearly the entire world and more importantly financial markets are aware of all the "current issues" surrounding travel companies, airlines, cruise ship companies and so forth. Clearly the market has factored in the downside - of which the majority has now been factored into the lower end and that - clearly - is why those that are quality companies effected have seen bottoms and are well off from those bottoms. What the market is clearly identifying is any further downside remaining will be minimal and temporary.
All those down ramping comments re $1.70 disappeared last week - now a few have returned with their ever hopeful ticks of support to get in or top up at a low premium. I'm very happy with my average - will be happier in 6 months, extremely happy in 18 months and over the moon in 18 months. History and anyone who travels for so many reasons would most likely agree.
WEB Price at posting:
$2.69 Sentiment: Buy Disclosure: Held
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