Australia's largest stock trading and investment forum Australia's #1 stock forum

WEB

4.11%

$4.20 web travel group limited

Don't be afraid if WEB drops, page-687

First 687 Last

Share
Profile

Follow
ALFA92

137 Posts.

9

14/08/20

08:13

Post #: 46532044
Share

Originally posted by Adptve: ↑

It will hit $5 again but I don't think it will be by the end of this year.

There is far too much volatility in the market. SP500 is about to hit all time highs and last time recently did that it dropped 6% the next day - last time it it made that exact same play was the dot com bubble and also the Great Depression.

On top of this the stimulus payments have now ceased in the U.S - no more "money printer goes brr" - no more inexperienced buyers feeding the top - no more spending. This market is far too anchored to the SP500. Im expecting a dump around election time. I'm also thinking Biden's veep is going to have a play at the presidency.

Next quarter we will have reports that have no stimulus and no travel. It's going to be dark. It's also going to get dark for a while. I'm calling ~$1.73 before this time next years.. maybe lower if it breaks resistance levels at that time. Also it will be around the same time that it's announced that the Tokyo games are not going ahead.

It will however hit $5 again but I don't think it will be before December. As I said, this is a long, long game. Virgin CEO is predicting (and preparing for it to take 3 years and I trust the data he is looking at).

Look at it this way, there will be many buying opportunities over the next ~40 months or so.

Expand

you are not credible mate.. please be quiet

WEB Price at posting: $3.50 Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

What's causing the cost-of-living crisis, and how to navigate it

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

M4M

Macro, Norden set up transport solutions initiative for West Pilbara