Hey Oldnrooted, suppose it looks ok on % but WEB has lifted $3.60 vs FLT $16. its much like looking at a 0.001 c share and then in 3 days its at 0.003 and saying its gone up 300% so must be better... its just more volatile.
Web peaked mar 18 and now looks to be on a slow descent. Not dissimilar to FLT peaking in Mar and falling.
IMO I think these flight middle men are on the road to extinction, people are realising its cheaper and easier to book direct. They are increasingly being used as a first stop library of flights, with people then going to the operator direct.
For me its not a case of WEB or FLT its just that I think the type of business is on the way out. Que exit stage to the right ---->>>
Time for something else, resources are all over the place, maybe AKP give tech industry a punt..
WEB Price at posting:
$6.01 Sentiment: Sell Disclosure: Held
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