Travel stocks have got ahead of themselves imo. No international travel until sometime in 2021 (if then). Have traded this stock and taken profits. The stock will probably consolidate / trade in $2.50 to $3.10 bracket until travel outlook improves. WEB at silly pricing at $4.80 considering the dilution after cap raise.
When punters are in control fundamentals go out the window. At some point in time reality will kick in. More companies will have to do cap raising the longer covid 19 continues. Vaccines normally take up to 3 years to get approved due to phase 3 human trials. We aint got a vaccine yet.
Its a traders market atm. Cant think of any stock worth falling in love with. Trade em.....flick em. U never know when the music will stop. DYOR.
HLO Price at posting:
$2.80 Sentiment: None Disclosure: Not Held
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