Closed my short last week at a loss of $150....irritated but got to respect shorting theory and risk management...
30 March 2012 high 1.805
30 April 2013 high 1.90
Close on Friday on a 52 week high of 1.81
Thesis triple top ceiling however opposing arguments include:
1. Sentiment on lower fuel pries combined with forecast profitability going forward.
2. Positive newsflow coming from international markets within the airline industry
http://online.barrons.com/articles/virgin-america-ipo-soars-is-the-stock-still-a-buy-1416004692
3. And always the takeover and spin out news of assets....
Realistically QAN as a business is a piece of scat but I have come to understand that valuations and quality of the underlying asset does not really affect the rise and rise of a company's share price...in this situation play the man not the ball....confident I will be getting back my $150...lol
qan up up up.., page-7
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Last
$6.12 |
Change
0.015(0.25%) |
Mkt cap ! $9.964B | |||
| Open | High | Low | Value | Volume |
| $6.12 | $6.15 | $6.08 | $6.045M | 989.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 70 | 72762 | $6.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.12 | 65034 | 44 |
View Market Depth
| Last trade - 15.33pm 09/07/2024 (20 minute delay) ? |
| QAN (ASX) Chart |