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
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Last
$6.74 |
Change
-0.100(1.46%) |
Mkt cap ! $10.98B |
Open | High | Low | Value | Volume |
$6.83 | $6.83 | $6.69 | $42.81M | 6.343M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 106346 | $6.74 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.75 | 2974 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 6.710 |
1 | 7461 | 6.700 |
3 | 6100 | 6.680 |
1 | 150 | 6.660 |
2 | 3002 | 6.650 |
Price($) | Vol. | No. |
---|---|---|
6.770 | 37210 | 2 |
6.780 | 16000 | 2 |
6.790 | 120 | 1 |
6.800 | 16968 | 6 |
6.810 | 2944 | 1 |
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