don't worry boys and girls...and stop watching a current affair style jounalistic crap about qantas demise. as per the following extract Qantas has around 5 years of cash to burn at 2 million a day....so trade away! Obviously it's in an uptrend so follow Franklin and buy while cheap....a no brainer really if you put in some sub-dollar stops....personally Im accumulating until I see a red day or two. you'll notice it's forming an identical trading pattern to the start of feb even with a near identical low....glass half full I think.
"Let's not panic just yet though. Qantas has $2.8 billion cash on hand. It has received revenue in advance of $3 billion - more than its cash on hand. It is a good thing that people pay before they fly. If you add the cash and current receivables (which should be collected over the next 12 months) you get $4.3 billion in readies.
Read more: http://www.smh.com.au/business/qantas-takes-a-financial-flight-of-fancy-on-accounting-winds-20130901-2syto.html#ixzz2xAKOZQIo
"
don't worry boys and girls...and stop watching a current affair...
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Last
$7.00 |
Change
0.030(0.43%) |
Mkt cap ! $10.94B | |||
| Open | High | Low | Value | Volume |
| $6.93 | $7.01 | $6.93 | $28.80M | 4.124M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 43822 | $6.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.00 | 16350 | 3 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| QAN (ASX) Chart |