I beg to strongly disagree and the market doesn't hold up to your opinion.
If you've listened to Switzer report, CEO of Webjet said, if Australia could only uplift internal borders completely, that would lead Webjet to a profitable position. Webjet does not need international borders to reopen to have sufficient liquidity. Current SP $4-$5 is justifiable.
Vaccines are rolling out from the end of Feb, States would mandate travellers to be vaccinated compulsorily before they can travel.
With all these hopes, Webjet will be in a better position in the next 6-12 month. Plus, Transtasmain bubble is in the pipeline.
$8 SP is what I'm predicting by the end of Dec 2021.
With your comments, it looks like you have sold Webjet at $4 as I did, but I bought it back at $5.30.
All the best.
All IMO.
the big short squeeze, page-52
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Last
$8.23 |
Change
0.080(0.98%) |
Mkt cap ! $3.219B | |||
| Open | High | Low | Value | Volume |
| $8.16 | $8.23 | $8.14 | $7.710M | 939.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | $8.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.23 | 7086 | 3 |
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| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| WEB (ASX) Chart |