Dunno about the wisdom of shorting QAN on the back of a rise in the oil price as management have in place hedging policies which will protect QAN from any major spike in the oil price.
The fundamentals suggest that QAN profits are increasing - passenger traffic is substantially up and rising. Of course, that may change if there is another terrorist attack involving planes. But lightning rarely strikes twice in the same place.
To short QAN on this 'hope' seems a bit irrational ... and rising oil prices will not affect QAN in the way that many think it may.
QAN's uptrend is still in place and until it is broken shorting could be fraught with danger.
Best of luck.
time to short sell, page-14
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Last
$8.17 |
Change
0.090(1.11%) |
Mkt cap ! $12.77B | |||
| Open | High | Low | Value | Volume |
| $8.04 | $8.20 | $8.00 | $66.49M | 8.151M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15719 | $8.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.18 | 300 | 1 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| QAN (ASX) Chart |