Qantas's recent rise (40c) was on the back of 200+ million shares. The recent fall (25c) is 25+ million. IMO this is just a correction that coincided with
a) Merger news that everyone already knew was doomed.
b) Another SARS case which the WHO already predicted.
A third piece of bad news (Munch's theory) is also worth considering. However, If you believe this is inevitably close, I suggest you pull all your money out of the market now as all shares will be affected.
Commentators tend to find reasons for a share prise rise/fall.
IMO, this is a correction that (excluding munch's theory), will see Qantas, at worst, correct to mid to high teens.
Balls on the line, lets see how I go. Lookin for a close above 325 today.
Qantas's recent rise (40c) was on the back of 200+ million...
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Last
$5.89 |
Change
0.010(0.17%) |
Mkt cap ! $9.597B | |||
| Open | High | Low | Value | Volume |
| $5.80 | $5.89 | $5.71 | $52.77M | 9.052M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8292 | $5.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.90 | 124431 | 9 |
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| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| QAN (ASX) Chart |