it's amusing how everyone seems to think it's a given that the share price will somehow magically recover to well above its prior highs just because of 'what comes down, must go back up. Travel will recover, and so will Webjet'.
That is simply a very risky and value destructive way of thinking about the stock market.
Most stocks in weak and damaged sectors stay low or show anaemic growth for many years. Some stocks go into administration. Some stocks stay dead for a while never rise back up to the surface. Some stocks end up doing endless raisings in equity or debt just to pay interest on prior debts accrued.
There's a reason why there's a thing called STOP LOSS ORDER.
WEB Price at posting:
$2.83 Sentiment: Sell Disclosure: Not Held
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