QAN 5.34% $6.71 qantas airways limited

Shorted QAN at 78.1 fib retracement (3.98) yesterday and hope...

  1. 49 Posts.
    Shorted QAN at 78.1 fib retracement (3.98) yesterday and hope for at least 3 day swing prior to exit. QAN has left gap fill at 3.73 for protection.
    Major fund active in this stock for the past week. Why it was at $4 is anyone's guess.....considering 90% fuel hedging at US$70.50 pbl, cost cutting behind schedule, new Airbus fleet not due to mid 2008, protected by FIRB, watched by ACCC on regular basis, only market share to lose, relatively high p/e, the list goes on......
 
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