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QAN, QANTAS AIRWAYS LIMITED
versacorp
post Posted: Jun 18 2004, 11:05 PM
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Posts: 83


no mater how good QAN's results are, the markets just won't stick with this stock. Even Fat P saw this and recommended a sell. High oil Prices, terror attacks, al quida building strength. The next half results for QAN will be tops and the markets know this. The price will move up B4 results then go back down after at around current levels.

 
moneyman888
post Posted: Jun 18 2004, 03:42 PM
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Posts: 553


A lot of stock for sale at 3.42..over half a million shares. This won't be cleared today and 0.2% profit is not enough for me so it looks like holding through the weekend at least...always a worry!!!!


Well I eat my words...stock just cleared.



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Life does not have to be empty or faced alone
 
moneyman888
post Posted: Jun 18 2004, 01:46 PM
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Posts: 553


Well upon review of the chart I tend to agree that QAN is about to run. there appears to be an ascending triangle forming and the fundamentals would support a price rise with analysts now tipping a better than expected profit result based on pre-lim travel data.

This may very well be a case in point to pbuy the rumor and sell the fact. Negative is oil attack in Saudi or similar, no probs with the forward price of QAN oil being locked in, but the market is very reactionary at the best of times.

The run to 3.50 in early June appears to be a bit premature and support for the short term trades need to respect 3.40.

I'm in with a price target of 3.60

cheers





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Life does not have to be empty or faced alone
 
Waterfront
post Posted: Jun 16 2004, 12:21 PM
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Perhaps Sabre and would be pleased for it to.

However its positive SP progress may be slowed somewhat by external factors or more specifically until the current (overnight) oil jitters are resolved.

Reactionary lot the market - I've been watching Santos this morning thinking it may be worth selling as I feel the market has over-reacted to what has happenned overnight in Iraq - after-all is world oil demand satiated by supply from Iraq presently. Mind you buyers have kept presenting at $7.07 for most of the day.



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An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today.
 
sabretoothed
post Posted: Jun 16 2004, 11:58 AM
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QAN getting ready to go again? lmaosmiley.gif
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I confirm that am not a licensed investment adviser , or have any formal training, to give investment advice. Therefore you must seek professional advice. I may hold this stock. Jesse Livermore is my Hero. Australia is the next Iceland!
 
sabretoothed
post Posted: Jun 5 2004, 10:36 AM
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Hiya,

I think QAN will eventually get rid of normal QAN domestic, thus cutting costs and getting rid of frequent flyer points etc, thus getting on a level playing field to VBA.

QAN is hedged 100% on oil at around 30 this year and 50% hedged at 32 or something next year. So the extra ticket surcharge is extra $$ in the kitty for them.

I agree re Buffet, I'm not a longer term investor in QAN, I like it more medium term, 3.60 or 3.80 will do me, but QAN in Australia has basically a monopoly over major routes and why its a bit different to other airlines, if there is to much competition it will go broke.

But technically, for some reason it looks like its going to run, and QAN is a great trading stock between $3 and 3.80...






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I confirm that am not a licensed investment adviser , or have any formal training, to give investment advice. Therefore you must seek professional advice. I may hold this stock. Jesse Livermore is my Hero. Australia is the next Iceland!
 


moneyman888
post Posted: Jun 4 2004, 10:52 PM
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Posts: 553


Sabre,

Without a doubt agree that the driving force for all airlines is the oil price and what will happen with Opec, etc.

For all intense purposes economies are driving well, people are flying again and most of the fat has been cut from operating costs.

Jetstar in the longer term may prove to be Qantas' undoing though as from passengers that have flown I hear are not happy and I think Virgin will continue to clean up.

Personally I only play airlines very short term as I do not like the high costs associated with running them, plus I got burnt on Compass big time..ahh memories.

Interestingly Warren buffet is also not a fan of the airlines..but I digress.

QAN and VBA should run as long as the oil price keeps heading back towards $35 (allowing $5 for terrorism premium), but I can not see oil heading below that as Opec seem content with the world paying for oil around these prices.







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Life does not have to be empty or faced alone
 
sabretoothed
post Posted: Jun 4 2004, 08:00 PM
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Looks like it will go on to test 3.60 soon, comments?

lmaosmiley.gif
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I confirm that am not a licensed investment adviser , or have any formal training, to give investment advice. Therefore you must seek professional advice. I may hold this stock. Jesse Livermore is my Hero. Australia is the next Iceland!
 
sabretoothed
post Posted: Jun 4 2004, 12:27 PM
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QAN above the 200 day MA, VBA moving up as Ryan Air (UK) up 6% overnight, I think the OPEC agreement is making these run...

rolleyes.gif



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I confirm that am not a licensed investment adviser , or have any formal training, to give investment advice. Therefore you must seek professional advice. I may hold this stock. Jesse Livermore is my Hero. Australia is the next Iceland!
 
sabretoothed
post Posted: Jun 3 2004, 12:46 PM
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I think QAN is looking quite good technically. Might go for a run if it stays above 3.44 back into the old channel hopefully, which is important otherwise it may follow the new down channel it has created.

VBA could be close to its bottom, and I mention it here since VBA does not exist as a topic which is weird...


devilsmiley.gif



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I confirm that am not a licensed investment adviser , or have any formal training, to give investment advice. Therefore you must seek professional advice. I may hold this stock. Jesse Livermore is my Hero. Australia is the next Iceland!
 
 


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