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 Airasia, Airasia

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omione
post Jun 16 2009, 08:45 PM

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QUOTE(jys @ Jun 16 2009, 02:35 PM)
~sigh. it's going down everyday.....
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I got out at 1.25 when the moving average turned negative. I am waiting to go in again when the price turns up again. Too dangerous to buy on the way down. You never know how low it can go.
omione
post Jun 17 2009, 04:25 PM

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Air Asia has retraced and is moving up again. I have just re-entered at 1.17. Fundamentally the earnings and NAV is not worth the price. But this is wild swing counter.

This post has been edited by omione: Jun 17 2009, 05:04 PM
omione
post Jun 17 2009, 05:05 PM

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QUOTE(**Fortune** @ Jun 17 2009, 04:53 PM)
Too many hit and run cases nowadays and thats what make the market so volatile.... no to mentioned all those pluck from the sky economic data. Hari ni A data naik.... besok B data turun.... sickening at times....
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BTW, what you hate is what actually help us make the profits. Learn to surf the waves and you'll be alright.
omione
post Jun 18 2009, 11:21 AM

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QUOTE(asambuffett @ Jun 18 2009, 08:46 AM)
H1N1 is now announced by WHO as world pendemic....

i guest this will somehow have effect on our airline industry...

people will start cancelling their flights to US, Australia, Singapore...etc..

Guess tenaga will gain abit since many will stay at home and keep on blasting their aircond in this hot weather  biggrin.gif
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Correct assessment. Air Asia is fundamentally not a value investment. It is however a good speculative counter. Today it is down. It could go down more or it could bounce up higher. Take calculated risk. So long as you are not buying at the peak, there's good chance of making some money.
omione
post Jun 22 2009, 03:02 PM

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QUOTE(! Love Money @ Jun 18 2009, 07:57 PM)
and additionally the crude oil is now hovering over $70 per barrel...
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With the overall downward pressure on the CI, the surge in oil prices, and Swine flu, I finally cut loss and close my position. Chart wise, the MA is also stacked against the counter of near term up tick.

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