hisah wrote:VWAP 10.85/-
At this sub 11/- level KQ is technically oversold, but the risk/reward ratio of catching this falling knife is too skewed towards burning fingers.
Are you sure? I expect a 2H loss:
- Fired staff back on the payroll
- Legals fees
- Loss of focus
- High fuel prices
- Increased capacity but low loads
- Elections scare away tourists (potential violence)
The results will be released May/June 2013. I expect sub-10.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett