PPRuNe Forums - View Single Post - Merged: Virgin Blue Share Price - how low can it go and for how long?
Old 16th Oct 2008, 07:48
  #335 (permalink)  
maxter
 
Join Date: Nov 2003
Location: aus gold
Posts: 101
Received 5 Likes on 1 Post
I would think that looking at any companies share price at the moment, and trying to gain some insight, would be an execise in futility (unless you had margin loans). Price would be irelevant at the moment for VB in my opinion.

Prices are not set at the moment by a companies worth but by 'the fear factor'. Has it got a better chance of not making it than the next one.

There are some 'long term' goodbuys coming.(never airlines or telcos at any price, in my mind) Does not mean it is at the bottom but there are companies that are being hammered that will continue to do well. Bet it is not the thinking investors who are jumping ship, in many cases.
maxter is offline