Ryanair has only 5 a/c based,
Only 5 based aircraft in its first year of an operational base? My point is Wizz have been based in Budapest since its inception in July 2004 and only has 6 based Budapest aircraft 8 years later, going by other airline inceptions e.g. easyJet, Ryanair they've made pretty big bases at Dublin, Luton... Wizz have neglected massive opportunities in Budapest in my own view.
the same day Malev went bust
Actually they announced the expansion 2hrs after hearing FR were setting up at Budapest.
Ryanair to Open Budapest Base in Two Weeks With 31 New Routes, 2M?
Wizz Air
Wizz beat FR with moving to Warsaw Modlin
Yes they did but they undermined their position as the leading Low cost airline in Warsaw, they moved to Modlin first as you said then Ryanair announced plans to join them mostly competing head to head, but also allowed OLT to set-up at Chopin. I agree with you OLT wont be around for long but they also showed the fact that Wizz should have expanded onto the domestic Polish market years ago routes like Warsaw-Krakow, Gdansk etc.. would have brought significant rewards for Wizz with a proven strong domestic market.