i think the main reasons for the share slide are:
1- oil prices (easy are not fully hedged).
2- drop in load factors(competition hots up).
3- stelios and his sister still own a large chunk of the shares(think its over 50 %) and with his other ventures not doing so great the market expects that he will be off loading in the not too distant future.
when/if iraq blows up expect around 40 usd for oil and about 200 p for easy shares (266 last)...only for the brave!
back to the turkey sarnies.