QAN 0.97% $7.32 qantas airways limited

finds a bottom??, page-3

  1. 1,383 Posts.
    No it was before that Arthur. A very big sell came through at about the same time the banks were in their amazing selloff. My colleague Warren had just commented that the m/d on QAN was very bullish, and all of a sudden a massive dump came thru and took the whole lot out. I thought with the buyers all gone it would go into freefall, but it held up OK. I think it was part of the same portfolio dumps (possibly international) that were taking down the rest of the market.

    In the last 20 mins there was quite a bit of buying in line with the strong finish on the general market, as you point out. Still did not get back to the original level.

    Disclosure: I'm short QAN (mostly from the lack of anything else to short).
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$7.26 $7.42 $7.22 $43.12M 5.871M

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$7.33 142041 6
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