RE: #EZJ Moving back up to retest 500+?13 Aug 2024 10:26
I honestly think that investors aren't looking at the here and now, or even 6 month from now - they're looking at the next 12-36 months, and as much as I hate that fact (due to owning these shares) aviation is just very risky to be over that medium term. Not just based on all 'normal' factors such as cost of living, oil price fluctuations; but who would have bet 5 yrs ago that national lock-downs would occur, therefore in some peoples minds it could happen again. Also the chance of a aircraft being shot down unintentionally, or otherwise anywhere between Ukraine, Russia or the middle east is a real possibility.
I think we are currently dealing with quick turn around trades at the minute, with those making a few % profit as opposed to long term investors. Just my opinion though.