They mere fact you are feeling pain, you should sell,take some time off from the market, re-group, identify where you went wrong and come back into the market. I know that feeling. Alway document your emotion so that when it re-occur you can identify with it. Factors are against this industry, high petrol cost, higher inflation mean less disposal income. My advice is to get rid of the dog.
This share has retraced almost 90% since its July 09 low and still heading south. No point therefore looking at technicals. Advise looking at the fundamentals. Try and ascertain financial strength then look at SENS and websites such as moneyweb to find recent interviews. This will help you determine the reason for the fall and future prospects. Also try and speak to an asset manager who specializes in the travel sector. Therafter make your call. I have had dogs before that have become racing horses.
Nass, I have a long position in 1Time as well. To date haven't seen or heard anything to convince me to bail out of it. Yes it has been heading South but not on large volumes. There just isn't an appetite for it currently given current market conditions and other prospects available.
Will not take off on time... You not trading this share because you would have jumped off long time ago so were you investing....Warren Buffet avoided the Airlines because it had no long term competitive advantage....The plane needed the same amount of fuel irrespective of the number of passengers....so if you had only 2 passengers, you still need a full tank of fuel...
I'd just cut your losses now and get out, or alternatively i think you'll be here for a really really long time. It's only my opinion but i dont think 2010 was steller for 1TM despite any spin to the contrary. As already pointed out, the cost of fuel has a big impact and this year hasnt been too lekker. Airline also failed to capitalise on the World Cup in any meaningful way and used what business it did get during this time to "offset poorer months in August and September". Seems they will do battle with the likes of Kalula for a long time, and while they might turn it around, in terms of investment you could probably do better elsewhere...omo
this stock gave a clear warning signal in January and August 2010 of an impending down-turn. You only have to read William O'Neill book to know that a stock that does a gap and then hit an all time high is not good news. I would have bailed out on the first signal in January unfortunately this stock is now down 71%. Oops.