That all sounds very logical however the market is not always logical.
For example FLT was over $25 in 2001 while the AUD bought 49c US. It then traded from $25 plus to $10 from 2001-2006 even though the AUD was rising.
You could argue a China collapse will result in lower oil prices and hence lower air fares combined with further interest rate reductions in Australia which would be good for FLT!
I am trading FLT short term anyway
anyone know why the sell off?, page-4
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 (20min delay)
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Last
$17.02 |
Change
-0.040(0.23%) |
Mkt cap ! $4.754B | |||
| Open | High | Low | Value | Volume |
| $17.06 | $17.12 | $16.98 | $4.236M | 248.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 921 | $17.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.02 | 405 | 7 |
View Market Depth
| Last trade - 12.40pm 04/12/2024 (20 minute delay) ? |
| FLT (ASX) Chart |
