QANTAS trading around yearly lows and expectation that Qantas is rotating back towards the fair-value level @ $4.80 in 2008.This week I posted in the blog (stock Report) that I'm buying @ $3.37 and looking for a move towards the 50% level to partial exit Qantas, and then for further gains higher in this quarter.
My Risk of the trade is to rotate down into the B set-up if it fails, but my overall expectation is that the Yearly lows will support price for 2008 and rotate upwards using a partial exit strategy on the way up..
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