As COVID again threatens Sydney’s relaxed day to day lifestyle we took a quick look at FLT as a number of my friends / colleagues have started cancelling their school holiday breaks concerned it would all implode and their $$ would be lost. Hopefully they are being to “glass half empty” in nature but when I look at FLT the share price almost smells as it languishes around $15 while shorts continue to increase almost reaching 10% when the most recent data was released.
MM is neutral / negative FLT
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