RE:RE:Buffet Sells ENTIRE airline positions Lol... hey, all your saying is correct and you know your stuff I'm not arguing on that. Thing is, market doesn't really care about whats rational or not. If buffet is selling, i'm selling. If buffet isn't bullish on airlines (american or not), well it means theres a damn good reason for it! Even though air canada is not in the same financial situation as the american airlines, whats important is his vision about the industry as a whole.
I wouldn't want to be holding at current price short term. Better buy after next weeks drop and sell ahead of Q2 earnings!