Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Air Canada T.AC

Alternate Symbol(s):  ACDVF

Air Canada is an airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States (U.S.) transborder market and the international market to and from Canada. It provides scheduled service directly to more than 180 airports in Canada, the United States and internationally on six continents. The Company’s Aeroplan program is Canada's premier travel loyalty program, where members can earn or redeem points on the airline partner network of 45 airlines, plus through a range of merchandise, hotel and car rental rewards. Its freight division, Air Canada Cargo, provides air freight lift and connectivity to hundreds of destinations across six continents using its passenger and freighter aircraft. Its Air Canada Vacations is a tour operator, which is engaged in developing, marketing, and distributing vacation travel packages in the outbound/inbound leisure travel market. Air Canada Rouge is Air Canada's leisure carrier.


TSX:AC - Post by User

Bullboard Posts
Post by bnwon Aug 06, 2012 11:09am
403 Views
Post# 20187440

More fuel for a rebound

More fuel for a rebound

A holiday Monday with the Canadian markets closed gives me time to review my holdings.  I wrote on July 27th that I believed AC.B was about to take off.  The stock opened that day at $ 1.07 and now sits a week later at $1.16.  So far so good but nothing to make me rich.  As I review the charts, AC.B tested its 200 day moving average on July 25th and has since had what appears to be a breakthrough.  It now sits comfortably above its 50, 100 and 200 day moving averages and shouldn't hit resistance until about $ 1.40.  With the quarterly report due out August 8th, any avoidance of a disappointment would be positive.  Hopefully the government will chip in soon with a pension shortfall moratorium.  And as I have indicated on other bullboards, there is evidence an overall market rebound is in the works, though until I see a confirmation this could be wishful thinking on my behalf.  At any rate I am comfortable owning this stock at this time.  I made my last purchase at $ .86 applying dollar cost averaging which now sits at $ 1.23.  Almost breakeven on a stock that was killing me a few months ago.

Bullboard Posts