AC price actionVery strange pirce action of AC in the past month. I have no idea what drives it. Is it overall market, price of oil or whatever. I sold my AC shares in the summer at $26 and bought back in last week for $23. My target again is $26, but it may go below $23 before it hits $26. I do beleive $23 is a bargain, but I have been wrong before. Why are the shares down today when market and US Arilines are up? Why is volume so low? Where are the sepculators to drive up the volume 1 day before earnings.
I don't know if the earnings tomorrow will be great, but I don't think the price will move in either direction very much.
Unless they beat it big time. I know one thing, AC is on the right track and it is a solid company. If you beleive in it, keep your shares and set a price target when you will sell. Short term movement should not concern you. Don't check the price every day. Good luck to all.