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Bullboard - Stock Discussion Forum 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... see more

TSX:AC - Post Discussion

Air Canada > The harsh reality....
View:
Post by Wynjoe on Nov 27, 2021 7:47am

The harsh reality....

Flights are being canceled and government assistance is no longer there. This new Omicron covid variant just may be more lethal, (especially to young people),if this proves to be the case then parents will go to any and all lengths to protect their children.This winter may see travel shutdowns like never before. Air Canada do not pay dividends and absolutely will not see any major growth in the near future, SO WHY OWN IT. All employees have been recalled and expenses are growing while revenues stagnate. Of course s/p will test prior lows,and theres nothing to stop the selling.Its not cheap to mothball jets ,and there definitely are no catalysts upcoming to push s/p MAJOR MAJOR SELL!!!!
Comment by Invinceableone on Nov 27, 2021 9:22am
This post has been removed in accordance with Community Policy
Comment by Natgasbc2021 on Nov 27, 2021 10:21am
FUK I was HEAVY short on Monday bought 51k HSD @ 6.49 and 38K HQD 6.5 a fukin sold them Tuesday for a profit but my short thesis was correct. Market definitely felt wrong and I essentially went short a few pennies from the TOP.. then got scared and bailed "eyeroll" anyway I was in AC earlier this year and almost reentered a few weeks ago on that spike.. I will be watching for this to at ...more  
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