Post by
Tempo1 on Jun 21, 2024 10:34am
How low it is ?
It closed under 17$ only two times since 2020. In june 2022 and in oct 2023.
The 7 years record closing is 12,90$ in march 2020. Forget the 9,82$ mentioned by some, there only 1 transaction at that price; that day, volume was over 11$ and 12$.
So, few weeks before Q2 results with a 4B$ EBITDA forecasted by management for the full year we are only 4$ over the worst day in the recent history (with planes grounded for an illimited time).
Stock market sometimes offers surprises.
Sad for the longs who are waiting for years.
At 19,37$ my average cost is not a problem, My thought was about a 18$ floor, but market gave me a reminder of its surprises power.
I am thinking for more opportunistic buys. Good return is an certainty. Let's the time works.
Comment by
DrInvestor on Jun 21, 2024 10:47am
It appears we are getting no increase when UAL and DAL go up but when they go down like today, we go down as well. Clearly the shorts are having a blast right now with AC.
Comment by
Veecee1 on Jun 21, 2024 11:27am
Even Delta announcing 50% bump in dividend which sends a strong message isn't helping , could be option related today, earnings in a few weeks, reversal coming