RE:CHR is trading at Covid lows The market usually does the opposite of what we expect. Based on this, investors get frustrated and bail at a loss. Shorts on the other hand tend to have more patience than the average long investor and is easier to hold by shorts when no distribution is being made.
I just got back from London/Europe and my AC flight on a Dreamliner was packed to the rafters, not to mention that Europe was a zoo. The consumer remains strong and based on this the market is pricing in higher rates. This will turn to the upside again but for now the news stream is filled with ominous news.
SIGG1 wrote: Stock was twice the price at some point during the pandemic when nobody was flying. Now that all flights are full or nearly full it trades like they are going out of business. Just another exemple that demonstrates how rigged the market is....