RE:Buying Opportunities?skyplt wrote: I've had my fair share of those the last couple of days. I certainly hope I have not tried to catch a falling knife. I am in this until at least the second half of 2014 and hope to see results in line with forecasts. What has me hooked is that the EBITDAR is almost half that of the U.S. airlines. I don't see the $17 as RBC suggests...but 12 to 13 seems reasonable. I guess it is a matter of waiting to see the June and July loads.
You're dead on with your thoughts! Not saying we're right but they echo my sentiment. Analysts are giving a 12 month "MOVING" price target so while I'd love to see $17 by Q3, that would be an EXTREME run up and SEVERELY oversold. It would not be sustainable and collapse on itself. I've always said slow and steady. We'll get there and the timing is right, almost everything appears to be right for this stock except the Canadian dollar (which seems to be improving) and oil (which seems to be getting worse). Anyway, the falling knife won't go to zero but that's how the game goes. My eyes are set on Q2, between today and then I won't do any more purchases. After Q2, I can reassess position and decide how Q3 should be played.
good luck!