RE:Great start.....damian19 wrote: And in no time as usual it has crashed by nothing more than 40 cents once again.
Southwest came out with record profits today, probably what triggered AC to reach $12.08....but apparently those playing with AC stock price were not impressed with that or the 6% increase in Southwest stock price so they decided to dump dump dump.
American Airlines up again....so is Delta. So what is today's excuse for it's reversal? More greedy profit taking I suppose?
Are we gonna continue to advise not to be alarmed considering this should be seen as positive news today and it has reacted horribly to it?
Im so glad i sold my shares at 12.50!! and then bought at 12 but now thinking if i should sell again and buy even lower but AC should break 12 easily now, instead it has gone back to 12 being the resistance like 3 weeks ago which i was planing on making 40cents gain and selling if ac got to 12.40, looks like im left chasing this stock for some $$ lol now it could go lower cause its no longer oversold so i would be very careful and theirs plenty of room for a drop on the RSI most likely 11.60s. but at the same time theirs pleanty of suppor from 11.70s to 11.80s
Hey damian19 these people in here are way too bullish on this stock to even consider if this economy is in a good state, cause first of all if jobs all round are being lost and companies that come from the US cant last more than 2 years then this really is a concern because if any bad job reports come out then the TSX goes down and so does AC,with our now weaker dollar because of lower interest rates set by the banks, it should really be taken into consideration of what could happen in the future. although oil is on the decline it seems to have found some kind of bottom for now but it would take along time to go back up. lets hope the market doesnt crash because of the housing bubble like 2009. theirs all kinds of factors that could cause this to drop not just oil and cad.
its your money so watch over it, if you dont feel as confident then i suggest you should just either get away from the computer or sell your shares :), you said you bought from 8 so how could you be mad if this stock isnt going up as yud like.. you're still in the green while im in the red. just wait till Q4 and put stop loss a day before market open and then chill.