RE:Lol ERT is speechless
ERT is busy enjoying some Christmas cheer. Besides, ERT deals in years not minutes like the girly complainers like Dumian. This stock is a monster and has in the grand scheme of things been through 1 year of consolidation. The next leg up will be a big one. Airline travel demand projected to double in the next 5 years. AC is positioning accordingly. The market is tunnel visioned on RASM pressure bottoming out. You'll see the sector leg up sustainably at that time and it makes sense to me. Just like any commodity pricing power is key and if there is no bottom to ticket sales then investors have every right to be cautious. Combine that with a shaky Canadian economy and investors are giving this macro sensitive stock the treatment that is probably warranted in the short term. Retailers seem to forget that this is macro sensitive and will probably have red days greater than declines on the TSX, the airline sector, etc. In any case I will be flying AC tomorrow and will likely report a packed flight.
PS: pay no attention to that road kill ferret. That was an attack on me not the stock. He'll tell you all the best ideas, after they go up 100% of course.