RE:RE:RE:RE:This whole rally is one giant dead cat bounceTo be honest Air Canada is my favorite airline. I am a frequent flyer and I regularly pick them over other lower priced flights whenever possible. Also, I am a Canadian and wish nothing but success and prosperity for our national flag carrier. I'd love to go long now but I just don't see light at the end of the tunnel.
starman1975 wrote: If you think its a dead cat bounce then keep your shorts. Did you tell people it was over valued around 45$? ...because I did, and I shorted it just before it made a second drop. the first drop was from 50 to 45... I saw the bear flag in a over priced stock market due for a retracement once every decade. This is a healthy situation for the markets. Now I see AC moving from 9 to 23$ and I am more of a buyer than a seller and shorter (not the same thing). "if it walks and quacks like a duck, then..." huhuh... you know the saying. I am itching to take a profit this morning on my end of day bullish call yesterday. traded it three to four times yesterday on both sides. today I will let it ride past 20$ and watch it run all the way to 26$ before re-evaluating. I may even short it in between, but my biase is to the upside now.
96% recover from covid
wuhan is open. daily deaths from covid (1 person to 0 person a day average)
USA and the rest of the world get ready to open airports.
as soon as a vacine or a mainstreem cure comes along it could quadruple and make a record high (because of the (not billions but trillions dollars of stimulas). I can't even count to a thousand without falling asleep.
anyways it's a good morning.