Air Canada T.AC

Alternate Symbol(s): ACDVF

Industrials Airlines

Air Canada is an airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States (U.S.) transborder market and the international market to and from Canada. It provides scheduled service directly to more than 180 airports in Canada, the United States and internationally on six continents. The Company’s Aeroplan program is Canada's premier travel loyalty program, where members can earn or redeem points on the airline partner network of 45 airlines, plus through a range of merchandise, hotel and car rental rewards. Its freight division, Air Canada Cargo, provides air freight lift and connectivity to hundreds of destinations across six continents using its passenger and freighter aircraft. Its Air Canada Vacations is a tour operator, which is engaged in developing, marketing, and distributing vacation travel packages in the outbound/inbound leisure travel market. Air Canada Rouge is Air Canada's leisure carrier.

TSX:AC - Post by User

Air Canada > PAUSE

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Comment by NothernLightson Mar 15, 2021 5:22pm

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Post# 32803593

RE:PAUSE

Nothing wrong with walking away temporarily, especially after making a nice profit. Buying is easy, knowing when to sell is more difficult. Obviously you had a plan. Too many investors leave money on the table.Early this morning, I considered selling, to buy back lower, but I do not have a " trader " mindset for now. You are right, if there is some kind of correction, all stocks go down.....even the good ones. Provided we do not have a market wide correction and bad news on the Covid front, and because of the strong pent-up demand for air travel, I believe the stock could run, especially with some type of aid to the industry. I know there are a few ifs, but keeping my fingers crossed!

Starsearcher80 wrote: I made the decision to sell today up in the $30.70 range, this from a hold from about $23.00. AC has been good to me. First run from $11-$18, then $16 to $27, and now this one $23-30.70

So why sell now? First of all, for the investors out there, I have no doubt the stock will be moving higher. I'm not an investor, and work generally in shorter time frames. If I have opportunity to circle around, I'll do that.

AC over the past few weeks has certainly had a really nice extended run. It's normal for stocks to pause at various points, and/or retrace, if only to gain strength for what will hopefully be another leg up.

More than AC specific concerns, the overall market is getting toppish, and it makes me nervous. That, and in the short term the U.S. is doing their last kick at the moronic can, lifting mask regulations all over the place, and going back to no restrictions. Just look at the Spring break parties going on. This is truly dumber than dumb, and with the Variants now accounting for about 40% of new cases, I fear there is going to be one horrible surge before vaccines can truly kick in.
Italy just did a country-wide lockdown because of the variants surging, and they aren't dumb anywhere near what the U.S. is deomstrating.

For the investors, ths too will eventually pass. For myself, working in the the shorter time frames, it's just something I can't ignore. Best to all whatever your timeframe is.