UALFrankly, I don't see CAE's fortunes (or misfortunes) turning on UAL's immediate problems. While the air travel industry is hurting, they are still flying and need simulation as a cost effective means of keeping their pilots current. Simulation does that!
While I'm an invester for the long term, I also like being a day trader to take advantage of the swings to build my position. I don't have a lot of time to research the thousands of companies that may be attractive on a short term basis so I pick a small number in areas that I understand.
If CAE should drop again, I will pick up more.