Air Canada T.AC

PAUSE

[Starsearcher80]

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.

[TurtleGold876]

Well put. Good luck to you

[lb1temporary]

Wisdom, wisdom,wisdom. Well explained. Having confidence doesn't means that we can't protect profits at the end of a surge. 

[lise2biglips]

well done, and a nice view point of a possible future

[Tommy123]

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[NothernLights]

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.

[WeedTheNorth]

Here's the AC board's taste of starsearcher. A flood of positive posts before he bails so that he can get the best price. Just watch out for his return to bash when he wants back in. Or maybe for the first time ever thats not his pattern. GL

[Invinceableone]

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[Starsearcher80]

Such a sad little maggot you are.  This is just some troll from another board with nothing to offer.  The funniest part is he actually thinks anything posted by anyone here makes any difference to the share price.  Air Canada had almost 83,000 trades today, for a total of 8 Million shares just on the TSX.  Add in other trading platforms and the volume goes to over 14 million

[WeedTheNorth]

Oh ya, he'll post for days about how emotional you are and then this always comes out. Just trying to let you guys see for yourself.

[WeedTheNorth]

I'll add, if the truth hurts, your reaction let's me know I nailed it.

[TJPatrols]

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[TJPatrols]

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[Starsearcher80]

Well as it turns out, the sell was a decent enough call.  While I figured the stock would retrace, I am a little suprised how much it has retraced already.  As some point, I would like to buy, as I do think there is more upside, but we'll have to see what that buy point is. Right now the stock is testing support at about $28.68, this being the second test now today.  There is