Air Canada T.AC

Long and Wrong!

[Contrarian333]

I've been long and wrong for a trade.  Shorts have been 100% right.

[WizardFuture]

It's ok. We cannot be right all the time. The question is how low can it go. I thought $16 was the lowest. But now maybe it will go as far as $13.8 ? Who knows...

[jjwilson]

I predict sub $13.

[wkrpradio]

That would be easily reached if ALPA starts job action or if they decided to go on strike. 

[jjwilson]

...Or if the company goes for the lockout, which is their normal gameplan.  I don't hold the pilots repsonsible I hold Rouseau repsonsible. Right now there is zero incentive for the company to support the SP and every incentive to look as poor as possible.  I expect nothing but for the SP to drop until a deal gets done.  Then, the buybacks, good announcements etc.

[wkrpradio]

A lockout only occurs after the union members vote for a strike. So they are 100% responsible for their decisions. 

[wkrpradio]

Right now , I believe , that CHR would be a safer bet. 

[Nordico]

Unfortunately this stock is getting shorted to hell, because of the labour impasse and lack of a buyback program (I really wish AC was buying back $3M per week at these levels). And no, as much as some of the low-info posters on this board (including the ones liking the posts) want to think only 4% of outstanding shares are shorted, it's around 30% as of today. If AC can just get this deal

[wideopenthrottl]

not sure  who said 4% or where they got that number from but even the tmx page says 14%

[Nordico]

Yes I noted yesterday that TMX has it at 15% from their Canadian data. S3 Partners, one of the biggest trading data companies there is (and used by G&M, Financial Post, Bloomberg, etc.) includes trade data from outside Canada, and shows 26% float short as of July 29. It will be close to 30% right now.