I am a tad new to all this so bear with me if i'm talking nonsense.
What do you guys think of long term holds on Airline stocks. Take LCC, Us Airways Group Inc. trading at around $4 but 2 years ago was at around $60!! Surely it cant stay so low for long? there has to be a pull back in the oil and gas sectors and surely this will see these kind of companies rise again?
Mabey the Airlines will go back to their higher prices in the future...who knows? They are cutting back on their free peanuts for a reason
But why not trade sure thing stocks a few times a year....going by the charts.
Like AAPPL, FSLR, CPSL, ASTI, SOLF, CSUN, CSIQ
Som of those stocks mentioned above trippled twice in a 52 week period....solar is gonna be hot until solar is proven to be a useless form of energey....if that ever happens
Just lear to follow the chart on the major indices like the DOW...and all the stocks follow...usually with the major stocks like APPL, and FSLR everything is worked into the charts alreay like earnings and stuff....You can make huge money just making a few trades a year position trading...following the DOW and major indices.
Watch these videos and practice charts at stockcharts.com or something
id be shorting these if i were you. Gas is not going down at all, sure they are cutting back on free snacks, raising prices, and making you pay to check in bags. . . . but gas prices are going to kill them!! $200 a barrel for gas is coming in my opinion
***Earlier Monday, the International Air Transport Association revised its forecast for the airline industry to a $2.3 billion loss for 2008, a reversal from a previously projected profit of $4.5 billion, because of higher oil prices. See full story. The Istanbul-based organization said its latest prediction assumes $106.50 a barrel oil as compared to the $86 a barrel assumed previously. However, oil has most recently been hitting above $130 a barrel, making IATA's latest forecast "optimistic." If oil hits $135 a barrel, on average for the year, airlines will be looking at a whopping $6.1 billion loss, IATA said.
-------------------- who says you cant trade stocks at 17!!? Posts: 288 | From: Wisconsin | Registered: Apr 2006
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quote:Originally posted by Peaser: IMO, multiple airline companies will be revisiting bankruptcy in the future.
Ole Shorty dun likes dem dair airline stocks.
I actually agree with you Peaser. Consumers are already having to swallow their throats when they buy gas....now with Airlines raising ticket fares, its a slap in the face and hard for consumers to bit off.
Just think if a Middle East airline came in and had exclusive rights to fuel from the middle east at a bargin price. They would wipe out all the airlines.
Posts: 2363 | From: Detroit | Registered: Mar 2005
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Technically, IMO has been showing support around $55.31 and resistance in the $64.14 range. The buying signal was on yesterday but not strong. (http://www.9trading.com/index.php?symbol=imo)
Posts: 40 | From: canada | Registered: Jan 2008
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