I have been long airlines for a while, yesterday's run up is huge. But today is one of the weakest day for airlines in a long time, it is even weaker than the day after the terror scare. It may be taking a rest, but today's vol a little too high, it maybe close to top, I will give it one or two more days, if the weakness continues I will get out. Any comment?
Good for you. 技术面 it dose felt weak, short term it could go down and when it go down, it go down hard and fast, I am waiting for confirmation to get out. But I think 基本面 airlines had showed considerable improvement, uaua and cal could show profit soon. Long term trend is still up.
Today it dropped right back. Since it's Friday, the Vol is low, and there is a recovery before the close, I will not read too much into today's drop. I am hoping a big green bar on some day next week
Today airlines are up. Got the big green bar I was looking for from UAUA, got half bar from CAL and small green bar from AMR. Sold all my UAUA, half Cal, and still holding AMR. Still think they have room to run, just that it really close to OE day if airlines got one or two bad day all my calls could be worthless. My Jan AMR calls still out money may expire worthless, I bought a little more Feb calls hoping AMR will play a little catch up in next month.
Heard a few people talk about short airlines today. Here is my comment:
In the past few days airlines holding much better than the market as a whole, it's uncharacteristically strong. It may not be a good idea to long airline now buy short airline is a bad idea.