anonymous, They hedged only 40 - 50% of their oil. Yes, they will lose money last qtr [some results yesterday already showed that] but the stocks are most about next qtr, right?
Yep, I was in UAUA from 7.52 to 9.90. I closed it today, never thought there would be a big 2nd day rally.
I think the airlines rallied because of the shortsqueeze.
There should soon be shortsqueezes in F and GM too.
6 comments:
BOTD, Fundamentals buddy! Oil is down, whatever recession is there - the planes will still profit with low oil prices.
Next rally is for automobiles!
HK will pop [will be last pop in a while] a bit more next week - will short again.
hmmmm... ford looks nice today :-)
planes are going to lose a ton of money with the lower oil price
what?
.... its a day trade. this rally might fade. and oil might rally.
and rally might rally.
go team!
ouch. 0.05 -0.49 (-90.74%)
anonymous, They hedged only 40 - 50% of their oil. Yes, they will lose money last qtr [some results yesterday already showed that] but the stocks are most about next qtr, right?
Yep, I was in UAUA from 7.52 to 9.90. I closed it today, never thought there would be a big 2nd day rally.
I think the airlines rallied because of the shortsqueeze.
There should soon be shortsqueezes in F and GM too.
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