Probably, but I'm worried about geopolitical things Stoney. For real. There was no reason whatsoever for it to fall from $40 down to $31. I don't like that.
You quoted an article. That doesn't keep the lights on at GBA, or did I miss the "go-time" call. I mean I could have.
It's much larger than just DAL. A whole bunch of cyclical type stocks nosedived and because you and I are chasing so much stuff we are constantly rotating and missing the carnage. In a bull market we would be the one's behind. Why did they fall so much? It was the repricing of recession. // That came back into play as any idea of a soft landing was blown away by the hysterical rate hikes. Now what? Well just as we crawled our ass out this bank mess. Mid sized banks aint going to lend and that means slower GDP. Good news/ bad news: Slower GDP quickly accelerates into recession. But the Fed backs off so stocks run a bit. That's where we are now. Spring load rates look good for the airlines.
I previewed Quntum computing and then gave a morning nugget about NVDA using these guys and dropped a vid-- It was scattershot buying, two others did not fare as well Playboy and one other I'm spacing.
Yeah but the loads haven't changed and jet fuel has went down. I understand the banking thing instilled a little fear, and I also (you even yelled at me when I said it)... realize sector rotation. But a 25% drop in the airline sector in that short period of time.... ahhhh... I dunno. I did post this on another thread a few days ago... The "megaphone" being B1's upper trendline. The call proved correct. I love DAL, you know that, it's just a pattern thing. $40---$31--- bounce to $35 seems like a smart place to get out. For the long haul, yeah DAL should be fine. Barring WW3.
Folks I'm sorry I lack conviction here. Light Vol and this stk is just not moving right. I know you are used to $10+ moves for anbig stable name like this. Just take the lousy $2 and forget we mentioned it. Boyd Gaming Corporation (BYD) NYSE - Nasdaq Real Time Price. 64.02+1.60 (+2.57%) As of 12:57PM EDT.