Discussion in 'Stocks' started by michaelscott, Apr 24, 2007.

  1. Watch for the bottom in JBLU coming at 9.3. Consider going long at that level. If it breaks through, forget it. However, go long on a bounce of that level then ride it to 12. If it reverses at 12, go short and ride down to 3 and possibly watch as JBLU flies off into bankruptcy.

    Big head and shoulders on the chart.
  2. This drops to low 9's, I may buy it.
  3. Airlines seem attractive now given the massive selloff in the past few weeks

    I don't see oil going much higher
  4. Dont try to "fade" the airlines. I say 9.5 is the limit, but I could be wrong.

    Oil is going much higher from here. Think of the recent downtrend in oil as a temporary correction. We will see 70, we will see 80. It only goes higher from here.

    I believe JBLU will bounce and maybe hit the 12-13 area and then it will bounce into bankruptcy like all these airline operations do eventually.