I am going to consolidate all my posts into one thread because they are seemingly littering up the stock board. The reason why Im posting this up is because Im actually going to throw money at these picks and want to get different opinions. For my first obvious pick is JBLU. JBLU is nearing the 9.50 price point where I believe it could be bought. I wouldnt buy it though unless is started to a convincing bounce. Dont try to fade this. If the pitch of the lower trend line stays the same, then a parallel trend line to the bottom will yield a target price of 13.5. If we reverse engineer the head and expect a 1/2 reaction rally, then we see the following: 17.02-9.5= 7.52 7.52/2= 3.76+9.5= 13.26 There were two distinct high volume 30+million share dumps in the last few months telling me that some overhead supply was eliminated. Once it gets into the 13s, then its time to let JBLU loose and observe where the pivot point will lie. If the equity breaks over 14, then its time to long it. Price target will then become 17.02+9=26.02 *assuming* it can make it north of 17.02. If it pivots off of 13.5 and goes below 13, then short it back to the 9s-10s. Then find the next pivot point. If it turns upward from there, then it will probably make for the 17 dollar line. If it turns downward, then JBLU will go bankrupt and fly into the pinks as oil moves towards my $100+ target. Notice the pattern on the macro 3 year chart. It goes to 17 dollars, then turns around, then there is a reaction rally and then its back to 17 dollars. 3 tries for the resistance is the charm in which a breakout could occur or we fall back down like it was February 2007. The macro trend on the chart is a sloppy reverse head and shoulders. This is not a quick in and out trade. Last year it went from 8.93 to 12.92 from May until July. Thats also a trend to be aware of. JBLU usually reaches its bottom at this time of year. This is good and bad. Once JBLU turns the corner, you know its not suddenly going to dump down like a bad .OB stock. There will be time to think. However, you will have to be patient. I say Checking the airline index, I believe we may be at a yearly bottom. http://stockcharts.com/charts/gallery.html?$XAL In conclusion, wait for the pivot under 10 and then long it on a convincing pivot. Dont attempt to fade it. Then short it on a convincing pivot at 13.5. Then its back down to the 9s-10s where you cover. Then look for a pivot and long for another ride. If its done correctly, then you can make a 270% return in one year. 10-13. Long at 10 and sell at 13. 30% 13-10. Short at 13 and cover at 10. 30% 10-16. Long back at 10 and then sell at 16. Airline stocks are very risky and I highly suggest not attempting to fade any of the pivots. Wait for a convincing bounce before throwing your money at it. It was announced that Soros got in on JBLU.