Yeah, I hear you. They are usually my best trades though. I ran with UAUA and AMR on Thursday. I basically pushed on the trades as I didn't want to bag myself long term. More knife catchers this time around in airlines across the board. I'm over the oil hype and raising jet fuel costs. No shit, its old news at this point and baked in media fluff. Did some research and looks like the merger, alliance hype is still a point to fluff some upside. Overnight news for sector obviously sucked: http://biz.yahoo.com/ap/080522/s_p_airlines.html?.v=1 http://biz.yahoo.com/ap/080523/airlines_outlook.html?.v=2 Lets see where the action is Friday. Maybe lower low's, maybe not. I was comfortable covering on Wednesday and going long. There is no doubt I would have covered higher Thursday morning on the morning rallies. It's 50/50 right now. Flip a coin.
I think AA is correcting for a while 42.93 33.87 on average Maybe buy at 30 to 28 I say get ride of it if long
Fuck, long and wrong for me getting cute. Should of stayed short from Wed. but dead cat bounce Thursday fucked me up. Gonna eat this trade.