shorting the airlines?

T

trendtrader2005

I am looking to short both CAL and AMR based on both fundamentals (oil prices) and technicals (deteriorating market, downtrends in both stocks on high volume)

Looking for comments and if anyone else is shorting airlines now
 
I shorted DAL a while ago, but closed too early (~$2). I am eyeing a few pair trades going long JBLU and short one of the many shitty airlines.
 
Quote from mastah:

I've bought DAL put options to implement my risk-free strategy with falling airlines.
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Yes on DAL derivatives and
NWAC puts looks almost as good ,
except more peaks/vallys on chart.:cool:

AMR looks to strong technicaly for me to short;
dont short on fundamentals & also funds like AMR long
 
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