Should I pull the trigger on American Airlines you bounce fools?

Should I pull the trigger?

  • Pull it.

    Votes: 10 47.6%

  • Nooooo!!!!

    Votes: 11 52.4%
  • Total voters
    21
Quote from 1Reason:

Hard to ever find anything wrong with what the pumpanddumper has to say. Sold out of UAUA because long term the airlines cant seem to find the outside of the BK courtroom for longer than 10 mins.

Wish I would have sold sooner but glad I dumped before the 25% drop today.

Be extra careful trading for the bounces, sometimes they don't happen....
More...


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.:)
 
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