JoelAdams00
Short

AC.TO short

TSX:AC   AIR CANADA
33 0 1
I believe shorting AC to be a play on many macro ideas.
Overall the market looks to be heading lower bringing everything down.
AC just had a crashed plane in eastern Canada which is being investigated.
Oil             may be bottomed may be not but if it does go up that will have a negative effect on AC .
There is a cutting of excess spending in Canada from a personal to corporate level, which includes travel.
Currently it is trading near the top of it's range ready for a correction.
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