Ape

DAL- The Most Fundamentally Sound Airline

NYSE:DAL   DELTA AIR LINES INC
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1
DAL is hands down my favorite airline stock. I can't justify executing a long position here as the risk is to great for me right here. I'm a buyer at 42, I'm a thief at 38. But with oil plummeting, it wouldn't surprise me to see DAL hit 55 before pulling back any significant amount. DAL sits atop of my watchlist

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Good one. Buying here is a tough trade (although could be tempted with stop 46.50). Waiting for 55 short sounds very good. thx for sharing.
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Ape YaKa
I could see going long here, with a tight stop at 46.50 I'm assuming you are expecting this uptrend from 12/17 to continue into earnings? That's a plausible plan, my one worry though is market as a whole looks like it could be pulling back soon, making it a tougher call.
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YaKa Ape
long dal tight stop
short SP500 large stop.
.. if crude goes lower (it might)... sp500 goes down and dal up?
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Ape YaKa
I believe crude is going lower, no signs of it stopping, thats great for the airlines. The only concern is with oil going down, and the sp500 being 15-20% oil and gas companies, I feel DAL might be a victim of a market pullback. If I was long DAL, I would hold, but initiating a buy here is a tough trade. I personally think a short of S&P is the higher percentage play here.
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