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
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.
Ape
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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.
YaKa
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long dal tight stop
short SP500 large stop.
.. if crude goes lower (it might)... sp500 goes down and dal up?
Ape
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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.