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MrSalda
May 23, 2020 2:32 AM

Long $10 on SAVE before travel pics up Long

Spirit Airlines, Inc.NYSE

Description

2:1 risk-reward on SAVE. Travel is going to pick up. When... not so sure, but it will.
It looks like we found some bottom support on this, with pretty high short interest.
A pick up in travel and a nice short squeeze should provide a nice pop to 15.
At that point probably looking for a retracement, taking profits, and looking for retracement.
Comments
BinSF
I think it's great time to go long on Spirit Airlines now that things are opening up. They have the liquidity/cash to survive through tough times so no risk of bankruptcy. Good management. Streamlining expenses to get through tough times. Just too much upside not to take a chance on it. Prob my favorite long position. Any good news and SAVE will skyrocket.
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