Using The PPT‘s new hybrid charting tool per industry, I started a position in AAL here.
1. The airlines are fucking cash cows.
2. They are excellent hedges against open long positions in oil.
3. They are oversold, and unlike oil; their fundamentals are improving.
4. Everyone hates them now.
Have a look at the Hybrid Chart of Major Airlines, courtesy of Exodus (still in BETA)
AAL is down 10% over the past two weeks.
To finance this, I sold out of laggards MDVN, TPH and XLRN.
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Speaking of Exodus, can we test in BETA yet?
Soon
I can’t wait for Exodus
where do you get mind blowing analysis from?
I know snarkiness when I see it.
BANNED
The ironic part of this whole situation is the signal generated from The PPT are more thorough and mind blowing than anything you’d ever have at your finger tips, unless of course you favor the drek out from the teevee of research mills.
AAL Trades at 4.6X projected 2015 earnings FWIW. DAL 9.6X
I like selling Biotech here too, let the hot money run into oil from there. Same on the bonds.
Contrary works in airlines, although it isn’t overnight.
I recall the cover of Barrons in Dec. 1989 where the cover story was about how great UAL was as it crossed $200.
That was the top.
Seriously, thanks for the oil call outs, kick ass. It’s good to ride some real green.
Out of UWTI for another monster trade called by the Grand Master of Trading…non other than Senior Tropicana !!!! Thank you Le Fly !!!! You are the best !!!!!